Factbox: Freeport LNG plant shutdown and main buyers at risk – Reuters

Factbox: Freeport LNG plant shutdown and main buyers at risk – Reuters

LONDON, June 9 (Reuters) – Freeport LNG, operator of Definitely one of many hugest U.S. export crops producing liquefied pure gasoline (LNG), will shut for A minimal of three weeks following an explosion at its Texas Gulf Coast facility, elevating The hazard of gasoline scarcitys in Europe.

The plant, which provides round 20% of U.S. LNG course ofing, introduced the shutdown late on Wednesday after appelevating damage to The huge facility.

On Thursday, European gasoline prices rose by As a lot as a fifth as retailers feared misplaced U.S. shipments would stress a market alstudyy Battling lowered Russian provides. study extra

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Source: https://www.reuters.com/business/energy/freeport-lng-plant-shutdown-main-buyers-risk-2022-06-09/

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