Financing
Projects under construction are suffering setbacks. Meanwhile, the market outlook is turning negative, and the window of opportunity for new North American LNG is beginning to close, analysts say.
Consumers ending up shouldering most of the costs of installing and operating CCS in the UK, a new report has found.
A $3bn Afreximbank oil financing programme boosts African refining capacity and energy independence, but raises concerns over the continent’s alignment with global climate goals and energy transition efforts.
Sri Lanka has pledged an ambitious 2025 net zero emissions pledge, but still uses fossil fuels for half of its power production.
A renewed $4.7 bn U.S. loan for TotalEnergies’ stalled LNG project in Mozambique has sparked a backlash over mounting security threats, community displacement, and fears of a future stranded asset.
As the Asian Development Bank’s annual meeting unfolds this week in Milan, there are calls for the bank to stop financing fossil fuels in Bangladesh.
The month of April saw several modest commercial deals for U.S. LNG. But that is more than overshadowed by formidable obstacles facing new LNG projects.
The new financing for Mozambique LNG raises concerns over the role of export credit agencies (ECAs) in the funding of fossil fuel projects.
The struggling ARCH2 hydrogen hub in Appalachia is the latest in a series of failed economic development strategies based on gas, experts say.
Although Trump exempted oil and gas from tariffs, LNG could still become ensnared in trade retaliation, analysts say. And, of course, an unprovoked trade war could bring about economic recession.
The CEO of NextEra Energy said that gas turbines have a multi-year backlog, leading to soaring costs for new gas-fired power plants. Renewables “are cheaper and available right now.”
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.
An unpublished EC document explores direct public support for LNG projects overseas. But critics warn that doubling down on costly LNG imports might be a drag on the European economy and increase security vulnerabilities.
The OECD is meeting this week and will consider a restriction on financing from export credit agencies for overseas fossil fuel projects. With Trump set to take power, campaigners are urging Biden to act.
A potential Mexico LNG export boom awaits. But while two small projects move forward, much larger proposals face financial and regulatory risk.