TADEAS:
Freeport, one of the largest US plants exporting liquefied natural gas, exploded on Wednesday.
Freeport represents a critical piece of infrastructure in Europe's divestment from Russian oil. Yet this story is almost no where in the mainsteam news, so let's dig in.
Freeport is represents over 20% of US natural gas exports. A ten billion plus+ capex project, the plant processes two billion cubic feet a day of pipeline-quality natural gas.
the plant spits off $7.4b in revenue yearly. 80% of its shipments are direct to Europe
As Europe attempts to divest from Russian oil, it becomes increasingly reliant on the constant stream of cargo ships from ports like Freeport.
LNG is the key to energy independence for western europe, and is crippled if we continue to lose infrastructure like freeport.
https://twitter.com/WillManidis/status/1536347704938229767/photo/1https://t.co/uMBEQKGxqW