European Natural Gas Prices Soar by Almost 40% After Fire at Key U.S. Export Terminal
June 9th, 2022Pretty interesting timing…
Via: Business Insider:
Natural gas prices surged across Europe on Thursday after a fire broke out at a key US export hub, putting further pressure on already tight global supply.
The Freeport liquefied natural gas export facility in Quintana, Texas will remain closed for at least three weeks after Wednesday’s explosion, a company spokesperson said. The terminal accounts for nearly a fifth of all US overseas gas shipments, according to Bloomberg. The US supplies almost half of Europe’s LNG.
