Reason for dip in the natural gas price - June 8

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dan_s
Posts: 34929
Joined: Fri Apr 23, 2010 8:22 am

Reason for dip in the natural gas price - June 8

Post by dan_s »

This could be the reason for the dip in natural gas prices:
https://www.msn.com/en-us/news/world/in ... ee01ccfba5

The incident occurred at about 11:40 a.m. in the 1500 block of Lamar Street at the facility on Quintana Island, according to Brazosport CAER.

Important Update from member company Freeport LNG: "An incident occurred at the Freeport LNG facility on Quintana Island at about 11:40 am on June 8. An investigation is ongoing and updates will be provided soon."

Police described the incident as "some sort of explosion" and said the building was not under any evacuation.

Surfside Beach Police Department's Marine Division is assisting Port Freeport police and the U.S. Coast Guard on the waterways.
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 34929
Joined: Fri Apr 23, 2010 8:22 am

Re: Reason for dip in the natural gas price - June 8

Post by dan_s »

No one was injured when a tank exploded and caught fire on Wednesday at Freeport LNG near the City of Freeport in Brazoria County, according to emergency officials.

The fire on Quintana Island is now out, Freeport Police Chief Ray Garivey said. The company sounded the "all clear" alarm and reported that no employees or contractors were injured or killed.

The incident occurred around 11:40 a.m., according to the company. Freeport LNG did not specify what burned or for how long. The company said there was no risk to the community, but it was unknown what air monitoring they conducted, if any.

"The incident is currently under investigation and all personnel are responding," the company wrote on Facebook.

Freeport police controlled traffic in the area and the fire department also assisted, Garivey said. He was not aware of any evacuations in place.
Dan Steffens
Energy Prospectus Group
mikelp
Posts: 200
Joined: Thu Jun 12, 2014 10:15 am

Re: Reason for dip in the natural gas price - June 8

Post by mikelp »

Dan
how significant is this event relative to LNG exports, any updates on how long this terminal could be shut down/restart ?
tia
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