The second-largest U.S. LNG exporter on Aug. 3 said it reached an agreement with a federal regulator that will allow it to resume some operations at its Quintana, Texas, plant in October.
Freeport LNG shut the plant, which supplies about 20% of U.S. LNG exports, following an explosion and fire on June 8. Its closure helped to push up LNG prices in Europe and Asia and dampen U.S. natural gas prices.
The operator reached a consent agreement with the Pipeline and Hazardous Materials Safety Administration that included corrective measures the company must take to allow it to resume partial operations, it said in a statement.
Freeport LNG is "evaluating and advancing initiatives related to training, process safety management, operations and maintenance procedure improvements, and facility inspections," without detailing the measures planned.
The June explosion was caused by an over-pressurized pipeline, officials have said. Full operations at the Texas Gulf Coast facility are not slated to resume until the end of the year.
The initial restart will include three liquefaction trains, two LNG storage tanks and one LNG loading dock. The restart will enable the plant to deliver roughly 2 Bcf/d of LNG, enough for existing long-term customer agreements, the company said.
2022-09-30 - Increasing grid resilience will help reduce the impacts of climate change events by helping to better withstand and recover from disruptions, writes Dr. Denis Phares, CEO of Dragonfly Energy Corp.
2022-09-30 - “We share the view that the future of energy is lower carbon and expect this offset-paired cargo to be the first of many as we leverage our capabilities, assets, and customer relationships to deliver energy solutions to a growing world,” Chevron U.S.A.'s John Kuehn said.
2022-09-30 - Both contracts rose by more than $1 earlier in the session but dropped on news that OPEC’s oil output rose in September to its highest since 2020, surpassing a pledged hike for the month, according to a Reuters survey on Sept. 30.
2022-09-30 - In a speech to mark the annexation of four Ukrainian regions invaded by Russian forces, Putin offered no evidence for the claim. Russia has previously said the U.S. would profit from attacks on Europe’s energy infrastructure.
2022-09-30 - OPEC has pumped 29.81 million bbl/d of oil this month, the survey found, up 210,000 bbl/d from August and the highest since April 2020.