LNG

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 …

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