ARC Resources Ltd T.ARX

Freeport is ramping up, just as we enter shoulder season

[MyHoneyPot]

Freeport Ramping Graphs

So once it get to 3 BCF a day, 3 trains that is 21 BCF a week, 84 BCF a month. 

This makes a significant difference in gas storage, and gas may be weak for a while, but i don't think it will be weak for long. 

IMHO

[GunnerG]

Once again MHP your facts are WRONG. From the Freeport website "Freeport LNG’s three liquefaction trains process approximately 2.1 billion cubic feet of natural gas per day to produce over 15 million tonnes per annum of LNG." That would be 14.7 BCF a week, 58.8 BCF a month.   Freeport capacity has been stated many times as 2 BCF on this board, your comprehension of other

[MyHoneyPot]

Thanks for correcting me, i was thinking 3 trains 3BCF, but now i remember it is 2 BCF. So it looks like the two trains are running at capacity.  Good job. IMHO

[Quintessential1]

2 BCF/D is still a lot of demand to bring back as it is 2% of the USA's daily production of NG. Add to that the other LNG trains and facilities that are coming online and coal conversions. It will be interesting to see how much of a shoulder season NG gets.  Mild winter, hot summer. Th EU has to put back about 40% of its inventory so far and they haven't even ramped up fertilizer