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The Climate Scientist Who Leads Mexico Is Betting on Decades of Fossil Fuel

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A new natural gas pipeline could help reduce poverty in the underdeveloped Yucatan — but it poses a challenge to Sheinbaum’s push to cut emissions Under the crystalline waters off southeast Mexico, workers are laying a pipeline that President Claudia Sheinbaum is counting on to underpin an economic boom and lift millions from poverty. The $4.5 billion …

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Cheniere Energy Expects China Gas Demand to Rise More Than 50% by 2040

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Oct 22 (Reuters) – Cheniere Energy  expects China gas demand to grow to more than 600 billion cubic meters (bcm) by 2040 from 400 bcm today, a company executive said at the Asia Gas Markets conference on Tuesday. “There’s no doubt that gas demand growth in China, in absolute terms, is substantially driven by energy …

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U.S. Appeals Court Likely to Reject Challenge to Alaska LNG Exports

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A U.S. appeals court on Monday appeared likely to reject a challenge by environmental groups to the Biden administration’s decision to approve exports from a planned $39 billion liquefied natural gas project in Alaska. Two members of a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit posed skeptical questions …

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U.S. Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks – Baker Hughes

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U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 585 in the week …

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Texas Natural-Gas Pipeline Eases Bottlenecks, Paves Way for Higher Shale Output

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A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, and will help pave the way for higher U.S. oil production, energy executives said. Pipeline companies largely quit adding new capacity following the pandemic, when shale production dried …

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US Natgas Prices Hold Near 1-Month Low as LNG Feedgas Rise Offsets Mild Weather

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(Reuters) – U.S. natural gas futures held near a one-month low on Friday as a bullish rise in the amount of gas flowing to liquefied natural gas (LNG) export plants offset bearish forecasts that mild weather will keep heating demand low through early November. Front-month gas futures for November delivery on the New York Mercantile …

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Cheniere Energy Moves Closer to Starting New Texas LNG Export Operation

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HOUSTON, Oct 17 (Reuters) – Cheniere Energy (LNG.N) moved one step closer to producing first liquefied natural gas from a Corpus Christi, Texas, expansion project on Thursday after it received permission from federal regulators to put a supply line into operation. Cheniere is the largest U.S. LNG exporter and the world’s second largest producer of …

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US Natgas Prices Hold Near 3-Week Low on Mild Weather Forecasts

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U.S. natural gas futures held near a three-week low on Tuesday on expectations mild weather over the next two weeks will keep demand low. Front-month gas futures for November delivery on the New York Mercantile Exchange remained unchanged at $2.490 per million British thermal units (mmBtu) at 8:11 a.m. EDT (1211 GMT). On Monday, the …

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US court Puts on Hold Permits for Kinder Morgan Unit to Build Tennessee Pipeline

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(Reuters) – A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan  subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups. The proposed Cumberland Project, set to be constructed by Kinder Morgan’s Tennessee Gas Pipeline, could transport about 245,000 dekatherms per day …

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Petrochemical Plant Wins US Loan Despite Biden Climate Vow

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Malaysia project secures $690 million Export-Import Bank loan Biden issued order to curb funding for fossil fuel projects The US Export-Import Bank authorized a $690 million loan to help help build a petrochemical plant in Malaysia, despite objections from climate activists who say the project flouts Biden-Harris administration promises to halt financing for fossil fuel projects abroad. The loan approved …

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