Energy News Beat Under the SPA, Gunvor Singapore will buy 0.5 mtpa of LNG on a FOB basis for 20 years from Texas LNG, according to a statement by Texas LNG. The agreement converts a previous non-binding heads of agreement between the two companies announced in March 2024. The majority of Texas LNG’s offtake volume […]
Energy News Beat In the ever-evolving landscape of global energy, the narrative of an impending “peak” in fossil fuel demand has long been a cornerstone of climate policy and investment strategies. Proponents argued that as renewables like wind and solar scale up, oil, gas, and coal consumption would inevitably plateau and decline within the decade. […]
Energy News Beat In a candid interview with the Financial Times, U.S. Energy Secretary Chris Wright didn’t mince words about the global push for net-zero emissions by 2050. “Net zero 2050 is just a colossal train wreck… It’s just a monstrous human impoverishment programme and of course there is no way it is going to […]
Energy News Beat ENB Pub Note: This is an interesting article from Andrew Korybko’s Newsletter on Substack. Interesting potential issues and take nothing on face value during this time of false flags and governments we cannot trust. It is clear that the EU, the UK, and Zelensky want the war to continue. I do not […]
Energy News Beat By ZeroHedge The global oil and gas industry is facing a severe downturn with widespread job losses and investment cuts. Falling crude prices, exacerbated by OPEC+ output increases, are making it difficult for western majors to fund projects and shareholder payouts. The downturn is significantly impacting the US shale industry and raising concerns […]
Energy News Beat ENB Pub Note: This article is from the Substack of Robert Bryce and it is fantastic. The world is waking up, and the rejection of the wind, solar and storage projects is growing. Don’t get me wrong, solar without subsidies has its place, and the grid has to take into account the […]
Energy News Beat In a dramatic turnaround amid California’s escalating energy crunch, state legislators are reportedly negotiating to hand over hundreds of millions of dollars to Valero Energy Corp. to prevent the shutdown of its Benicia refinery in the San Francisco Bay Area. The facility, which processes 145,000 barrels per day, was slated to cease […]
Energy News Beat The agreement establishes a framework for long-term collaboration that will leverage Argent LNG’s US export capacity and EPIAS’s role as Turkiye’s central energy trading platform, according to a statement sent to LNG Prime. The deal was signed on Tuesday during the Gastech exhibition and conference, currently being held in Milan, Italy. Are […]
Energy News Beat Under the HoA, TotalEnergies will deliver 1 million tons of LNG per year over a 10-year period starting from the end of 2027, according to TotalEnergies. Awarded to TotalEnergies by Kogas following an international tender, this contract increases to 3 Mt per year from 2028 onward the volume of LNG supplied by […]
Energy News Beat NextDecade said late on Tuesday that it has closed financial transactions to fully fund Train 4 and related infrastructure, and issued a full notice to proceed to Bechtel for the unit. Train 4 has expected LNG production capacity of approximately 6 mtpa, bringing the total expected LNG production capacity under construction at […]
