Mexico Pacific and Korea’s POSCO International Corp. signed a 20-year sales and purchase agreement for the Asian company to acquire 0.7 mtpa of LNG from the proposed the Saguaro Energía LNG facility on Mexico’s Pacific Coast.
Crude prices will strengthen through 2024 before falling in 2025 due to lower liquid fuels consumption, particularly in China, the U.S. Energy Information Administration reported.
The energy exporting facility will be developed on Ridley Island, British Colombia, on a 190-acre site adjacent to AltaGas and Vopak’s existing propane exporting terminal.
Baltimore handled exports of 28 million short tons last year, making up 28% of total U.S. coal exports.
Israel said on Feb. 26 that gas supplies to Egypt and Jordan rose by about 25% in 2023.
From shale boom to net zero goals, industry experts grappled with the contradictions facing the energy industry during SPE’s Hydraulic Fracturing Technology Conference.
Recent moves by U.S. President Joe Biden targeting the country’s LNG industry, which has a number of projects in the works, are an attempt to satisfy environmentalists ahead of the next upcoming presidential election.
Glenfarne expects the Texas LNG project’s commercialization to be completed in the first half of 2024.
Datanalisis President Luis Vicente León spoke with Hart Energy about the realities of U.S. sanctions on Venezuela to force free elections and the results: President Nicolás Maduro’s chief political rival is barred from holding office.
Lake Charles LNG is facing regulatory hurdles with the Department of Energy, Energy Transfer executives said during second-quarter earnings call.