Exports
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.
Trump’s re-election could mean more U.S. LNG exports being sent to Europe, even though EU gas demand is already in decline.
Argentina needs capital and off-take deals to fulfil its gas export ambitions at a time of global volatility and looming oversupply.
Gas prices remain low despite the extraordinary increase in U.S. LNG exports. At Gastech, industry analysts warned that the gas industry may have trouble supplying more LNG terminals without leading to a spike in prices.
Air pollution from U.S. LNG export terminals imposes heavy costs on human health, according to a new study. That toll would more than double if all proposed LNG projects move forward.
The Japan-Australia hydrogen project aims to produce 30 million tonnes of hydrogen from brown coal gasification in Victoria to be liquefied and exported to Japan.
Mexico will soon open an export pathway for low-cost U.S. gas to reach high-paying Asian markets, but policy questions on both sides of the border may be narrowing the near-term scope of the Mexican route.