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Fifty years of oil trading
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
LNG gets political
From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise
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Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
EU and UK look to security beyond gas
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
Power play signals change in Nigeria
With a new board appointed to lead NNPC and moves by President Tinubu to exert control in the Delta region, there is renewed hope the country will be able to turn the corner and rebuild production to former peaks
Letter from the US: Oil and gas producers face tax threat
Capping state corporate income tax deductions would reduce energy supplies and raise prices
Mozambique LNG financing cannot lift security gloom
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
Trump’s energy policy paradox
US consumers are not likely to see gasoline prices fall to Trump’s ‘beautiful number’, at least if the president also wants to encourage more drilling
Letter from the US: Houston has a problem with Trump’s energy policy
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
On tariffs, Trump is an open book
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
US LNG Cheniere Energy ExxonMobil QatarEnergy ConocoPhillips
Justin Jacobs
14 June 2018
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US powerhouse in the making

The LNG building boom is just getting underway. When it's done, the US will be the largest exporter in the world

First there was Qatar, then Australia. The next liquefied natural gas super producer will be the US. The American Gulf Coast is seeing a boom in the construction of new export facilities that will be fed by the nation's vast shale gas reserves. The wave of US LNG coming to the market started to build in 2016 when the first train of Cheniere Energy's Sabine Pass plant came on line, followed shortly thereafter by the second train. That project put US LNG on the map. In 2017, Trains 3 and 4 at Sabine Pass were completed, giving the US 18m tonnes a year of export capacity. Actual exports for 2017 were 12.24m tonnes. About a quarter of that went to Asia, another quarter to markets nearer to home

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