Freeport LNG Development’s three-train Quintana Island liquefaction plant is expected to achieve a partial restart of its operations in February, according to Rystad Energy vice president Emily McClain.
If a partial ban on U.S. refined product exports goes ahead, the impact on balances and flows could result in higher and lower prices, depending on the region.
Despite the Freeport LNG facility exporting its first cargo since it shut down last year, U.S. natural gas futures still slipped by 7 cents to $2.444/MMBtu.
The BP-operated Kmarin Diamond was the first vessel to arrive at Freeport LNG since the plant shut down last year.
"Reinstatement of Dock 1 LNG loading services will allow Freeport to recommence normal LNG ship dockage and loading operations," according to the company's U.S. Federal Energy Regulatory Commission filing.
According to Refinitiv data, Russian gas exports to Europe dropped to a new post-Soviet low in 2022, but its total LNG exports rose to approximately 33 million tonnes, with more than half of it going to Europe.
According to the U.S. Federal Energy Regulatory Commission, Freeport LNG asked for permission to begin introducing LNG into its Texas plant's piping system.
NextDecade Corp. anticipates reaching final investment decision on the first three trains of LNG in the first quarter of 2023.
Saudi Arabia's crude oil exports decreased from about 7.77 MMbbl/d in October to approximately 7.28 MMbbl/d in November.
PDVSA's freeze order on oil export contracts is leading to port delays, according to people familiar with the matter.