#Cheniere Energy

[dontmeantobepoliticalbut]

House Democrats launch probe of Trump’s dinner with oil executives | The Washington Post

House Democrats are launching an investigation into Donald Trump’s meeting with oil executives last month at his Mar-a-Lago Club, where the former president asked the executives to steer $1 billion to his 2024 campaign and promised to reverse dozens of President Biden’s environmental policies.

The probe comes after The Washington Post on Thursday first reported the fundraising dinner, where Trump said that giving $1 billion would be a “deal” because of the taxation and regulation the oil companies would avoid thanks to him, according to people with knowledge of the meeting, who spoke on the condition of anonymity to describe a private conversation.

In letters sent Monday evening, Democrats on the House Oversight Committee asked nine oil executives to provide detailed information on their companies’ participation in the meeting. The Democrats voiced concern that Trump’s request at the dinner may have been a quid pro quo and may have violated campaign finance laws, although experts say his conduct probably did not cross the threshold of being illegal.

Lawmakers sent the letters to the CEOs of Cheniere Energy, Chesapeake Energy, Chevron, Continental Resources, EQT Corporation, ExxonMobil, Occidental Petroleum and Venture Global. They also fired off a missive to the head of the American Petroleum Institute, the oil industry’s top lobbying arm in Washington.

Rep. Jamie Raskin (Md.), the top Democrat on the House Oversight Committee, asked the executives to provide the names and titles of any company representatives who attended the Mar-a-Lago dinner, copies of any materials shared with the attendees, a description of any policy proposals discussed at the event, and a list of any contributions to the Trump campaign made during or after the event.

Raskin also asked the executives to provide a copy of any draft executive orders or policy paperwork that their companies have prepared for Trump or his campaign. Politico reported that oil industry lawyers and lobbyists have drawn up executive orders for Trump to sign in a possible second term, including directives aimed at boosting natural gas exports and offshore oil drilling.

Asked about the letter, Andrea Woods, a spokeswoman for the American Petroleum Institute, said in an email that the group “meets with policymakers and candidates from across the political spectrum on topics important to our industry that range from strengthening energy security to addressing persistent U.S. inflation.”

A Venture Global spokeswoman said of the meeting with Trump: “Venture Global regularly engages with government officials — both past and present — on a bipartisan basis and this meeting was no different. We would welcome a similar conversation with President Biden at any time.”

A spokesman for Cheniere Energy declined to comment on the letter. Spokespeople for the other oil companies did not immediately respond to requests for comment.

Democrats on the Oversight Committee lack certain investigative powers because Republicans control the House. If the oil companies decline to turn over the information, Democrats will not be able to subpoena the firms, stymying their investigation.

Yet Sen. Sheldon Whitehouse (D-R.I.), a vocal climate advocate who chairs the Senate Budget Committee, which wields subpoena power, has voiced interest in launching his own probe.

Trump’s comments at the dinner are “practically an invitation to ask questions about Big Oil’s political corruption and manipulation,” Whitehouse said in an emailed statement.

“Fossil fuel malfeasance will cost Americans trillions in climate damages, and the Budget Committee is looking at how to ensure the industry cannot simply buy off politicians in order to saddle taxpayers with the bill,” he added.

At the Mar-a-Lago meeting, Trump promised to immediately end the Biden administration’s freeze on permits for new liquefied natural gas (LNG) exports in a second term, according to people who attended. He also pledged to start auctioning off more leases for oil drilling in the Gulf of Mexico and to reverse restrictions on drilling in the Alaskan Arctic.

Experts said Trump’s remarks at the dinner probably didn’t violate campaign finance laws as currently interpreted by the Federal Election Commission and the Supreme Court. They said a violation would need to involve a clear quid pro quo in which Trump promised to take a specific policy action in exchange for a specific campaign contribution.

“This alone is probably not enough to indicate the existence of a quid pro quo,” said Dan Weiner, director of elections and government at the Brennan Center for Justice at New York University’s law school.

Trump “was doing what candidates often do, which is saying, ‘Please give me money, and I will do the things that I know you want,’” Weiner added. “The brazenness is still quite astonishing, and it certainly flies in the face of the spirit of the law, if not the letter.”

Former Obama White House ethics adviser Norm Eisen, a Trump critic and prominent supporter of the four criminal cases against him, agreed.

“I’m not saying it’s a violation of the law,” said Eisen, who served as special counsel to the House’s first impeachment of Trump. “But it raises serious questions, and it’s a reminder of why we have those laws on the books.”

[rjzimmerman]

What Trump promised oil CEOs as he asked them to steer $1 billion to his campaign. (Washington Post)

As Donald Trump sat with some of the country’s top oil executives at his Mar-a-Lago Club last month, one executive complained about how they continued to face burdensome environmental regulations despite spending $400 million to lobby the Biden administration in the last year.

Trump’s response stunned several of the executives in the room overlooking the ocean: You all are wealthy enough, he said, that you should raise $1 billion to return me to the White House. At the dinner, he vowed to immediately reverse dozens of President Biden’s environmental rules and policies and stop new ones from being enacted, according to people with knowledge of the meeting, who spoke on the condition of anonymity to describe a private conversation.

