Financing
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An unpublished EC document explores direct public support for LNG projects overseas.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.
The Golden Pass LNG project, backed by Qatar and ExxonMobil, is suffering from more than $2 billion in additional costs, forcing the project’s construction firm into bankruptcy.
The GTN Xpress, an expansion of an existing pipeline that carries Canadian gas to the northwest part of the U.S., admitted that its project may not be financially viable.
A new report finds that global financial institutions have continued to invest in oil, gas, and coal at elevated levels since the Paris Agreement, despite calls to accelerate the energy transition.
The move comes as experts warn of a growing “reputational risk” for institutions like Cambridge University if they collaborate with oil and gas companies.
Analysts say that potential investments from Saudi Aramco and ADNOC in U.S. LNG could propel projects forward. Meanwhile, in Houston, gas executives voiced confidence in the trajectory of their industry at CERAWeek.