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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

International News

Nova Scotia premier pitches 40GW offshore wind energy plan

June 9, 2025 Mariel Alumit

Terna Energy The Canadian province of Nova Scotia has proposed a major offshore wind project with the end goal of constructing enough turbines to generate 40GW of electricity over the next decade. The premier of […]

Big Oil Companies

Shell taps Subsea 7 for work on gas field off Trinidad and Tobago

June 9, 2025 Mariel Alumit

Subsea 7 Offshore engineering and services player Subsea 7 has won a contract for work on Shell’s Aphrodite gas project offshore Trinidad and Tobago. The project involves the transportation and installation of subsea equipment at […]

Imports

China’s gas imports down in May

June 9, 2025 Mariel Alumit

The data from the General Administration of Customs shows that natural gas imports reached 10.10 million tonnes in May. This compares to 11.33 million tonnes in May 2024 and 9.66 million tonnes in April 2025. The country […]

Price
Finance

Inventory of Homes for Sale in Biggest California Markets Suddenly Piles Up to Highest in Years: Demand Has Collapsed

June 6, 2025 Mariel Alumit

Listings YoY: San Diego +66%, Los Angeles +47%, Orange County +79%, Riverside-San Bernadino +51%, San Jose & Silicon Valley +56%; San Francisco metro +40%, Sacramento +55%, Fresno +42%. By Wolf Richter for WOLF STREET. The problem is demand […]

ENB Pub Note

Another FSRU arrives in Egypt

June 6, 2025 Mariel Alumit

ENB Pub Note: I covered Egypt’s energy mix and why they need to import LNG rather than export here:Second FSRU arrives in Egypt – Why did an LNG export country now have to start importing […]

EIA News

US weekly LNG exports down to 25 cargoes

June 6, 2025 Mariel Alumit

EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 25 LNG vessels is 94 Bcf. This compares to 29 shipments and 109 Bcf in the week ending May 28. […]

Exports

Spot LNG shipping rates remain steady this week

June 6, 2025 Mariel Alumit

“Spark30S (Atlantic) freight rates held steady this week, decreasing marginally by $500 to $29,000 per day this week,” Spark’s commercial analyst Max Glen-Doepel told LNG Prime on Friday. Meanwhile, Spark25S (Pacific) rates also remained stable, […]

Gladstone LNG exports
Exports

Gladstone LNG exports drop in May

June 6, 2025 Mariel Alumit

About 1.80 million tonnes of LNG or 28 cargoes left the three Gladstone terminals on Curtis Island last month, GPC’s data shows. This compares to about 1.89 million tonnes of LNG or 28 cargoes in May 2024. May […]

Electric Vehicles

Salvors unable to reach fire-stricken Morning Midas until Monday

June 6, 2025 Mariel Alumit

ENB Pub Note: This is an ecological disaster, potentially unfolding. Current Status and Mitigation Crew Safety: All 22 crew members were safely evacuated, and no injuries have been reported, reducing immediate human risk. Response Efforts: […]

Balance Sheet
Finance

Fed Balance Sheet QT: -$36 Billion in May, -$2.29 Trillion from Peak, to $6.67 Trillion, Lowest since April 2020.

June 5, 2025 Mariel Alumit

The Fed improves its Standing Repo Facility to prevent another repo market blowout as the balance sheet continues to drop. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet declined by $36 billion in […]

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