Texas-based company Excelerate Energy is one of the bidders in a tender to provide a floating storage and regasification unit (FSRU) that would welcome Iraq’s first-ever LNG imports, a senior Iraqi official told Bloomberg.
Energy Transfer LP said Wednesday it had signed an incremental agreement with Chevron Corp. for additional volumes of 1 million metric tons per annum (MMtpa) from the planned Lake Charles LNG, increasing Chevron’s offtake from the Louisiana project to 3 MMtpa.
Curious Minds Corner
What’s the real difference between “crude oil” and “petroleum”?
Crude oil is the raw, unrefined liquid from the ground. Petroleum is a broader term including crude oil and all the products refined from it (gasoline, plastics, etc.).