Friday, November 7, 2025

A New Trade Route for Natural Gas Opens in Panama

From Bloomberg: When the Panama Canal’s expanded locks slid open in late June, perhaps no one was happier than executives in the U.S. shale industry. With the goal of making the U.S. a global powerhouse for natural gas exports, these frackers have their sights on Asia. Now they have a more direct route that could significantly benefit their bottom line.

BP Wants to Sell its 50% of China Petchem Venture SECCO

From Reuters: British oil major BP is seeking buyers for its 50 percent stake in Chinese petrochemicals joint venture SECCO, its largest investment in China, in a deal sources said could fetch $2-$3 billion. State-owned China Petroleum & Chemical Corp (Sinopec), which owns the other half of the venture and has a right of first refusal, said it was discussing

Cheniere Energy Reports Loss as Glut in Natural Gas Depresses Prices

From the Wall Street Journal New CEO says he is focused on long-term contracts instead of chasing short-term deals Natural-gas exporter Cheniere Energy Inc. reported a second-quarter loss Tuesday as its ramp-up in production of liquefied natural gas faces a world-wide glut that is depressing prices. Surging natural-gas supplies in North America and slowing demand from traditional buyers in Asia have pushed down LNG spot prices and made