Economy

In Midst of Energy Crisis, Mysterious Explosion in Texas Takes One of World’s Largest Fuel Plants Offline


Oh, great– another addition to the energy crisis.

One of the world’s largest natural gas liquefaction plants suffered an explosion on Wednesday.

The cause of the blast is not known, but the Freeport LNG plant on Quintana Island — about 70 miles south of Houston — will be out of service for at least three weeks, the Houston Chronicle reported.

That’s especially bad news for Britain and other areas of Europe since the plant is a major exporter to those regions and they’re especially dependent as they struggle to get themselves off Russian oil following the invasion of Ukraine, according to The Washington Post.

Europe also gets 40 percent of its natural gas from Russia, with the U.S. being the world’s largest exporter of the commodity.

KHOU said there were reports of rolling thunder stemming from the explosion, with smoke seen billowing up from the facility. There were no injuries, according to a company spokeswoman.

As a precaution, authorities evacuated people near the plant. Later, only local residents could return, with the area closed to visitors.

A long suspension of the LNG facility’s production could affect world energy prices, especially with the usual summer demand increases.

Read the full article below:

In Midst of Energy Crisis, Mysterious Explosion in Texas Takes One of World’s Largest Fuel Plants Offline

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