Texas Energy Sector Starts Recovery After Hurricane Beryl 🌪️

Energy companies in Texas are beginning the recovery process after Hurricane Beryl made landfall earlier this week. The hurricane, which at one point was the earliest Category 5 storm on record, had weakened to a Category 1 by the time it struck the U.S. Gulf Coast in Texas.
Here are the key updates:
Natural Gas Flows:
Ahead of Hurricane Beryl, natural gas flows to Freeport LNG's export plant in Texas fell close to zero on Sunday. This disruption was part of a broader precautionary measure by energy firms in anticipation of the storm.
Power Outages:
On Monday, two million Texans were left without power as Beryl made landfall near Houston. CenterPoint Energy, a major power provider, reported that the hurricane "delivered a powerful blow" across its service area. The company expects to restore power to 1 million customers by the end of Wednesday, July 10.