US industry calls for immediate LNG export limits
Dissenting voices demand gas supplies stay in-country amid falling stocks and energy security concerns
US manufacturing is starting to get twitchy about domestic gas supplies. In late September, trade body the Industrial Energy Consumers of America (IECA) issued a plea to the secretary of energy, Jennifer Granholm, to cap LNG exports amid fears of a supply shortage and further price volatility heading into winter. The Washington-based group argues national energy security should be prioritised over LNG export profits. Lower 48 gas inventories have fallen by almost 17pc since last September, and volumes currently sit roughly 7pc below the five-year average. Hurricane season in the Gulf of Mexico has worsened the supply situation. An estimated 34.4pc of offshore gas production is still offli
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
