ºÚÁϳԹÏÍø

Phillips 66 is looking to buy liquefied natural gas from the U.S. through long-term contracts and is hiring staff in Houston to do this, according to people familiar.

The oil giant will nearly double the amount of fuel it will buy from an export plant Sempra is expanding in Texas.

Venture Global on Aug. 12 said it won arbitration proceeding with Shell related to the timing of contractual shipments from the Calcasieu Pass plant.

Venture Global prevailed over Shell in an arbitration case about a contract dispute, capping a two-year fight between the oil giant and the liquefied natural gas exporter.

The energy infrastructure company also sees years of robust demand for the fuel, which currently makes up about 15% of the market, according to CEO Chad Zamarin.

The Baker Hughes deal will expand the oil field service giant’s reach into liquefied natural gas, data centers and other technologies.

Shell Plc said it would boost investor returns through the end of this decade by reinforcing its position as the world’s top trader of liquefied natural gas.

The analysis is likely to intensify criticisms that former President Joe Biden’s pause was politically motivated and could cast doubts on the results of a second assessment.

The administration has granted Venture Global LNG conditional approval to export natural gas from a planned facility in Louisiana that had stalled under the last administration.

The Department of Energy has given the OK for vessels to use liquefied natural gas as a fuel by withdrawing its past Biden-era order that created a roadblock for a small Florida company.