LNG

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Trillions of Dollars of Fossil Fuel Finance Routed via Tax Havens, Study Says

(Reuters) – Trillions of dollars of bank finance to fossil fuel companies is being routed via opaque financial centres in several countries, including the Netherlands, research published on Wednesday showed. The study by Tax Justice Network, which campaigns against tax havens, highlights a lack of transparency in funding for energy companies. The study examined 60 …

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U.S. Gulf Coast Energy Facilities Hit by Hurricane Francine

Sept 11 (Reuters) – Energy facilities along the U.S. Gulf Coast have scaled back operations and evacuated some production sites as Hurricane Francine passed through the region. Fancine strengthened into a hurricane on Tuesday night and is moving toward the Louisiana coast, the U.S. National Hurricane Center said. About 24% of crude production and 26% …

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NextDecade LNG Project Paying Price for ‘Wrist Slap,’ CEO Says

Permit ruling was meant to teach regulators a lesson, he says Yanking of Texas permits puts $18.4 billion project at risk Bloomberg News A federal court’s decision to scold a regulatory agency is putting a major Texas liquefied natural gas project — and thousands of associated jobs — at risk, said NextDecade Corp. Chief Executive Officer Matt …

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Divesting From Energy Firms Counterproductive, Could Increase Emissions: Yale Professor

Study finds that when high-polluting firms have easy access to public investor money, emissions go down By Deborah Jaremko Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Kelly Shue is a professor of finance at the Yale School of Management. Photo courtesy Yale School of Management A finance …

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U.S. Imposes Sanctions on Companies, Vessels Linked to Arctic LNG 2

(Reuters) – The U.S. on Thursday imposed sanctions on two companies and two vessels linked to Russia’s Arctic LNG 2 project, Washington’s latest step to add costs on Moscow for its invasion of Ukraine. The Arctic 2 project, 60% owned by Russia’s Novatek  had been due to become Russia’s largest liquefied natural gas plant with eventual output …

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Biden Grants First New LNG Approval Since Freezing Permits

New Fortress Energy receives five-year license to sell LNG Climate groups blast White House, permit-pause appeal ongoing The Biden administration granted the first liquefied natural gas export license since a federal court overturned a temporary moratorium on issuing permits to ship the fuel. The US Energy Department granted a five-year license Tuesday to Wes Edens’ company New Fortress Energy Inc., …

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Russian Deputy Minister says Western Sanctions Will Not Halt LNG Development

Western sanctions against Russia will not halt the development of its LNG sector, Russian Deputy Energy Minister Pavel Sorokin said on Wednesday. “Those sanctions that have been imposed are illegal… We cannot say that they have gone unnoticed,” Sorokin said at the Eastern Economic Forum in the far eastern port of Vladivostok, adding that they …

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U.S. LNG Export Dominance Tested as Europe’s Demand Wilts

By Gavin Maguire LITTLETON, Colorado, Sept 4 (Reuters) – The United States has remained the largest exporter of liquefied natural gas (LNG) so far in 2024, but a steep drop in selling prices and a sharp swing in export volumes to key markets is likely testing exporter appetite to stay on top. The United States shipped …

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U.S. LNG Exports Rebound in August on Higher Output From Freeport LNG

Exports of U.S. liquefied natural gas bounced higher in August as output from the country’s second-largest export facility rose following an outage and maintenance activities at other plants wound down, preliminary data from financial firm LSEG showed on Tuesday. Exports of the superchilled gas rose to 7.48 million metric tons (MT) in August, up from …

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Freeport LNG Plant in Texas Back Near Full Power on Friday, LSEG Data Shows

U.S. liquefied natural gas (LNG) company Freeport LNG’s export plant in Texas was on track to return to near full power on Friday after shutting unexpectedly on Wednesday, LSEG data showed. Freeport is one of the most-watched U.S. LNG export plants in the world because it has a history of swaying global gas prices when …

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