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LNG
Government, Business, Fuel

Ruling Paves Way to Restart Work on Exxon’s Texas LNG Plant

Exxon logo at gas station

A bankruptcy judge on July 24 approved a settlement that will allow other companies to finish work on an Exxon gas export project in Texas.

Ruth Liao and Alex Wolf | Bloomberg News
July 24, 2024
Government, Business, Fuel

LNG Export Project at Center of Firestorm Set for Vote

LNG storage tank

Federal regulators are set to decide the fate of a long-stalled natural gas export project that has been at the center of a political firestorm over climate change and energy policy.

Ari Natter and Ruth Liao | Bloomberg News
June 21, 2024
Government, Business, Fuel

Biden Freezes Approvals of New Licenses for LNG Exporters

LNG tanker Louisiana

The Biden administration on Jan. 26 halted the approval of new licenses to export U.S. liquefied natural gas — a moratorium likely to disrupt plans for billions of dollars in projects.

Bloomberg News
January 26, 2024
Government, Business, Safety, Fuel

Daily Fuel Tanker Costs Eclipse $100,000 for Some in Red Sea

Fuel tanker in Red Sea

Some oil tanker earnings have soared above $100,000 a day as the disruption of shipments through the Red Sea persists.

Alex Longley | Bloomberg News
January 25, 2024
Business, Fuel, Logistics

Deep Freeze Forces US LNG Exporters to Cancel, Delay Cargoes

Snow in Iowa

The recent freeze across Texas and Louisiana disrupted scheduled exports of U.S. liquefied natural gas, temporarily tightening some supply of the heating and power-plant fuel.

Ruth Liao and Stephen Stapczynski | Bloomberg News
January 18, 2024
Government, Business, Safety, Fuel

LNG Shipping Rates Dip on Lower Demand Despite Red Sea Chaos

LNG tanker

It’s getting cheaper — at least for now — to rent a liquefied natural gas tanker despite turmoil in the Red Sea that is forcing some vessels to take longer and more costly routes.

Anna Shiryaevskaya | Bloomberg News
December 20, 2023
Government, Business, Fuel

BP Asks Regulators to Aid in Venture Global LNG Cargoes Feud

BP gas station

BP asked U.S. energy regulators to intervene in its fight with Venture Global LNG over liquefied natural gas cargoes, escalating a feud that’s roiled the market for the super-chilled fuel.

Ruth Liao | Bloomberg News
December 12, 2023
Government, Fuel, Logistics, Global Freight

Greek Shipping Giant Warns Panama Canal Chaos May Hit Suez

Ships in Panama Bay

Congestion at the Panama Canal could result in delays at Egypt’s Suez Canal, possibly affecting cargoes of liquefied natural gas, according to an official at Angelicoussis Group.

Anna Shiryaevskaya | Bloomberg News
November 29, 2023
Government, Business, Fuel

Stuck Australian Gas Tanker May Spur Global LNG Price Rise

Australian LNG processing equipment

A loaded liquefied natural gas tanker is stuck at an export terminal in Australia and will disrupt some shipments, adding to supply concerns ahead of the Northern Hemisphere winter.

David Stringer and Stephen Stapczynski | Bloomberg News
November 28, 2023
Business, Technology, Fuel

LNG Market Supply to Remain Tight for Years, Top Producers Say

LNG

Liquefied natural gas will be in short supply in the coming years as production lags behind surging demand from Europe, according to the world’s top producers of the fuel.

Elena Mazneva and William Mathis | Bloomberg News
October 5, 2022

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