The restart of LNG production at Freeport’s facility in Texas, halted by a fire in June, is supporting natural gas prices in the US and has helped to slightly normalize gas prices in Europe, still grappling with restricted Russian supplies. A large natural gas buyer, Freeport supercools and liquifies the commodity at its facilities before exporting it. The company alone accounts for about 20% of US LNG exports and is key for European buyers who are struggling to refill their storage ahead of winter after Russia reduced its exports to about 20% of its previous activity. Russian gas accounted for 40% of Europe’s total ... (full story)