Latest news with #LNG
Malaysiakini
2 hours ago
- Business
- Malaysiakini
Why can't subsidise gas if we're 5th largest exporter
Why can't Malaysia subsidise gas for small traders if the country is the fifth-largest exporter of liquefied natural gas (LNG), asked MCA president Wee Ka Siong. Citing a report from the International Gas Union last year, he said Malaysia had exported approximately seven percent of the LNG in the world in 2023. 'Great in the eyes of the world, but...
Gulf Insider
4 hours ago
- Politics
- Gulf Insider
Biden Unaware Of Executive Orders 'Signed' By Autopen: Report
President Joe Biden issued 162 executive orders over the course of his Oval Office tenure, but according to a new report, most of them were signed by 'autopen,' giving rise to concerns that unelected White House staffers may have had more say in shaping policy than the president. The report is furthering those concerns and suggesting that Biden may not have even been aware of the existence of the orders being signed in his name. The American energy advocacy group Power the Future published the report Wednesday, examining eight Biden-era executive orders on climate change and U.S. energy policy, and found 'no evidence' that Biden ever spoke about or acknowledged the existence of any of these orders. 'Not in a press conference. Not in a speech. Not even a video statement,' Power the Future's report stated. Power the Future Executive Director Daniel Turner said in a statement, 'Americans deserve to know which unelected staffers or radical unnamed activists implemented sweeping change through an autopen. The Biden energy agenda destroyed the livelihoods of energy workers and fueled the record-high inflation that broke the budgets of millions of Americans.' He asked, 'The question is simple, and deserves an immediate answer: what did Joe Biden know, and when did he know it?' According to the Oversight Project, dedicated to government accountability, practically every order signed by Biden was signed via autopen, with the exception of his announcement withdrawing from the 2024 presidential election. The Oversight Project cited House Speaker Mike Johnson (R-La.), who questioned Biden on an executive order affecting liquefied natural gas (LNG) and reported that the president didn't remember signing the order. 'He looks at me, stunned, and he said, 'I didn't do that,'' Johnson recounted. He continued, 'And I said to him, 'Mr. President, yes you did, it was an executive order, like, you know, three weeks ago.' And he goes, 'No, I didn't do that.' … It occurred to me … he was not lying to me. He genuinely did not know what he had signed.' 'For investigators to determine whether then-President Biden actually ordered the signature of relevant legal documents, or if he even had the mental capacity to, they must first determine who controlled the autopen and what checks there were in place,' the Oversight Project wrote in a social media post. The accountability organization continued, 'Given President Biden's decision to revoke Executive Privilege for individuals advising Trump during his first Presidency, this is a knowable fact that can be determined with the correct legal process…' Click here to read more…
Time of India
8 hours ago
- Business
- Time of India
Natural gas availability rises 9.7% in April; LNG imports increase 19.1%: PPAC
New Delhi: India's natural gas availability for sale rose by 9.7 per cent to 5,416 million standard cubic metres (MMSCM) in April 2025 compared to 4,936 MMSCM in April 2024, according to provisional data released by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas. The increase in overall availability was driven by a 19.1 per cent rise in liquefied natural gas (LNG) imports, which stood at 2,977 MMSCM in April 2025 against 2,499 MMSCM in the corresponding month of the previous year. Gross domestic natural gas production fell to 2,908 MMSCM in April 2025, marking a 1.7 per cent decline from 2,958 MMSCM in April 2024. Net production available for sale also saw a marginal decline, registering 2,439 MMSCM in April 2025 compared to 2,437 MMSCM in the year-ago period. Natural gas consumption during the month stood at 5,847 MMSCM, with the fertiliser sector accounting for the highest share at 26 per cent, followed by city gas distribution (CGD) at 23 per cent, power generation at 15 per cent, refineries at 7 per cent, and petrochemicals at 5 per cent. In absolute terms, gas consumption by the fertiliser sector declined to 1,443 MMSCM from 1,652 MMSCM in April 2024. CGD consumption rose to 1,281 MMSCM from 1,213 MMSCM, while the power sector consumed 824 MMSCM, down from 945 MMSCM in the previous year. Refineries consumed 391 MMSCM, a decrease from 453 MMSCM, whereas the petrochemical sector saw a substantial rise to 297 MMSCM from 155 MMSCM in April 2024. Among states, Gujarat remained the top gas-consuming state with 43.82 million standard cubic metres per day (MMSCMD), followed by Uttar Pradesh at 27.78 MMSCMD, Maharashtra at 25.11 MMSCMD, and Delhi at 7.93 MMSCMD. Among offshore fields, western offshore contributed 6.66 MMSCMD. The total cumulative LNG imports during April 2025 increased to 2,977 MMSCM from 2,499 MMSCM in April 2024, while cumulative net domestic availability stood at 2,439 MMSCM. PPAC data also shows that total gas consumption surpassed the availability by 431 MMSCM in April 2025, reflecting a continued reliance on LNG imports to meet demand.
