NextDecade Reaches Positive FID on Train 5 at Rio Grande LNG Project

(Reuters) – U.S. liquefied natural gas producer NextDecade said on Thursday it had reached a positive final investment decision (FID) on the fifth liquefaction plant, known as a train, of its Rio Grande export project in Texas. Train 5 has the expected LNG production capacity of about 6 million tonnes per annum (MTPA), bringing the …

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US Energy Prices to Spike on Trump’s Axing of Grants, Senator Says

(Reuters) – The Trump administration’s plans to cancel nearly $8 billion in Energy Department grants are illegal because contracts had already been signed and will cause consumer energy prices to skyrocket, the top Democrat on the U.S. Senate energy committee said. Earlier this month, the Energy Department canceled $7.56 billion in funding for clean energy …

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EU Publishes Rules for Ban to Close ‘Back Door’ for Russian Oil

(Reuters) – The European Union has set a requirement for fuel importers into the bloc to prove their fuels are not made from Russian crude, according to a document published on Thursday. The document provides guidance on the EU’s upcoming ban on imports of fuels refined from Russian crude, part of its 18th sanctions package …

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US Crude Stocks Climb as Refining Utilization Tumbles, EIA Says

(Reuters) – U.S. crude stocks rose more than expected last week as refining utilization dropped sharply to its lowest in eight months, data from the Energy Information Administration showed on Thursday. Crude inventories increased by 3.5 million barrels to 423.8 million barrels in the week ended October 10, the EIA said, compared with analysts’ expectations …

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Qatar’s Energy Minister Warns EU Law Could Stop it Supplying LNG to Europe

By Maha El Dahan Qatar supplies 12%-14% of Europe’s LNG since Russia’s invasion of Ukraine Qatar’s energy min says calls to EU Commission go unanswered Changes proposed by EU lawmakers this week don’t address Qatar’s key concerns Oct 16 (Reuters) – Qatar will not be able to do business in the EU, including supplying Europe …

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Russia Strikes Ukraine’s Gas as Zelenskiy Readies for US

By Aliaksandr Kudrytski and Olesia Safronova Russia attacked Ukraine’s natural-gas infrastructure overnight, dealing a fresh blow to output as President Volodymyr Zelenskiy prepares for talks in Washington. The Ukrainian leader is set to visit the US capital after Moscow ramped up strikes against his country’s energy facilities, knocking out nearly 60% of gas production this …

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Russia Set to Keep LNG Flowing to China Despite UK Sanctions

By Stephen Stapczynski and Rong Wei Neo Blacklisted Russian liquefied natural gas shipments are poised to keep entering China as both countries seem prepared to circumvent the UK’s latest sanctions. The UK on Wednesday imposed restrictions on the Beihai LNG terminal in southern China, citing its imports of fuel from a sanctioned Russian facility. However, …

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States Sue to Stop Trump Cancellation of $7 Billion Solar Grant Program

Oct 16 (Reuters) – Nearly two dozen states are suing the Trump administration over its cancellation of a $7 billion grant program aimed at expanding solar energy in low-income communities, according to court papers. In a statement on Thursday, California Attorney General Rob Bonta announced two lawsuits by a group of states that received grants …

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Fossil Fuels to Dominate Global Energy Use Past 2050, McKinsey Says

(Reuters) – Oil, gas and coal will continue to dominate the world’s energy mix well beyond 2050, as soaring electricity demand outpaces the shift to renewables, according to a new McKinsey report. WHY IT’S IMPORTANT Continued use of fossil fuels poses a major challenge to achieving global net-zero climate targets. Electricity demand will rise mainly …

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Kremlin Says Russia is Selling High-Quality Oil at Low Prices to Nations Trump is Trying to Lobby

(Reuters) – Kremlin spokesman Dmitry Peskov said on Thursday that Moscow was able to supply high-quality oil at lower prices to countries that U.S. President Donald Trump is trying to persuade to stop buying Russian oil. Peskov said that the principles of free trade would be violated if such countries were deprived of the right …

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