Giving $1 billion would be a “deal,” Trump said, because of the taxation and regulation they would avoid thanks to him, according to the people.

Trump’s remarkably blunt and transactional pitch reveals howthe former president is targetingthe oil industry to finance his reelection bid. At the same time, he has turned to the industryto help shape his environmental agenda for a second term, including the rollbacks of some of Biden’s signature achievements on clean energy and electric vehicles.

The roughly two dozen executives invited included Mike Sabel, the CEO and founder of Venture Global, and Jack Fusco, the CEO of Cheniere Energy, whose proposed projects would directly benefit from lifting the pause on new LNG exports. Other attendees came from companies including Chevron, Continental Resources, Exxon and Occidental Petroleum, according to an attendance list obtained by The Post.

Despite Trump’s huge fundraising ask, oil donors and their allies have yet to donate hundreds of millions to his campaign. They havecontributed more than $6.4 million to Trump’s joint fundraising committee in the first three months of this year, according to an analysis by the advocacy group Climate Power. Oil billionaire Harold Hamm and others are scheduling a fundraiser for Trump later this year, advisers said, where they expect large checks to flow to his bid to return to office.

One person involved in the industry said many oil executives wanted Florida Gov. Ron DeSantis or another Republican to challenge Biden. But now that Trump is the nominee, this person said, they are going to embrace his policies and give.

[plethoraworldatlas]

A top U.S. House Democrat announced Tuesday that he is demanding answers from fossil fuel executives after Washington Post reporting revealed last week that former Republican President Donald Trump recently told industry leaders he would gut climate regulations if they raised $1 billion for his 2024 presidential campaign.

Maryland Congressman Jamie Raskin, ranking member of the Committee on Oversight and Accountability, on Monday wrote to the heads of the American Petroleum Institute (API) and eight companies: Cheniere Energy, Chesapeake Energy, Chevron, Continental Resources, EQT Corporation, ExxonMobil, Occidental Petroleum, and Venture Global LNG.

Raskin's letters note that the executives "appear to have attended" Trump's fundraising dinner at Mar-a-Lago in Florida last month and "media reports raise significant potential ethical, campaign finance, and legal issues that would flow from the effective sale of American energy and regulatory policy to commercial interests in return for large campaign contributions."

"Mr. Trump's unvarnished quid pro quo offer is especially troubling evidence in light of recent accounts that the 'U.S. oil industry is drawing up ready-to-sign executive orders for Donald Trump aimed at pushing natural gas exports, cutting drilling costs, and increasing offshore oil leases in case he wins a second term,'" he wrote, citing Politico. "These preparatory actions suggest that certain oil and gas companies, which have a track record of using deceitful tactics to undermine effective climate policy, may have already accepted or facilitated Mr. Trump's explicit corrupt bargain."

[fmarkets]

Cheniere Energy Partners L.P. Reports Drastic Drop in Income Per Share Amid Challenging Market Conditions https://csimarket.com/stocks/news.php?code=CQP&date=2024-02-22171942&utm_source=dlvr.it&utm_medium=tumblr

[joekellyotcglobalholdings]

Energy Gains This Week: 3 Stocks Making Waves

Energy Gains This Week: 3 Stocks Making Waves https://www.entrepreneur.com/finance/energy-gains-this-week-3-stocks-making-waves/468742 The energy industry’s outlook appears robust, buoyed by increased global energy requirements driven by population growth, industrialization, and economic development. Given this backdrop, fundamentally strong energy stocks Cheniere Energy Partners,... via Entrepreneur: Latest Articles https://www.entrepreneur.com/latest January 24, 2024 at 03:09AM

[journalarta]

CERI Temukan Fakta Harga LNG Impor Pertamina Lebih Murah

Medan, Journalarta.com – Informasi mengagetkan kembali terungkap terkait pembelian liquid natural gas (LNG) oleh Pertamina dari perusahaan Amerika Serikat, Cheniere Energy. Belakangan santer KPK sedang menyidik pembelian LNG Pertamina itu. “Kami memperoleh informasi sangat valid bahwa ternyata sekarang Pertamina berbalik jadi untung dari pembelian LNG Cheniere yang awalnya sempat merugi akibat…

[zehub]

Cet hiver, la France a massivement importé du gaz de schiste

Cet hiver, la France a massivement importé du gaz naturel liquéfié (GNL) issu quasi exclusivement de gaz de schiste. Cette révélation a été faite le 26 avril par le média d’investigation Disclose. Près de 4,5 milliards de mètres cubes de GNL ont été acheminés en France depuis novembre 2021 par le géant étasunien Cheniere Energy. Le gouvernement a longtemps cherché à cacher l’origine de ces importations. Et pour cause : la technique de fracturation hydraulique, qui permet d’extraire le gaz de schiste, est (...)