Globe and Mail
14 hours ago
- Business
- Globe and Mail
Long-Term Prosperity: Investing in America's Economic Pillars
If you believe in the U.S.'s long-term future, investing in sectors where the country has leadership, particularly the companies that lead the way, makes sense. In that vein, here's why Cheniere Energy (NYSE: LNG), GE Aerospace (NYSE: GE), and Tesla (NASDAQ: TSLA) are companies with a significant role in America's future. The United States is the largest liquefied natural gas exporter in the world From being a distant third behind Qatar and Australia in 2019, the U.S. has become the clear leader in liquefied natural gas (LNG) exports. According to the U.S. Energy Information Administration (EIA), the U.S. exported 11.9 billion cubic feet per day (Bcf/d) of LNG in 2024, while Qatar and Australia have exported no more than 10.7 Bcf/d annually during the past five years. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » That's in no small part due to Cheniere Energy, which exported 2,33 trillion British thermal units (TBtu) in 2024 -- a figure that equates to 6.37 Bcf/d. It has a 100% interest in the Corpus Christi LNG Terminal which has a current production capacity of 15 million tonnes per annum (mtpa), and a majority stake in Sabine Pass LNG Terminal, which has a current production capacity of 30 mtpa. The total 45 mtpa equals a nominal capacity of 5.92 Bcf/d, with Cheniere outperforming its nominal capacity in 2024. With the current administration strongly supportive of LNG (as opposed to the Biden administration, which froze new permits for LNG exports), Chief Executive Officer Jack Fusco believes "we have an opportunity and a strategic imperative to secure permits for significant growth at both Sabine and Corpus in order to derisk the permitting requirements of future project development with line of sight to a total capacity of over 90 million tonnes per annum." With expansion activity already set for 2025 (Corpus Christi) and a favorable administration in the White House, Cheniere's future looks bright. The U.S. dominates aerospace and defense While recognizing that Boeing has had its issues in recent years, and Airbus is a formidable competitor, there's little doubt that GE Aerospace is the clear market leader in commercial aerospace and defense engines. For example, its joint venture with France's Safran, CFM International, produces the LEAP engine -- the sole engine option on the Boeing 737 MAX, and one of only two options for the Airbus A320neo family. Incidentally, another American company, RTX, produces another option for the Airbus A320neo family. Moreover, GE's own GE9X is the only engine option on the new Boeing 777X, and its GEnx dominates orders on the Boeing 787. For example, the recent International Airlines Group order of 32 Boeing 787s for British Airways will be powered by the GEnx rather than a rival engine by the U.K.'s Rolls-Royce. Moreover, management believes its next generation of engines, RISE, will achieve a 20% improvement in fuel efficiency over the LEAP. Given that engines can have a 40-year life cycle and generate lucrative aftermarket revenue over that period, the combination of LEAP (entered service in 2016) and RISE (expected mid-2030s) could lead to a half-century of GE leadership in commercial aerospace engines. The Tesla Model Y is the best-selling car in the world Not only is Tesla's Model Y the best-selling electric vehicle (EV), but it is also the best-selling car in the world. Moreover, with all its production lines shifted to producing the refreshed version in 2025, and the legacy Model Y sold out in the U.S. and China, Tesla is ready to start improving Model Y sales again. In addition, Tesla has several positive catalysts in store, not least the launch of its robotaxi in Austin, Texas, in June (unsupervised autonomy on a Model Y); the mass production of its dedicated robotaxi vehicle, Cybercab, in 2026; and lower-cost models in 2025. Given Tesla's checkered history of delivering on its aims on time and the disappointing sales of Cybertruck, it's fair to doubt the timing of these events. However, there is no doubt about Tesla's ability to lower its cost of goods per vehicle. It fell below $35,000 at the end of 2024, compared to $84,000 in 2017, and more than $38,000 at the start of 2023. This is a key point because it enables Tesla to generate higher profit margins, release lower-cost models, and stay ahead of the competition. It also helps ensure Tesla can get robotaxis (where the company's real value lies) on the road (whether modified existing Teslas or dedicated Cybercabs), which will be highly competitive with Waymo's offering. CEO Elon Musk may well be a divisive figure, but the reality is that he's driven Tesla to a leadership position in the key sports utility vehicle (SUV) market with the Y (and to a lesser extent, in the sedan market with the Model 3) in the U.S. when otherwise, American cars were also-rans in the categories before. If America leads the way in EVs and robotaxis, it's highly likely that Tesla will be out in front. Should you invest $1,000 in Cheniere Energy right now? Before you buy stock in Cheniere Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Cheniere Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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E&E News
14 hours ago
- Business
- E&E News
Regulator OKs some construction at Louisiana gas export terminal
The developer of a large gas export terminal in Louisiana can move ahead with a limited set of construction activities, federal regulators said Friday, a week after they reaffirmed the project's authorization. Venture Global can proceed with a handful of activities tied to the company's CP2 LNG project planned in the southwest part of the state, the Federal Energy Regulatory Commission said in a brief letter signed by an official in the agency's gas branch. Those activities include the construction of temporary facilities, like access roads and parking areas, as well as site preparation and the installation of water wells, the letter said. Advertisement The approval, or 'limited notice to proceed with construction,' does not give CP2 'the authority to construct other project facilities at the LNG terminal,' it continued. A separate letter from the commission's LNG branch, also issued Friday, said Venture Global could start on construction activities tied to a storm surge wall.
