Reuters: Freeport LNG plant to shut for 3 weeks following explosion

Freeport LNG, operator of one of the largest US export plants producing liquefied natural gas (LNG), will shut for at least three weeks following an explosion at its Texas Gulf Coast facility.

Report informs, citing Reuters that the fire roiled US natural gas markets on Wednesday and the impact is likely to spread through Europe and Asia markets, analysts said.

Freeport LNG, which provides around 20% of US LNG processing, disclosed the shutdown late on Wednesday after appraising damage to the massive facility.