By Naureen S. Malik and Christine Buurma (Bloomberg) -- A little-known company is planning to be a standout in the crowded field of U.S. shale gas exports by slashing construction costs for the massive terminals that turn gas into a transportable liquid. The founders of Venture Global LNG Inc. -– Bob Pender, a former energy lawyer, and Michael Sabel, who worked as … [Read more...]
Wind Farm at Center of Feds’ Spat on Twitter Said to Seek Debt
By Brian Eckhouse and Christopher Martin (Bloomberg) -- The offshore wind-power project that became the subject of a Twitter war between federal energy regulators is moving forward with a debt financing for an estimated $2.15 billion phase, according to people familiar with the situation. Vineyard Wind, a joint venture of Avangrid Inc. and Copenhagen Infrastructure Partners … [Read more...]
Incident Video: Malaysian Vessel, Greek Bulk Carrier Collide in Singapore Waters
By Saket Sundria (Bloomberg) -- A Malaysian vessel and a Greek-registered bulk carrier collided in Singapore territorial waters off Tuas on Saturday, according to a statement from the Maritime and Port Authority of Singapore, which said it was “deeply concerned” by the intrusion. Malaysia’s Ministry of Foreign Affairs said late Saturday that the Greek vessel and its crew … [Read more...]
U.K. Government Sued Over ‘No-Deal’ Brexit Ferry Contract Award
By Kaye Wiggins (Bloomberg) -- The companies that run the Channel tunnel are suing the British government over its award of ferry contracts to handle freight shipments in a no-deal Brexit, just days after one of those contracts, with a startup company that doesn’t own any ships, fell through. Channel Tunnel Group Ltd. and France-Manche SA accuse the government of a … [Read more...]
Small Town Near Hamburg Said to Be Likely Choice for LNG Plant
By Brian Parkin, Anna Shiryaevskaya and Vanessa Dezem (Bloomberg) -- A small port city near Hamburg is the leading choice of Angela Merkel’s government for the first liquefied natural gas terminal in Germany, according to people familiar with the thinking of senior ministers. The town on the Elbe River, Brunsbuettel, is competing with rival bids from the city of Stade and … [Read more...]