Exports
China was top destination for US LNG shipments in July
The DOE report shows that US terminals shipped 33.4 Bcf of LNG to China in July, 28.3 Bcf to India, 26.8 Bcf to Japan, 24.3 Bcf to Egypt, and 24.1 Bcf to South Korea. These […]
Month: September 2024
Electrical Generation / Utilities
PetroVietnam Power to start testing LNG power plant in October
In November 2021, PV Power broke ground on the Nhon Trach 3 and 4 plants in the southern province of Dong Nai, which are worth about $1.4 billion. Vietnam’s first LNG power plants will have a total […]
Commodities
Russian province boosting exports to Africa
The Krasnodar Region is expanding its trade with countries including Egypt and Cote D’Ivoire, the deputy governor has said The Krasnodar Region, one of Russia’s main agricultural hubs, continues to develop trade with Africa […]
Crude Oil News
2024 Natural Gas Slump
Daily Standup Top Stories Russia Ramps Up Arctic Oil Tanker Shipping to a New Record September 25, 2024 Stu Turley 15 oil tankers have crossed the Arctic waters so far this year With a month to […]
Finance
Here Comes the Inventory of New Spec Houses, Highest since 2009. Sales Jump, Builders Take Share from Homeowners
This buildup of completed single-family houses is a factor in resolving the price dislocations of the overall housing market. By Wolf Richter for WOLF STREET. Inventory of new completed houses jumped by 46% year-over-year, and by over 200% […]
Crude Oil News
U.S. Petroleum Inventories Fall More Than Expected
Crude oil inventories in the United States fell by 4.339 million barrels for the week ending September 20, according to The American Petroleum Institute (API). Analysts had expected a drop, but a much smaller one […]
Energy Transition
UK’s National Grid Admits It Doesn’t Have A Clue How To Reach Net Zero
A few weeks ago, Energy Secretary Ed Miliband and his Head of Mission Control, Chris Stark wrote a public letter to Fintan Slye of the National Grid ESO asking for practical advice on how to deliver a […]
Crude Oil News
Two basic facts are driving the ignorance of America’s forthcoming energy crisis
Shockingly, energy policymakers do not understand that electricity and transportation cannot exist without products made from fossil fuels. Political bureaucrats and policymakers seem to be oblivious to humanity’s addiction to oil, as they are to […]
Energy Tech
DoD Breaks Ground on Project Pele: A Mobile Nuclear Reactor for Energy Resiliency
The Department of Defense (DoD) has broken ground at Idaho National Laboratory (INL) on the Project Pele transportable nuclear reactor. The reactor, under a Strategic Capabilities Office (SCO) initiative, is being manufactured by BWXT Advanced […]
ENB Pub Note
Why are natural gas prices so low in 2024
The low natural gas prices in 2024 can be attributed to a combination of factors based on the information available up to September 25, 2024: High Inventory Levels: At the beginning of 2024, natural gas […]