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Climate Test for Natural Gas Exports Splits White House Advisers

Election-year climate review fraught for President Joe Biden Liquefied natural gas projects worth billions hang in balance By Jennifer Jacobs, Jennifer A Dlouhy, and Ari Natter President Joe Biden’s top advisers are divided over how much to ramp up environmental scrutiny of licenses to ship natural gas abroad as companies and industry groups warn it could slow development of new export terminals, …

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Biden Urged to Keep LNG Exports Flowing to Help Kill Off Coal

Natural gas producers and pipeline companies are warning the Biden administration against any move to pause US liquefied natural gas export approvals, saying it would squander the climate benefits of replacing dirtier coal-fired power worldwide. “US LNG is the single most powerful tool the world has to reduce global emissions by displacing coal use around the globe,” …

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Biden Administration Taking Heat From All Sides Over Louisiana LNG Project

(Reuters) – The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with environmentalists saying the facility would undermine U.S. climate goals and business interests arguing it is essential for global energy security. The Federal Energy Regulatory Commission, a panel of three regulators, is expected to vote in …

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U.S. LNG Feedgas Cut by Arctic Freeze, Problems at Freeport LNG

The amount of natural gas flowing to U.S. liquefied natural gas (LNG) export plants dropped to a one-year low this week as an Arctic freeze caused some energy firms to divert fuel to the domestic market and Freeport LNG’s facility in Texas experienced mechanical problems. Gas flows to the seven big U.S. LNG export plants …

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Deep Freeze Forces U.S. LNG Exporters to Cancel, Delay Cargoes

Cameron LNG export plant scrapped at least one scheduled cargo Global impact should be limited due to high inventories of gas The recent freeze across Texas and Louisiana disrupted scheduled exports of US liquefied natural gas, temporarily tightening some supply of the heating and power-plant fuel. The Cameron LNG export plant in Louisiana canceled at least one …

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Global Gas, LNG Prices to Remain Relatively Weak in 2024 Amid Subdued Demand – WoodMac

Global prices of gas and liquefied natural gas (LNG) are expected to remain relatively weak in 2024, with demand subdued due to high storage levels in Europe and Asia and a mild Northern Hemisphere winter, consultancy Wood Mackenzie said on Wednesday. “Wood Mackenzie has been forecasting lower 2024 prices for much of last year, especially compared …

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Red Sea Disruptions Not (Yet) Enough to Trouble LNG Prices

(Reuters) – The effective closure of the Red Sea to tankers carrying liquefied natural gas (LNG), while a concern, is unlikely to shift prices for the super-chilled fuel because other factors are driving the market. QatarEnergy, the world’s second-biggest LNG shipper, has stopped sending tankers via the Red Sea, a senior source with direct knowledge of …

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Natural Gas Export Projects Hang in the Balance as Biden Mulls Climate Test

Environmental groups ramp up efforts to oppose LNG terminals. As the Biden administration weighs a tougher climate test for US natural gas export terminals, several projects and tens of billions of dollars in investments are hanging in the balance. Environmentalists are doubling down on efforts to oppose liquefied natural gas terminals seeking government approval, warning they’ll significantly prolong …

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Venture Global LNG Explains to U.S .Regulator its Failure to Sell Commercial Cargoes

(Reuters) – Venture Global LNG has told a U.S. regulator that it cannot meet contracts to provide liquefied natural gas (LNG) cargoes to several major customers because its export plant is not yet ready to meet three criteria in the contracts, according to a letter to the Federal Energy Regulatory Commission (FERC). Shell PLC , BP …

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EU’s Energy Security Drive May Have Gone Too Far

MILAN, Jan 11 (Reuters Breakingviews) – Europe may have overplayed its energy security strategy. President Vladimir Putin’s 2022 attack on Ukraine exposed the European Union’s heavy dependence on cheap gas imported from Russia, chiefly via pipelines. To address the imbalance, the bloc rushed to add facilities to import liquefied natural gas (LNG) by sea from …

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