The global energy market is experiencing strain following an explosion at the Freeport LNG plant in Texas. Texas natural gas production facility. The explosion occurred on Wednesday morning, at the Texas natural gas production facility, at about 11:40 a.m.
The circumstances leading up to the plant explosion are still being investigated, but Texas officials state that they believe a fire broke out at the Freeport LNG export facility.
A voluntary evacuation was issued for Quintana residents, and ship traffic was restricted for several hours. Fortunately, no one was injured, and the company spokeswoman reported that all of the workers have been accounted for.
The plant is one of the largest in the world, and is estimated to handle approximately one fifth of U.S. natural gas processing. Company officials stated that the explosion could leave the natural gas liquefaction facility offline for more than three weeks.
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