French strike at Dunkirk LNG Terminal reduces capacity
Fluxys' data shows that a?24-hour strike in France’s power sector is expected to?reduce delivery capacity at?the Dunkirk liquefied natural gas terminal?to 4 gigawatt hours per day as of 0700 GMT Tuesday. Fluxys' data shows that the terminal delivers at least 9.4 GWh a day. The unions at the state-owned EDF, Fluxys (a Belgian gas terminal operator) and Elengy (a French gas terminal operator) have called a strike on Tuesday to protest a French Court of Auditors recommendation to reduce employee benefits like?access to cheaper electricity.
Bangladesh will develop two new LNG terminals in Bangladesh by 2030
A government minister said on Friday that Bangladesh will commission a 'new floating storage and regasification unit' by 2028 in order to import liquefied gas. Anindya Amit, State Minister for Power, Energy and Mineral Resources, announced at the LNG Producer/Consumer Conference held in Tokyo on Friday that it?is?planning a land-based terminal to be developed at Matarbari. Bangladesh has two floating LNG terminals that can regasify upto 1,100 million cubic foot per day (mmcfd).
Wall Street Journal, September 10,
These are the most popular?stories from the Wall Street Journal. ? The accuracy of these stories has not been verified by the site. Jim Farley, Ford Motor's Chief Executive, strongly denied claims by Transportation Secretary Sean Duffy claiming that the automaker is becoming overly dependent on Chinese companies. This was despite its tie-ups with car manufacturers overseas and a Michigan battery plant. Philip Morris International has expanded its Zyn line of nicotine pouches and the number that it offers in a single can.
US Court Reverses NJ permit for Williams NESE Natural Gas Pipeline
The U.S. Third Circuit Court of Appeals reversed a key New Jersey water permit for U.S. energy company Williams Cos' long-delayed Northeast Supply Enhancement (NESE) natural gas pipeline project in Pennsylvania, New Jersey and New York.The court said in a ruling on Tuesday that it granted petitions by environmental groups, vacated the Water Quality Certification and remanded the case to the New Jersey Department of Environmental Protection (NJDEP).“Following the Third Circuit's decision…
Enbridge names Michele Harradence, a veteran in the industry, as the successor to retiring CEO Ebel
Enbridge announced on Tuesday that its CEO Greg Ebel will retire by the end of 2026. He will be replaced by industry veteran Michele Harradence. Enbridge, during Ebel's tenure at the helm, acquired three utilities from Dominion Energy. This helped make Enbridge one of North America’s largest integrated gas utility platforms. Enbridge has now secured a growth backlog of C$41 billion across its liquids pipelines business, gas transmission, storage and distribution, natural gas utilities and renewable energy businesses.
Berlin: No intervention required to fill up gas storage sites
The economy ministry stated that no government intervention was needed to raise German gas storage levels. This came after a lobby group had warned about shortages in the event of a very cold winter. The ministry stated that based on its current volume-based estimate, the storage levels at the start of winter will range from 60% to 70%. This, along with additional import options, should be sufficient to meet winter demand. The ministry also stated that there was a risk of price and volatility if prices remained high in the aftermath of the Iran War.
ONEOK will buy Brazos Midstream’s Permian Midland Basin Assets for $4.43 Billion
ONEOK announced on Sunday that it has purchased Brazos Midstream’s Permian -Midland Basin Natural Gas Gathering and Processing Assets for around $4.43 Billion. This will more than double the U.S. Pipeline Operator's processing capability in the region. As pipeline operators in the U.S. benefit from increased oil and?gas output in the Permian basin, and increasing natural gas demand amid record LNG exports, the acquisition is timely. The company…
San Matias Pipeline Cansortium Closes $900m Loan for Pipeline
Argentina's San Matias Pipeline consortium said on Friday it had closed a $900 million project finance loan to build a pipeline from the Vaca Muerta shale formation to the Atlantic coast in Rio Negro province, a crucial piece of financing for the nation's long-delayed ambition to become a global natural gas exporter.The financing marks a major milestone for a country trying to turn one of the world's largest unconventional gas reserves into hard…
Indian shares are down as Middle East tensions continue, and the Nifty expiry date looms.
Indian?shares fell on Tuesday, as oil prices rose due to Middle East tensions. Investors also awaited the expiration of the Nifty 50 derivative contracts. As of 9:58 a.m. IST, the BSE Sensex fell 0.24% and the Nifty dropped 0.32% to 24,142.25. Fourteen out of 16 major sectors posted losses. Small-caps and middle-caps remained muted. Iran has promised to respond in kind to the recent escalation in geopolitical tensions. Washington claimed that economic sanctions would cut off Tehran’s economic lifeline. Brent crude futures hovered around $92.5 per barrel.
Bessent: US Treasury will stick to its debt auction schedule, despite larger buybacks
Treasury Secretary Scott Bessent announced on Monday that the U.S. Treasury would continue its regularly scheduled auctions of debt, including those for long-dated securities, despite the?move? to increase the buyback size of 10- to 30 year?securities. Bessent responded to a question at a 'news conference' focused on Iran sanctions regarding Treasury's plans moving forward for bond buybacks, including the size of future auctions. He said that Treasury would "continue our regular program" of auctions announced in early august.
