LSEG data shows that Freeport LNG is on the way to resuming full production.

Freeport LNG in Texas will resume full production Monday after an outage Sunday, according to the company.

Freeport LNG said on Monday that it was "in the process" of increasing production rates. LSEG data shows that Freeport, which is the third-largest LNG producer in the U.S.?was pulling 1.2 bcf of natural gas on Monday to be converted into LNG. The plant is capable of handling around 2 bcfd and was only using 600 million cubic foot on Sunday.

The company reported on Sunday that the problem with the facility utility system caused the immediate shutdown of Trains 1, 2 and 3.

Natural gas reached a three-year-high?of $21 per mmBtu in Europe at the Dutch Title Transfer Facility benchmark and a near two-year-high?of around $16 in Asia at the Japan-Korea Benchmark?benchmark.

The U.S. has the greatest capacity to cover the lost production in Qatar due to the conflict in the Middle East. Reporting by Curtis Williams, Houston; Editing and production by Mark Porter and Chizu nomiyama

(source: Reuters)