“The administration’s decision to freeze review of new LNG terminals is deeply disturbing and raises significant risks around the globe,” said Marty Durbin, president of the US Chamber of Commerce’s Global Energy Institute.
BP Plc (LON: BP) asked US energy regulators to intervene in its dispute with Venture Global LNG Inc. over liquefied natural gas cargoes, escalating a feud that’s roiled the market for the super-chilled fuel.
“Our team will continue to deliver on our mission to bring more clean, low-cost US LNG to the global market in the coming years to support the world’s rapidly growing demand for energy.”
Germany is in negotiations with some of the world’s top liquefied natural gas suppliers, including energy giant Shell, to replace Russian fuel with alternative supplies.
Venture Global LNG has taken final investment decision (FID) on its Plaquemines LNG, with the largest project financing package globally this year.
Venture Global LNG has signed up to provide ExxonMobil’s Asian unit with 2 million tonnes per year of LNG.
As European gas prices hit new record highs, US LNG producers are swinging into action on future supply.
US-based Venture Global LNG has signed a pair of liquefied natural gas (LNG) supply deals with China National Offshore Oil Corporation (CNOOC). Significantly, the move underscores China’s increasing appetite for US LNG and it marks the first LNG supply agreement signed by a US exporter with CNOOC, China's largest importer of LNG.
US liquefied natural gas (LNG) developer Venture Global LNG has signed a trio of supply deals with China’s Sinopec. Significantly, the sales contracts will more than double China’s imports of LNG from the US.