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Biden Politics: Manchin Says LNG Export Pause Unjustified, Should Be Reversed

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Senate hearing to investigate Biden’s LNG export freeze Manchin worried ‘White House will put its thumb on the scale’ Bloomberg The White House’s pause on new liquefied natural gas export approvals is unjustified and should be “reversed immediately” if a study of the shipments is only beginning now, Senator Joe Manchin plans to say at …

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Top Biden Official to Defend LNG Pause in Senate Hearing

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Reuters WASHINGTON, Feb 8 (Reuters) – A top U.S. Department of Energy official is set on Thursday to defend President Joe Biden’s pause on approvals of liquefied natural gas (LNG) exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision. Deputy U.S. Energy Secretary David Turk will testify before the …

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Biden’s LNG Move Is a Failure Three Times Over

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By the Bloomberg The Editorial Board The Editorial Board publishes the views of the editors across a range of national and global affairs. Halting new approvals of exports is bad for the US, bad for America’s allies and most likely bad for the climate. President Joe Biden’s Department of Energy has halted pending approvals of exports of liquefied natural gas …

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Chesapeake CEO Says Biden’s LNG Review Hurts Consumers and U.S. Allies

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Biden decision was political, Nick Dell’Osso says in interview One-year pause is ‘meaningful’ for the industry, he says The Biden administration’s pause on new licenses to export liquefied natural gas will hurt consumers, the environment and US allies, according to the head of one of the country’s top gas producers. “It works counter to a number of …

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U.S. Natgas Prices Slide 3% to Nine-Month Low on Rising Output, Lower Demand

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U.S. natural gas futures slid about 3% to a nine-month low on Tuesday as output slowly rises, the amount of gas flowing to liquefied natural gas (LNG) export plants declines and on forecasts for lower demand this week than previously expected. Prices fell even though the latest forecasts called for colder weather and more heating …

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Tellurian Explores Sale of Upstream Business to Finance Driftwood LNG

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Tellurian is exploring the sale of its Haynesville upstream business, the liquefied natural gas (LNG) firm said on Tuesday, as it looks to raise capital for its Driftwood LNG project. The company has been trying to develop a 27.6 million metric-tons-per-annum LNG plant, which has suffered multiple delays, in Lake Charles, Louisiana, and earlier said …

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U.S. Sanctions Halt Delivery of New Vessels to Russian LNG Plant

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MOL says efforts to charter or sell ice-breakers face curbs Operator Novatek PJSC already forced to delay maiden voyage The delivery of specialized ships to a new Russian liquefied natural gas facility is being upended by US sanctions, according to Mitsui OSK Lines Ltd., threatening exports. The Japanese shipping line can no longer charter the three ice-breaker …

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U.S. Lawmakers Hold First of Two Hearings on Biden’s LNG Pause

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US lawmakers hold first of two hearings on Biden’s LNG pause (Reuters) – As Republican and some Democratic U.S. lawmakers slam President Joe Biden’s pause on approvals of exports of liquefied natural gas (LNG) a House subcommittee will hold a hearing on the issue on Tuesday, the first of two in Congress this week. The House Energy, …

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Biden’s Natural Gas Export Project Freeze Is a ‘Mistake,’ Exxon CFO Says

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The Biden administration’s decision to halt new natural gas-export licenses is a “mistake” that will slow efforts to reduce climate-damaging emissions, according to Exxon Mobil Corp. “Reducing production of LNG actually harms the world achieving net zero sooner rather than later,” Chief Financial Officer Kathy Mikells said during an interview. “It’s a mistake.” Although natural gas that is liquefied …

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Asia LNG Imports are Robust, But Record Supply Keeps Spot Prices Muted

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(Reuters) – The spot price of liquefied natural gas (LNG) is continuing to meander at low levels amid ample supply from major exporters and signs that winter demand is easing in the top-importing regions of Asia and Europe. The spot price for LNG delivered to north Asia ended at $9.60 per million British thermal units …

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