Exports

Rising U.S. natural gas prices and ample LNG supplies around the world have served to slam shut the window of profitability to export spot American gas. Some companies may even be “under water,” analysts say.

At a conference put on by the U.S. Department of Energy in Athens, a high-level American delegation pressed European governments to expand gas import infrastructure and buy more U.S. LNG.

U.S. energy secretary Chris Wright played down fears that a focus on gas exports would drive up prices for domestic U.S. gas users.

Hydrogen as a fuel is structurally unaffordable and could be used as a predatory delay tactic in the Middle East, experts warned.

The Trump administration finalised a new rule that would require a small percentage of LNG exports to be done on U.S.-built and U.S.-flagged LNG tankers. But no such ships exist.

Partly due to the Ukraine war, Greece has became a net exporter of power to North Macedonia, Bulgaria, Albania and Italy, pushing up domestic gas demand.

The government has asked Indonesian LNG customers overseas to accept delays in some scheduled shipments.

Some oil and gas executives took a victory lap following a shift in the U.S. and Europe away from climate action. But volatile decision making in Washington, and market gyrations, cast a shadow over conference proceedings.

The controversial U.S. LNG exporter Venture Global reported lower revenues, and higher-than-expected costs for one of its LNG export terminals. The company has presided over the worst-performing energy IPO in three decades.

Canada and Mexico have expressed shock at the unprovoked trade war launched by the U.S. President. The energy sector will take a hit.

The threat of punitive tariffs on Canada has highlighted the country’s dependence on the U.S. market. In response to the threat of a trade war, Canadian officials are eyeing more oil and gas pipeline and export projects to Europe and Asia, but critics warn of doubling down on fossil fuels.

Trump promised to supercharge U.S. LNG exports. But his trade war with China could backfire on the industry.

Already the largest LNG exporter in the world, U.S. LNG export capacity is set to climb. New government data sees domestic prices rising as a result.

The landmark study from the Department of Energy found “unfettered” U.S. LNG exports impose higher costs on consumers, exacerbate climate change, and slow the transition to renewables. The study could complicate Trump’s plans to green-light new projects.

Japan’s global LNG growth is now intersecting with new export development in Canada, but it faces new research and growing backlash over continued use of the fuel.