kazzy
2 days ago
Lifting Biden’s LNG pause will boost American energy jobs and the economy.
More of the same, but with further insight into the politics.
In January 2024, the Biden administration announced an indefinite pause on new LNG export permits. House Energy and Commerce Committee Chair Cathy McMorris Rodgers criticized the move as a “gift to Putin.” This decision limited the vital role of the U.S. in supplying LNG to Europe and Ukraine, a nation at war, ultimately discouraging our allies’ independence from Russian energy. As a result of the Biden administration’s LNG pause, capital-intensive projects, such as Calcasieu Pass 2, Delfin LNG, Lake Charles LNG and Commonwealth LNG, were halted despite commercial progress, leaving our allies overseas vulnerable and American jobs uncertain.
With Mr. Trump back in office, American natural gas companies can have confidence that their projects will receive proper consideration. This allows the U.S. to follow through on its commitments to its allies overseas, which were routinely qualified under the Biden administration.
...
After the de facto pause, the Department of Energy stated that it would complete a study on the projects to examine whether more LNG exports were in the public’s best interest. After delays, congressional letters and a lengthy court battle in Louisiana, the department released its long-anticipated study.
However, former Energy Secretary Jennifer Granholm’s summary of the study politicized the issue. Ms. Granholm concluded the report by emphasizing that the business-as-usual approach is “neither sustainable nor advisable.” Although this was likely the summary regardless of the study’s merits, some aspects of Ms. Granholm’s assumptions are particularly concerning. She correctly wrote that U.S. LNG “has proven critical” for Europe as it weans off Russian gas. However, in the Department of Energy’s study scenarios and analysis, “Russian pipeline exports” to the EU “increase slightly through 2035.” In other words, the study accounts for Russian pipelines that are not currently online.
The Department of Energy, under Mr. Trump, extended the study to March 20 to ensure such public interest determinations receive appropriate stakeholder input.
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A comprehensive study by S&P Global projects that the export capacity of U.S. LNG will double over the next five years. It found that exports of U.S. LNG would support roughly a half-million domestic jobs annually over the next 15 years. On its current growth trajectory, exports would contribute about $1.3 trillion to the nation’s gross domestic product through 2040 while barely impacting gas prices at home.
https://www.washingtontimes.com/news/2025/feb/13/lifting-biden-lng-pause-boost-american-energy-jobs/
Anyone planning on seeing this through to 2040?
Mr. C
2 days ago
Yup, it’s for the onshore component, but those are the timelines.
I’m thinking selling out two is their goal as recently stated, but it depends on how this changes the market for them.
They’ve been getting a bunch of these little 0.5-1.0 MTPA buys, but maybe that changes quick.
Financing just the two ships though is likely not possible without doing a RM, but I’m not them or their bank, so I couldn’t say
Mr. C
3 days ago
FERC ends September 28, 2027. That’s exactly 31.5 months from today, so they might be able to do it if they shave a couple months.
Delfin requested in their filings with MARAD and DOE to extend the NFTA deadline to June 1st, 2029.
Donald Trump is in there still when FERC expires, so we should be good.
They might have to extend it anyways because the 4th boat likely won’t be built as the same time as the 1st, unless they sell out quick.
Not sure how the permits work in that regard. Does one boat need to be in the water or all, since they are separate FIDs?
kazzy
3 days ago
Another Korean mention, reiterating the sanctions against Wison and the SHI monopoly on FLNG, but further outlines another option:
Hanwha Ocean is emerging as a strong competitor to Samsung Heavy Industries as it has recently strengthened its business in offshore plants. Samsung Heavy Industries is still considered to be one step ahead in terms of construction performance and technology, but Hanwha Ocean also has a card to play. Hanwha Ocean plans to use its capacity (production capacity) as a competitive edge, such as the acquisition of Singapore Dynamack last year. In particular, given the characteristics of FLNG, which has a large construction period and process burden, its superior capacity is definitely a strong card.
...
Shipyards, which also have to handle general commercial vessel volumes, must also consider the construction burden for FLNG. FLNGs are built in the same dock as general vessels, and based on Samsung Heavy Industries, the construction period for general commercial vessels is approximately 15 months, while FLNGs take approximately 32 months.
This burden of the process also affects orders. It is in this context that Samsung Heavy Industries, despite its unrivaled competitiveness in FLNG, chose the stable strategy of ‘receiving orders for 1-2 FLNGs per year.’
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In the FLNG sector, aside from domestic Samsung Heavy Industries and Hanwha Ocean and China's Wilson, there are virtually no shipyards capable of building them, so the news of the U.S. government's sanctions on Wilson is seen as a great boon to our shipbuilding industry.
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In the case of Hanwha Ocean, it is confident that it will be able to handle the expected increase in FLNG and FPSO orders in the future by expanding production capacity.
https://www.industrynews.co.kr/news/articleView.html?idxno=60185
...and the Delfin mention:
Byun Yong-jin, an analyst at iM Securities, said, “With the listing of China’s Weison Shipyard, the only overseas FLNG competitor, as a target of sanctions, Samsung Heavy Industries’ FLNG stronghold has become even more solid.”
Bae Ki-yeon, an analyst at Meritz Securities, also expressed his expectations for Samsung Heavy Industries, saying, “Due to the US sanctions on the Wisconson shipyard, visibility of orders for the entire FLNG pipeline, including Delfin FLNG Units 1-4 in the US, Western FLNG in Canada, and Africa, Mexico, and Suriname, has increased.”
jerrybrockman
3 days ago
Well, then you probably shouldn't be involved in the market at all, because one way or another we are all influenced by forces in the market, which many times are misleading or outright corrupt, and if we then pass that incorrect information along to others, then we are also part of the problem. Cramer, for example of MSNBC, is a known short sale scammer and there is even a video from long ago (easy to find on youtube) in which he explains how to game a stock and fleece retail. And Cramer is basically part of the American financial establishment. And there are many others in many giant firms. Look at what happened in the 2008 meltdown. The establishment is a facade at best.
