Oil Price The Biden administration’s decision to pause approvals of new licenses to export liquefied natural gas (LNG) is making major waves both at home and internationally. While there is much hand-wringing about the economic implications of the deal for the United States and its energy trade partners, at least one man, Canadian Energy Minister Jonathan Wilkinson, sees an opportunity for his
World Oil (Bloomberg) – The chief executive officer of the country’s largest producer of natural gas dismissed the Biden administration’s move to freeze new liquefied natural gas (LNG) exports as a political stunt, telling House lawmakers during a hearing Tuesday that the decision was designed to secure support at the ballot box. “Let’s call this what it is: the Biden
Oil Price Assistant U.S. Secretary for Energy Resources Geoffrey Pyatt has told reporters that U.S. allies have been reassured that the Biden Administration’s pause on LNG will not affect currently permitted exports. “I’ve found that our allies who raise these issues with me, tend to be quickly reassured when you explain to them what this is, which is a pause,”
World Oil (WO) – Energy Workforce & Technology Council (EWTC) joined the Independent Petroleum Association of America (IPAA), US Oil and Gas Association (USOGA), National Ocean Industries Association (NOIA), Texas Alliance of Energy Producers and Gulf Energy Alliance today in urging Congress to take immediate legislative action to counter the Biden administrations’ recent decision to halt LNG permits. The legislation,
World Oil (Bloomberg) – Senator Joe Manchin blasted the Biden administration’s move to halt the approval of new licenses to export U.S. liquefied natural gas (LNG) and vowed to use his power as the chairman of the Senate Energy and Natural Resources Committee to investigate. “If the Administration has the facts to prove that additional LNG export capacity would hurt
Nasdaq WINNIPEG, Manitoba – U.S. President Joe Biden’s decision to pause expansion of American liquefied natural gas (LNG) exports has raised pressure from environmental groups on the British Columbia and Canadian governments to do the same, although following suit may be politically difficult. British Columbia (B.C.) will hold an election in October, and its left-leaning New Democrat government is expected to
Nasdaq WASHINGTON – President Joe Biden paused approvals for pending and future applications to export liquefied natural gas from new projects on Friday, a move cheered by climate activists that could delay decisions on new plants until after the Nov. 5 election. The Department of Energy (DOE) will conduct a review during the pause that will look at the economic
World Oil (WO) – The American Petroleum Institute (API) released a statement from President and CEO Mike Sommers on new reports that the Biden administration is moving forward with plans to disrupt the development of U.S. LNG terminals. “This would be a win for Russia and a loss for American allies, U.S. jobs and global climate progress. There is no
Oil Price The Iran-aligned Houthis fired late on Thursday two anti-ship ballistic missiles at a U.S.-owned chemical tanker in the Red Sea, the U.S. Central Command said in what it described as the third Houthi attack on a commercial vessel in three days. On Thursday evening local time, the Houthis launched two anti-ship ballistic missiles at the chemical tanker M/V Chem Ranger.
Nasdaq WASHINGTON – The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with environmentalists saying the facility would undermine U.S. climate goals and business interests arguing it is essential for global energy security. The Federal Energy Regulatory Commission, a panel of three regulators, is expected to vote in weeks or months on
World Oil (Bloomberg) – The recent freeze across Texas and Louisiana disrupted scheduled exports of U.S. liquefied natural gas (LNG), temporarily tightening some supply of the heating and power-plant fuel. The Cameron LNG export plant in Louisiana canceled at least one scheduled shipment, according to people familiar with the matter. Several other planned deliveries from Cameron and Cheniere Energy Inc.’s
World Oil (WO) – Mexico Pacific has signed a third long-term Sales and Purchase Agreement (“SPA”) with ExxonMobil LNG Asia Pacific (“EMLAP”) for an additional 1.2 MMtpa of liquefied natural gas (“LNG”) from Train 3 of Mexico Pacific’s Saguaro Energia project located on the west coast of Mexico. The volume originates from the option under the separate LNG SPAs executed
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