Dow Jones Newswires: Twitter spoof contributes to natural-gas price drop; Freeport LNG calls out fake letterhead and ‘false information’ on Twitter

by | Nov 11, 2022 | Stock Market

A major liquefied natural gas exporter in Texas, Freeport LNG, said Friday that statements posted earlier in the day on Twitter and other social media using fake, Freeport-branded letterhead were “false information,” adding it hasn’t issued any recent statements regarding a restart of its liquefaction plant. “Any Tweets and/or posts on Freeport LNG branded letterhead that may have been obtained or published, are reporting false information and are not legitimate, official public information from Freeport LNG,” the company said in a statement on its website.

Privately owned Freeport LNG operates on Texas’s Gulf Coast and is one of seven liquefied natural gas export facilities in the U.S. It had to shut down its plant in June due to an explosion and fire, and hasn’t reopened yet. It said in August that it anticipated an initial restart by early-to-mid November. The Freeport plant’s shutdown reduces total U.S. LNG export capacity by approximately 2 billion cubic feet per day, or 17% of total U.S. LNG export capacity. As such, the shutdown and speculation about when exactly it will restart has been a hot topic in natural gas futures trading markets. That speculation ratcheted up sharpl …

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