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US natural gas futures crashed almost 20% to under $7/MMBtu for the first time since early May after #FreeportLNG said it doesn’t expect the terminal to return to entire plant operations until late 2022, with partial operations resuming perhaps in three months. Freeport receives about 2 billion cubic feet of gas per day or roughly 16% of US LNG export capacity.
Natural gas futures continue to be choppy as the markets assesses the implications of a potentially prolonged outage at the Freeport liquefied natural
[See the full post at: Into The Vortex – EIA Reports Natural Gas Storage Rose 92 Bcf, 323 Bcf Below Five Year Average]
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