Government, Business, Fuel

China to Buy $52 Billion of Additional US Energy Products

Oil tank farm in Midland, Texas Oil tank farm in Midland, Texas, by Luke Sharrett/Bloomberg

China agreed to buy $52.4 billion of additional U.S. energy products as part of a landmark trade deal signed by the world’s two top economic superpowers.

January 15, 2020
Government, Business, Safety, Fuel, TCA

States Question Safety of Shipping LNG by Rail

LNG Construction at Cheniere Energy Inc.'s LNG terminal. (Cheniere Energy via Bloomberg News)

The Trump administration’s plan to allow liquefied natural gas to be shipped by rail, in trains with as many as 100 tanker cars, lacks essential safeguards and exposes communities nationwide to the risk of lethal fires and explosions, representatives of California and other states said Jan. 13.

Bob Egelko | San Francisco Chronicle
January 14, 2020
Government, Business, Fuel, TCA

Japan Rushes to Establish LNG Bunkering Hub

Nippon Yusen KK container ship Nippon Yusen KK containership by Kiyoshi Ota/Bloomberg

A United Nations-led call for action to tighten sulfur oxide emissions also may be a trigger accelerating a shift to natural gas as fuel for the global shipping fleet, and Japan is wasting no time trying to establish a refueling hub in Asia.

Osamu Tsukimori | Japan Times (Tokyo)
October 21, 2019
Government, Business, Fuel, Logistics

Shipping Costs Are Soaring as LNG Vessels Drop Out of Service

LNG Bloomberg News

The day rate for a standard tanker east of the Suez Canal jumped 57% in the week to Oct. 9, as issues related to U.S. sanctions on units of China’s COSCO Shipping Corp. start to hit just as the heating season begins to boost demand.

October 11, 2019
Government, Business, Fuel

Small Ships Are Next Big Thing for LNG Market

LNG Geert Vanden Wijngaert/Bloomberg News

Giant oceangoing tankers built the liquefied natural gas industry into a $150 billion-a-year business. The next expansion opportunity may come from ships a seventh of the normal size.

Anna Shiryaevskaya | Bloomberg News
October 9, 2019
Business, Fuel

Natural Gas Nears $2 Amid Work on Largest US Export Terminal

LNG SeongJoon Cho/Bloomberg News

Natural gas futures slid toward $2 per million British thermal units, a level that hasn’t been breached in three years, as fading summer heat and maintenance on the largest U.S. export terminal leave the market struggling to absorb a barrage of supply from shale basins.

Naureen S. Malik | Bloomberg News
August 5, 2019
Business, Fuel, Logistics, TCA

Cameron LNG Poised for First Export Shipment With First LNG Tanker

LNG An LNG tanker (SeongJoon Cho/Bloomberg News

Cameron LNG is poised to load its first export shipment of liquefied natural gas after the arrival of the first LNG tanker at its Louisiana facility.

Sergio Chapa | Houston Chronicle
May 29, 2019
Government, Business, Logistics

Trump Said to Consider Waiving US Ship Mandate for Natural Gas

Lindsey Janies/Bloomberg News

President Donald Trump is considering waiving the requirement that only U.S.-flagged vessels can move goods from American ports to Puerto Rico or energy-starved areas of the Northeast, according to sources familiar with the deliberations.

April 24, 2019
Business, Fuel

Chevron to Buy Anadarko in $33 Billion Bet on Permian Oil, LNG

Chevron Andrew Harrer/Bloomberg News

Chevron Corp. agreed to buy Anadarko Petroleum Corp. in a $33 billion deal that adds U.S. shale oil and African liquefied natural gas and puts it in the top ranks of the world’s largest energy companies.

April 12, 2019
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