Pietro D
Pitts
Hart Energy
Column: Higher LNG Exports May Turbocharge US Energy Transition
Nicknamed "freedom gas," U.S. LNG can provide Europe an alternative to Russian gas supplies, according to columnist Gavin Maguire.
OMV Bets on More LNG from ADNOC, Q3 Profit Soars
"For us, it is important that we diversify the gas supply for Austria, and this is a building block," OMV CEO Alfred Stern said of the company's LNG deliveries to diversify its gas supplies.
Germany Inks FSRU Deal with Excelerate to Diversify Gas Supply
Although it relied on Russian gas imports for just above half of its gas supply prior to Putin’s military invasion in Ukraine, Germany is now pivoting heavily to FSRUs to diversify its supply.
Saudi Arabia ‘Maturer Guys’ in Oil Spat with US, Energy Minister Says
When asked how the energy relationship with the U.S. could be put back on track, the Saudi energy minister said: “I think we as Saudi Arabia decided to be the maturer guys and let the dice fall.”
Saudi, China Agree to Strengthen Energy Cooperation
Prince Abdulaziz and his Chinese counterpart agreed to continue cooperation efforts to maintain stability in oil markets, SPA said, adding that the Kingdom continues to be China’s most reliable partner and supplier of crude oil.
US Says Russia Oil Price Cap Will Not Be Aimed at OPEC
The comments could help ease a spat between the U.S. and Saudi Arabia, the top oil exporter and de facto OPEC leader, over what Washington sees as collaboration with Russia to deprive markets of supply just as a global recession looms.
Freeport LNG Plant to Require Full US Approval Before Partial Restart
Texas' Freeport LNG, one of the U.S.' biggest LNG export plants, processes approximately 2 Bcf/d of natural gas and exports upwards of 15 million tonnes of LNG a year.
US Spot Crude Prices Could Weaken Following Sale of More Oil Reserves
Certain oil refineries prefer certain grades of crude, so the mix of barrels sold out of the Strategic Petroleum Reserve (SPR) could have a knock-on effect on the U.S. and global refining market.
Biden to Lay Out Plan to Complete Emergency Oil Sales, Support US Production
Biden will also lay out a plan to refill the emergency reserve in the upcoming years, but only at prices at or below a range of $67/bbl to $72/bbl for WTI, the official said. Biden’s hope is to send a signal to both consumer and producers.
US Could Sell Oil from Emergency Reserve This Week
"The administration has a small window ahead of midterms to try to lower fuel prices, or at least demonstrate that they are trying," a source familiar with the White House's Strategic Petroleum Reserve release deliberations said.