Texas
Fire Knocks Out Billionaire-Owned Natural Gas Export Plant In Texas, Nation’s Second-Biggest
Michael S. Smith of Freeport LNG, March 2021.
A fireplace Tueday at Freeport LNG, close to Galveston, Texas, has knocked out America’s second-largest liquefied pure gasoline export facility for not less than three weeks. In response to a spokeswoman, no staff or contractors have been injured within the incident, which despatched black smoke into the sky earlier than being introduced underneath management. As information of the outtage unfold Tuesday afternoon, pure gasoline costs plummeted by a greenback, to round $8.10 per thousand cubic toes.
The sprawling plant on Quintana Island, 90 minutes south of Houston, turned operational in 2021 and had been exporting 2 billion cubic toes per day of pure gasoline, a couple of sixth of whole LNG exports.
Freeport LNG is majority owned by billionaire Michael S. Smith, who spent 20 years constructing the plant, which was on observe this 12 months to export some 15 million tons of LNG, the power equal of about 130 million barrels of oil.
Smith operates the ability form of like a tollroad — offtakers together with BP, Osaka Gasoline, Jera, SK Vitality have signed long-term contracts to take a sure variety of tanker cargoes per 12 months from Freeport, in return for set charges. Buying and selling home Trafigura has a shorter-term contract for five% of LNG manufacturing. Freeport’s revenues are on the order of $2.5 billion per 12 months. The plant price roughly $14 billion to construct, and carried $13 billion in mission finance debt upon completion final 12 months.
I reported this characteristic on Freeport final 12 months, and caught up with Smith a pair months in the past for a brand new journal characteristic on the world’s mounting power disaster. He stated he has been amazed on the rampant demand this 12 months for American LNG, particularly from European consumers trying to exchange provides of Russian gasoline. “It was like somebody turned on a lightswitch how many individuals need U.S. LNG,” he stated. The vacation spot of cargoes leaving Freeport had shifted dramatically in latest months, flipping from 75% of tankers heading to Asia to almost 80% now going to Europe. Sadly America’s LNG exports are maxxed out in the meanwhile. “I don’t assume there’s an LNG operator on the earth who’s not producing each molecule they will,” stated Smith on the time.
Element of the Freeport LNG liquefaction plant.
There are three gasoline liquefaction “trains” at Freeport, and room to construct a fourth, which Smith has been contemplating. He’s been in early discussions about discovering prospects and companions to assist finance a Practice 4, which might price upwards of $5 billion for five million tons per 12 months of liquefaction capability. Smith stated that price inflation, particularly in metal, might make an growth 25% dearer than the sooner phases. “We have to know what the ultimate prices will likely be.”
Within the quick time period his consideration will likely be on getting the plant repaired and as soon as once more transport gasoline to Europe, which might face a scarcity of gasoline subsequent winter with no possibility however to ramp up the usage of coal. Subsequent winter in Europe “just isn’t a reasonably image,” stated Smith. “In Germany they’ll be burning lignite.”
Herriman, Utah (June 30, 2024) – North Texas SC (8-1-5, 33 points) obtained its fifth road win of the 2024 MLS NEXT Pro season after defeating Real Monarchs (4-9-1, 14 points) 2-1 from Zions Bank Stadium. Second half goals from Enes Sali and Isaiah Parker sealed the comeback win for North Texas.
FIRST WIN IN THE GARBINI ERA
Interim head coach Michel Garbini earned his first win since being appointed interim head coach on June 11. Garbini made his North Texas SC interim head coach debut on June 22 in North Texas’ 3-3 draw versus Austin FC II.
NORTH TEXAS HEAT
With tonight’s 2-1 win over Real Monarchs on the road, North Texas SC is on a six-game unbeaten streak (5-0-1). The team has scored 16 goals and conceded only six in the last six matches since starting the unbeaten run.
THREE IN A ROW
Forward Enes Sali scored his fifth goal of the season in the 63rd minute of the match via a penalty kick. Sali is the first North Texas SC player to score in three consecutive matches this season. Two of the three goals scored were away from home.
