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Business InsiderAPR 3 2022
The explosion in Texas puts pressure on Europe. If the disruption at Freeport's LNG plant is longer than three weeks, things could get challenging in the region. This is the time when Europe is trying to boost inventory through LNG imports for next winter, anticipating potential Russian pipeline disruptions.
This disaster puts pressure on the US. Washington has tried to promote itself as among the solutions to the global energy market squeeze while the EU weaned itself from Russian oil. This explosion shows the fragility of the US strategy and vision.
This disaster affects vulnerable communities the most. The explosion has heightened fears of pollution and other impacts in nearby communities and serves as the latest example of the threat the booming LNG industry poses to the environment. The people in nearby communities shouldn't have to live in fear just so gas executives can get rich.