# U.S. regulator releases report blaming Freeport LNG blast on inadequate processes

> A US regulator released a report blaming the Freeport LNG explosion on inadequate processes. The June blast at the Texas Gulf Coast plant, the second-largest in the US, previously contributed to global LNG price spikes.

- Date: 2022-11-15 · published 2022-11-15T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/38860-u-s-regulator-releases-report-blaming-freeport-lng-blast-on-inadequate-processes
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The report bears on when Freeport can safely resume, which affects how much US LNG export capacity returns and thus global gas supply tightness.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2019-05-13 | [IGU releases ‘2019 Wholesale Gas Price Survey’ \| LNG Industry](https://feedsoft.ai/events/59271-igu-releases-2019-wholesale-gas-price-survey-lng-industry.md) | -0.3% | -9.2% |
| NATGAS | 2021-05-18 | [Clear skies for now, but a storm on the horizon: What does recent pricing volatility say about future Gulf Coast gas markets? Report \| Wood Mackenzie](https://feedsoft.ai/events/47271-clear-skies-for-now-but-a-storm-on-the-horizon-what-does-recent-pricing.md) | -7.1% | +7.4% |
| NATGAS | 2023-12-17 | [International Fertilizer Price Report: Nov 2023 Updates and Analysis -](https://feedsoft.ai/events/33042-international-fertilizer-price-report-nov-2023-updates-and-analysis.md) | +4.4% | +16.2% |
| NATGAS | 2018-08-07 | [Quarterly report – Natural gas prices - Cedigaz](https://feedsoft.ai/events/63719-quarterly-report-natural-gas-prices-cedigaz.md) | +2.5% | +1.3% |
| NATGAS | 2018-06-28 | [Global Natural Gas Prices Converged More in 2017 as Use of LNG Spot Prices Increased](https://feedsoft.ai/events/64716-global-natural-gas-prices-converged-more-in-2017-as-use-of-lng-spot-prices.md) | -4.3% | -6.8% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/freeport-lng-provides-no-timeline-texas-export-plant-restart-2022-11-15/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.