Key Takeaways NextDecade approved the final investment decision for Train 5 at the Rio Grande LNG project.NEXT secured $6.7B in committed financing through debt, equity, and investor partnerships.Long-term LNG offtake deals with EQT, JERA, and ConocoPhillips back the Train 5 expansion.NextDecade Corporation (NEXT) , a U.S.-based liquefied natural gas (LNG) operator, announced that it has taken a positive final investment decision on Train 5 of the Rio Grande LNG project in Brownsville, TX. Additionally, NEX ...

Core Insights - The US Federal Energy Regulatory Commission (FERC) has granted Venture Global an extension for the commissioning phase of its Plaquemines LNG plant in Louisiana, allowing the company to delay full commercial operations and sell LNG at potentially higher spot market prices [1][2] - Venture Global requested an extension until December 31, 2027, due to challenges faced during the Covid-19 pandemic, with plans to have phase-one facilities operational by Q4 2026 and phase two by mid-2027 [2][3] - The Plaquemines LNG plant is the second-largest in the US, contributing nearly 16% of the country's total LNG exports last month, and is expected to have an export capacity of at least 20 million tonnes per annum once fully operational [3] Company Developments - The FERC noted that long-term customers Chevron and Orlen provided input on the extension request but did not oppose it [2] - Earlier in the year, the federal regulator approved full commercial operations at Venture Global's Calcasieu Pass LNG facility and TransCameron pipeline in Louisiana [3] - In June, Venture Global withdrew its application to build the Delta LNG export facility to focus on the Plaquemines expansion project [4]

Core Insights - Chevron Corporation has intervened in a regulatory matter concerning Venture Global's request for an extension to commission its Plaquemines LNG export facility, highlighting its significant commercial stake in the project [1][4][11] Regulatory Developments - Venture Global filed a motion with the Federal Energy Regulatory Commission (FERC) to extend the deadline for the Plaquemines LNG facility from September 30, 2026, to December 31, 2027, citing supply-chain disruptions and construction delays due to the COVID-19 pandemic [2][9] - Chevron's involvement in the regulatory process may influence FERC's decision, as it has a direct interest in the project's milestones and operational readiness [11][12] Project Significance - The Plaquemines facility is designed to export up to 27.2 million metric tons of LNG per year, with Chevron and other major energy firms committed to purchasing large volumes under long-term contracts [5][10] - The project is considered vital for expanding U.S. energy dominance in the global gas market, strategically located along the Mississippi River [8] Market Reactions - Following a major arbitration ruling that found Venture Global breached its obligations to BP, the company's shares fell by 33.4%, raising skepticism about its ability to meet obligations and timelines [6][7] - Investors are closely monitoring Venture Global's partnerships, including those with Chevron and Shell, in light of the arbitration precedent set by BP [7] Industry Implications - The broader LNG sector is watching these developments closely, as delays and contract disputes can impact global supply chains and influence spot market prices [13] - If FERC grants the extension without scrutiny, it could set a concerning precedent for project developers regarding delays and contractual obligations [14] Conclusion - Chevron's proactive stance in the extension request underscores the high stakes involved in U.S. LNG infrastructure development, with billions of dollars tied to long-term contracts and growing global demand for LNG [15][16]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with a global simulcast. It starts now.Tim Stanley Back in the radio booth, Emily Rafale by his side and for Carol Massar today. Welcome to our audiences across all of our Bloomberg platforms, television and radio, our partnership with YouTube on a day where the market that rally got upended in a big way, a new, fresh social media post term center backed by t ...

Core Viewpoint - Venture Global faces significant financial repercussions following a legal defeat against BP, leading to a sharp decline in its stock price [1][2][3] Group 1: Legal Dispute - Venture Global lost an arbitration case against BP, with the ruling stating that it breached a contract by selling LNG on the spot market instead of fulfilling long-term agreements [2] - The arbitration panel was convened by the International Chamber of Commerce International Court of Arbitration [2] Group 2: Financial Implications - BP is seeking over $1 billion in damages from Venture Global, with financial remedies to be determined in a separate hearing [3] - The stock price of Venture Global dropped by 24% in response to the arbitration ruling, significantly underperforming compared to the S&P 500 index's 2.3% decline [1] Group 3: Company Response - Venture Global expressed disappointment in the arbitration decision, claiming it contradicts previous findings in a similar case against Shell [4] - The company is exploring all options in response to the ruling from BP [4]

BP has won an arbitration case it brought against Venture Global, alleging that the LNG exporter had violated its long-term supply contract with the supermajor in order to make bigger profits on the spot market. The development delivers a blow to Venture Global, which has become one of the largest exporters of liquefied natural gas in the United States in a matter of years, not least because it tapped the spot market right when demand for gas was soaring. The problem that BP and half a dozen other energy ...

Excelerate Energy, Inc. (NYSE:EE) is one of the stocks Jim Cramer put under the spotlight. When a caller expressed worry about the stock, Cramer remarked: “Yeah, you know, I looked at that. I don’t think you have, I mean, first of all, energy’s in the wrong place to be. But second, that LNG terminal service, I thought it was going to be great because we don’t have real deep water there, but I just feel like, after just reading Rusty Braziel’s stuff, I just can’t be excited about it. I’m sorry, I just can’ ...

Core Insights - Chart Industries has been awarded a contract by Bechtel Energy Inc. to supply equipment for the Port Arthur LNG Phase 2 project in Texas, marking a continuation of its involvement from Phase 1 [1][2] - The company will provide air-cooled heat exchangers, brazed aluminum heat exchangers, and cold boxes, which are essential for the facility's expansion and operational efficiency [1][2] - CEO Jill Evanko expressed pride in supporting the project and acknowledged the progress made by Sempra Infrastructure and Bechtel [3] Company Overview - Chart Industries is a global leader in designing, engineering, and manufacturing process technologies for gas and liquid molecule handling, focusing on clean power, water, food, and industrial applications [3] - The company offers a diverse product portfolio used throughout the liquid gas supply chain, including liquefied natural gas, hydrogen, biogas, and CO2 capture technologies [3] - With 65 manufacturing locations and over 50 service centers worldwide, Chart Industries emphasizes accountability and transparency in its operations [3]

Group 1: Google and NBCUniversal - Google and NBCUniversal have reached a multi-year agreement to keep NBCUniversal's full portfolio of networks on YouTube TV, ensuring continued access to popular shows and channels for subscribers [2][9] - The deal includes the availability of NBCUniversal's Peacock streaming service through YouTube's Primetime Channels and extends its presence across Google's Android platforms [3][9] Group 2: Vietnam's Economic Situation - Vietnam's economy is facing significant challenges due to global economic uncertainty, with the government prioritizing macroeconomic stability and aiming for an 8% growth target this year [4][9] - The State Bank of Vietnam is urging banks to reduce lending rates to alleviate financial pressure on businesses and households, while directing credit flow towards priority sectors [5][9] Group 3: TotalEnergies and Mozambique LNG Project - TotalEnergies is set to resume its $20 billion liquefied natural gas project in Mozambique, with the government confirming that necessary security conditions have been met [6][9] - The project is expected to have an annual production capacity of 13 million metric tons of LNG and is now projected to come online in 2029, five years later than initially planned [7][9]

Shell-led LNG Canada has begun the process of starting up its second 6.5 million tonnes per annum (mtpa) liquefied natural gas processing unit known as Train 2 in Kitimat, British Columbia, a company ... ...