FERC will align with President Biden’s climate goals but the energy transition cannot be done “on the backs of oil and gas workers,” says Ken Irvin, co-leader of global energy practice with Sidley Austin.
Qatar Petroleum and Exxon Mobil are betting big on LNG and natural gas as the demand outlook appears promising for both.
The $8 billion Jordan Cove LNG export project in Oregon is one of several major energy projects that received strong support from former U.S. President Donald Trump but have since failed to move forward.
Demand was 360 million tonnes last year, up slightly from 2019’s 358 million tonnes.
Cheniere Energy’s move to start providing greenhouse gas emissions data associated with each LNG cargo produced is a “critical first step for the industry” to improve its environmental performance, says CEO Jack Fusco.
WaveCrest Energy will initially focus on Latin American and Asian markets, helping enable a switch to natural gas, Macquarie Capital said.
The government plans to supply the gas to several power plants.
The Texas Railroad Commission, though, likely does not have the authority to interfere with contracts between companies to sell gas out of state, says Commissioner Jim Wright.
Texas Governor Greg Abbott ordered the restrictions on out-of-state supplies of natural gas from Texas through Feb. 21, citing the weather emergency. Mexico is Texas’ main out-of-state customer for gas.