Positive Industry News and Events
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BREAKING: Venture Global Launches Site Work at CP2 LNG Following Federal Approval
NEW: Venture Global Launches Site Work at CP2 LNG Following Federal Approval 
CP2 is Venture Global’s Third Facility to be Built in Last Five Years Upon completion, Venture Global expected to become the largest LNG exporter in the United States, second largest in the world Project expected to bring new LNG supply to global… More -
Cheniere Signs Long-Term Integrated Production Marketing Agreement with Canadian Natural Resources Limited
HOUSTON–(BUSINESS WIRE)– Cheniere Energy, Inc. (“Cheniere”) (NYSE: LNG) announced today that its subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered into a long-term Integrated Production Marketing (“IPM”) gas supply agreement with Canadian Natural Resources Limited. Under the IPM agreement, a subsidiary of Canadian Natural Resources Limited has agreed to sell 140,000 MMBtu per day of… More
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NextDecade Announces 2.0 MTPA LNG Sale and Purchase Agreement with JERA from Rio Grande LNG Train 5
HOUSTON–(BUSINESS WIRE)–May 29, 2025– NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that it has executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with JERA for offtake from Train 5 at the Rio Grande LNG Facility. Under the terms of the SPA, JERA will purchase 2.0 million tonnes per… More
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Approx $90 Billion: Aramco announces 34 MoUs and agreements with US companies
MoUs and agreements with a potential value approximately worth $90 billion MoUs and agreements aim to further advance Aramco’s long-term strategy, maximize shareholder value, and build on longstanding relationship with US companies Collaborations intend to foster innovation and development across multiple fields Aramco, one of the world’s leading integrated energy and chemicals companies, yesterday announced… More
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Kimmeridge Texas Gas and Commonwealth LNG have finalized binding agreements with Glencore LTD for 2MTPA Offtake
Strategic partnership includes natural gas supply from Kimmeridge Texas Gas under a netback agreement at international prices Supports Commonwealth’s targeted FID in Q3 2025 and first LNG production in 2029 HOUSTON and NEW YORK, May 13, 2025 /PRNewswire/ — Kimmeridge Texas Gas (“KTG”) and Commonwealth LNG (“Commonwealth”) have finalized binding agreements with Glencore LTD (“Glencore”),… More
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Marubeni and ExxonMobil’s low-carbon ammonia deal marks major step in unleashing new energy supply
ExxonMobil will supply approximately 250,000 tonnes of low-carbon ammonia annually on a long-term basis to Marubeni. The deal will drive new energy supply, support jobs, and strengthen U.S. and Japanese industrial cooperation. Spring, Texas, U.S., and Tokyo, Japan — Marubeni Corporation (Marubeni) and Exxon Mobil Corporation (ExxonMobil) (NYSE: XOM) have signed a long-term offtake agreement… More
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Woodside Approves $17.5B Louisiana LNG Project
Woodside Energy has officially approved the development of its three-train, 16.5 million tonnes per annum (Mtpa) Louisiana LNG project, with first production targeted for 2029. The decision marks a pivotal milestone for the Australian energy company as it deepens its presence in the United States and aims to operate more than 5% of the global… More
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Valero Announces Notice to the California Energy Commission Regarding its Benicia, California, Refinery
April 16, 2025 : SAN ANTONIO–(BUSINESS WIRE)– Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that its subsidiary, Valero Refining Company-California, has submitted notice to the California Energy Commission of its current intent to idle, restructure, or cease refining operations at Valero’s Benicia Refinery by the end of April 2026. Valero continues to evaluate strategic… More
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ExxonMobil to Invest $100M in Baton Rouge Complex to Support U.S. Chip Manufacturing
ExxonMobil has announced a $100 million investment in its Baton Rouge chemical facility to enhance production of ultra-high purity isopropyl alcohol (IPA), a critical chemical for U.S. semiconductor manufacturing. The project will focus on upgrading the legacy chemical plant within the company’s Baton Rouge Complex, enabling production of 99.999% pure IPA, essential for next-generation microchips…. More
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