Smoke billows from the Freeport LNG plant in Quintana, Texas, U.S., June 8, 2022, in this still image obtained from a social media video on June 9, 2022.
Maribel Hill | Reuters
Natural gas prices plunged on Tuesday, after Freeport LNG said its facility that had a fire last week likely won’t be back up and running soon.
“[C]ompletion of all necessary repairs and a return to full plant operations is not expected until late 2022,” the company said Tuesday in a statement. The facility, located in Quintana Island, Texas, had an explosion last Wednesday.
“Given the relatively contained area of the facility physically impacted by the incident, a resumption of partial operations is targeted to be…