Charif Souki, co-founder of the Lower 48’s first and largest LNG exporter, has his sights set on a third natural gas venture after his exit from Tellurian Inc.
The risk to U.S. oil and gas production comes from within, and a recession looms on the horizon.
Needed permit reform will take time and general policy uncertainty could slow-play natural gas projects.
“Don't be surprised if you see a lot of [Canadian] trade missions moving beyond North America,” an Ontario official said in a panel discussion on tariffs at CERAWeek by S&P Global.
President Trump said he would double his tariffs on Canadian steel and aluminum products in response to Ontario placing a 25% tariff on electricity supplied to the U.S.
The Canadian province of Ontario is imposing a 25% surcharge on electricity exports to New York state, Michigan and Minnesota to protest against U.S. President Donald Trump's tariffs on Canada, Premier Doug Ford said on March 10.
The last gas pipeline connecting Russia to Western Europe has shut down, but don’t expect a follow-on effect for U.S. LNG demand.
Production capacity in Guyana is expected to surpass 1.7 MMbbl/d, with gross production growing to 1.3 MMbbl/d by 2030.
Houston-based Cheniere adds to quickly growing U.S. production capacity.
However, the Department of Energy’s most recent report will likely be used in lawsuits against ongoing and future LNG export facilities.