The extended outage is ‘significantly longer’ than the three weeks that was initially reported. Freeport LNG’s expectation that full plant operations will come back online by late 2022, and a partial resumption of operations will begin in around 90 days, is “significantly longer” than the three weeks that was initially reported, analysts at Enverus Intelligence Research have outlined in a report sent to Rigzone. In the report, the analysts noted that the extended outage will likely help reduce the U.S. storage deficit to normal levels, highlighting that around 175 billion cubic feet could be added to U.S. inventories, but added that the development will also likely exacerbate tightness in global LNG markets. “U.K natural gas storage levels have built aggressively of late, but the loss of [around] two billion cubic feet per day will leave some markets with less than anticipated gas in storage heading into winter,” the analysts […]