LNG Surges to Six-Year High With Cold Snap in Importing Nations
Liquefied natural gas has made a dramatic rebound from a pandemic-induced demand collapse, and the rally in the heating and power-plant fuel could extend into next year.
December 18, 2020China to Buy $52 Billion of Additional US Energy Products
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, 2020States Question Safety of Shipping LNG by Rail
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.
January 14, 2020Japan Rushes to Establish LNG Bunkering Hub
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.
October 21, 2019Shipping Costs Are Soaring as LNG Vessels Drop Out of Service
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, 2019Small Ships Are Next Big Thing for LNG Market
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.
October 9, 2019Natural Gas Nears $2 Amid Work on Largest US Export Terminal
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.
August 5, 2019Cameron LNG Poised for First Export Shipment With First LNG Tanker
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.
May 29, 2019Trump Said to Consider Waiving US Ship Mandate for Natural Gas
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, 2019Chevron to Buy Anadarko in $33 Billion Bet on Permian Oil, LNG
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