(Bloomberg) - The first export of natural gas from the U.S. East Coast has set sail. Dominion Energy Inc.’s Cove Point terminal in Maryland shipped its first commercial cargo of liquefied natural gas Monday, officially bringing the total number of U.S. exporters of the super-chilled fuel to two. The company last week said the facility was finally poised to send gas under … [Read more...]
Cove Point LNG Facility Now Second in U.S. to Export Natural Gas
The first commercial export cargo of liquefied natural gas has shipped from Dominion Energy's new Cove Point liquefaction and export facility in Maryland. The facility is now the second in the United States to export American-produced natural gas to international markets. Dominion Energy will produce LNG for ST Cove Point, a joint venture of Sumitomo Corporation and Tokyo … [Read more...]
After Targeting U.S. Farmers, Could China Strike American Shale Next?
By Heesu Lee and Stephen Stapczynski (Bloomberg) -- China’s tariffs in one corner of the energy market signal U.S. shale fields may follow the nation’s farms as a target if a trade war escalates. Beijing on Wednesday took aim at America’s rural heartland by proposing levies on politically sensitive farm commodities such as soybeans, which were among 106 U.S. products … [Read more...]
U.S. Commerce Secretary Wilbur Ross to China: Import More U.S. Gas to Cut Trade Gap
By Ryan Collins, Scarlet Fu and Julia Chatterley (Bloomberg) -- What would it take for China to reduce its trade gap with the U.S.? Buy more natural gas, for a start, says Secretary of Commerce Wilbur Ross. Diverting its purchases from other countries to America would be the “simplest” solution, Ross said during an interview with Bloomberg TV after President Donald Trump … [Read more...]
Cheniere Faces Ruling on Gas Leak U.S. Sees as `Serious Hazard’
By Naureen S. Malik and Ryan Collins (Bloomberg) -- America’s first exporter of liquefied natural gas from shale is awaiting a federal ruling on whether it can restart storage tanks it was forced to shut after a leak. Regulators ordered Cheniere Energy Inc. to take two of the five tanks at its Sabine Pass LNG export terminal in Louisiana out of service last month, citing a … [Read more...]