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Kinder Morgan Maintains Annual Profit Forecast on Soaring Natgas Demand

By Vallari Srivastava Kinder Morgan narrowly misses first-quarter profit estimates Expects tariffs impact to be roughly 1% of the total project costs Remains bullish on natural gas demand April 16 (Reuters) – U.S. pipeline and terminal operator Kinder Morgan (KMI.N) left its annual profit forecast unchanged on Wednesday, as it continued to bank on demand …

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BP Begins Loading its First LNG Cargo From Venture Global’s Calcasieu Pass Plant

(Reuters) – BP Plc will begin loading its first shipment of liquefied natural gas from Venture Global’s Calcasieu Pass plant in Louisiana on Wednesday, according to LSEG data. The BP-chartered vessel British Mentor was about to dock at the Calcasieu Pass port. It is the first cargo BP is receiving from the export facility under …

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Environmental Groups Lose Court Challenge to Alaska LNG Exports

(Reuters) – A federal appeals court on Tuesday rejected a challenge by environmental groups to a decision by Democratic former President Joe Biden’s administration approving exports from a planned $39 billion liquefied natural gas project in Alaska. A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit held the U.S. …

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Venture Global LNG Starts Commercial Operations at Calcasieu Pass Plant

Venture Global LNG has begun commercial operations at its Calcasieu Pass plant in Louisiana, more than three years after it first produced liquefied natural gas, the company said on Tuesday. The move to commercial operations means the Arlington-headquartered company has brought an end to the extended commission of the plant which resulted in its customers …

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South Korea Vice Minister to Travel to Alaska for Gas Project Talks, Yonhap Says

South Korea’s vice industry minister Choe Nam-ho is planning to travel soon to Alaska as part of working-level negotiations between the United States and South Korea over Alaska’s liquefied natural gas (LNG) project, Yonhap news agency reported on Tuesday. Still, no decision has been made on whether South Korea will join the project and whether …

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Pakistan Mulls US Oil Imports to Ease Trade Imbalance

• Summary • Pakistan mulling U.S. crude purchases to address tariffs • Pakistan faces 29% tariffs under Trump policies • Crude purchase would reduce trade imbalance with U.S. (Reuters) – Pakistan is considering importing crude oil from the United States for the first time to offset a trade imbalance that triggered higher U.S. tariffs, according …

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Indonesia to Propose $10 Billion US Energy Imports Increase in Tariff Talks

(Reuters) – Indonesia will propose increasing its imports of crude oil and liquefied petroleum gas from the United States by around $10 billion as part of its tariff negotiations, energy minister Bahlil Lahadalia told local media on Tuesday. Indonesian officials are set to leave for Washington later on Tuesday for negotiations over proposed U.S. trade …

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Oil Price Drop Turns up Heat on Emerging Market crude Exporters

Summary • Oil price drop seen hitting exporters disproportionately • Angola faced a margin call after bond market rout • Nigeria’s carry trade stops being attractive on oil fall • Gulf exporters likely to weather pressure better thanks to reserves, lower debt (Reuters) – A steep drop in crude oil prices largely due to U.S. …

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