This news is a week old. The latest word is that the Freeport LNG facility is sufficiently damaged that it will be at least three months before it returns to partial operation. The peculiar detail...
This news is a week old. The latest word is that the Freeport LNG facility is sufficiently damaged that it will be at least three months before it returns to partial operation.
The peculiar detail is that the closure may temporarily stabilize or lower U.S. natural gas prices since a substantial amount can't be liquefied for export. The accident is still being investigated, but it's believed to have been caused by a transient overpressure in a transfer line.
Not to speculate too much in advance of the facts, but this is a scenario that's been modeled for attacks on SCADA systems.
It's unfortunate that there was an event at a shipping terminal for the largest liquified natural gas company in the USA right as the need for LNG is at record highs due to Europe's intention to...
It's unfortunate that there was an event at a shipping terminal for the largest liquified natural gas company in the USA right as the need for LNG is at record highs due to Europe's intention to avoid the need for Russian oil. I'm not saying this was sabotage, but any downturn in LNG shipping capacity right now is particularly useful for Russia.
This news is a week old. The latest word is that the Freeport LNG facility is sufficiently damaged that it will be at least three months before it returns to partial operation.
The peculiar detail is that the closure may temporarily stabilize or lower U.S. natural gas prices since a substantial amount can't be liquefied for export. The accident is still being investigated, but it's believed to have been caused by a transient overpressure in a transfer line.
Not to speculate too much in advance of the facts, but this is a scenario that's been modeled for attacks on SCADA systems.
It's unfortunate that there was an event at a shipping terminal for the largest liquified natural gas company in the USA right as the need for LNG is at record highs due to Europe's intention to avoid the need for Russian oil. I'm not saying this was sabotage, but any downturn in LNG shipping capacity right now is particularly useful for Russia.