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Energy executives say they are looking past current ultra-cheap gas prices and betting on a coming wave of new liquefied natural gas (LNG) plants to lift demand – and prices – for the fuel. Natural gas prices have fallen by one-third this year, undercut by a warmer winter, outages at LNG facilities and higher-than-expected output. …
U.S. Gas Producers Shrug Off Low Prices, Bet on LNG Boom Read More »
Exxon Mobil is ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own gas rather than trading that of third parties, the company’s LNG chief said on Thursday. Exxon is revamping its …
Exxon Ahead of Schedule on Doubling LNG Portfolio, Exec Says Read More »
White House pause on new permits threw sector into disarray Ban will ‘annihilate critical jobs’: Texas attorney general Texas, Louisiana and more than a dozen other US states challenged the Biden administration’s suspension of new licenses to export natural gas via ocean-going tankers. A lawsuit filed against President Joe Biden and the US Department of Energy in Louisiana federal court on …
No Go Joe: Biden’s LNG-Permit Halt Challenged by 16 States in Lawsuit Read More »
If the U.S. pulls back from permitting new liquefied natural gas (LNG) export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, the CEO of Baker Hughes, the world’s largest provider of equipment for the LNG sector, said on Thursday. The Biden administration in January paused new export …
LNG Growth to be Met by Other Countries if U.S. Walks Away – Baker Hughes CEO Read More »
Debottlenecking maintenance underway through early May Additional capacity to be marketed directly by Texas producer Freeport LNG will increase its production of liquefied natural gas following repairs that are due to be concluded in early May, the company’s chief executive officer said in an interview. Maintenance will increase the Texas facility’s capacity to 16.5 million metric …
Freeport LNG to Increase Production by 10% Following Repairs Read More »
Executive says freeze on US licenses should end after election Ryan Lance criticizes policy for driving down activity The Biden administration’s pause on liquefied natural gas export licenses needs to end after November’s presidential election, said Ryan Lance, chief executive of ConocoPhillips, the Houston-based oil and gas producer with a growing LNG business. “Customers are …
ConocoPhillips CEO Calls for U.S. to End LNG Permit Pause in November Read More »
Alaska Gasline Development Corp (AGDC) said on Monday it was working to secure funding for Front-End Engineering Design (FEED) for its proposed Alaska LNG project in 2024, which would lead to a final investment decision (FID) in 2025. FEED focuses on technical requirements and identifying main costs for a proposed project. Alaska LNG, which is …
Alaska LNG Seeks Funding on Path to Final Investment Decision in 2025 Read More »
March 18 (Reuters) – Global demand for liquefied natural gas (LNG) is picking up due to a recent fall in prices, Shell CEO Wael Sawan said on Monday at a conference in Houston. The LNG market will be well supplied in the second half of the decade, he added. The CEO of rival TotalEnergies on …
Global LNG Demand is Picking up Due to Low Prices – Shell CEO Read More »
Tellurian said on Monday it was looking at all options, including a potential sale, and that CEO Octavio Simoes had stepped down from his role, amid the liquefied natural gas developer’s efforts to keep its Driftwood export project alive. The company earlier this year had hired Lazard to explore a sale of its Haynesville upstream …
LNG Developer Tellurian to Explore Sale Among Other Options, CEO Steps Down Read More »
Adnoc to supply SEFE with 1 million tons of LNG per year Supply from Adnoc’s planned Ruwais LNG plant to start in 2028 The United Arab Emirates agreed to sell liquefied natural gas to Germany for 15 years starting 2028, in a deal that further cements Europe’s fossil fuel use and underpins the Middle Eastern country’s plan …
UAE in 15-Year Germany Gas Deal in Boost to Energy Security Read More »
