platts

Australia’s bid to be the world’s largest LNG exporter may fizzle out

Australia’s bid to challenge Qatar as the world’s largest LNG exporter has been weakened by several factors including gas shortages, domestic supply commitments, natural declines at its LNG projects and the lack of a cohesive energy policy. As a result, Australia is unlikely to overtake Qatar’s LNG export volumes for any meaningful duration on a sustainable basis, an analysis of production data showed. In the most optimistic scenario Australia’s LNG

Trump wants to expedite a Texas pipeline project, but no one seems to know what it is

“I’m baffled,” one US government official said last week. “I have no clue,” said another. “I have absolutely no idea what he’s talking about,” one frustrated analyst said after an hour of phone calls. “I’m not sure anybody does.” On October 9, President Donald Trump told reporters aboard Air Force One that he was getting “expedited approval” for a Texas pipeline project. According to a press pool report, Trump gave

In the LOOP: Crude oil export cargoes from Louisiana to China dry up

September was the second month of halted US crude exports from Louisiana to China due to higher VLCC freight rates, a narrower Dubai/LOOP Sour spread and uncertainty over possible trade tariffs imposed by China on US crude. In September, no cargoes departed Louisiana for China, according to cFlow, S&P Global Platts trade-flow software. Additionally, no cargoes left Louisiana for China in August, according to export data from S&P Global Platts