Freeport LNG Retracts Force Majeure, Leaving Buyers On The Hook For $8 Billion I ...Middle East

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Freeport LNG Retracts Force Majeure, Leaving Buyers On The Hook For $8 Billion I
source : OILPRICE ( Middle East ) () 44
The largest gas exporter in the United States, Freeport LNG, has retracted its force majeure, according to anonymous sources who shared the information with Reuters, leaving traders to source product on the spot market at significant losses. Freeport LNG had declared a force majeure back in June after it suffered an explosion on June 8, triggering a shutdown of the facility to assess the repairs. Freeport originally said it would return to full operations in late 2022, but partial operations could resume within 90 days. Freeport's force majeure…

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