LNG Transportation

Section 899 proposes a tax of up to 20% on the income of foreign investors The proposal is included in President Trump's tax bill signature The tax could have a major impact on the profits of European oil giants Ron Bousso LONDON, 12 June - A proposed U.S. Tax targeting foreign investors may hurt European Energy Giants that operate in America’s booming Oil and Gas Sector, undermining President Donald Trump’s energy dominance agenda. The Senate is reviewing Trump's tax and spending plan, which includes an extra tax of up 20% on the incomes of foreign investors such as dividends or...

According to a FERC report, Cheniere Energy, which is the U.S.'s largest exporter of liquefied gas, has asked the Federal Energy Regulatory Commission to grant permission for the expansion of its Sabine Pass facility. Cheniere submitted a joint request, dated 6 June, to FERC, for authorization to build and operate the Sabine Pass Stage 5 Expansion Project. This project would expand the existing Sabine Pass LNG Facility in Louisiana. With a capacity of 30,000,000 metric tons per year (mtpa), the Sabine Pass terminal is the largest LNG facility in the United States. Six liquefaction train are in operation. According to...

Venture Global Inc.'s shares rose nearly 20% on Tuesday, after the Louisiana-based producer of LNG announced that it had started construction on its proposed CP2 facility in the state following federal approval. CP2 is the largest LNG export facility for the United States, with a capacity of 20 million metric tons per year. This will help the nation remain competitive. The world's largest supercooled gas exporter The company stated that CP2 expects to deliver the first LNG in 2027, and has already made significant progress in terms of engineering, procurement, and contracting. Venture Global stated that off-site maintenance of the...

Cheniere Energy announced on Friday that it had begun the annual maintenance on its largest U.S. LNG facility, Sabine Pass in Texas. Sabine Pass's annual capacity is 30 million metric tons per annum. It has been a key factor in the United States becoming the largest LNG exporter in the world. A Cheniere spokesperson informed by email that "planned maintenance activities are underway at Sabine Pass." Prices tend to rise when U.S. LNG production declines. It is anticipated that the annual maintenance work will reduce U.S. LNG output for a few weeks. Cheniere's Sabine Pass plant, which produces 4.5 bcfd...

U.S. exporter Cheniere Energy announced on Wednesday that its unit had entered into a long term agreement to buy natural gas from Canadian Natural Resources. Why is it important? In 2024, the U.S. was the largest exporter in the world of liquefied gas. It shipped 11,9 billion cubic feet of supercooled fuel per day. After Donald Trump took office, the commercial activity in this sector has increased. CONTEXT Cheniere said in February that it would aggressively pursue regulatory permits for expanding capacity now that Trump has taken office. It had said that the company planned to double its current LNG...

According to LSEG and company statements, Venture Global will become the largest U.S. liquefied gas company next year if they continue to overproduce at their existing plants and proceed with their CP2 project. LSEG data shows that Venture Global, which was only founded three years ago, has a combined production capacity of 38.5 million metric tonnes per annum (mtpa), from its two Louisiana plants. This could rise to 66.5 mtpa once it completes the construction of its newest project, the 28 mtpa CP2 facility, also in Louisiana. This would place the company ahead Cheniere Energy, which is expected to have...

The producers are pushing forward with their liquefied gas projects. They are banking on the urbanisation of the world and its technology sector, which will drive global demand for power and overcome such challenges as oversupply and rising costs. The LNG fuel is seen by many as a transitional fuel to zero emissions. Energy security is also a priority for governments around the world after Russia's invasion in Ukraine caused gas prices to reach record highs. Tengku Taufik of Malaysian energy company Petronas said at the World Gas Conference that Asia-Pacific economies were "ravenously hungry" for LNG. The proliferation of...

After releasing its final report on the effects of future exports, the U.S. Department of Energy said it would begin to approve or reject pending permits for liquefied gas exports. In 2024, the administration of U.S. president Joe Biden halted any approvals of LNG exports pending the results of a study that would determine whether increasing LNG exports might harm the environment or increase gas prices due to a higher demand for gas from LNG plants. The U.S. is the largest LNG exporter in the world. Triple your export capacity The 2024 study confirms the knowledge that our nation has...

