US exports
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The ruling said the US Department of Energy must resume reviewing permits for domestic LNG export projects. -
Republicans have been raising concerns for weeks about a possible administration clampdown on natural gas exports. Now that it’s official, expect the congressional pushback to intensify.
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The Texas coast LNG terminal had been idled since a fire damaged a portion of the facility in June.
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A fresh batch of expansions and a new pipeline are set to provide operators offtake options.
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Canadian midstream giant adds key US oil export capacity via private-equity exit.
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The US Department of Energy has extended export terms for seven long-term LNG licenses until 2050. The extension affects projects currently under construction or pending the start of construction.
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US crude exports to China have decreased from peak levels in May and June, but Vortexa said there may be unique opportunities looking forward.
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The new bottleneck for Texas’ crude production is not onshore—it is offshore. Shallow ports have kept big tankers from taking away the state’s expanding supply which has attracted a slew of proposed export projects.
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The US EIA projects LNG export capacity will rise to 8.9 Bcf/D by the end of next year, making the US the third-largest exporting country in the world behind Australia and Qatar.
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If approved by the US Department of Transportation, the port facility would allow VLCCs and other tankers to directly load cargo, potentially removing a major hurdle for US crude oil exports.
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