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Bullboard - Stock Discussion Forum Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Freeport LNG Plant in Texas Set to Resume Operations After M
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Post by Carjack on Nov 14, 2023 9:06pm

Freeport LNG Plant in Texas Set to Resume Operations After M

(Reuters) — U.S. liquefied natural gas (LNG) company Freeport LNG's export plant in Texas was on track to return to service on Tuesday after all of its liquefaction trains shut on Monday, according to data from financial firm LSEG.

Freeport LNG told environmental regulators in Texas on Monday that all three trains tripped "due to issues with the incoming power feed to the plant."

The amount of natural gas flowing to Freeport was on track to rise to 1.8 billion cubic feet per day (Bcf/d) on Tuesday from 0.1 Bcf/d on Monday after the trains tripped, according to LSEG data.

That compares with a five-month high of 2.1 Bcf/d on Sunday and an average of 1.8 Bcf/d over the past 30 days.

One billion cubic feet of gas is enough to supply about 5 million U.S. homes for a day.

The shutdown on Monday was just the latest of several incidents at the plant since it exited an eight-month outage from June 2022 to February 2023 following a fire.

Since then, at least one liquefaction train at the plant has shut - sometimes several times - every month since April, according to emissions events the company filed with state regulators.

Freeport, meanwhile, continues to take steps to return the plant to full service following the eight-month outage, including the use of both docks at the plant.

In the first phase of its restart efforts, Freeport returned the three liquefaction trains, two LNG storage tanks (Tanks 1 and 2) and a single LNG berth (Dock 1) to service.

When operating at full power, the three liquefaction trains at Freeport LNG can turn about 2.1 Bcf/d of gas into LNG.

 
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