New Fortress Energy reported a loss for the first quarter of the year on Wednesday. The U.S. LNG company struggled to perform well across all its segments. This sent the shares plummeting nearly 19% during extended trading. Excelerate Energy purchased the company's assets and operations in Jamaica for $1.06billion. The New York company delayed its announcement of first-quarter results from Monday to allow it to complete the deal. Wes Edens, CEO of Excelerate, said: "The sale of our Jamaican assets is a milestone for our company. We are able to streamline our operations while paying down corporate debt by selling...

Venture Global announced a higher-than expected core profit for the current year on Tuesday. This was due to higher LNG demand, and higher LNG shipments. In premarket trading, shares of Venture Global, a company that became the most valuable U.S. gas company when it was listed in January, rose 3.8% to $10.29. The U.S. has become the top LNG exporter in the world. Commercial activity in this sector has increased since President Donald Trump lifted the moratorium on new LNG export permits in January. LSEG data shows that while Venture lowered their current-year adjusted core profits forecast from between $6.8...

Venture Global Inc. is set to sell liquefied gas cargoes at its Louisiana export terminals to long-term clients rather than the highest bidder. It plans to use the controversial, but lucrative practice in a larger terminal it is building. Venture Global is finally completing the commissioning of its Calcasieu Pass facility, in Louisiana. This binds Venture Global to all contractual obligations that it signed when developing the facility. Many LNG plants take months to commission a plant or ensure that its systems work as intended. Calcasieu Pass took three years to commission, or ensure that the plant's systems are working...

Energy Transfer, the U.S. pipeline company, announced on Wednesday that it had entered into a non-binding agreement to develop together with MidOcean Energy the Lake Charles LNG Export Facility in Louisiana. MidOcean is responsible for paying 30% of construction costs and will receive 30% of LNG production. This amounts to approximately 5.0 million metric tons per year (MTPA). Energy Transfer is both the developer and the operator of the facility. Energy Transfer must make the final investment decision before the agreement becomes binding. Energy Transfer has now finalized sales agreements as well as non-binding sales contracts for 16 millions metric...

Lorenzo Simonelli, the chief executive of Baker Hughes Energy Services, said on Monday that all the company's facilities in the Middle East are running normally. He made the remarks on the sidelines Energy Asia Conference. He said: "At the moment, our employees are all safe and the facilities continue running and operating." "I hope tensions will deescalate." He said it was too early to predict the impact of the conflict between Israel and Iran on energy supply. He said, "It is too early to tell. We need to monitor the situation." He added, "We know that the demand is resilient...

Shell Energy expects that several traditionally LNG exporting nations will become net importers. This could drive demand for super-cooled fuel and ease concerns about an oversupply of the super-cooled fuel due to a number of new planned projects. Shell's Executive Vice President for LNG, Cederic Cremers said that Indonesia, Malaysia and Algeria will likely become net importers in the future, as their domestic demand is increasing while their production is decreasing. He said that he predicted that the LNG market would grow by 50 million tonnes between now and the year 2040. These LNG exporters will likely join Egypt which...

According to four sources familiar with the matter, the Malaysian state-owned company Petroliam Nasional (or Petronas) is in discussions with Commonwealth LNG about buying liquefied gas from its Cameron, Louisiana facility. Petronas has been in discussions with Commonwealth LNG to purchase at least 1 million metric tonnes per annum of LNG. Two of the four sources declined to identify themselves as they weren't authorised to talk to the media. One source said that the talks are advanced for at least one mtpa. Several Asian nations plan to increase the contractual purchases of U.S. LNG in order to reduce the imbalanced...

The Asian spot price of liquefied gas (LNG), which is a product of liquefied gas, fell this week due to low demand in Asia during the Lunar New Year holidays. This encouraged cargo diverts towards Europe, where gas prices have reached a 15-month peak amid concerns about storage refilling. The average LNG price in March for delivery to North-east Asia Industry sources estimate that the price per million British Thermal Units (mmBtu) was $13.80, down from $14/mmBtu a week ago. The demand in Asia has been lower than normal, especially in China. This has caused rates to fall. Toby Copson...

