Freeport LNG Plannining on Year End Startup…. Does anyone here with a basic knowledge of controls instrumentation procedures actuall belief in this explantion? I would like to know how Freeport was compensated for their financial losses. insurance claim? A huge amount of NG remained stateside which added to Europe's woes. Sure helped to keep the price down and add to stockpiles in the good old US. Must be government luck I guess.
"The 15 million tonne-per-year export terminal has been offline since June after suffering damage from an explosion caused by “isolation of a piping segment containing cryogenic LNG without proper overpressure protection, which LNG then warmed and expanded due to exposure to ambient conditions, resulting in a boiling liquid, expanding vapor explosion…and the rupturing of the piping segment,” according to a Freeport statement from earlier this month."