Freeport LNG Shutdown Cuts Demand for U.S. Gas, Sending Prices to Six-Week Low

A liquefaction train at Freeport LNG in Texas is offline through late August, reducing feedgas demand just when summer cooling should absorb supply. Traders are pricing this structural loss, pushing July futures below $3 per million BTU. The price drop reflects a time-bound supply interruption rather than weakness in summer demand itself.