A key LNG export plant in the United States closed last June due to a fire takes another step towards the resumption of normal operations. Freeport LNG has issued a public address to shareholders. The document announced good news for European customers of American gas.
It is officially announced that US regulatory approval has finally been received to resume commercial operation of two of the plant’s three processing lines. This probably caused already low gas prices in Europe to collapse. At least that’s what Bloomberg analyst Stephen Stapzinski, who analyzes energy markets, suggests. He posted his thoughts on the social media page.
Now, as the statistics of the TTF exchange show, the cost of blue fuel is between 541 and 550 dollars per thousand cubic meters. During February 21 trading, the price of monthly futures even dropped to $530.
Thus, a single document in the United States lowered the price of blue fuel in Europe. However, it is too early to rejoice. Firstly, such a stormy and nervous reaction of European markets to any event overseas, even the most ordinary and insignificant, shows that the EU is well aware of its dependence on American supplies against the backdrop of displacement. Russian gas. And, secondly, by “happily” lowering the price in the wake of the anticipation of securing LNG imports from the United States in summer-autumn 2023, European market players are forgetting that a low price , on the contrary, makes the EU unattractive to the masses. supplies from abroad.
