>>18202853, >>18202919 pb
AE68A8 US Navy P-8 Poseidon in the eastern Med from Sigonella AB, Sicily
US NatGas Prices Soar After Freeport "Completed Repairs" Of Damaged Terminal, Aims For Partial Restart
US natural gas futures jumped late in the session after news hit that Freeport LNG, a major liquefied natural gas export terminal on the Texas coast which has been closed since an explosion last summer, said repairs to the terminal are complete and is seeking approval for restart. Freeport wrote a letter to the Federal Energy Regulatory Commission (FERC) requesting permission to restart the terminal that accounts for about 15% of all US LNG exports. Pursuant to your letter dated June 30, 2022, Freeport LNG Development, LP ("Freeport") must obtain written approval from FERC before restarting any non-emergency operations in existing facilities, constructing new or modified facilities, and commissioning and placing any facilities back into service.
As further described herein, Freeport has completed repairs to the Export Facility on Quintana Island, Texas, performed safety reviews, revised various procedures, implemented new safety systems and performed necessary training in order to safely begin to resume initial operations at its Export Facility.
NatGas surged 9% to $3.45 per million British thermal units. NatGas prices will need to hold the 76.4% Fibonacci retracement level ($3.41) if further upside is to be achieved. Any February cold weather across the Lower 48, plus the Freeport export restart, could be bullish catalysts for reversing months of sliding NatGas prices.
https://www.zerohedge.com/markets/us-natgas-prices-soar-after-freeport-completed-repairs-damaged-terminal-aims-partial
https://tradingeconomics.com/commodities
heading back to Offutt (STRATCOM)-it arrived from there yesterday as HULK99