US oil production growth cuts Gulf Coast imports

The growth of crude oil production in the US has helped reduce imports from the Gulf Coast. That’s according to the US Energy Information Administration (EIA), which analysed imports to the Gulf Coast from the first quarter of 2014 to the first quarter of 2015. Medium-grade crude oil imports to Gulf Coast refineries decreased from […]

BG Group bags 20-year deal for US gas

UK-headed gas explorer and producer BG Group has signed a 20-year deal to buy 33.5million tonnes of gas from US firm Sabine Pass Liquefaction, a subsidiary of Cheniere Energy. The deal is the first long-term liquefied natural gas (LNG) purchase agreement from a project on the US Gulf Coast. Gas exports from the soon to […]