The U.S. has extended the comment period on a federal study of the economic and environmental impacts of the booming liquefied natural gas (LNG) export business after advisers had urged President Donald Trumpto take a patient approach to prevent approvals from getting overturned in court.
France's TotalEnergies has further delayed its $20 billion liquefied natural gas (LNG) project in Mozambique, citing ongoing security concerns, the Financial Times reported on Wednesday.
"Portugal to increase LNG purchases from US, Nigeria, reduce Russian imports" was originally created and published by Offshore Technology, a GlobalData owned brand.
Within hours of returning to the country’s highest office Monday, President Donald Trump formalized his support for the $44 billion Alaska LNG Project.
The United States is now supplying liquefied natural gas to Ukraine, a move implemented in the final days of the Biden Administration.
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Industry praise lifting of LNG permitting pause
The move came in an executive order directed at energy and ordered the Energy Department to resume reviewing applications for new permits. The pause began last January when then-President Joe Biden ordered his administration to study the climate, economic and social security implications of increasing LNG exports.
TotalEnergies has further delayed its troubled $20bn liquefied natural gas project in Mozambique as security concerns and political uncertainty dog one of Africa’s biggest energy investments.
In tandem with this tie-up with Santos, Tamboran assured that it also remains committed to developing the proposed NT LNG project, also at Middle Arm, for which US contractor Bechtel is performing pre-front engineering and design (pre-FEED) work.
An open letter Wednesday signed by 126 non-governmental organizations urged public and private lending institutions to end financing for a Mozambique liquified natural gas facility being built by France's TotalEnergies.
TotalEnergies SE hired a Washington lobbyist to help approve key export financing in an effort to revive its Mozambique liquefied natural gas project, which has been on hold for years due to security threats.
LNG exporter Venture Global lowered the offer price for its initial public offering in the U.S. on Wednesday, effectively increasing the number of shares it plans to sell and targeting a valuation of as much as $65.