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(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 …
U.S. Imposes Sanctions on Companies, Vessels Linked to Arctic LNG 2 Read More »
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., …
Biden Grants First New LNG Approval Since Freezing Permits Read More »
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 …
Russian Deputy Minister says Western Sanctions Will Not Halt LNG Development Read More »
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 …
U.S. LNG Export Dominance Tested as Europe’s Demand Wilts Read More »
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 …
U.S. LNG Exports Rebound in August on Higher Output From Freeport LNG Read More »
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 …
Freeport LNG Plant in Texas Back Near Full Power on Friday, LSEG Data Shows Read More »
It’s dishonest to focus on affordability and ignore the risks — and costs — associated with emissions-driven climate change By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. A few days before …
COMMENTARY: Vance Attacks Harris on Energy by Cherry-Picking Facts Read More »
Shipping giant A.P. Moller-Maersk A/S is in the process of securing 50-60 vessels as part of its fleet renewal program, including ships that will be able to run on liquefied natural gas, a fuel the company has criticized in the past. The order is for a mix of owned and chartered dual-fuel vessels totaling 800,000 twenty-foot equivalent units — a …
Maersk Changes Its Tune on LNG With Big Ship Order Read More »
(Reuters) Major U.S. natural gas producers are preparing to further curtail production in the second half of 2024, after prices sank nearly 40% over the past two months. Henry Hub gas futures have dropped to around $2 per million British thermal units (mmBtu), while in West Texas, Waha prices have turned negative a record number …
US Natural Gas Producers Eye More Output Cuts as Prices Sink Read More »
A U.S. court has overturned the Federal Energy Regulatory Commission’s (FERC) authorization for NextDecade’s Rio Grande LNG project for not issuing a supplemental environmental impact statement, the company said on Tuesday. The facility has been in development for several years, suffering repeated delays, and phase 1 is now expected to reach completion by early 2029 …
U.S. Court Overturns FERC’s Authorization for NextDecade’s Rio Grande Project Read More »
