Latest news with #RuthLiao
Bloomberg
08-05-2025
- Business
- Bloomberg
Shell's LNG Canada Plans First Exports as Soon as Late June
By , Anna Shiryaevskaya, and Ruth Liao Save Shell Plc 's liquefied natural gas project in Canada, the country's first large-scale export terminal for the fuel, is preparing to begin overseas sales as soon as late June. The facility is testing equipment ahead of the start of LNG production according to people with knowledge of the situation who asked not to be identified as the details are private. The export plans could change depending on the rate of progress at the project, the people said.
Bloomberg
19-03-2025
- Business
- Bloomberg
‘Drill, Baby, Drill' Mantra Set to Make US LNG Exports Less Competitive
Welcome to Energy Daily, our guide to the commodities markets powering the global economy. Today, US reporter Ruth Liao and Asia Energy Team Leader Stephen Stapczynski look at how the White House's 'drill, baby, drill' policy may have repercussions for domestic liquefied natural gas. President Donald Trump's push to make oil cheap again and rein in inflation may end up triggering unforeseen, and negative, consequences for US LNG exporters. The reason is that most liquefied natural gas producers abroad price their long-term contracts to a percentage of the benchmark oil price, an industry practice dating to the 1970s. The US, meanwhile, links the vast majority of its shipments to the domestic gas marker known as Henry Hub.
Bloomberg
09-03-2025
- Business
- Bloomberg
How Natural Gas Became America's Most Important Export
The White House's LNG-powered diplomacy will only expand in Trump's second term. By and Ruth Liao Ripping up old alliances and turning the post-World War II axis on its head would have been impossible for any previous American president because of the insatiable US thirst for imported energy. But the Trump White House is able to lean on an increasingly critical made-in-America commodity to exert new levels of geopolitical leverage: liquefied natural gas. The US, which in the span of about seven years transformed itself from an irrelevant supplier of LNG into the world's largest, is set to expand its production capacity by 60% in the first half of Donald Trump's second presidency, according to an estimate from BloombergNEF. By the end of the decade, almost 1 in every 3 tankers carrying the superchilled fuel will originate in the US, giving Trump his best chance to attain the energy dominance his campaign promised.
