In the past decade, the North America LNG market has been subject to significant periods of volatility, and the past year is a prime example. U.S. LNG developers recognize that the market is now “tapping the brakes” from one year ago when it comes to the export market, but they still remain optimistic about the… Keep reading →
Interesting analysis on energy independence in the Wall Street Journal by Columbia University’s Jason Bordoff, a former energy adviser to President Obama. It’s a good thing the United States isn’t energy independent, Bordoff writes. That’ll get your attention, right? As Bordoff explains, “energy independence” is a dusty concept from the 1970s and 80s, after policymakers made… Keep reading →
Bernie Sanders launched a new climate campaign on Wednesday, aimed at fighting global warming by banning new coal, oil and gas mining on public land. [The Guardian] Duke Energy is dropping plans for a 45-mile transmission line that would have run across the Western Carolinas. [The Citizen Times] Shell has announced Tuesday its $70 billion… Keep reading →
Both Malaysian state-owned oil major Petronas and the British Columbia (BC) provincial government refuse to throw in the towel on the Petronas-led C$36 billion (US$32 billion) Pacific Northwest LNG project in BC. On Friday, Petronas said that in the coming weeks it will announce a “conditional” final investment decision (FID) on its proposed terminal. The… Keep reading →
Singapore’s goal of becoming Asia’s premier liquefied natural gas (LNG) trading hub is steadily unfolding. Earlier this month, Singapore’s Second Minister for Trade and Industry S. Iswaran said that the Singapore Energy Market Authority (EMA) received nine bids in December from suppliers hoping to become LNG aggregators in the city-state. The bids came after the… Keep reading →
The recent surprise drop in crude oil prices is having big impacts on international LNG prices and may cause a slowdown in the development of LNG export plants globally. LNG is liquefied natural gas, cooled to a temperature of -260° F, for the purpose of compression and transportation. International shipments of LNG by container ship… Keep reading →
Sakhalin Energy, the consortium that operates the Sakhalin II LNG project in Russia, is seeking higher prices for LNG sales from Korea’s Kogas, the world’s largest LNG buyer, sources have told Bloomberg. The contract is linked to Brent crude prices, which have risen substantially since it was signed eight years ago. The article indicates that Kogas… Keep reading →
