LNG

Source: World Oil

Oil trade groups file petition against Biden administration over LNG ban

World Oil


(Bloomberg) – Top oil industry lobbying groups set the stage for a potential lawsuit challenging the Biden administration’s pause in approving new liquefied natural gas (LNG) exports.

In a petition filed Monday with the Energy Department, the American

February 27, 2024 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, LNG, Regulatory
Source: Oil Price

New expansion project could give Qatar 25% share of global LNG supply

Oil Price


Qatar could squeeze out rival LNG supply, including from the current top exporter, the United States, and could end up controlling 25% of the global LNG supply by 2030 after it announced a new major expansion project days …

February 27, 2024 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, LNG
Source: Reuters

Woodside Energy expects a 50% increase in LNG demand by 2034

Oil Price


Woodside Energy expects demand for liquefied natural gas to increase by 50% over the next ten years driven by Asia, Bloomberg has reported, citing chief executive Meg O’Neill.

“We’re seeing signs of that demand growth in emerging …

Source: Reuters

Shell earned $2.4 billion from LNG trading in Q4

Oil Price


Shell earned $2.4 billion from LNG trading in the fourth quarter amid strong demand for the fuel ahead of the winter, with LNG trades contributing to almost a third of its Q4 adjusted earnings, Reuters reported on Friday, …

February 23, 2024 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance, LNG
Source: Reuters

US House to vote on bill to reverse Biden’s LNG pause

US News


WASHINGTON – The U.S. House was expected to vote on Thursday on a bill that attempts to strip the power of President Joe Biden’s administration to freeze approvals of liquefied natural gas exports.

If it passes the Republican-controlled

Source: World Oil

Chesapeake Energy CEO: Biden’s LNG ban to hurt consumers, environment, U.S. allies

World Oil


(Bloomberg) – The Biden administration’s pause on new licenses to export liquefied natural gas (LNG) will hurt consumers, the environment and U.S. allies, according to the head of one of the country’s top gas producers.

“It works counter …

February 9, 2024 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, LNG, Politics
Source: Reuters

Shipping giants warn of worsening Red Sea security situation

Oil Price


Security threats to commercial shipping in the Red Sea are not abating, they are escalating instead, and disruptions to maritime trade are expected to last up to a year, according to some of the biggest shipping companies in …

Source: World Oil

House committee to probe Biden’s LNG export freeze

World Oil


(Bloomberg) – A House committee is probing the Biden administration’s decision to pause liquefied natural gas (LNG) export approvals, asking the Energy Department to justify why a moratorium on project approvals is needed while the agency conducts a …

February 8, 2024 - 10:35 am Closing Bell Story‎, Energy News, LNG, Political News, Politics
Source: Oil Price

Canada looks to capitalize as U.S. pauses LNG export licenses

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 …

Source: Reuters

Natural gas producer EQT CEO dismisses Biden’s LNG freeze as political stunt

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 …

Source: Oil Price

LNG “Pause” is not a “Reversal”, Biden admin reassures allies

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 …

Source: World Oil

Energy trade groups urge Congress to counter Biden’s LNG ban with new legislation

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 …

Source: World Oil

Senator Joe Manchin vows to investigate Biden’s LNG export license plan

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 …

Source: Reuters

US pause on LNG exports raises pressure on Canada, BC to do same

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 …

January 29, 2024 - 12:30 pm Canada, Canada News, Closing Bell Story‎, Crude Oil News, Energy News, LNG
Source: Reuters

Biden pauses approval of LNG projects after pressure from climate activists

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. …

January 26, 2024 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, LNG, Regulatory
Source: World Oil

API: Biden’s restrictive LNG plan a “win” for Russia, loss for global energy security

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 …

January 25, 2024 - 12:01 pm Closing Bell Story‎, Crude Oil News, Energy News, LNG
Houthis target U.S.-owned tanker in Red Sea

Houthis target U.S.-owned tanker in Red Sea

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 …

Source: Reuters

Biden administration taking heat from all sides over Louisiana LNG project

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 …

Source: World Oil

Deep freeze across Texas, Louisiana disrupts U.S. LNG exports

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 …

ExxonMobil, Mexico Pacific to bring Permian gas to global markets with third LNG deal

ExxonMobil, Mexico Pacific to bring Permian gas to global markets with third LNG deal

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 …

Source: Reuters

How fracking helped the U.S. become the world’s top LNG exporter

Oil Price


In 2003, the late author and investment banker Matther Simmons predicted that with “certainty,” by 2005 the U.S. would enter a long-term natural gas crisis for which the only solution was “to pray.” T. Boone Pickens and a …

Source: Reuters

EQT announces tolling agreement with Texas LNG

Oil and Gas 360


January 11, 2024
PITTSBURGHJan. 11, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT” or the “Company”) today announced it has entered into a Heads of Agreement (“HOA”) for liquefaction services from Texas LNG’s facility
Source: Reuters

U.S. becomes top LNG exporter following restart of Texas’ Freeport LNG facility

World Oil


(Bloomberg) – The U.S. has become the world’s biggest exporter of liquefied natural gas (LNG) for the first time, with 2023 shipments overtaking leading suppliers Australia and Qatar.

The U.S. exported 91.2 million metric tons of LNG in …

Source: World Oil

Russia begins production from Arctic LNG 2 project despite U.S. sanctions

World Oil


(Bloomberg) – Russia’s biggest liquefied natural gas (LNG) producer began production at its Arctic LNG 2 project — despite U.S. sanctions — in a move that could provide some relief to the tight global market for the fuel.…

January 2, 2024 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, LNG, Russia
Source: Reuters

ANALYSIS-Russia faces mighty obstacle in western LNG sanctions

Nasdaq


SINGAPORE/MOSCOW- (Reuters) – U.S. sanctions pose a major obstacle to Russia’s plans to increase exports of seaborne liquefied natural gas (LNG) to offset the decline in pipeline gas exports to Europe, analysts said, as expectations mount of delays to …

December 28, 2023 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, LNG, Russia
Source: Reuters

Cheniere and Foran Energy Group sign long-term LNG sale and purchase agreement

Oil and Gas 360


20-Year SPA is First Contract Expected to Support Second Train of Sabine Pass Expansion Project

HOUSTON–(BUSINESS WIRE)– Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that Cheniere’s subsidiary, Cheniere Marketing, LLC (“Cheniere …

November 29, 2023 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance, LNG
Source: Reuters

TC Energy beats third-quarter profit estimates on high LNG demand

Nasdaq


Pipeline operator TC Energy TRP.TO on Wednesday beat third-quarter profit estimates, as it gained from transporting higher volumes of liquefied natural gas.

The company reported an adjusted profit of C$1.00 ($0.7262) per share for the quarter ended Sept. 30, …

Source: Reuters

Energy giants’ LNG trading results reveal diverging regional bets

Nasdaq


LONDON – Energy giants offered a rare glimpse into their liquefied natural gas (LNG) trading strategies in recent days, with Shell’s and TotalEnergies’ bets on rising Asian demand paying off while BP’s bet on a European deficit turned sour.…

Source: Reuters

New natural gas investments are crucial to prevent price shocks

Oil Price


Unprecedented uncertainty in natural gas demand and policies and low levels of investment in new production risk creating fresh energy crises and undermining energy security and climate goals as it would stall the move away from coal, the …

Source: Reuters

Tellurian asks for three-year extension to complete its driftwood LNG facility

Oil Price


Tellurian has applied for a three-year construction permit extension with the Federal Energy Regulatory Authority to complete the construction of the Driftwood LNG facility. The Driftwood LNG plant, currently under construction, would be one of the biggest in