Cheniere Energy has announced that the first commissioning cargo of liquefied natural gas (LNG) has loaded and departed from its Corpus Christi liquefaction facility in Texas, marking the first export of LNG from The Lone Star State and from a "greenfield" liquefaction facility in the lower 48 states. The LNG was loaded on the LNG carrier Maria Energy, chartered by … [Read more...]
Huawei Arrest Keeps U.S.-China LNG Spat Alive, Developer Says
By Naureen S. Malik (Bloomberg) -- The arrest of a top Chinese technology executive means the tariff war that ensnared liquefied natural gas may not have reached a cease-fire, according to the developer of a U.S. project to export the fuel. Liquefied Natural Gas Ltd. has been cautioned by prospective Chinese buyers of supply from the terminal it plans to build in Louisiana … [Read more...]
Shale Boom Raises Specter of New Glut: Gulf Coast Oil Terminals
By Catherine Ngai (Bloomberg) -- The race to export U.S. shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a very limited pie. Within 18 months, new pipelines opening in the nation’s most prolific shale basin promise to carry an added 2 million barrels of oil a day to the Gulf Coast. But the extra crude will … [Read more...]
Cheniere Bets $15 Billion on World Gas Demand Despite Tariff
By Naureen S. Malik (Bloomberg) -- Wearing a hardhat and orange vest, Ari Aziz climbs metal steps under a blazing sun until he’s standing atop an 180-foot-high tank in Corpus Christi, Texas. It’s big enough, he proudly points out, to hold a jumbo jet placed diagonally. Aziz is supervising more than 100 workers who form a kind of SWAT team for Cheniere Energy Inc. They’re … [Read more...]
How Toshiba Lost $806 Million Buying Into America’s LNG Boom
By Dan Murtaugh, Stephen Stapczynski and Aibing Guo (Bloomberg) -- Buy high, sell low and guarantee a loss. It’s not exactly what Toshiba Corp. planned when it dipped its toes in liquefied natural gas trading. Yet that’s exactly how it turned out, as the Japanese industrial giant capped off its five-year misadventure in LNG Thursday by paying ENN Ecological Holdings Co. $806 … [Read more...]