LNG

Source: Reuters

Texas LNG sells half of capacity from upcoming Brownsville facility following Biden’s LNG export ban overturning

World Oil


(WO) – Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition, LLC, has signed a non-binding Heads of Agreement (“HOA”) a long-term LNG free-on-board (“FOB”) sale and purchase agreement (“SPA”) for 0.5 MMtpa of LNG from Texas …

Source: Reuters

BREAKING NEWS- Federal judge blocks Biden administration’s LNG export ban

World Oil


(Bloomberg) – A federal judge halted Joe Biden’s temporary moratorium on new licenses for exports of U.S. liquefied natural gas (LNG), though the decision is unlikely to immediately jump start approvals.

U.S. District Judge James D. Cain Jr. …

Source: Reuters

US regulators approve Louisiana LNG plant over climate objections

BOE Report


Federal regulators on Thursday approved a Louisiana liquefied natural gas project that has been a lightning rod for environmental activists and a litmus test for the Biden administration’s energy policies.

The Federal Energy Regulatory Commission voted 2-1 to …

Source: World Oil

Kimmeridge takes control of Commonwealth LNG with former bp executive at the helm

World Oil


(Bloomberg) – Energy-focused private equity firm Kimmeridge is taking a majority ownership stake in the proposed Commonwealth LNG project and naming a former bp Plc executive to lead the venture, marking a major bet on the future of …

Source: Reuters

Texas regulator calls on Biden administration to restart LNG exports to support Ukraine

World Oil


(WO) – Following recent reports that the Biden Administration’s federal moratorium on new liquified natural gas (LNG) export plants is prohibiting Ukraine from purchasing American LNG, Railroad Commissioner Wayne Christian slammed the administration’s policy and called on the …

Source: Reuters

Soaring costs put new U.S. LNG export projects at risk of delays

Oil Price


Surging labor and construction costs are plaguing some major U.S. LNG export projects, threatening to delay new LNG supply to international markets.

Wage growth since 2021, a shortage of skilled workers, and rising costs of materials with the …

Source: Reuters

EU adopts new sanctions against Russia, including LNG

U.S. News


BRUSSELS -European Union countries adopted a 14th package of sanctions on Russia that aims to close some loopholes and hits Russia’s gas exports for the first time, EU foreign ministers said on Monday.

Western powers imposed sweeping sanctions

Source: Reuters

US natgas flows fall to 11-month low at Cheniere Sabine LNG export plant

BOE Report


The amount of natural gas flowing to U.S. liquefied natural gas firm Cheniere Energy’s Sabine Pass export plant in Louisiana was on track to drop to an 11-month low on Friday, according to data from financial firm LSEG.…

Source: Reuters

Russia dethrones U.S. as top EU natural gas supplier

Oil Price


Russia became the biggest supplier of natural gas to Europe last month, for the first time since 2022, replacing the United States at the top spot.

“It’s striking to see the market share of Russian gas and [liquefied …

Source: Reuters

The duo atop the biggest and most contentious US LNG exporter

BOE Report


U.S. liquefied natural gas (LNG) exporter Venture Global LNG this year became one of the country’s largest producers of the superchilled gas and the industry’s most contentious supplier, facing contract claims by six customers.

The duo who founded …

Source: Reuters

Energy Workforce calls for transparency regarding U.S. LNG export pause

World Oil


(WO) — Energy Workforce & Technology Council President Tim Tarpley issued a statement in response to Energy Secretary Jennifer Granholm’s testimony before the U.S. House Committee on Oversight.

During the hearing, Representatives discussed the administration’s ongoing LNG export …

Source: Reuters

The Panama Canal is key to American LNG

Oil Price


Back in March, S&P Global reported that a record 24 cargoes carrying nearly 1.6 million metric tons of U.S. LNG had reached Asia via the Cape of Good Hope in the first three months of 2024, with exporters …

Source: Reuters

US natgas flows to Freeport LNG in Texas rise to 2-month high – LSEG

BOE Report


The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on Sunday in what energy traders said was another sign that the plant was wrapping up a series of outages …

Source: World Oil

Texas LNG sells over half of offtake with additional LNG tolling agreement with EQT

World Oil


(WO) – Texas LNG Brownsville LLC and a subsidiary of Glenfarne Energy Transition, LLC, has signed a second Heads of Agreement (HOA) with EQT Corporation for natural gas liquefaction services for an additional 1.5 MMtpa of LNG over …

Source: Reuters

Shell, TotalEnergies in talks for stakes in ADNOC’s Ruwais LNG plant

World Oil


(Bloomberg) – Shell Plc and TotalEnergies SE are among several global energy companies in talks to buy stakes in Abu Dhabi National Oil Co.’s next liquefied natural gas export project in the United Arab Emirates.