[newswireml]

TikTok Hires Former Biden Staffer To Bolster Lobbying Team#TikTok #Hires #Biden #Staffer #Bolster #Lobbying #Team

TikTok hired former Biden Senate staffer and veteran D.C. lobbyist Ankit Desai in January, a new disclosure form shows. Desai is the president of AND Partners LLC and a managing member of ABI Associates LLC. He was a staffer for then-Senator Joe Biden in 2005 and describes himself as a “Joe Biden Democrat” on Twitter. He previously worked as a lobbyist for natural gas company Cheniere Energy and…

[severewizardphilosopher]

The Untold Story of Credit Suisse's Tellurian Investment and How You Can Profit from It

The Swiss banking giant Credit Suisse made headlines in 2016 when it invested $850 million in Tellurian, a U.S. liquefied natural gas (LNG) company. The investment was one of the largest ever made by Credit Suisse, and it was seen as a significant vote of confidence in Tellurian's ambitious plans to build a massive LNG export facility in Louisiana.

But the story of Credit Suisse's Tellurian investment is more than just a simple financial transaction. It is a tale of ambition, risk-taking, and the changing dynamics of the global energy market. And for investors, it is a story that offers the potential for significant profits in the years to come.

The Origins of Tellurian

Tellurian was founded in 2016 by Charif Souki and Martin Houston, two seasoned energy industry executives with decades of experience in LNG. Souki had previously been the CEO of Cheniere Energy, the first U.S. company to export LNG. Houston had been a senior executive at BG Group, a British multinational oil and gas company.

Souki and Houston founded Tellurian with the goal of building a new kind of LNG company. Rather than focusing on the traditional LNG model of building massive liquefaction plants and signing long-term contracts with buyers, Tellurian aimed to build a more flexible, integrated LNG business that could respond quickly to changes in the market.

The centerpiece of Tellurian's strategy was a proposed LNG export facility in Louisiana called Driftwood LNG. The facility, which was projected to cost $27.5 billion to build, would have the capacity to liquefy up to 27.6 million tonnes of natural gas per year, making it one of the largest LNG facilities in the world.

But Driftwood LNG was more than just a liquefaction plant. It was also designed to include a pipeline network, storage facilities, and a fleet of LNG carriers, all owned and operated by Tellurian. This integrated model, Souki and Houston believed, would give Tellurian a significant competitive advantage over traditional LNG players.

The Credit Suisse Investment

In 2016, Tellurian was still a young company with a big idea but little capital. That's where Credit Suisse came in.

Credit Suisse was one of several banks that provided a $1.5 billion credit facility to Tellurian, which the company used to fund the early stages of the Driftwood LNG project. But Credit Suisse went further than just providing a loan. The bank also made an $850 million equity investment in Tellurian, giving it a 25% stake in the company.

The investment was a significant show of support for Tellurian's ambitious plans. It also gave Credit Suisse a significant potential return on investment if the Driftwood LNG project was successful.

The Risks of LNG

Of course, the LNG market is not without its risks. The market is highly cyclical, with periods of oversupply and undersupply leading to significant fluctuations in prices. LNG is also a capital-intensive business, requiring huge investments in liquefaction plants, pipelines, and storage facilities.

But Souki and Houston believed that the integrated model of Driftwood LNG would mitigate many of these risks. By owning and operating the entire LNG value chain, Tellurian would be better positioned to manage supply and demand, as well as price fluctuations. And by building a large, flexible facility, Tellurian could respond quickly to changes in the market, rather than being locked into long-term contracts.

The Impact of Shale Gas

Another key factor in Tellurian's strategy was the emergence of shale gas in the United States. Shale gas is a type of natural gas that is trapped in shale rock formations deep underground.

In conclusion, Credit Suisse's investment in Tellurian is a prime example of how savvy investors can identify promising opportunities in the energy industry. By recognizing the potential of liquefied natural gas and partnering with a forward-thinking company like Tellurian, Credit Suisse was able to generate significant returns for its investors. And now, with Tellurian poised for even greater success in the years to come, there may be even more opportunities for investors to profit. If you're interested in learning more about this exciting development in the world of energy investing, be sure to check out Biz Dispatch for the latest updates and insights.

[wafact]

The U.S. Must Go All In On Financing Natural Gas

Cheniere Energy President and CEO Jack Fusco, right, is applauded as he rings the opening bell of … [+] the New York Stock Exchange, Wednesday, Feb. 5, 2020. (AP Photo/Richard Drew) Copyright 2019 The Associated Press. All rights reserved My apologies up front for going long here, but do a printout because I find this one that important. I knew I was right. CERAWeek last week confirmed our most…

[oww666]

and higher domestic prices thanks to FJB 

[reportwire]

A Parade of Tankers Has Eased Europe’s Energy Crisis

A Parade of Tankers Has Eased Europe’s Energy Crisis

After Russia invaded Ukraine, Europe quickly shifted from what the industry called “the market of last resort” to “the market of most need,” said Anatol Feygin, executive vice president and chief commercial officer of Cheniere Energy, a large American L.N.G. supplier. This year, shipments to Europe from the United States have more than doubled, according to Kayrros. Cargoes from Qatar have…

[fmarkets]

Cheniere Energy Inc Faces Significant Revenue Decline in Fourth Quarter of 2023 https://csimarket.com/stocks/news.php?code=LNG&date=2024-02-22174624&utm_source=dlvr.it&utm_medium=tumblr