Underneath all the bells and whistles and websites and television chatter, TGLO is the bare bones mechanical structure of what all stocks are. If WalMart took a defecation tomorrow and went to sub penny, this is what it would look like. In the mid 1980s, a cashier could have put a hundred bucks a week into the company and would be very well off today. Same concept at Apple. Each and every one of us that was of age in the dot com era to have a trading account has no excuse not to be a millionaire. All we had to do was buy Apple in the pennies to dollar range prior to 2005...and be patient. Seriously, Apple? How in the hell did most of us miss that one? Do the math on a 5000 dollar accumulation of the stock between 04 and 06? I'm pretty sure I had the money to invest, but obviously other things were more important to me at the time.
Sometimes great info can be derived from these boards, but you have to take it as opinion and entertainment, until you do your own extensive research.
So what is money? I have a friend that has worked in Silicon Valley for over 30 years...in 2009 on a long mountain bike ride, he let me in on a secret. He told me about bitcoin and that I should do some DD. The problem is, he explained it to me wrong. He needed to hit me from a conspiracy angle. If he had said, "Nobody knows who Satoshi Nakamoto is, because bitcoin was created by the CIA to keep our financial system from collapsing. It's going to be huge man, in about ten years banks are going to back it, it'll make you a multi millionaire on a 2000 dollar investment."
But no, Rich gave me the geeked out spiel about it which convinced me it was total BS. Now who is the fool? I sure as hell would not be screwing around with penny stocks if I had listened.
senor_c
3 days ago
I was thinking 30 days - 60 at most depending on the communication formalities (if Delfin needs to send notice of their updated MARAD approval status, etc.), but with the Secretary on board, that could for sure be modified. Yes, I do think there are contracts or deals on hold, waiting for these final details to be determined. For example, Devon has been waiting for a while to see how things will line up. I'd love to see a final SPA from them, which to me says FID soon to come. Not to mention GAIL looking for opportunities. North and I were talking about this years back how Delfin is probably right there in the conversations with GAIL.
Not that the Delfin boys have ever been influenced by pressure, but I think having the full support and recent assistance of the Trump administration (and being mentioned at a Senate hearing) puts a bit of pressure on the boys to put up or shut up quickly. All speculation, of course. I'd be really shocked if we were sitting here a year from now still talking about FID or even merger. This is it and as you said, a lot can happen once MARAD and DOE are finalized.
jerrybrockman
4 days ago
Sorry to hear that Cache passed away. The reality is that we all have it coming and there's nothing we can do about it. But I do believe that what we do in this life matters, and that some sins will be punished for eternity. I don't know if there is a Heaven, but I worry every day that Hell is a real place, so I try to atone for my past sins and try not to commit any more. No matter how much we make here, we can't take it with us.
There's a gas station with a convenience store in a sparsely populated area between Sacramento and Reno. Over the years, the owner has had celebrities stop in, and he has had them write little notes, which he has put behind protective glass on a large square post inside the store. Robin Williams wrote, "The scenery is here, wish I was beautiful." It has been there for many years, long before he finally couldn;t stand living with his rare and painful disease for another day.
Try to do good things and make people happy with your good fortune, if this thing comes through, because there are way more important things than the size of your bank account.
eb0783
5 days ago
NEW DELHI, Feb 10 (Reuters) - Indian oil companies are looking to buy U.S. liquefied natural gas (LNG), buoyed by the Trump administration's lifting of a ban on export permits for new projects, Oil Secretary Pankaj Jain said on Monday.
The world's fourth largest importer of LNG, India aims to raise the share of gas in its energy mix to 15% by 2030 from 6.2% now.
"Indian oil companies are talking to U.S. companies for additional LNG sourcing," Jain said, adding that among such companies were GAIL (India) Ltd (GAIL.NS), opens new tab, Indian Oil Corp (IOC.NS), opens new tab and Bharat Petroleum Corp (BPCL.NS), opens new tab.
Indian companies will discuss gas sourcing with suppliers of U.S. LNG on the sidelines of the four-day India Energy Week conference from Monday, Jain told reporters.
Indian companies would consider buying stakes in U.S. LNG projects if the deals were attractive, he added.
GAIL will revive plans to buy a stake in a U.S. LNG plant or secure a long-term US LNG deal, its chairman, Sandeep Kumar Gupta, told Reuters.
GAIL now imports 5.8 million tons of U.S. LNG annually under long-term deals, split between Berkshire Hathaway Energy's Cove Point plant and Cheniere Energy's (LNG.N), opens new tab Sabine Pass site in Louisiana.
The bulk of India's LNG imports under long term deals is supplied by Qatar, with prices linked to crude oil. India's gas sourcing portfolio should have a mix of both U.S. Henry Hub and crude oil linked prices, Jain said.
Indian companies are particularly keen to buy LNG from the U.S. as crude oil could be purchased from multiple suppliers.
Indian Oil Minister Hardeep Singh Puri said energy imports from the United States would be discussed when Prime Minister Narendra Modi meets President Donald Trump this week.
At least six Asian countries, including Japan and Taiwan, have expressed interest in buying U.S. LNG, with some hoping to narrow their trade deficits in the face of Trump tariff threats, while others look to expand and diversify supplies.
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Editing by Clarence Fernandez