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.
Sempra’s Chairman and CEO Jeffrey W. Martin says the U.S. is fortunate to have adequate or surplus natural gas supplies and an ability to produce about 100 Bcf/d of gas with about 20% earmarked for export.
US LNG exports will continue to European allies, high-level sources confirm.
Demand for crude oil in Asia has been strong, with refining margins for gasoline, diesel and jet oil hitting record highs.
Asia saw the biggest price increases across all crude grades, followed by Northwest Europe, the Mediterranean and the United States.
Venture Global CEO Mike Sabel said "pivoting towards cleaner natural gas from the United States will not only increase Poland's energy security but also decrease its carbon emissions."
Iranian Oil Minister Javad Owji said "good things will happen regarding Iran's oil sales in the coming months."
Saudi Arabia, the world's biggest oil exporter, was hit hard last year when oil prices plummeted.
Natural gas producers need export markets to absorb excess production and keep domestic prices buoyant.
Ottawa shifts to clean energy export effort following cancellation of the KXL pipeline.