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Freeport LNG Nears Partial Restart, but Hurdles Remain

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October 21, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Freeport LNG's (Houston, Texas) liquefied natural gas (LNG) production and export plant in Texas is aiming to have more than 85% capacity back online in November. However, the company still must clear hurdles from the U.S. Pipeline Hazardous Materials and Safety Administration (PHMSA) before the restart.

The Freeport plant, which can process 2 billion cubic feet per day of natural gas and export up to 15 million metric tons of LNG per year, suffered an explosion and fire June 8, forcing the plant to shut down. Repair works have been ongoing since that time, with the aim for a partial restart later this year.

Companies featured: Berkshire Hathaway (NYSE:BRK.A)

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Industry Segment: Production
Word Count: 651 Words
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