LNG Transportation

U.S. liquefied gas developer NextDecade stated on Wednesday it was checking out all readily available legal and regulatory choices to ensure the construction of the very first stage of its Rio Grande task in Texas. Earlier in August, a U.S. court had actually overturned the Federal Energy Regulatory Commission's authorization for the project, for not issuing a supplemental ecological impact declaration. NextDecade said the judicial decision would not enter into result till the court released a required, which was not anticipated to occur up until the appeals process had actually been completed. If the judgment stands, the precedent set impacts...

Woodside Energy agreed last month People involved in the transaction said that it is unlikely that a competitor bidder will be willing to match the $1.2 billion price tag, including the debt, to purchase Tellurian. The developer of an approved U.S. LNG project. The Driftwood project is in trouble and taking it over would be a good idea Woodside's Ambition People said that Tellurian, an Australian company, had no competition to become the largest independent LNG producer in the world, despite its eight-year effort to attract investors to the project, for which it claimed to have spent $1.5 billion. Woodside’s...

Cheniere Energy missed secondquarter core profit estimates on Thursday, as weaker margins harmed the liquefied natural gas (LNG) producer. Lower gas prices, which are down about 16%. this year due to greater global stocks and lower need. forecasts, injured the company's LNG delivery margins. LNG income fell to $3.04 billion in the quarter ended June. 30 from $3.92 billion a year earlier, and Cheniere's changed. core profit of $1.32 billion missed LSEG quote of $1.35. billion. Cheniere's partially raised full-year core profit forecast. of $5.7 billion to $6.1 billion, up from $5.5 billion to $6. billion previously, also came listed...

Cheniere Energy said on Monday it has accepted supply 0.5 million tonnes per annum of melted natural gas to a subsidiary of Galp Energia for 20 years. Deliveries are expected to start in the early 2030s, however are dependent on the approval for an additional liquefaction unit ( Train Eight) for Cheniere's Sabine Pass Liquefaction Growth Project. As part of the deal, Galp will also buy some LNG freights from Cheniere before train 8 starts. CONTEXT Sabine Pass currently runs six liquefaction trains, each with a production capacity of approximately 5 mtpa of LNG. An expansion project is underway to...

U.S. liquefied gas designer Freeport LNG expects to increase production beyond its 15.3 million metric ton per year (MTPA) capability as it concludes an growth project, the company said on Friday. Freeport LNG runs the second-largest U.S. processing plant and its ups and downs have led to gas-price swings in the United States and Europe. We have securely completed the large majority of the work associated to our debottlenecking task and are working to carry out the advantages of those efforts, a Freeport representative informed Reuters on Friday. The representative did not say what the capability would be when the...

U.S. LNG exports plunged in July to the secondlowest level of this year, LSEG ship tracking data revealed, as Freeport LNG shut for 8 days after suffering damage from Cyclone Beryl. Texas-based Freeport LNG is the nation's second-largest LNG export center, and its production troubles in the last few years have actually played an important function in swings in U.S. gas and international LNG rates. The U.S. exported 6.69 million metric loads (MT) of LNG in July, compared to 7.11 MT in June and 7.60 MT in May, initial data from LSEG showed. The 6.69 MT is the second-lowest reading...

Hedge funds Nut Tree Capital Management and Caspian Capital have actually made a sweetened bid to acquire fuels storage and transporter Martin Midstream Partners, according to a letter seen on Monday. The new offer would offer unitholders of Martin Midstream $ 4.50 per unit in cash and worth the company at almost $176. million, up from the $4 per system quote from the hedge funds on. July 11. The offer is the current attempt from the hedge funds to. prevent a rival takeover quote from Martin Midstream's biggest. shareholder, Martin Resource Management Corporation (MRMC),. which has actually used $3.05 per...

The variety of liquefied gas (LNG) tankers waiting to load at Freeport LNG in Texas has actually increased since the U.S. second largest exporter of the supercooled gas halted processing ahead of Typhoon Beryl's. landfall recently, according to delivering data on Thursday. Beryl made landfall on July 8 near Matagorda, on the Texas. coast, lashing the state with 80-mph (130-kph) winds that caused. facilities damages and left more than 2 million clients. without electricity for days. Ports and energy business in lots of coastal cities, including. Freeport, suffered wind damage and sluggish repair of power. Freeport LNG, which shut its...

Financiers are carefully viewing stocks that might be impacted by the outcome of the Nov. 5 U.S. governmental elections, particularly those more exposed to federal government policy actions such as banking and clean energy. While U.S. President Joe Biden and Republican presidential candidate Donald Trump are secured a close election rematch, a. two-day /Ipsos survey showed that Trump had opened a. minimal lead in the race to the White House after surviving an. assassination effort. Here is a list of stocks and sectors that are likely to be. affected if either Trump or Biden serve a second governmental. term: FINANCIALS...

Investors are closely seeing stocks that could be impacted by the result of the Nov. 5 U.S. presidential elections , especially those more exposed to government policy actions such as banking and clean energy. While U.S. President Joe Biden and Republican governmental candidate Donald Trump are secured a close election rematch, a two-day /Ipsos poll showed that Trump had opened a limited lead in the race to the White House after making it through an assassination attempt. Here is a list of stocks and sectors that are likely to be impacted if either Trump or Biden serve a second governmental...

The amount of natural gas flowing to U.S. melted gas (LNG) export plants was on track to drop to a 12week short on Wednesday due to reductions at numerous plants, consisting of Freeport LNG in Texas, according to information from monetary company LSEG. For several years, LNG feedgas has actually been the fastest growing source of new U.S. gas need and the shutdown of any export plant, especially Freeport, can sway gas rates worldwide. On Monday, U.S. gas futures fell about 7% to a. 10-week low after it ended up being clear that Freeport would not return. to complete as...

A U.S. court on Tuesday purchased federal regulators to reassess the effect of greenhouse gas emissions from Commonwealth LNG's Louisiana liquefied natural gas task, possibly slowing full approvals for the venture. The U.S. Court of Appeals for the District of Columbia did not overturn the Federal Energy Regulatory Commission's 2022 approval of the project as it purchased the agency to reevaluate the emissions after ecological groups had taken legal action against saying they were not taken seriously. We believe it 'reasonably most likely' that on remand, the Commission can redress the defects in its (greenhouse gas). emissions and cumulative-effects analysis...