LONDON/SINGAPORE—Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses. This grip is not expected to ease until 2026 when more liquefied natural gas (LNG) starts to materialize and lower prices, adding to supply worries for…
Biden Administration Denies Cheniere’s Request to Sidestep LNG Pollution Rule
September 9, 2022
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Business & MarketsCheniere Energyeconomic policiesenergyEnvironmental Protection AgencyEuropeLNGpollutionRussiaRussia-Ukraine WarWorld
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WASHINGTON—The Environmental Protection Agency (EPA) said on Tuesday it has denied a request from leading liquefied natural gas (LNG) exporter Cheniere Energy Inc. to exempt turbines at its two U.S. Gulf Coast terminals from a hazardous pollution rule. The rejection raises questions about whether the Texas-based company will have to reduce exports of the supercooled…
John Robson: Ship Canadian LNG to Europe? Strong Business Case or Strikeout Depends on Rules of the Game
August 28, 2022
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CanadaCanada natural gasenergy industryEurope gas crisisLNGnet zerooil and gas industryOpinionViewpointsWorld
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Commentary When Justin Trudeau said there was no business case for shipping Canadian natural gas to Europe, the obvious retort is that of the umpire who, when a free-swinging slugger protested a call saying “that was never a strike,” sneered “How would you know?” Nothing in Trudeau’s record, before or after entering politics, suggests the…
Winter Is Coming: $13 Natural Gas Prices?
Natural gas prices have been on a tear in 2022, skyrocketing about 150 percent year to date to above $9 per million British thermal units (MMBtu) on the New York Mercantile Exchange. But could the so-called “bridge fuel” reach $13 MMBtu this winter? It may be possible, said Laird Dyer, an Energy Analytics consultant, who…
Victoria’s Gas Supply Crisis Worsened by Government Policy
Commentary The state of Victoria has the most extensive natural gas network in Australia and the highest consumption due to cold weather and the use of gas for domestic heating. Yet the state is able to meet its own needs with gas production while supplying some gas also to Tasmania, South Australia, and New South…
Russian Energy Cuts to Europe Will Benefit American Exports
Commentary Vladimir Putin is cutting gas exports to Europe, which threatens everything from grandma’s stove-cooked schnitzel in Germany to electric power plants in Britain. Blackouts in the dead of winter could be a reality that many Europeans face in just a few months. American natural gas (LNG) exports might help our friends across the pond…
Blast at Freeport LNG Plant Adds to Supply Concerns
A blast at a Freeport LNG facility in Quintana Island, Texas, on June 8 has forced the plant to shut down, raising concerns about natural gas supply issues. “An incident occurred at the Freeport LNG facility on Quintana Island at about 11:40 am. There were no injuries, all employees and contractors have been accounted for…
ExxonMobil Suspends Russian Far East LNG Project: Interfax
April 5, 2022
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Business & EconomyCompanieseconomic policieseconomyEuropeExxonMobilLNGMarketsRussia-Ukraine WarRussianWorld
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ExxonMobil has suspended its liquefied natural gas project in Russia’s Far East, Interfax news agency quoted a Russian governor as saying on Monday, after the firm announced plans to quit the country following Western sanctions. ExxonMobil said last month it would exit its Russian oil and gas operations, which it had valued at more than…
US and EU Strike Gas Deal to Reduce Reliance on Russian Energy
March 25, 2022
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Business & Economyeconomic policieseconomyEuropeEuropean UnionExecutive BranchInternationalLNGMarketsPolicies & ImpactsPoliticsRussia-Ukraine Warrussian gasUSUS NewsWorld
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The United States and the European Union have struck a deal to reduce Europe’s dependence on Russian fossil fuels, including a commitment for the United States to provide an additional 15 billion cubic meters of liquefied natural gas (LNG) to EU markets this year alone. President Joe Biden and European Commission President Ursula von der Leyen…
US LNG Exporters Emerge as Big Winners of Europe Natgas Crisis
LONDON—U.S. liquefied natural gas (LNG) exporters are emerging as big winners of Europe’s supply crisis as they export record volumes to the European Union for the third consecutive month at prices that have rallied since Russia’s invasion of Ukraine. European gas prices have hit all-time highs just as exporters of LNG in the United States…
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