Some U.S. manufacturers, utilities and consumer advocates worry exporting gas will drive up electricity prices and deepen reliance on coal. Energy companies are honing plans to export natural gas faster than President Obama can call the United States the “Saudi Arabia of natural gas,” and that’s raising new questions about the country’s energy policies. Multinational [...]
At the start of the Global LNG Day at the European Energy Conference in Vienna, Austria, conference chair David Ledesma of energy consultancy South-Court Ltd. said interesting things were happening that were affecting the LNG business. For one, he described a “globe with two halves” – stable reduced demand in mature markets and the new markets growing [...]
Qatar Petroleum (QP) could reconfigure its US import terminal to export gas in a bid to cash in on the US supply glut arising from the shale gas revolution, says one of Qatar’s prime ministers. The multibillion-dollar facility was procured before the US began producing abundant quantities of natural gas from hydraulic fracturing – or [...]
BP and ConocoPhillips now believe a major liquefied natural gas project is the best option for marketing North Slope gas, the chief executive officers of the two companies said following meetings with Gov. Sean Parnell Thursday morning. Robert Dudley of BP, James Mulva of ConocoPhillips and Rex Tillerson of ExxonMobil met with Parnell and then, [...]
Cheniere Energy has announced plans for a second proposed terminal to ship U.S. supplies of the fuel overseas. The project would be located near Corpus Christi, Texas, on a site Cheniere previously designated for an import terminal, the Houston-based company said in a statement. No construction timeline or cost estimate was provided for the plant, [...]
Cheniere Energy Partners has entered into a long-term gas supply with the Gas Authority of India Limited (GAIL) for the Indian state owned company to buy 3.5 million tonnes a year of liquefied natural gas. “GAIL has signed a sales and purchase agreement [SPA], for supply of LNG over 20 years, with Sabine Pass Liquefaction, [...]
Big Oil is redrawing the energy map. For decades, its main stomping grounds were in the developing world—exotic locales like the Persian Gulf and the desert sands of North Africa, the Niger Delta and the Caspian Sea. But in recent years, that geographical focus has undergone a radical change. Western energy giants are increasingly hunting [...]
In a turnaround that would have been unthinkable a few years ago, the US is predicted to become the world’s top oil and gas producer by 2020, passing Russia and Saudi Arabia. The growth in extraction from shale has made the US the world’s largest producer of natural gas. It is now poised to enter [...]
Nexen Inc. has announced a $700-million deal with Japan’s largest oil and gas company to develop its shale gas lands in northwestern British Columbia, with tentative plans to build a liquefied natural gas export terminal on the west coast. In a release early Tuesday, the Calgary-based oil company said it will sell a 40 per [...]
Cheniere Energy will sell all the capacity at its proposed Sabine Pass LNG plant by April. “We will be sold out by April – all four trains. We have a very large number of parties that we are negotiating with,” Cheniere’s Charif Souki told Reuters. Houston-based Cheniere plans to begin construction on the $5 billion [...]
