• 4 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 7 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 12 hours Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 5 hours Visualizing How Much Oil Is In An Electric Vehicle (Hint: a heckuva lot)
  • 4 hours Theresa May to Step Down
  • 5 hours Look at the LONGER TERM bigger picture of international oil & gas. Ignore temporary hiccups.
  • 16 hours Total nonsense in climate debate
  • 16 hours IRAN makes threats, rattles sabre . . . . U.S. makes threats, rattles sabre . . . . IRAQ steps up and plays the mediator. THIS ALLOWS BOTH SIDES TO "SAVE FACE". Then serious negotiations start.
  • 15 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 19 hours Will Canada drop Liberals, vote in Conservatives?
  • 19 hours Trump needs to educate US companies and citizens on Chinese Communist Party and People's Liberation Army. This is real ECONOMIC WARFARE. To understand Chinese warfare read General Sun Tzu's "Art of War" . . . written 500 B.C.
  • 19 hours Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 15 hours Apple Boycott in China
  • 11 hours Australian Voters Reject 'Climate Change' Politicians
  • 2 hours Why is Strait of Hormuz the World's Most Important Oil Artery
Alt Text

Trinidad And Tobago Doubles Down On Gas Production

An increase in gas production…

Alt Text

EU Promises To Double U.S. LNG Imports Within 5 Years

The European Union has promised…

Alt Text

The European Gas Game Is About To Change

A consolidation phase in former…

Jen Alic

Jen Alic

 

More Info

Trending Discussions

BG Group Gets US LNG Export Approval

BG Group (LON:BG) and Southern Union are the third to get the green light from the federal government to export LNG to all countries from a planned facility in Lake Charles, Louisiana.

On Wednesday, the US Department of Energy approved the group’s export plans and now they will just wait on approval from the Federal Energy Regulatory Commission (FERC) for terminal construction plans.

The State Department’s green light means that BG Group and Southern Union will be able to export 2 billion cubic feet of natural gas per day for 20 years.

Related article: This Week in Energy: Another move forward on US LNG exports

This is good news for Britain’s BG Group, but it’s not nearly as good as the deal it’s got in Equatorial Guinea, where, according to the Financial Post, the company’s 2004 contract is as good as it gets.

Essentially, according to the report citing anonymous sources, BG agreed to buy all of Equatorial Guinea’s LNG for 17 years and gets to keep almost all the profit for this gas, which it sells at five times the price in Asia.

It’s not a deal that anyone else is going to get ever again.

By. Jen Alic of Oilprice.com




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News