Business, Fuel, Logistics

Excelerate Energy ‘Open for Business’ When Natural Gas Prices Spike

LNG Vessel owned by Excelerate Energy LP. (Naureen S. Malik/Bloomberg News)

A red-hulled tanker is drifting in Massachusetts Bay, trying to capitalize on the two-month window when natural gas in this region can become the most expensive in the United States, and sometimes the world.

Naureen S. Malik | Bloomberg News
February 25, 2019
Government, Business, Technology, Fuel

Los Angeles Nixes Plan to Upgrade Three Natural Gas Generators

LNG Ken James/Bloomberg News

Los Angeles will ditch a plan to spend billions rebuilding three natural gas-fired power plants as the city moves toward getting all of its electricity from renewable energy.

Mark Chediak | Bloomberg News
February 14, 2019
Business, Logistics

As China Reduces Pollution, Value of Vessels Transporting LNG Increases

LNG Vessel SeongJoon Cho/Bloomberg News

The world’s biggest shipbuilder sees China’s cleanup of its smoggy skies lifting prices of the vessels this year.

Kyunghee Park | Bloomberg News
January 29, 2019
Business, Fuel, Logistics, TCA

Crowley Launches Second LNG Cargo Vessel

Crowley tugboat A Crowley Maritime Corp. tugboat (Ted S. Warren/Associated Press)

Taino’s arrival gives Jacksonville a fourth cargo ship powered by natural gas for Puerto Rico shipments, putting the port at the vanguard in using a fuel source that only recently became tried and tested in cargo ships. Jacksonville-based Crowley Maritime owns two of the ships.

David Bauerlein | The Florida Times-Union (Jacksonville, Fla.)
January 9, 2019
Government, Business, Fuel

Amid an Export Boom, the US Is Still Importing Natural Gas

Natural Gas An electric oil pump jack is seen near a flare at night in an oil field in Texas. (Luke Sharrett/Bloomberg News)

The U.S. may be exporting natural gas at a record clip, but that hasn’t stopped it from accepting new imports. A tanker with fuel from Nigeria is sitting near the Cove Point import terminal in Maryland, while a second ship with Russian gas is idling outside Boston Harbor.

Naureen S. Malik | Bloomberg News
December 28, 2018
Government, Business, Fuel

Natural Gas Holds Gains After Biggest Jump in Eight Years

lng plant Ty Wright/Bloomberg News

Natural gas took a breather after its biggest gain in eight years as forecasts for lingering U.S. cold spurred concern supplies may not be enough to meet winter demand.

Christine Buurma and Rachel AdamsHeard | Bloomberg News
November 15, 2018
Business, Technology

Crowley Maritime Christens LNG-Powered Cargo Ship

Crowley tugboat A Crowley Maritime Corporation tugboat. (Ted S. Warren/Associated Press)

Fair winds and following seas greeted El Coqui — hailed as the future of modern maritime trade with its cleaner-burning liquefied natural gas engines and cutting-edge technology — as she sailed Oct. 20 from Jacksonville with cargo bound for Puerto Rico.

Teresa Stepzinski | The Florida Times-Union (Jacksonville, Fla.)
October 22, 2018
Business, Fuel, TCA

Shipping Costs for Liquefied Natural Gas Expected to Rise

Natural gas truck Daniel Acker\Bloomberg News

Liquefied natural gas shipping costs will increase, driven by rising charter rates, higher fuel costs and the growth in interbasin trade flows, according to estimations by Fitch Solutions Macro Research.

Leman Zeynalova | Trend News Agency
October 2, 2018
Business, Fuel, Logistics

Melting Arctic Ice Opens New Energy Trade Route

The Christophe de Margerie is moored in St. Petersburg, Russia The Christophe de Margerie, shown moored in St. Petersburg, Russia, in 2017, was the world’s first ice-breaking LNG tanker built. (lga Maltseva/Pool Photo via AP)

A new trade route for energy supplies is opening up north of the Arctic Circle as some of the warmest temperatures on record shrink ice caps that used to lock ships out of the area.

Bloomberg News
August 28, 2018
Government, Business, Fuel

Trump Trade Spat Threatens US LNG Exporters

Cheniere Energy's LNG terminal in Sabine Pass, La. Cheniere Energy's LNG terminal in Sabine Pass, La. (Cheniere Energy via Bloomberg)

PetroChina, a unit of the state-owned China National Petroleum Corp., may suspend its buying of U.S. liquefied natural gas cargoes during the colder months, just as new American LNG terminals start up.

Rachel Adams-Heard and Ryan Collins | Bloomberg News
August 14, 2018