As the region pivots away from Russian supplies amid the Kremlin’s war in Ukraine, more terminals are needed. 

Westinghouse was selected to build three AP1000 reactors, or half of what it bid for. Electricite de France SA and Korea Hydro & Nuclear Power Co. were also competing for the contracts.

The expansion is one reason there is a rush to add LNG tankers to capacity-strained shipping markets.

Lance also cautioned the federal government against any significant changes to the tax structure, saying it could have dire consequences for oil and natural gas investments.

BP’s profits have soared this year as Russia’s invasion of Ukraine has pushed up wholesale gas prices.

National supplies of  trucking fuel have remained flat heading into winter, which could mean higher prices across the country in the coming weeks.

Regulators have said Freeport needs to take a series of corrective actions that must be approved before a restart can happen.

About 1.1 million tons of high-sulfur fuel oil were being stored on vessels near Singapore and Malaysia.

The surge in supplies is sending prices lower, as the continent weans itself off Russian energy.

Upstart mining company European Lithium could become one of Europe’s only sources of a key metal for electric-vehicle batteries.