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...]

Cheniere Signals New LNG Pricing Structure with Apache Deal

By Sabina Zawadzki LONDON, June 3 (Reuters) - Cheniere Energy said on Monday it would buy natural gas from Apache Corp's Permian assets using a price mechanism linked to the liquefied natural gas (LNG) it ends up selling and not the typical U.S. natural gas benchmark. The deal is the first sign Cheniere, by far the largest U.S. LNG seller, may move away from its signature … [Read more...]

Sempra Energy’s Louisiana Cameron LNG Plant Exports First Cargo

May 31 (Reuters) - Sempra Energy said on Friday the $10 billion Cameron liquefied natural gas export terminal in Louisiana had shipped its first cargo, making the plant the fourth big LNG export terminal to enter service in the United States. Mitsui & Co Ltd, one of the partners in the Cameron project, chartered the tanker, Marvel Crane, to pick up the commissioning … [Read more...]

Cameron LNG Export Project in Louisiana Produces First LNG

May 14 (Reuters) - U.S. energy company Sempra Energy said on Tuesday the first liquefaction train at its $10 billion Cameron liquefied natural gas (LNG) export terminal in Louisiana started producing LNG. Cameron is the fourth big LNG export facility to enter service in the Lower 48 U.S. states, keeping the United States on track to become the third biggest LNG exporter in … [Read more...]

Trade War Cuts U.S. Liquefied Natural Gas Exports to China

May 10 (Reuters) - No liquefied natural gas (LNG) vessels that left the United States in March and April have gone to China, Refinitiv Eikon shipping data shows, as the trade war between the two nations escalates. On Friday, the United States increased its tariffs on $200 billion in Chinese goods to 25% from 10%, rattling financial markets already worried the 10-month trade … [Read more...]