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Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas, according to a filing.The company requires the time to build certain project facilities and make the liquefied natural gas export plant at the Port of Brownsville available for service by November 2031…
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Gunvor, Delfin Midstream Sign LNG Supply Deal
Commodity trading house Gunvor has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Delfin Midstream, it said in a statement on Wednesday.It is the second such deal between the two companies in two-and-a-half years. Delfin said in November 2023 it had entered into a long-term deal with Gunvor to supply 500…
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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal backed by its floating liquefied natural gas (FLNG) assets, three people familiar with the matter said.The contacts between Eni and the funds are at an early stage and there is no certainty that a de
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first such cargo crossed under an arrangement involving Iran and Pakistan, highlighting how cargoes are crossing the waterway on a case-by-case basis amid ongoing conflict risks.The vessel…
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Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its revenue due to at least a doubling of logistics costs, industry sources and analysts told Reuters.The European Union plans to fully phase out Russian LNG imports…
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Goldman Sachs reports that US natural gas production shows signs of price sensitivities
Goldman Sachs stated in a Tuesday note that U.S. Natural?Gas production shows signs of price sensitivity, as Henry 'Hub prices…
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Rwanda claims that Mozambique has provided funding for the continuation of Cabo Delgado Mission
Rwanda's Foreign Minister said that Mozambique had secured funds for Rwanda's army to maintain its deployment in the?insurgency-hit…
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US gas exporters request to delay EU methane regulations until 2028
A top official from the 'national suppliers' group said that the U.S. gas industry is asking Europe to delay enforcement…
Latest news
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Venezuelan Oil Minister tells Houston Conference that country is open to dispute resolution
The Venezuelan Oil Minister Paula Henao announced on Tuesday that the new framework for hydrocarbons in the country is open…
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EU to increase funding for farmers following Iran war that drives up fertiliser prices
The European Commission announced plans to offer additional emergency funds for farmers who are struggling with soaring fertilizer…
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ConocoPhillips is expecting Qatar gas JVs to be delayed by months, not years.
ConocoPhillips’?Europe Gas chief said that any delays in increasing the liquefied gas production capacity of its joint ventures…
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VEGOILS-Palm rises over Indonesia export control rumours
The Malaysian palm futures continued to rise on Tuesday, with rumours that Indonesia - the world's largest exporter - was…
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Shell CEO: Meeting oil demand for decades will be crucial
Shell CEO Wael Sawan said at the annual general meeting of shareholders on Tuesday that "meeting oil demands" will be essential in decades to come.
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CMB.Tech profits soar as tanker prices rise due to the disruption caused by Hormuz
The Belgian tanker firm CMB.Tech announced on Tuesday that its core profit had more than tripled in the 'first quarter, as…
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Eni is considering a third floating LNG platform in the Mozambique area
A spokesperson for the Italian energy?group Eni said that they are considering deploying a?third Floating?Liquefied Natural…
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Malaysia palm replanting slows due to rising fuel and fertiliser costs
Malaysian palm oil production is reducing replanting due to rising fuel and fertiliser costs, as well as the high price of vegetable oils.
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Palm oil falls as Chicago soyoil and crude oil weaken
The price of Malaysian palm oils fell on Tuesday, after posting the biggest daily gain since March. This was due to a weaker Chicago soyoil…
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Formentera: Asian gas buyers seek more Australian gas due to supply shortage
The energy-focused U.S. investment firm, 'Formentera Partners,' said Tuesday that many Asian buyers of?oil and gas?, including Japan…
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Australian Energy Producers claim that the gas review fails to meet supply goals
Australian Energy Producers' (AEP) Chairman Cecile Wake said on Tuesday that government's review of the gas market falls…
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MPOC: Crude palm oil price to remain around $1.110/ton by June.
The Malaysian Palm Oil Council stated that the price of crude palm oil is expected to remain at around 4,400 Ringgit ($1…
Shale Oil & Gas
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Australian Energy Producers claim that the gas review fails to meet supply goals
Australian Energy Producers' (AEP) Chairman Cecile Wake said on Tuesday that government's review of the gas market falls…
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McGeever: Central banks in the US have a rate problem.
The Federal Reserve and other central bankers are facing a serious problem due to the rapid acceleration of inflation in the U.S.
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What's behind Bolivia’s growing protests?
On Monday, supporters of Bolivia's leftist former president Evo Morales march through La Paz, escalating the unrest which…
LNG
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first…
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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal
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Gunvor, Delfin Midstream Sign LNG Supply Deal
Commodity trading house Gunvor has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Delfin Midstream…
Renewables
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Maguire: The NextEra-Dominion AI deal is not the last.
AI isn't just a way to increase electricity demand, it also resets the minimum scale for power supply. The proposed tie up…
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NextEra CEO feels "very good" about Dominion off-shore wind project
NextEra Energy's chief executive said that on?Monday, his company was pleased with Dominion’s investment in offshore winds.
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Draft shows EU wants to give more carbon credits for fertilisers
A draft proposal revealed that the European Commission was considering giving more free CO2 emission?permits if fertiliser companies ramped up "local…
