LNG
The government has asked Indonesian LNG customers overseas to accept delays in some scheduled shipments.
State-run Petrobangla sent letters to all the concerned companies in India and Bangladesh over the cancelled negotiations.
At CERAWeek, gas executives boasted that demand would grow for years, or even decades to come. But they also see a problem of rising costs for their projects.
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.
An unpublished EC document explores direct public support for LNG projects overseas.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.
Taiwan has some hard decisions to make. On the one hand, it has set ambitious decarbonisation goals, but it also continues to sanction more Taiwan LNG import terminals to help fuel its growing economy.
LNG exporter Trinidad and Tobago is taking a bet on deepwater drilling and long-suppressed reserves in neighbouring Venezuela to close a chronic gap in gas feedstock.
Trump promised to supercharge U.S. LNG exports. But his trade war with China could backfire on the industry.
In a court filing, Rio Grande LNG and Texas LNG argue that a recent executive order by President Trump should clear up legal challenges against their projects. Environmental opponents say the executive orders cannot change existing laws, and that the projects should be stopped.
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.
Recent research indicates that LNG has a worse climate impact than coal, due to high methane emissions across the supply chain, so more U.S LNG in Asia represents a climate risk.
Gulf Coast communities are dealing with increasing storms from climate change and higher levels of pollution from U.S. LNG terminals. Those facilities are also heavily subsidised by local and state governments.