The Freeport LNG blast spells trouble for Europe. The Freeport LNG blast spells trouble for Europe but opens a potentially lucrative opportunity for North and West African gas exporters to fill the gap. That’s what Rystad Energy Analyst Zonqiang Luo said in a market note sent to Rigzone late Monday, adding that the Freeport LNG facility has a capacity of around two billion cubic feet per day and had been running close to capacity in recent months. “The Freeport facility has announced the plant will remain shut for three weeks. However, the possible extend of the damage to the facility is yet to be determined and it may be out of service for longer,” Luo said in the statement. “Since Russia’s invasion of Ukraine at the end of February 2022, the bulk of volumes [from the facility] have ended up in Europe, rising from about 0.81 billion cubic feet […]

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