🇬🇧 Wrapping up a great few days in London en route to Houston. Quick takes from the road. Energy lawyers @bakerbotts hosted an energy forum where panelists seemed not too worried about the Strait of Hormuz, noting “oil will flow no matter what” and more pipelines are being discussed, BUT “there’s no pipeline for LNG” so they expect LNG prices to remain elevated.
An LNG tanker appears to be heading to the Strait of Hormuz, just as the US and Iran say they have reached a deal to reopen the waterway 🚢 ⚠️
The Disha (which is chartered by India) has been stuck in the Persian Gulf for >3 months. The tanker is carrying a cargo from Qatar
European natural gas prices fall as much as 5.8% after the US and Iran announce a peace deal to reopen Hormuz 📉⚠️
“I hereby fully authorize the toll free opening of the Strait of Hormuz," Trump said in a post
TTF futures are fast approaching February levels
Trump says he will issue a statement imminently announcing the U.S. has agreed to a deal with Iran. Tehran hasn’t confirmed there is a deal. on.wsj.com/3Q5jtCF
🚨🚨🚨Pakistani Prime Minister Sharif: Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon. The official signing ceremony will be on Friday, 19 June in Switzerland
California is one of the most dynamic places on the planet.
But it is a case study in how a rich society can spend more and more while producing less and less of what its ordinary citizens need.
My take:
Exxon is studying potential acquisition targets including Australia’s Woodside Energy Group, as the US giant eyes options to deepen its presence in liquefied natural gas and Asian markets bloomberg.com/news/articles/…
U.S. forces continue to strictly enforce the blockade against Iran. CENTCOM has redirected 139 compliant commercial ships and disabled 9 non-compliant vessels since April 13.
🇺🇸🇮🇷🇵🇰Iranian foreign minister says deal with U.S. "never been closer". The official mediator Pakistani prime minister Sharif says "an agreed upon text of the peace deal has been reached". My story on @axiosaxios.com/2026/06/12/iran-de…
🇬🇧 Wrapping up a great few days in London en route to Houston. Quick takes from the road. Energy lawyers @bakerbotts hosted an energy forum where panelists seemed not too worried about the Strait of Hormuz, noting “oil will flow no matter what” and more pipelines are being discussed, BUT “there’s no pipeline for LNG” so they expect LNG prices to remain elevated.
✈️ En route to Houston for the Energy Projects Conference #EPCShow where I’m on an LNG panel with @PotenPartners and others and will catch up with @SergioChapa and more. Let me know if you’ll be there!
Three new U.S. LNG projects have reached a positive final investment decision this year: Venture Global’s CP2 Phase 2, Caturus’s Commonwealth LNG, and now, most recently, Delfin Midstream’s Delfin LNG, which will be the U.S.’s first floating LNG project.
rbnenergy.com/daily-posts/bl…