The Asian spot price of liquefied gas (LNG), which is a form of natural gas, rose to its highest level in a month this week as uncertainty over Europe's gas future was caused by the expiry date for a transit agreement between Russia and Ukraine. Average LNG price for February deliveries to Northeast Asia Industry sources estimate that the cost per million British Thermal Units (mmBtu) is $14.60. Ukraine allowed Russia to continue pumping gas through its territory, despite almost three years of conflict. However, Kyiv refused a five-year contract that expired on New Year's Day. The European gas balance...

Asian area liquefied gas (LNG) costs gained today, the very first increase after 3 weekly declines, as the imminent expiry of a transit offer for Russian gas through Ukraine to Europe provided support to costs. The average LNG price for February shipment into north-east Asia was $14.10 per million British thermal units ( mmBtu), up 6% from $13.30/ mmBtu last week, industry sources estimated. Asian LNG costs have gotten 20% this year and averaged $ 11.97/ mmBtu in 2024. The most significant thing individuals are keeping an eye on is TTF's. upward motion, said Masanori Odaka, senior analyst at Rystad....

Asian spot liquefied natural gas (LNG) rates fell this week to its most affordable level in 10 weeks in the middle of mild weather condition and strong storage stocks. The typical LNG rate for February shipment into north-east Asia was at $13.30 per million British thermal units ( mmBtu), its least expensive level because mid October and down from somewhat lower than $14.50/ mmBtu recently, industry sources approximated. The market is fairly comfy in instant supply/demand terms. China seems well-stocked and Japan is bringing some brand-new nuclear plants back in coming weeks, said Alex Froley, senior LNG analyst at information...

Asian area liquefied natural gas (LNG) costs edged down today as high stocks depressed demand, however rates stayed near their greatest level this year, tracking European gas rates which have actually risen on supply issues. The average LNG price for January shipment into north-east Asia was at $15.00 per million British thermal units ( mmBtu), a little lower than $15.10/ mmBtu last week, market sources estimated. Colder temperature levels in north-east Asia will keep rates in check although not anticipated to raise area demand as adequate inventory levels and high LNG rates will sideline significant purchasers, said Go Katayama, LNG...

Asian spot melted gas (LNG) rates increased today to their greatest level of the year so far, tracking gains in European gas and amidst colder temperatures in both regions. The average LNG rate for January shipment into northeast Asia rose to $14.60 per million British thermal systems ( mmBtu), market sources estimated. Today's more escalations in between Russia and Ukraine have returned a high danger premium to European gas and by default Asia's JKM market, regardless of actual gas products being continuous, said Florence Schmit, energy strategist at Rabobank London, of the Asian Japan-Korea-Marker benchmark. European benchmark gas costs at...

Asian area liquefied gas (LNG) got for the first time because endAugust this week, supported by emerging spot demand throughout the region. The average LNG rate for December delivery into north-east Asia rose to $13.50 per million British thermal systems ( mmBtu), industry sources approximated, its first weekly gain in 6 weeks. Active buyers in the present area buyers are mainly from South and Southeast Asia ... Some Japanese players have also went into the market for LNG procurement for December shipment, said Siamak Adibi, director for gas and LNG supply analytics at consultancy FGE. Despite the area market activity,...

U.S. exports of melted natural gas fell somewhat in September as plant maintenance cut output, while Europe stayed the leading destination, data from financial firm LSEG showed. Gulf Coast plants got away any significant impact from hurricanes last month, helping the U.S. to keep its status as the world's. largest LNG exporter. Exports of the superchilled gas fell to 7.26 million metric. heaps in September, simply down from August, when the U.S. offered. 7.48 MT, LSEG information revealed. U.S. energy business Berkshire Hathaway Energy's. Cove Point plant that closed in Maryland for fall upkeep,. according to a notification to customers,...