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A federal judge on Monday blocked the U.S. government’s ban on approving applications to export liquefied natural gas (LNG), in response to a lawsuit by Republican-led states. U.S. District Judge James Cain Jr, in Louisiana, a Trump appointee, ruled that the LNG export ban “be stayed in its entirety, effective immediately.” A coalition of 16 …
Federal Judge Halts U.S. Government’s Ban on LNG Permits Read More »
Lawyer Duo Make Billions From Audacious Natural Gas Bet The founders of Venture Global stand at the forefront of a US natural gas export boom that’s now in question. The US Gulf Coast is probably the only place in the world where two men with virtually no experience running an energy business could upend a …
Banker-Lawyer Duo Make Billions From Audacious Natural Gas Bet Read More »
Federal regulators on Thursday approved a Louisiana liquefied natural gas project that has been a lightning rod for environmental activists and a litmus test for the Biden administration’s energy policies. The Federal Energy Regulatory Commission voted 2-1 to allow construction and operation of the Calcasieu Pass 2 LNG plant and a related, 85-mile-long (137 km) …
U.S. Regulators Approve Louisiana LNG Plant Over Climate Objections Read More »
The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their oil and gas reserves. The total value of deals in January and February hit the highest level since the first …
U.S. Energy Sector Deals Accelerate in Quest for Reserves Read More »
Saudi firm could buy 25% of Sempra’s Port Arthur LNG Phase 2 Aramco agrees to 5-year supply deal for 5 million tons/year Saudi Aramco expanded its drive to tap into US energy supply with an initial agreement to buy a stake in Sempra’s Texas liquefied natural gas export plant in a deal that would include fuel shipments …
Aramco May Buy Stake in Sempra US Gas Plant, Get LNG Supply Read More »
Ex-BP executive Lawler hired to lead Texas Gas subsidiary Fund boosts stake in Louisiana LNG project to more than 90% Energy-focused private equity firm Kimmeridge is taking a majority ownership stake in the proposed Commonwealth LNG project and naming a former BP Plc executive to lead the venture, marking a major bet on the future of the …
Energy Investor Kimmeridge Takes Control of Commonwealth LNG Read More »
The global liquefied natural gas (LNG) market has a new found, but fragile equilibrium, following two years of volatility, due to lack of spare supply in the near-term, the International Gas Union (IGU) said in a report on Wednesday. Global LNG trade reached a record level of 401.42 million metric tons in 2023, growing by …
Global LNG Market Remains in Fragile Equilibrium on Limited Supply, IGU Says Read More »
World’s First Indigenous Majority-Owned, Hydro-Powered, Floating LNG Facility Becomes a Reality KITAMAAT VILLAGE, British Columbia–(BUSINESS WIRE)–The Haisla Nation and Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA), partners in Cedar LNG Partners LP (“Cedar LNG”), today announced a positive Final Investment Decision (“FID”) on the Cedar LNG Project, a floating liquefied natural gas (“LNG”) (“FLNG”) facility with a …
Major Canadian LNG News: Cedar LNG Announces Positive Final Investment Decision Read More »
The chief executive of Barclays Plc characterized as unrealistic growing calls for the finance industry to abandon fossil-fuel clients. Banks “cannot go cold turkey” on the oil and gas industry, Barclays CEO CS Venkatakrishnan told Bloomberg’s Anna Edwards at the Bloomberg Sustainable Finance Forum in London on Tuesday. While Barclays’ is “very much moving from away from” coal and oil, the …
Barclays CEO Says Banks Can’t Go ‘Cold Turkey’ on Oil Clients Read More »
A shortage of skilled labor and nagging inflation from strong wage growth on the U.S. Gulf Coast are pressuring liquefied natural gas (LNG) developers and delaying some projects from reaching a financial go-ahead. There are five LNG plants under development in Texas and Louisiana and 16 others on the drawing board in the U.S. looking …
Rising US Labor Costs Threaten to Derail New LNG Projects Read More »
