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COMMENTARY: Gauging The likely Trump Effect on U.S. Energy & Power Sectors

By Gavin Maguire (Reuters) – President-elect Donald Trump’s support for the fossil fuel sector and climate scepticism have sparked dismay throughout the global climate tracking community, and fears that his policies may reverse global energy transition momentum. His campaign speeches included pledges to boost domestic oil and natural gas output and to remove mandates on electric …

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Trump Energy Pick Wrote ESG Report Hailing Oil, Gas, Downplaying Climate Worry

Summary Wright says fossil fuel extraction can end poverty Trump’s DOE pick seen pursuing ‘energy dominance’ agenda Wright does not view carbon emissions as pollution (Reuters) – President-elect Donald Trump’s pick to lead the energy department believes fossil fuels are the key to ending world poverty which, he says, is a greater problem than climate …

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China’s Surging LNG Imports From US Threatened by Next Trade War

Chinese buyers to take 14 million tons starting from 2026 American gas exports to China halted for much of 2019 The US has boosted sales of liquefied natural gas to China this year, although the surge may not last if the incoming Trump administration collides with Beijing over trade. China imported 63% more of the super-chilled fuel …

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Europe and U.S. Push for Oil-Funding Curbs Deal to Outlast Trump

.Korea and Turkey have opposed a deal during OECD’s Paris talks EU, US working to finalize deal this week on financing cuts The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects, weeks before President-elect Donald Trump moves into the …

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Arbitration Claims Against LNG Exporter Venture Global Reach Close to $6 Billion

Eight claims center on gas exporter’s spot sales, plant build Company has signaled plans to go public amid customer disputes Pending arbitration claims against liquefied natural gas exporter Venture Global LNG Inc. from several of its customers have grown to nearly $6 billion, according to a bond document seen by Bloomberg. Claims in cases by eight separate …

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TC Energy CEO Sees Opportunity in Trump Win as Company Refocuses on Natural Gas

CALGARY — Donald Trump’s return to the White House is good news for Canada’s energy sector and an opportunity for TC Energy Corp., the CEO of the Calgary-based pipeline company said Tuesday. François Poirier made the comments in a phone interview following TC Energy’s investor day presentation in Toronto. He said the former U.S. president’s …

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Doubling Down: Biden to Stand Fast on LNG-Permit Halt, Energy Chief Signals

US energy secretary says ongoing study to finish by year-end Analysis to guide if LNG export licenses serve public interest The Biden administration won’t decide on any natural gas-export permits before the presidential term ends in late January, Energy Secretary Jennifer Granholm signaled. New permits have been on hold for most of this year as government analysts researched the …

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US Natgas Flows to LNG Export Plants on Track to Hit 9-Month High

The amount of gas flowing to the seven big operating U.S. liquefied natural gas export plants was on track to rise to a nine-month high on Thursday as feedgas to a few plants hit multi-week highs, according to data from financial firm LSEG. The energy market cares about feedgas flows to U.S. LNG plants because …

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Republican Sweep Opens Way to Boost Oil and Gas Development

‘Slight’ limits likely on Biden clean energy tax incentives GOP also likely to roll back Biden environmental regulations Republicans are poised to pave the way to expand fossil fuel development, roll back Biden-era environmental regulations and curtail President Joe Biden’s signature climate law after securing unified control of Congress and the White House. Republicans completed the feat …

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Venture Global LNG Plans to Raise $3 Bln From U.S. IPO, Sources Say

Venture Global LNG is planning to raise about $3 billion from its initial public offering in New York that could come as soon as this year, according to people familiar with the matter. Venture Global is working with banks, including Goldman Sachs and JPMorgan Chase, on the listing plans, the people said. The Arlington, Virginia-based …

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