LNG News Updates

Government, Business, Fuel

US Export Bank Approves Plan Seen as Boost for LNG Exporters

The U.S. Export-Import Bank approved a plan April 14 that could yield a flood of financing for U.S. energy ventures, including wind and solar projects, battery manufacturing and terminals to sell LNG overseas.

April 14, 2022
Government, Business, Fuel

US LNG Players Tout Carbon Capture in Bid to Boost Green Image

U.S. LNG developers seeking to burnish their green credentials and boost their competitiveness on a crowded global stage are touting a costly and largely untested technology: carbon capture.

May 6, 2021
Business, Equipment, Fuel

Baker Hughes Sees Up to Four LNG Investment Decisions in 2021

Baker Hughes Co. expects as many as four liquefied natural gas projects globally to move to a final investment decision this year amid a global revival of the fuel after last year’s pandemic-induced collapse.

January 21, 2021
Business, Fuel, Logistics

Winter LNG Boom Creates Most Expensive Cargo Ships in History

An unprecedented shortage of liquefied natural gas tankers has made them the most expensive ships ever hired to ferry commodities.

January 11, 2021
Business, Fuel

LNG Surges to Six-Year High With Cold Snap in Importing Nations

Liquefied natural gas has made a dramatic rebound from a pandemic-induced demand collapse, and the rally in the heating and power-plant fuel could extend into next year.

December 18, 2020
Government, Business, Fuel

China to Buy $52 Billion of Additional US Energy Products

China agreed to buy $52.4 billion of additional U.S. energy products as part of a landmark trade deal signed by the world’s two top economic superpowers.

January 15, 2020
Government, Business, Safety, Fuel, TCA

States Question Safety of Shipping LNG by Rail

The Trump administration’s plan to allow liquefied natural gas to be shipped by rail, in trains with as many as 100 tanker cars, lacks essential safeguards and exposes communities nationwide to the risk of lethal fires and explosions, representatives of California and other states said Jan. 13.

January 14, 2020
Government, Business, Fuel, TCA

Japan Rushes to Establish LNG Bunkering Hub

A United Nations-led call for action to tighten sulfur oxide emissions also may be a trigger accelerating a shift to natural gas as fuel for the global shipping fleet, and Japan is wasting no time trying to establish a refueling hub in Asia.

October 21, 2019
Government, Business, Fuel, Logistics

Shipping Costs Are Soaring as LNG Vessels Drop Out of Service

The day rate for a standard tanker east of the Suez Canal jumped 57% in the week to Oct. 9, as issues related to U.S. sanctions on units of China’s COSCO Shipping Corp. start to hit just as the heating season begins to boost demand.

October 11, 2019
Government, Business, Fuel

Small Ships Are Next Big Thing for LNG Market

Giant oceangoing tankers built the liquefied natural gas industry into a $150 billion-a-year business. The next expansion opportunity may come from ships a seventh of the normal size.

October 9, 2019