US natural gas prices plunge after reports of an explosion at LNG facility

US natural gas prices plunged after police reports of an explosion at the Freeport LNG natural gas facility near Freeport, TX.

Emergency crews are responding and the company said there are no reports of injuries and all personnel have been accounted for.

The three trains at the facility liquefy about 2 billion bfc per day for export. If it were to go offline that gas would be added to US supply.

In turn, it would mean less supply for Europe and Asia.

Update: There's some video appearing now. It certainly doesn't look catastrophic but there's going to be at least a bit of downtime.

/EUR EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term