Secondary Sanctions on Russia to be Implemented on Friday, White House Official Says

U.S. envoy Steve Witkoff’s meeting with Russian President Vladimir Putin in Moscow on Wednesday went well, a White House official said, adding that Washington still planned to proceed with secondary sanctions on Friday. “The Russians are eager to continue engaging with the United States. The secondary sanctions are still expected to be implemented on Friday,” …

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TotalEnergies Won’t Invest in NextDecade’s Train 5 LNG Project, Sources Say

Summary Total prioritizes LNG projects with low liquefaction costs Tariffs raised Rio Grande construction costs Total pushing ahead with its own projects in Mozambique, PNG Aug 6 (Reuters) – TotalEnergies  has decided not to invest in U.S. developer NextDecade’s  fifth liquefied natural gas Rio Grande export facility in Texas or to buy LNG from its output, two …

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Diesel Pump Prices Are Surging in Potential Boost to Inflation

US diesel prices have surged to the highest in almost a year due to tightness in global supplies, according to Bloomberg. The national average price of a gallon of diesel has risen 7% since early June to $3.738, American Automobile Association data show. The rising cost of diesel threatens to boost inflation and cause additional …

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Williams CEO Sees LNG Taking Up More Than 25% of US Gas Market

Williams Cos., one of the world’s largest pipeline operators, projects liquid natural gas will expand to become more than 25% of the US gas market in the next decade. The energy infrastructure company also sees years of robust demand for the fuel, which currently makes up about 15% of the market, according to Chief Executive …

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