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Shell Expects More LNG exporters to Turn into Net Importers, Drive Demand

Conventional Energy, Latest, LNG, US News / By

Energy major Shell expects several traditional LNG exporter nations to turn into net importers, driving demand for the super chilled fuel and potentially easing concerns that the industry faces oversupply from a raft of planned new projects. Cederic Cremers, Shell’s executive vice president for LNG, told Reuters that Indonesia, Malaysia, and Algeria are likely to …

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US Agency Says Geothermal Energy in Nevada’s Great Basin Could Play Larger role

Geothermal, Latest, Renewable Energy, US News / By

A geothermal power plant is seen in the distance through geological mudpots atop the San Andreas Fault in Calipatria, California (Reuters) – Geothermal energy in the Great Basin of Nevada and adjoining states could produce electricity equivalent to 10% of the current U.S. power supply, the U.S. Geological Survey said on Thursday. The projected 10% …

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US Invites Asian Officials to Alaska, Eyes $44 Billion LNG Project

Conventional Energy, Latest, LNG, Natural Gas, US News / By

Summary Energy, Interior secretaries to host June 2 event in Alaska Officials from Taiwan, South Korea, Japan invited Trump pushing allies to invest in long-delayed project (Reuters) – The U.S. has invited officials from Japan, South Korea and Taiwan to Alaska to discuss projects including a vast gas pipeline, two people familiar with the planning …

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Oil Heads for First Weekly Loss Since April on OPEC+ Supply Hike Expectations

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Brent, WTI down 2% on the week Market braces for another OPEC+ output hike in July Iranian nuclear deal talks in focus, fifth round on Friday (Reuters) – Oil prices dropped for a fourth consecutive session on Friday and were set for their first weekly decline in three weeks, weighed down by rising expectations …

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Venture Global on Track to Become Top US LNG Company if CP2 Project Approved

Conventional Energy, Latest, LNG, Tri-Pinned, US News / By

Summary Venture Global could top Cheniere to become largest US LNG company Producing at higher rates than initially expected Plans to sell additional volumes on long-term contracts (Reuters) – Venture Global is poised to become the largest U.S. liquefied natural gas company by next year if it proceeds with its CP2 project in Louisiana and …

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US Crude Oil Storage Demand Surges as Traders Brace for OPEC+ Price War

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, Tri-Pinned, US News / By

 U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data from storage broker The Tank Tiger, as traders brace for a flood of increased supply in coming months from the Organization of the Petroleum Exporting Countries and its allies. This month, OPEC+ agreed to accelerate …

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