In other LNG news, a terminal on the Texas coast will be shut down for weeks or perhaps months due to a fire.
https://www.click2houston.com/news/local/2022/06/14/freeport…
FREEPORT, Texas – Freeport LNG has released details on what led to a fire at the liquefaction plant on Quintana Island in early June.
In June 8, an incident around 11:30 a.m. resulted in the release of liquefied natural gas, leading to the formation and ignition of a vapor cloud and subsequent fire at the facility.
The company said no injuries were reported and, at no time, was there a threat to the surrounding community.
Natural gas prices dropped on the news.
https://www.cnbc.com/2022/06/14/natural-gas-plummets-as-free…
Natural gas prices plunged on Tuesday, after Freeport LNG said its facility that had a fire last week likely won’t be back up and running soon.
“[C]ompletion of all necessary repairs and a return to full plant operations is not expected until late 2022,” the company said Tuesday in a statement. The facility, located in Quintana Island, Texas, had an explosion last Wednesday.
- Pete