Natural gas plummets as Freeport delays facility restart following explosion


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…


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