Houston-based Cheniere signed a long-term sale and purchase agreement with PetroChina for an LNG supply deal with the Chinese company spanning 24 years.
“The demand destruction is only still two weeks but sufficient to say it’s there. That's the big takeaway,” analyst John Kilduff, said after U.S. gasoline inventories posted a larger-than-expected build on weakened demand.
Repairs are underway to restore full service on TC Energy's Keystone pipeline after it was reported operating at reduced capacity on July 18.
The return of the turbine from Canada to the Russian Portovaya compressor station, a crucial element of Nord Stream, has been in focus for the past month since Russian energy producer Gazprom reduced gas supplies to Germany.
Water in and out as well as hydrocarbon transport sustain new completion techniques for U.S. shale producers.
Manchester Energy is led by CEO Khalid Muslih and four other founding members consisting of long-tenured energy executives with a strong track record of value creation.
The U.S. rises in the ranks to become the world’s second largest LNG exporter, only behind Australia, after recent liquefaction expansions.
The Port Arthur LNG agreement with Sempra positions ConocoPhillips as among the largest natural gas producers in the U.S., said CEO Ryan Lance, who added ConocoPhillips is also interested in expanding its LNG presence.
“Today’s inventory stats and overall builds in crude and products are indicative of investor worries on the overall economy,” said Tony Headrick, energy markets analyst at CHS Hedging, following the EIA report.
Former Ernst & Young partner and industry veteran Deborah Byers joined Excelerate Energy's board of directors and will serve as chairperson of the audit committee.