Saturday, January 4, 2025
United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 - Oil & Gas 360Perry Final Portrait Cropped_0

Two U.S. LNG Projects Take another Step Forward

Tellurian’s Driftwood, Sempra’s Port Arthur projects get DOE greenlight to export U.S. LNG to non-FTA nations It’s no small feat to take an LNG exporting business from conceptual idea for a natural gas liquefaction and export facility to the point of loading cargoes, and the Trump administration is taking the concept-to-market process seriously, moving LNG export project approvals ahead at

U.S. Gas Notches Another Export Milestone

Cheniere ships First LNG from Corpus Christi plant Cheniere Energy, Inc. (stock ticker: LNG) exported the first liquefied natural gas commissioning cargo from its Corpus Christi, Texas liquefaction facility this week. The export is the first from a greenfield liquefaction facility in the lower 48 states. Jack Fusco, Cheniere’s president and CEO pointed out that his company delivered the project

First Tanker of Cove Point Gas Transits Panama Canal en route to Japan

From Seatrade Maritime News Underscoring changing trade patterns the first-ever liquefied natural gas (LNG) shipment from the Dominion Cove Point terminal in the US to Japan has transited the Panama Canal. The transit of the LNG Sakura, which occurred last Saturday beginning in the Agua Clara locks on the Panama Canal Atlantic side, initiated a new LNG commercial route between

LNG Shipments to UK: Cove Point Offers Shorter Route, Better Economics than Sabine Pass

From Bloomberg Cove Point Beats Sabine Pass in economics of supply to Europe Britain’s LNG imports pick up with 5 cargoes in April 1-8 As seasonal demand wanes in Asia, the key buying region for the fuel, cargoes from countries including Qatar and Russia have started arriving on British shores. In total 11 ships will unload from March 7 through

Russia, China

Tokyo Gas Chief Sees LNG Destination Flexibility Spreading Worldwide

From Reuters TOKYO (Reuters) – Japan’s biggest city gas seller Tokyo Gas Co expects that contracts for liquefied natural gas (LNG) cargoes with destination flexibility will spread from the West and Japan to be a common thing worldwide, the company’s new president said. Japan’s Fair Trade Commission last June ruled that destination restrictions that prevent the reselling of contracted LNG

American Energy Imports Lowest Since 1982

U.S. continues to import less while exporting more Total net energy imports to the United States fell to 7.3 quadrillion BTUs (quads) in 2017, a 35% decrease from 2016 and the lowest level since 1982, when both gross imports and gross exports were much lower, the EIA said today in a new report. Gross energy imports have been generally decreasing

America's liquefied natural gas boom has a climate change problem, according to a report released on Monday. Oil & Gas 360

LNG and Steel: Tariffs Could Lower Competitiveness of U.S. NatGas Exports – Trade Group

Steel, aluminum tariffs take effect March 23 When Shell (ticker: RDS.A) released its 2018 LNG Outlook in late February, the global oil and gas major said that surging global LNG demand could lead to possible shortages in the Mid-2020s. Shell said based on current demand projections, it sees a potential for a supply shortage developing in mid-2020s, unless new LNG production

Cove Point’s First LNG Cargo U-Turns, Sets Course for Britain

Weaker Asian LNG prices influence the helm From Reuters LONDON, March 15 (Reuters) – The first liquefied natural gas (LNG) cargo exported from a new plant in the United States at Cove Point will arrive in Britain later this month as Asian spot LNG prices weaken relative to European benchmarks. The Gemmata tanker is expected to arrive at the UK’s

The World Awaits: Cove Point Cleared for Takeoff by FERC

Dominion’s Cove Point LNG export plant awarded official “Authorization to Commence Service” by FERC  After a journey of more than seven years, on Mar. 5, 2018, the Federal Energy Regulatory Commission issued a letter to Dominion Energy (ticker: D) that culminated three quarters of a decade of proposing, meeting, permitting, constructing, testing—and waiting. The timing is good. Cove Point’s official