US sanctions against Iran are being expanded in an 'economic assault'
The Trump administration announced on Monday that it would be expanding the secondary sanctions imposed on countries and entities with business ties to Iran around the world. Washington is increasing economic pressure against Tehran as its war approaches six months. Treasury Secretary Scott Bessent announced at a press event what he called an "economic D-Day". The goal was to send a final message to countries that they should cut their ties with Iran, or else risk being excluded from the US-based financial system.
Source: U.S. Treasury will expand scope of secondary sanctions against Iran
A source familiar with Trump's plans said that the U.S. Treasury is expected to expand the scope of secondary sanctions the Treasury can impose on entities and countries who maintain business ties with Iran. Sources said that the action was intended to send a final message to countries to cut off their business relations with Iran to force a resolution to the conflict which has been raging for nearly six months and has caused the Strait of Hormuz to be blocked. U.S.
Trump has threatened to isolate Iran. Who are Iran's trading partners?
The threat of Donald Trump, the U.S. president, to impose unprecedented economic war and isolation against Iran could have consequences for countries who trade with it. Trump warned that any country supporting Iran would face economic consequences. In recent years, Iran has traded with a number of major trading partners. If Trump keeps his promise, China, which is the largest buyer of Iranian crude oil, may face increased pressure from the U.S. China has built a system of refineries that mainly process Iranian oil, and have little exposure to the U.S.
Trump warns that any country supporting Iran will face economic consequences
Donald Trump, the U.S. president, warned that any country providing "any kind of lifeline" to Iran would be subject to economic sanctions. The United States is trying to end a conflict it began with Israel six months ago. The war has killed thousands of people. It quickly attracted Gulf nations, and the global markets were shocked as Iran showed its capability to stop shipping through the Strait of Hormuz. This was the route that carried a fifth of all oil traded in the world before February.
Trump warns that any country supporting Iran will face economic consequences
U.S. president Donald Trump warned that economic consequences would be imposed on?any countries who provided "any kind of lifeline? to Iran" in the U.S.'s quest to end a war? it began with Israel six months ago. The war has killed thousands of people and engulfed countries from the Gulf. Global markets were shocked when Iran showed its control over shipping through the Strait Of Hormuz. About a fifth the traded oil in the world passed through this strait before February.
US, Canada trade negotiators meet after Trump sets new tariff deadline
Sources said that auto tariff levels remained an issue. On Wednesday, Canadian and U.S. negotiators sat down to discuss trade after Donald Trump temporarily halted the planned 50% tariffs for three days on certain Canadian goods. LeBlanc’s office released a press release stating that the Canadian Minister responsible for U.S. trade, Dominic LeBlanc and Canada's Chief Trade Negotiator Janice Charette had met U.S. Representative Jamieson Greer. Trump announced late Tuesday that the two countries have a deal, subject to finalizing documents.
Trump says there will be no talks with Iran. Tehran claims the Strait of Hormuz is still closed
?U.S. Donald Trump, President of the United States, said that no talks with Iran were being held and that none were planned. He also insisted that the Strait of Hormuz is open, contrary to an earlier Iranian assertion that this vital waterway was closed for shipping. As the prospects of a deal to end a conflict that has lasted nearly six months receded, oil prices rose again on Tuesday. Stock markets fell and borrowing costs in major economies, including the U.S., reached multi-decade-highs amid fears about the inflationary and fiscal effects long-term.
Bank of America pledges 250 billion dollars for US infrastructure financing
Bank of America said Wednesday that it will 'deploy $250 billion by July 2027 for U.S. infrastructure and digital projects. It says this move will help boost the economy and create tens and thousands of jobs. Wall Street Bank's "Critical Infrastructure Finance Initiative" will offer primary market lending, investment, capital markets services, banking and advisory, as well as other financial products. The announcement shows how U.S. major financial institutions are looking to capitalize on the rising demand for AI data centres…
Reopening of the Hormuz port by Iran in exchange for US concessions
The Strait of Hormuz is about to be reopened. However, the U.S. must meet certain conditions before it can do so, such as compensation, the end of'sanctions' and military threats and the lifting of the sanctions. Since the U.S. and Israel attacks on Iran, on February 28, the strait has effectively been blocked, pushing up oil prices. Esmaeil baghaei, a spokesman for the Iranian Foreign Ministry, said that on Monday talks with Oman regarding arrangements for navigation in the strait "progressed smoothly and constructively".
Iran claims that the Oman deal has reached its final stages, but US must take action to open Hormuz
Iran announced on Sunday that it was nearing the final stages of a deal to define new?shipping routes in the Strait of Hormuz. However, they reiterated that this strait will only be reopened once the United States meets?other requirements. An official from the United States said on Friday that an agreement between Iran, Oman and Israel was nearing completion and could soon be reopened. The strait used to carry a fifth of all global oil and LNG shipments until Iran closed it as a response to U.S. attacks and Israeli aggression.