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    market news

    Explosion at Washington LNG Facility Causes Safety Concerns

    Teresa Matich
    Apr. 07, 2014 10:04AM PST
    Oil and Gas Investing

    Reuters reported on a significant blast that took place last Monday at Williams Co Inc’s Liquid Natural Gas plant in rural Washington. The explosion forced an evacuation and injured some workers, sparking discussion among LNG opponents and energy experts regarding safe handling of the fuel.

    Reuters reported on a significant blast that took place last Monday at Williams Co Inc’s Liquid Natural Gas plant in rural Washington. The explosion forced an evacuation and injured some workers, sparking discussion among LNG opponents and energy experts regarding safe handling of the fuel.

    As quoted in the publication:

    The Monday incident at Williams Co Inc’s massive gas storage site is a rare safety-record blemish among the dozens of U.S. LNG plants and storage sites, including towering tanks in packed neighborhoods of New York City, and near Boston.

    BNP Paribas Natural gas market strategist, Teri Viswanath, told Reuters:

    This type of event raises the public’s awareness that we’re dealing with a combustible commodity.

    Click here to read the full Reuters article.

     

    gas marketnatural gas marketmarket newsgas storagebnp paribas
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