Author: Erick Parel

Harvest, Marathon Petroleum revive Kenai LNG import plans

Energy News Beat Harvest Alaska said on Thursday it has signed a deal with Marathon Petroleum (MPC) and Chugach Electric Association to bolster Southcentral Alaska’s energy supplies through Harvest’s acquisition and re-development of the existing Kenai LNG terminal, currently owned by MPC’s Trans-Foreland Pipeline. The project is designed to repurpose existing assets to enable the […]

Why Trump’s assault on USAID could change US foreign policy forever

Energy News Beat The president’s offensive against America’s ‘state within a state’ marks the end of an era Over the decades, the United States Agency for International Development (USAID) has evolved into a “state within a state” within American foreign policy. As significant in its influence as the Department of Defense or the State Department, […]

TotalEnergies CEO says partners working hard on Papua LNG

Energy News Beat TotalEnergies has a 37.55 percent operating stake in the Papua LNG project, ExxonMobil has 37.04 percent, Santos owns a 22.83 percent interest, and JX Nippon holds 2.58 percent. In April last year, the partners delayed the project’s FID to 2025, saying that they needed to keep working with contractors to obtain “commercially […]

Trump administration sued over USAID clampdown

Energy News Beat   The US president intends to keep fewer than 300 employees out of more than 10,000 at the agency, sources have told Reuters The largest US government workers’ union and an association of foreign service workers have sued the administration of US President Donlad Trump in an attempt to prevent the dismantling […]

Russian GDP grew 4.1% in 2024 – Mishustin

Energy News Beat   Manufacturing was the main driver of the country’s economic growth, according to the prime minister Russia’s GDP reached a record high last year, according to Prime Minister Mikhail Mishustin. The prime minister made the remarks on Friday during a meeting with Russian President Vladimir Putin on macroeconomic policies for sustainable growth. […]

Trump ready to ‘double down’ on Russia sanctions – envoy

Energy News Beat ENB Pub Note: General Kellogg is an excellent negotiator and is a good man for this job. That being said, he is in the middle of a real mess. The Biden administration did not do any favors and really botched this up. I have talked for a long time about Russian Natural […]

In Washington, Trump and Modi Could Build on Rapport

Energy News Beat The two leaders’ bonhomie will continue if the Indian prime minister makes accommodations on trade and illegal immigration. On the campaign trail last year, U.S. President Donald Trump referred to India as a “big abuser” of trade ties, despite the bonhomie that he seemed to enjoy with Indian Prime Minister Narendra Modi […]

Spot LNG freight rates remain at record lows, European prices climb

Energy News Beat Spark’s commercial analyst Qasim Afghan told LNG Prime on Friday that the Spark30S (Atlantic) assessment maintained relatively steady at $3,750 per day, and the Spark25S (Pacific) assessment dropped $1,750 per day to reach a new record low of $9,750 per day. “Spark’s calculated freight rates for 160 vessels in the Atlantic basin remain negative […]

AI freight agents are coming sooner than you think

Energy News Beat Mads Frank Markussen, head of freight research and FFA at grain brokerage Copenhagen Merchants, returns to the increasingly discussed issue of artificial intelligence and the future of chartering. Consolidation and financialization are reshaping global markets, particularly in the freight and commodity sectors. As a handful of larger players gain disproportionate control over […]

Odfjell beefs up chemical tanker orderbook

Energy News Beat EuropeTankers Odfjell Norwegian chemical tanker owner and operator Odfjell has penned contracts to add three more vessels to its orderbook. The Oslo-listed company revealed in its fourth-quarter earnings results it had signed up for one 25,000 dwt stainless steel newbuilding for delivery in 2026 and a pair of 49,000 dwt coated chemical […]