ARC Resources Ltd T.ARX

Freeport LNG facilty now off line

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Freeport LNG’s liquefaction plant remains mostly offline for a fifth straight day, with gas utilization rates at 125 million cubic feet per day (mmcf/d), or 5% of its fully operational use, data from financial firm LSEG showed on Monday. The plant draws between 2.2 bcf/d and 2.4 bcf/d when fully operational via 3 output trains

Freeport said its Train 2 liquefaction unit had been shut down, while Train 1 will be taken down imminently as it expects inspections and any subsequent repairs at both the units to be completed by May.

The units were to be taken offline on the return to production of its Train 3, that was taken out of service when its motors were damaged during a January freeze, Freeport had said.