The Russia-Ukraine war caused demand for LNG to surge. Owners of LNG carriers are in prime position to profit this winter.
Federal regulators are deciding at what level should the U.S. allow the transportation of liquefied natural gas by rail. Some environmental groups oppose LNG by rail because of concerns about transporting highly flammable material.
Spot rates topped $300,000/day, sank to teens, rose to over $360,000, now back near $100,000.
New Fortress Energy subsidiary Energy Transfer Services’ permit allowing the transport of liquefied natural gas in special tank cars is set to expire next week, according to environmental group Delaware Riverkeeper.
The costs to electrify freight rail in the U.S., albeit expensive, extend beyond strictly capital costs to questions about electric grid reliability and how best to address decarbonization.
The groups say more federal oversight is needed for the transport of liquefied natural gas by rail.
Agency estimates $4 billion in cost savings from hours-of-service changes.
Warning sign for tanker investors as US crude exports begin to reverse course.
LNG growth expected to double by 2040; shipment volumes in U.S. plunge y-o-y; grocers take control of shelf space.
The approval comes amid some objection by Congressional Democrats and a wider proposed rulemaking on the same issue.
