You are correct that LNG isn't just Freeport, but when you are trading HH or NG or any US based product, global lng prices only really matter if we have to price for turnback. Which we won't this year. Next year there is already about 11 days of turnback probability priced in. Please take a shot on if that is over or under lol.

If you want to bet on global lng markets, trade TTF or something