US oil and gas exports severely disrupted by Hurricane Laura
Oil and gas exports from the United States have been severely disrupted by Hurricane Laura, with nearly a million barrels per day (bpd) of crude exports likely reduced this week by closures of US Gulf Coast terminals and disruptions at ports.
The hurricane also temporarily suspended operations at several liquefied natural gas (LNG) facilities in the world’s third largest exporter of the super-cooled gas, with shipments on track to fall to their lowest in 18 months.
Laura made landfall early Thursday near the Texas-Louisiana border, one of the most powerful storms to ever hit the region, and raced north.
Ports of Lake Charles, Beaumont and Port Arthur remained closed on Thursday, according to the US Coast Guard.
