Retraction of Freeport’s force majeure leaves traders at a loss

Thursday, 25 August 2022 05:51

Freeport LNG has retracted its force majeure which had left traders having to source product on the spot market at significant losses. The second largest US LNG exporter had declared force majeure in June after an explosion at the plant led to a complete shutdown. Now, the company retracted the notice, blaming ‘human error’. Markets Editor Anja Karl has more.


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