Freeport LNG’s $13.5-billion natural gas liquefaction plant and export terminal in Texas, closed since a June 8 fire and explosion that damaged the facility, said it will not partially reopen until possibly mid-November, and not fully operate until next March—the third delay it has announced.
The Aug, 23 notice of another delay for the facility, which accounts for at least 15% of U.S. LNG exports, caused natural gas futures to fall more than 5%.