Cheniere’s first LNG shipment from Sabine Pass is destined for Brazil Cheniere Energy (ticker: LNG, Cheniere.com) announced that it was loading the first shipment of LNG to export from the U.S. from Train 1 at its Sabine Pass LNG project Wednesday. A press release from the company said the cargo would “depart imminently,” following its loading on the LNG carrier
Cheniere expects first LNG cargo in the coming weeks from Sabine Pass Cheniere Energy (ticker: LNG, Cheniere.com) expects to load the first shipment of liquefied natural gas for export from the U.S. in the coming days. A LNG tanker docked in Cheniere’s Sabine Pass terminal Sunday as the company prepares to send the first cargo from the U.S. by the
In this second and final part of our exclusive interview, NAPIA and Energy Directions President Mike Smolinski talks about the effect of growing U.S. crude oil and LNG exports on global markets and refining, the effect of $2.50 natural gas and the demise of coal as the go-to fuel for power generation. Smolinski also discusses the U.S. de facto national energy policy as “Thou Shalt Not.”
Shell now controls 16% of the world’s LNG market, becomes the largest independent producer of LNG Royal Dutch Shell (NYSE: RDS.B; www.shell.com) has leap frogged to the second largest publicly traded energy company in the world following the completion of its $53 billion acquisition of BG Group. The deal was originally announced on April 8, 2015. Under the terms of
The High Court of Justice of England and Wales Sanctions Shell and BG merger A press release from Royal Dutch Shell (ticker: RDSA, Shell.com) today announced that the company has received permission to complete its $70 billion purchase of BG Group. Shell’s offer for BG represented a 50% premium of BG’s closing share price on the day of the announcement,
Deputy Chairman Medvedev says there’s no reason to start a price war with the U.S. Russia’s state-controlled gas giant Gazprom (ticker: OGZPY, Gazprom.com) has no plans to start a price war with the U.S. over natural gas in Europe, according to company deputy chairman Alexander Medvedev. “There is no need for us to launch any price war,” Medvedev told investors
CVX Expects Spending to Wind Down through 2018 The oil and gas industry is not expecting Q4’15 earnings season to be pretty, but not many expected Chevron (ticker: CVX, chevron.com), one of the world’s largest integrated oil companies, to post a loss of $558 million. Typically, integrated companies are somewhat shielded from commodity downturns, as the profits increase in the
Cheniere aims at credit due before 2020 Cheniere Energy (ticker: LNG, Cheniere.com) announced that it has engaged 13 financial institutions in order to structure and arrange senior secured credit facilities in an aggregate principal amount of up to approximately $2.8 billion, according to a company press release. Cheniere hopes to use the proceeds from the new credit facility to redeem
New Chinese investment firm raises $6 billion in financing Russia-based Novatek’s (ticker: NVTK) Yamal LNG project has received a new infusion of capital from a new Chinese investment firm called China Insurance Investment Ltd. The firm is comprised of 46 Chinese companies who have raised 40 billion yuan ($6 billion) to finance energy and infrastructure projects overseas, reports Reuters. The
Story from Bloomberg Cheniere Energy Inc. began production at what will become the first terminal to export natural gas from America’s shale formations, according to ING Capital LLC, which helped finance the project. The company is receiving about 50 million cubic feet of the fuel a day, chilling it into liquefied natural gas at the Sabine Pass terminal in Louisiana,
Cheniere Board of Directors Appoints Board Members to Run the Company Until New CEO Found Cheniere Energy’s (ticker: LNG) first LNG shipment is just weeks away, and the man who co-founded the colossal operation will not be present to witness his company’s achievement. Charif Souki, the former Chairman, President and Chief Executive Officer of Cheniere Energy, has been removed from
Study looks at effects of shipping U.S. LNG using U.S.-built ships Cheniere Energy (ticker: LNG) is expected to begin shipping 3.5 Bcf/d of liquefied natural gas (LNG) from its Sabine Pass terminal in Louisiana early next year, with an additional 6.27 Bcf/d of capacity expected to come online in the U.S. before 2019. The increased capacity will turn the U.S.
