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France’s Engie pulls out of $7 billion deal to import U.S. LNG

first_img FacebookTwitterLinkedInEmailPrint分享E&E News:A French utility won’t move forward with a $7 billion deal to import liquefied natural gas from Houston-based NextDecade Corp., roughly two weeks after contract negotiations paused over reported concerns about the methane emissions footprint of U.S. natural gas.“ENGIE decided not to pursue commercial discussions with NextDecade on this gas supply project,” the company confirmed to E&E News in an email yesterday. French newspaper Le Monde first reported that Engie SA would not finalize the contract.The canceled deal marks a blow for NextDecade, which is working to secure a final investment decision in 2021 on the planned Rio Grande LNG export project, located in Brownsville, Texas, which seeks to use an “abundant gas supply” from the Permian Basin and Eagle Ford Shale.NextDecade did not respond to a request for comment, but told E&E News earlier this week that the company “is proud of its leadership in environmental and social performance.”Kevin Book, managing director at research firm ClearView Energy Partners LLC, said multiple factors are overlapping, but cited the French government’s “heightened trade-based climate concerns” and European efforts to meter methane — a potent greenhouse gas — as two dominant trends surrounding the deal between Engie and NextDecade.“Today, the bigger effect appears to be the lack of clear signal from the U.S. federal government that U.S. gas is regulated to the standard that Europe can accept, and that France can accept,” Book said yesterday.[Carlos Anchondo and Miranda Willson]More: Backlash over U.S. methane emissions kills LNG export deal France’s Engie pulls out of $7 billion deal to import U.S. LNGlast_img read more

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The October Issue of Blue Ridge Outdoors is Live!

first_imgThe October issue of Blue Ridge Outdoors is live and on newstands now. Pick up your copy or read online today for an in-depth profile of 14 regional photographers, drives and hikes not to be missed this fall, sunken secrets about Appalachia’s underwater ghost towns, Jennifer Pharr Davis’ top gear picks for the Mountains to Sea Trail and much more.QUICK HITSStringbean sets new A.T. speed record • Bear roams U.Va. • New N.C. natural areaBEER RUNSThe Blue Ridge region is blessed with some of the country’s best craft beer, bourbon, and beautiful landscapes. Runs, bike rides, hikes, and even yoga sessions are often followed with beers, and trolley pubs and pedal taverns have long been popular throughout the region.THE DIRTAppalachia’s newest state park • 652-mile record swim on the Tennessee River • Sunken secrets • Hiking the Blue Wall  • Chasing WaterfallsTHE GOODSJennifer Pharr Davis’s go-to gear for her Mountains to Sea thru-hikeTRAIL MIXFarm boy Scott Miller returns with a new recordCLASSIC COLORTake the scenic route on your next leaf peeping adventure with these 10 iconic drives and roadside hikes.THE PHOTO ISSUEFourteen top regional outdoor photographers share their unfiltered stories of hard work, stubborn perseverance— and sometimes, damn good luck—that goes into getting the shot (and how you can get it, too).BOONE’S BIG BUYAfter more than 30 years of climbing access issues in the High Country, Boone finally has its very own boulderfield.SOLE SISTERSTwo college roommates from Atlanta started jogging—and launched a global movement to inspire African-American women to run with them.last_img read more

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Coffee roasters fear port logjams could disrupt supplies

first_img“Demand has been strong,” Nelson Salvaterra, a broker in Rio de Janeiro-based Coffee New Selection, said in a telephone interview. “I’ve never sold so much coffee in March.”The type of delays that buyers fear are already on display in Uganda, where a container shortage and public transport ban are affecting shipping staff and delaying cargoes.In India, the nation’s coffee board is still issuing export permits for April, but exporters willing to sell are “few and far between” as shipments for March are still delayed at the port, Volcafe, the coffee unit of commodities trader ED&F Man, said in a report Friday.In other coffee-producing countries like Colombia and Costa Rica ports have been operating normally while a smaller-than-expected harvest in Honduras has made suppliers there tight, Salvaterra said. Topics : The world’s biggest roasters of coffee beans are looking to bring forward orders from top exporting nation Brazil as a hedge against coronavirus-related port disruptions.Nestle SA, Jacobs Douwe Egberts and Keurig Dr Pepper Inc. are among buyers requesting to have some of the coffee beans they contracted shipped earlier, people with direct knowledge of the matter said, asking not to be identified because the information is private. For instance, June shipments would be sent in April and those for July in May, the people said.While Brazilian ports are running normally, disruptions in places such as India and tight availability of containers in Uganda are prompting buyers to secure supplies quickly in case interruptions spread. Demand for accelerated coffee deliveries is widespread, with Spain and Italy the exceptions given ports there are already operating below capacity, one of the people said.center_img While JDE has asked to advance some shipments, the company is mostly picking up additional supplies needed in the spot market, the people said. The company said that since the outbreak of Covid-19 in Europe, it “has experienced a significant increase in demand forecasts from its retail customers. To accommodate this increased volume we are actively sourcing the required ingredients.”Keurig didn’t respond immediately to requests for comment. Nestle said “the supply of coffee beans remains within the deadlines agreed with the partners, and there is no change that impacts the supply in this regard.”‘Hangover’ coming?The push for early shipments comes just weeks after some of the world’s top coffee traders warned of potential disruptions. Volcafe told clients that logistical holdups were expected to become “more widespread” throughout major producing countries and Sucafina SA encouraged clients to place orders as soon as possible to ensure they get beans on time.For top coffee producer Brazil, the requests from roasters signal an increase in shipments through April.Brazil’s green coffee exports in March probably were higher than the 2.4 million bags shipped in February, Carlos Alberto Fernandes Santana, director at Empresa Interagricola SA, a unit of Ecom Agroindustrial Corp. He expects a similarly unusual increase in April.Coffee sales have also increased as consumers stockpile in their homes.“The question is now what happens from May, which is when the coronavirus impact on real coffee demand may be clearer,” he said. “What we have seen is demand being brought forward rather than an increase. We may see some hangover for the coffee market between May and June.”last_img read more

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