U.S. Agrees to Ramp Up LNG Exports to Europe, Actively Reduce Natural Gas Demand

Credit to Author: Sonal Patel| Date: Wed, 30 Mar 2022 17:02:15 +0000

The Biden administration and the European Commission launched a multi-pronged effort that will dramatically ramp up U.S. liquefied natural gas (LNG) exports to the European Union (EU) but also reduce overall natural gas demand in the U.S. and EU through “accelerated market deployment” of clean energy measures. The measures are part of strategic energy cooperation […]

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Woodfibre LNG announces $625 million budget for this year, possibility of final investment decision soon

Credit to Author: Gordon Hoekstra| Date: Sun, 27 Mar 2022 00:08:20 +0000

“While we have not yet issued our final notice to proceed, this confirmed investment is indicative of our intent to start pre-construction work this year and complete this critical low-emission energy project in 2027.” — Woodfibre LNG president Christine Kennedy

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Ban on Russian Energy Imports Gains Bipartisan, Bicameral Steam in Congress

Credit to Author: Sonal Patel| Date: Mon, 07 Mar 2022 14:25:32 +0000

Eighteen bipartisan U.S. Senators are backing a bill that would direct the president to declare a national emergency and prohibit imports of Russian energy commodities, including crude oil, petroleum products, liquefied natural gas (LNG), and coal. While the measure does not include Russian uranium, a senior Department of Energy official said addressing U.S. reliance on […]

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Misguided EU Sustainability Targets Will Lock In LNG For Decades

Credit to Author: Guest Contributor| Date: Thu, 17 Feb 2022 02:40:29 +0000

EU policies to clean up shipping will lead to replacement of conventional marine fuels with fossil liquid natural gas (LNG), with little benefit to the climate. A quarter of Europe’s shipping will be fossil gas-powered by 2030 as misguided EU sustainability targets encourage an uptake of LNG, a new Transport & Environment study shows. This will […]

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Market sees strong demand for LNG

Credit to Author: The Manila Times| Date: Mon, 02 Mar 2020 16:20:15 +0000

GLOBAL demand for liquefied natural gas (LNG) grew by 12.5 percent to 359 million tonnes in 2019, according to Shell’s latest annual LNG Outlook’ a significant increase that bolsters LNG’s growing role in the transition to a lower-carbon energy system. 2019 saw key developments that are helping to reshape the industry, namely: an industry record […]

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