By Katrina Lewis (Bloomberg) --Abu Dhabi’s main sovereign wealth fund disclosed a 5.1% stake in Cheniere Energy Inc., the largest U.S. exporter of liquefied natural gas. Abu Dhabi Investment Authority disclosed its holding in a filing dated Monday, giving it an interest in Cheniere valued at $615 million. It’s Cheniere’s fourth-largest shareholder, according to data compiled … [Read more...]
U.S. LNG Loading Delays Expected in Wake of Hurricane Laura
By Scott DiSavino and Jessica Jaganathan NEW YORK, Aug 27 (Reuters) - Loadings of liquefied natural gas (LNG) cargoes from the United States likely will be delayed as a powerful storm strikes the heart of the U.S. oil and gas industry on the Gulf Coast, forcing several LNG plants to shut. Hurricane Laura made landfall early on Thursday in southwestern Louisiana as one of the … [Read more...]
Regulators Give Delfin Extra Year to Build Louisiana Offshore LNG Terminal
July 15 (Reuters) - U.S. energy regulators on Wednesday granted Delfin LNG a second one-year extension until September 2021 to complete its proposed floating liquefied natural gas export facility off the coast of Louisiana. The U.S. Federal Energy Regulatory Commission in September 2017 authorized Delfin to build its project by September 2019. The company in June 2019 … [Read more...]
Coronavirus Fears Hit U.S. Gas Exporters
The LNG carrier Hoegh Galleon departs Cheniere's Christi Liquefaction (CCL) Project, January 26, 2020. Photo: Business Wire (Bloomberg) -- A grim situation for U.S. natural gas exporters has gotten even worse as the coronavirus outbreak sends global prices plunging on concern that China’s demand for the fuel will collapse. Suppliers of American liquefied natural gas were … [Read more...]
Freeport LNG Begins Commercial Exports
Freeport LNG become the latest terminal to begin exporting U.S.-produced natural gas to overseas markets. Freeport LNG announced Monday it has commenced commercial operations of the first of three LNG trains planned for the Quintana Island terminal located near Freeport, Texas on the Gulf on Mexico. The facility shipped its first commissioning cargo in … [Read more...]