The two oil …

Source: Reuters

LNG pipeline export projects to drive U.S. natural gas trade growth, EIA reports

World Oil


(WO) – In the Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasted that U.S. liquefied natural gas (LNG) exports will keep leading the U.S. natural gas sector as three LNG export projects soon begin operations …

Source: Reuters

Enterprise receives approval to build Texas deepwater oil port as exports soar

World Oil


(Bloomberg) – Enterprise Products Partners overcame the last regulatory hurdle to build a proposed deepwater oil port off the coast of Texas aimed at helping record oil exports to flow to markets in Asia and Europe.

The United …

Source: Reuters

Quitting oil and gas is “enormously naïve,” JP Morgan CEO says following Biden’s LNG export ban

World Oil


(Bloomberg) – Jamie Dimon said U.S. delays of liquefied natural gas (LNG) projects were done for “political reasons” to pacify those who believe oil and gas projects should be stopped — a position he calls “wrong” and “enormously …

Shell sees significantly lower Q1 LNG trading results

Shell sees significantly lower Q1 LNG trading results

Investing


LONDON -Shell said on Friday it expects significantly lower results from its liquefied natural gas trading business in the first quarter of 2024 compared with the previous three months.

In an update ahead of quarterly results on May 2, …

Source: Oil Price

U.S. gas producer optimistic despite very low natural gas prices

Oil Price


Despite multi-year low natural gas prices in the United States, domestic producers continue to be optimistic about the long-term prospects of gas as a fuel, both in America and abroad.

The current oversupply in the U.S. natural gas …

Source: Reuters

Exxon slightly ahead of schedule to double its LNG portfolio by 2030

Oil Price


ExxonMobil is slightly ahead of schedule in its work to double its LNG portfolio by 2030, Peter Clarke, senior vice president for global LNG, has told Reuters in an interview.

In 2020, Exxon said it aims to …

Source: Reuters

CERAWEEK- US should not “flip-flop” on gas export policy- Hess CEO

Yahoo Finance


HOUSTON – The United States should not flip-flop on its gas export policy, Hess CEO John Hess said on Tuesday.

U.S. President Joe Biden’s administration has hit pause on permits for new liquefied natural gas (LNG) export plants …

Source: Reuters

House Republicans launch second probe into Biden’s LNG export ban

World Oil


(Bloomberg) – House Republicans have launched a second probe of the Biden administration’s move to pause liquefied natural gas (LNG) export approvals, questioning if election-year politics played a role in the decision.

The House Committee on Oversight and …

Source: Reuters

U.S. wants Venture Global to explain confidentiality of its LNG project

Oil Price


The Federal Energy Regulatory Commission (FERC) has asked U.S. liquefied natural gas exporter Venture Global LNG to justify why it keeps details of its Calcasieu Pass LNG facility confidential, weeks after customers including BP complained that the U.S. …

March 14, 2024 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, LNG
EQT announces transformative acquisition of Equitrans Midstream

EQT announces transformative acquisition of Equitrans Midstream

Oil and Gas 360


03/11/2024
  • Creates America’s only large-scale, vertically integrated natural gas company prepared to compete on the global stage
  • All stock transaction with combined company enterprise value over $35 billion
  • Provides >2,000 miles of critical pipeline infrastructure with
Source: Reuters

Shell’s LNG trading head to step down weeks after posting $2.4 billion profit

Oil Price


Just weeks after posting $2.4 billion in trading profits from liquefied natural gas (LNG) in the fourth quarter of last year, the long-time head of Shell’s LNG, natural gas and power trading unit, Steve Hill, is stepping down, …

March 11, 2024 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance, LNG
Source: Oil Price

Biden’s pause on new LNG export permits could last for months

Oil Price


The U.S. Administration’s pause on approvals of new LNG export projects could last for several months until the U.S. Department of Energy reviews the grounds for authorizations, a DOE official told Bloomberg in an interview on Friday.

At …

Source: Reuters

EXCLUSIVE-Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects, sources say

Nasdaq


LONDON – Gulf oil giants Saudi Aramco 2222.SE and Abu Dhabi National Oil Company (ADNOC) ADNOC.UL are in talks to invest in U.S. liquefied natural gas projects, as they step up competition with oil majors and regional rival Qatar …

Source: Reuters

EXCLUSIVE-Vitol close to buying Exxon, QatarEnergy stakes in Italy LNG terminal, sources say

Nasdaq


MILAN, March 5 (Reuters) – Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy’s biggest liquefied natural gas import terminal from Exxon Mobil XOM.N and QatarEnergy, two sources with knowledge of the matter said …

Source: Reuters

Low US natgas prices to dampen prospects for Tellurian asset sale

Nasdaq


HOUSTON – Low U.S. natural gas prices will hurt Tellurian Inc’s TELL.A ability to sell Louisiana gas producing properties in order to pay off enough debt to salvage its liquefied natural gas export (LNG) project, analysts said.

Tellurian has …