Exports From New LNG Terminal Begin as U.S. Cements Position as Market Leader
Exports from America's eighth liquefied natural...
Exports from America's eighth liquefied natural gas facility began this week, highlighted by an LNG carrier departing for Europe. This reinforces the US' position as the world's leading LNG exporter and provides tailwinds for President-elect Donald Trump as he urges Europe to increase US energy product purchases in his upcoming second term.
Venture Global, one of the largest US LNG developers, shipped its inaugural cargo of LNG from its Plaquemines export facility in Louisiana via a company-owned carrier named "Venture Bayou."
🇺🇸 Snapshots of Venture Bayou traveling down the Mississippi River, carrying the first export cargo from Plaquemines LNG
The ship is expexted to arrive in Germany on Jan 8th. 🇩🇪
Jimmy Carter, former president and celebrated humanitarian, dies at 100
Former President...
Former President Jimmy Carter died on Sunday at his home in Plains, Ga., after deciding nearly two years ago to forgo further medical care following a series of medical crises, according to two people close to the family and The Carter Center, the nonprofit he and his wife founded.
At 100, he was the longest-lived president in American history and became known as much for his post-presidential diplomacy and charitable works as for his single, economically turbulent term in office.
N.Y. law imposes $3B liability on fossil fuel producers
New York Gov. Kathy Hochul has signed a law requiring companies responsible...
New York Gov. Kathy Hochul has signed a law requiring companies responsible for significant emissions from 2000 to 2018 to contribute $3 billion annually for climate damage repair over 25 years. Modeled after the federal Superfund law, the legislation faces potential legal challenges, with the American Petroleum Institute criticizing it as a punitive fee on energy.
Oil settles up over 1% on large draw from US crude stocks
Reuters) - Oil prices settled more than 1% higher on Friday and recorded...
Reuters) - Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed by a larger-than-expected drawdown from U.S. crude inventories last week.
Brent crude futures rose 91 cents, or 1.2%, to settle at $74.17 per barrel. U.S. West Texas Intermediate crude futures rose 98 cents, or 1.4%, to $70.60 per barrel. On a weekly basis, both Brent and WTI crude gained about 1.4%.
U.S. crude oil inventories fell by 4.2 million barrels in the week ended Dec. 20 as refiners ramped up activity and the holiday season boosted fuel demand, data from the U.S. Energy Information Administration showed on Friday.
Analysts polled by Reuters had expected a 1.9 million-barrel drawdown, whereas figures from the American Petroleum Institute released earlier in the week estimated a 3.2 million-barrel draw, according to market sources.
Venture Bayou sets sail for Germany with Plaquemines' first LNG cargo
Venture Global has sent...
Venture Global has sent its first cargo of liquefied natural gas from the Plaquemines facility in Louisiana to Germany, marking a new chapter for US LNG exports. The tanker Venture Bayou is expected to arrive in Brunsbuttel, Germany, by Jan. 8, 2025, delivering the cargo to utility EnBW.
