Liquefied natural gas (LNG) has overtaken pipeline gas as the most abundant and valuable form of U.S. natural gas exports. LNG exports are on track to break volume and earnings records in 2022, but the stellar short-term gains for exporters may have long-term consequences for the entire U.S. energy sector due to the resulting higher […]
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As the energy crisis continues, Europe is warning that its citizens need to be prepared for a total gas shutdown from Russia. While their storage sits at 88%, 8% higher than their original goal, serious concerns still linger. The French strike has taken 60% of its refining capacity offline, planned maintenance will shut down another […]
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Liquified Natural Gas (LNG) ships that were headed for Asia rerouted yesterday to Europe as they are facing a winter shortage of natural gas from Russia. European consumers are willing to pay a large premium as prices across the region surge to new peaks.
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Climate change, global warming, and CO2 emissions are all hot topics of an energy intensive world. Fossil Fuels live at the center of the debate with many people calling to an end of the fossil fuel era and the coal and gas companies that mine them. These groups and activists push for greener and cleaner […]
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As we enter the end of our winter season in the Northeast, the mild winter combined with global oversupply fears has caused liquefied natural gas (LNG) prices to plummet and the worst may not be over.
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Royal Dutch Shell has pushed the U.S. Lake Charles LNG Export Project in Louisiana back five years to 2025. According to Reuters, “the project, a 50-50 venture with U.S. midstream company Energy Transfer, envisaged converting an existing import and regasification facility in Lake Charles into a multi-train, 16.45 million tonnes per year facility. The delay […]
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With an attempt to boost the shipbuilding industry in the U.S., the Energizing American Shipbuilding Act has been reintroduced with bipartisan support. It is being supported by Senator John Wicker (R-Mississippi) and Congressman John Garimendi (D-California). This act would require 15 percent of liquefied natural gas (LNG) exports be moved by U.S. crewed and built […]
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