PARKER FLYING DOWN THE WING
FC Dallas 2022 SuperDraft Pick Isaiah Parker netted his first goal of the 2024 season. Parker’s last goal for North Texas was on September 3, 2022, against MNUFC2 in a 2-1 win. He became the eighth different goal scorer for North Texas SC this season.
JUNE RECORD
North Texas SC finished the month of June unbeaten with a 3-0-1 record. The three wins came on the road and the draw at home. North Texas holds an all-time record of 11-5-4 when playing in June since 2019.
UP NEXT: KICKING JULY OFF BY HOSTING THE TWOSIES
North Texas SC hosts MNUFC2 on Wednesday, July 3, at Choctaw Stadium. The match kicks off at 7:45PM CT and will be available to watch on MLS Season Pass on Apple TV.
BRYAN, Texas (KBTX) – Texas A&M baseball is set to hire Washington head coach Jason Kelly as its next pitching coach, as first reported by The Eagle.
Kelly’s hire comes hours after former pitching coach Michael Earley signed to become the Aggies’ head coach.
Other reports are out that A&M is targeting Texas pitching coach Caleb Longley to join the staff.
Kelly spent the past two years as the head coach for the Huskies after seven seasons as the Huskies’ pitching coach.
In Kelly’s first season at the helm of the UW program, Washington had a 17-12 league record was good for third in the standings. The Huskies garnered a 35-20 overall record, earning the 12th NCAA Regional bid in program-history. The 35 wins were the second most by a first-year head coach for the Huskies.
Six players from Kelly’s inaugural UW squad were selected in the 2023 MLB Draft, the second time Washington has had at least five players drafted since 2014. Kiefer Lord, taken 86th overall by the Baltimore Orioles, became the highest-drafted Husky since 2015. Case Matter (Texas Rangers), Stu Flesland III (Colorado Rockies), Johnny Tincher (Cleveland Guardians), Will Simpson (Oakland Athletics) and Coby Morales (New York Yankees) also heard their names called.
In 2024, Washington had a 19-31-1 record and missed the postseason.
Copyright 2024 KBTX. All rights reserved.
Texas Longhorns quarterback Arch Manning is set to begin the 2024 college football season as the backup to Quinn Ewers. More than likely, fans will have to wait until next season to see him in action.
Despite being a backup quarterback, Manning is one of the most popular names across the nation.
A lot of his popularity comes from him being the nephew of former NFL superstars Peyton and Eli Manning. However, he has also shown massive potential for the future.
Many fans are curious about just how much the young Manning works with his uncles. Peyton Manning, especially, is viewed as one of the greatest quarterbacks to ever play football.
In a recent quote during the Manning Pass Academy, Peyton opened up about his relationship with Arch.
“I’m well-documented on how proud we are of Arch. I try to be a resource to him. He and I worked out several weeks ago together.”
Clearly, Peyton has been a key mentor for the young quarterback. While he has been a mentor and a resource, he doesn’t seem to be taking a very active role in Arch’s development.
At this point in time, no one knows exactly what to expect from Manning’s future. Until he’s on the field and playing, no one knows if he will live up to the hype.
Even though he hasn’t played much as a college football player, he has found plenty of success.
His success has come off-the-field, in the form of the NIL market.
Right now, Manning ranks No. 3 among all NIL athletes. The only two athletes ahead of him are Shedeur Sanders and Livvy Dunne.
Currently, the young quarterback has received an NIL valuation of $2.8 million. That is an insane number for a player who has only thrown five passes as a college quarterback.
All of that being said, Manning is staying ready for an opportunity to play. He knows it likely won’t be this season, but he’s one injury or a slow start from Quinn Ewers away from possibly seeing playing time.
Expect to see the young quarterback continue racking up impressive NIL money. He has stayed the course and has handled his situation perfectly. A bright future awaits him with the Longhorns when his number is finally called.
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