Venezuela’s leading opposition candidate María Corina Machado plans to privatize the upstream and downstream sectors and restructure the Caribbean country’s debt if elected president in 2024. Her main obstacle: she’s barred from holding public office.
Colombia’s mines and energy minister Irene Vélez-Torres resigned from the ministry, citing investigations against her use of power.
Australia, the U.S. and Qatar retained their bragging rights as the top three countries worldwide dominating LNG exports and global liquefaction capacity, the IGU revealed in its newest study.
OPEC’s Venezuela lost an average 2.07 MMbbl/d under its so-called “socialist” leaders, according to OPEC data, and now the country continues with efforts to break through a production ceiling that appears to be 800,000 bbl/d.
NextDecade Corp.’s $18.4 billion FID for Phase 1 of its Rio Grande LNG project is a key component of the U.S.’ next wave of LNG exports, an analyst with ICIS told Hart Energy.
U.S. LNG exporters could see cargos backing up as European storage levels near capacity and as Asian gas demand lags, with approximately 35 LNG ships sitting on the water for more than 20 or 30 days, according to a Bernstein report.
The final investment decision comes as NextDecade executed and closed a joint venture agreement for Phase 1 which included approximately $5.9 billion of financial commitments.
Mexico’s state-owned Pemex continues to confront a natural gas flaring problem owing to strong government components that, coupled with presidential elections on the horizon in 2024, are not likely to change the company’s flaring habits.
A Boston Consulting Group study reveals an $18 trillion energy transition investment gap between now and 2030, which threatens meeting net zero goals by 2050.
Argentina’s state-owned YPF SA and its Malaysian counterpart Petronas eye the need for $51 billion in investments over 15 years as part of their joint plans to build out 25 mtpa in liquefaction capacity near Bahía Blanca.
