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...]
Exxon, Qatar Bet on U.S. Gas Exports With $10 Billion Texas Project
By Stephen Cunningham, Rachel Adams-Heard and Kevin Crowley (Bloomberg) --Exxon Mobil Corp. and Qatar Petroleum are officially moving forward with a $10 billion liquefied natural gas export terminal in Texas, the latest in a series of massive projects designed to send U.S. shale supplies to growing markets across the globe. U.S. Energy Secretary Rick Perry joined Qatari … [Read more...]
Trade War Cools U.S. LNG Exports to China in 2018
Jan 9 (Reuters) - The number of U.S. liquefied natural gas vessels that went to China in 2018 fell by around 20 percent from the prior year as the trade war between Beijing and Washington heated up. In recent weeks, however, that dispute has cooled somewhat with talks in China this week between Chinese and U.S. trade teams raising hopes additional tariffs can be … [Read more...]
Amid Export Boom, U.S. Still Imports Natural Gas from Russia
By Naureen S. Malik (Bloomberg) -- The U.S. may be exporting natural gas at a record clip, but that hasn’t stopped it from accepting imports of the fuel, including a shipment of Russian gas likely headed for Massachusetts. Pipeline constraints, depleted stockpiles and a 98-year-old law barring foreign ships from moving goods between U.S. ports is opening the way for … [Read more...]
Rising LNG Demand to Exert More Pull on U.S. Natural Gas Prices
By Scott DiSavino Dec 20 (Reuters) - U.S. liquefied natural gas (LNG) export capacity is on the brink of doubling in 2019, which will boost the super-cooled fuel's influence on the U.S. natural gas market, where volatility surged in 2018 after several years of slumber. LNG exports have been the fastest growing source of U.S. natural gas demand since the country started … [Read more...]