By Collin Eaton HOUSTON, Sept 18 (Reuters) - The next wave of U.S. liquefied natural gas (LNG) export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, the chief executive of Blackstone Energy Partners said on Wednesday. Blackstone CEO David Foley said at the Gastech Energy … [Read more...]
Freeport LNG Ships First LNG Commission Cargo
Freeport LNG has announced that it has shipped the first LNG commissioning cargo for Train 1 from its liquefaction facility located on Quintana Island in Freeport, Texas. According to the Houston-based company, approximately 150,000 cubic meters of LNG were loaded aboard the LNG carrier LNG Jurojin, which departed from the Freeport LNG terminal on on Tuesday. "This first … [Read more...]
Bipartisan Bill Would Require Percentage of U.S. LNG and Oil Exports Be Transported on American Ships
Congressman John Garamendi (D-CA.) and Senator Roger Wicker (R-MS.) have introduced a bipartisan bill that seeks to boost the nation's shipbuilding and maritime industries by requiring an increasing percentage of LNG and crude oil exports be transported on American built, flagged and crewed vessels. The bill, named “Energizing American Shipbuilding Act” (H.R.3829<), would … [Read more...]
How U.S. LNG Plays Havoc with Dutch Gas and Asian Shipping
By Sabina Zawadzki LONDON, June 28 (Reuters) - Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied natural gas (LNG) imports, testing levels at which companies that committed to buy U.S. LNG will start making serious losses. Prices for month-ahead Dutch gas have dropped by two-thirds since their peak last September of just … [Read more...]
Fortress Billionaire Wes Edens Bets on U.S. Gas Exports
By Naureen S. Malik (Bloomberg) -- Wes Edens is an unlikely evangelist for the benefits of U.S. natural gas exports -- or "freedom gas," as the Department of Energy likes to call it. The 57-year-old billionaire is a creature of Wall Street. After stints at Lehman Brothers Holdings Inc. and BlackRock Inc., he co-founded Fortress Investment Group, the private equity … [Read more...]