European manufacturers halt production, citing natural gas prices; Freeport LNG still offline – The Offtake

A summary of NGI’s LNG Insight news and commentary

  • American manufacturer CF Industries Holdings Inc. and Norwegian chemical producer Yara International ASA announced the closure of their facilities due to extraordinarily high prices for European natural gas, which have approached $ 30 / MMBtu this week. Yara said 40% of its European ammonia production capacity would be shut down next week, while CF Industries said its UK facilities at Billingham and Ince would be closed.
  • British steel General manager Gareth Stace also said earlier this week that some steel plants across the country were closed due to high energy prices. Power outages could finally help curb the skyrocketing European prices, which rose further on Friday.
  • Adding to the energy crisis, Freeport LNG in Texas went without power on Friday as crews worked for a fourth day to restore it. It was not clear when the plant could resume service. Feed gas deliveries to US terminals declined as a result of the outage.
  • Chénière Energy Inc. asked the Federal Energy Regulatory Commission to approve the introduction of feed gas and refrigerants on the sixth Sabine Pass LNG train in Louisiana. Approval was requested for Tuesday (September 21). Train 6 is expected to be completed on 1T2022.

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