Europe's energy supply is guaranteed again. Free port LNG exports will resume in mid December

On Friday Eastern Time, Freeport, a major exporter of liquefied natural gas (LNG) in the United States, clearly stated that it plans to start initial production in mid December this year, but will not fully resume operations until March next year.


With sufficient LNG supply, reduced consumption, and almost full winter gas storage facilities, Europe may not experience natural gas shortages this winter.

Many analysts predict that although Russia's supply has decreased, the European continent will have enough fuel to pass this season. However, any surge in demand that exceeds expectations may bring back the risk of rapid inventory depletion. This week's cold wave forecast caused natural gas prices in Europe to skyrocket by 20% in a single day, reflecting the fragility of Europe's natural gas supply.

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