Cheniere Energy has announced that the first commissioning cargo of liquefied natural gas (LNG) has loaded and departed from its Corpus Christi liquefaction facility in Texas, marking the first export of LNG from The Lone Star State and from a “greenfield” liquefaction facility in the lower 48...
us lng exports
Shale Boom Raises Specter of New Glut: Gulf Coast Oil Terminals
By Catherine Ngai (Bloomberg) — The race to export U.S. shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a very limited pie. Within 18 months, new pipelines opening in the nation’s most prolific shale basin promise to carry an added 2 million...
Cheniere Bets $15 Billion on World Gas Demand Despite Tariff
By Naureen S. Malik (Bloomberg) — Wearing a hardhat and orange vest, Ari Aziz climbs metal steps under a blazing sun until he’s standing atop an 180-foot-high tank in Corpus Christi, Texas. It’s big enough, he proudly points out, to hold a jumbo jet placed diagonally. Aziz is supervising more than...
How Toshiba Lost $806 Million Buying Into America’s LNG Boom
By Dan Murtaugh, Stephen Stapczynski and Aibing Guo (Bloomberg) — Buy high, sell low and guarantee a loss. It’s not exactly what Toshiba Corp. planned when it dipped its toes in liquefied natural gas trading. Yet that’s exactly how it turned out, as the Japanese industrial giant capped off its...
Qatar Said to See $40 Billion Income Gain From Gas Expansion
By Mohammed Aly Sergie (Bloomberg) — Qatar will generate $40 billion in additional export revenue once it completes its natural gas expansion project in 2024, according to a person with direct knowledge of the matter. Rising income from sales of liquefied natural gas will leave the government with...