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2024

US LNG gas demand hits record high on last day of the year

US LNG gas demand hits record high on last day of the year 150 150 admin

By Curtis Williams

HOUSTON (Reuters) – U.S. natural gas demand from LNG plants hit a record on Tuesday, the last day of the year, climbing to 15.2 billion cubic feed (bcf) in a sign of a strong year ahead from the startup of two new gas-processing plants, preliminary data from financial firm LSEG showed.

U.S. natural gas demand for LNG plants is forecast to rise to 17.8 bcfd next year with the commissioning of Venture Global LNG’s 20 million tones per annum (MTPA) Plaquemines plant in Louisiana and Cheniere Energy’s Corpus Christi Stage 3 expansion in Texas.

Demand for natural gas by LNG export plants could spur higher production in the U.S. and increase prices at the country’s main gas exchange in Louisiana, called Henry Hub, according to analysts. Gas prices were up 48 cents in midday trading on Tuesday, at $3.94 per million cubic feet (mcf), according to LSEG data.

The U.S. is the world’s largest exporter of the superchilled gas and a major supplier to Europe and Asia. LNG exports and feedgas demand also tend to be higher in the cooler months in the Northern Hemisphere as it improves the plants efficiency.

Tuesday is the third time in two weeks that U.S. LNG feedgas demand has crossed 15 bcfd but the first time it has gotten to 15.2 bcf, according to LSEG data.

In December, Venture Global and Cheniere announced first LNG from their expansion projects with Venture Global’s Plaquemines plant making its first shipment to Germany.

U.S. gas demand for LNG is expected to increase to 20.3 bcfd in 2026 as the new plants ramp up output, and climb to 24.2 bcfd in 2028 according to US EIA data. The gains will follow the start of Golden Pass LNG, a joint venture of QatarEnergy and Exxon Mobil being constructed on the Texas coast with first gas due in late 2025 or early 2026.

(Reporting by Curtis Williams in Houston; Editing by David Gregorio)

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U.S. military strikes Houthi targets in Yemen

U.S. military strikes Houthi targets in Yemen 150 150 admin

The U.S. military said it conducted airstrikes in Yemen on Monday and Tuesday, targeting Houthi operations that have been used for attacks on U.S. Navy warships and merchant vessels in the region. CBS News senior foreign correspondent Holly Williams has more on the ongoing conflicts in the Middle East.
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Angelina Jolie, Brad Pitt agree on divorce settlement after 8-year battle

Angelina Jolie, Brad Pitt agree on divorce settlement after 8-year battle 150 150 admin

Trump calls it the ‘center of the universe.’ Mar-a-Lago is a magnet for those seeking influence

Trump calls it the ‘center of the universe.’ Mar-a-Lago is a magnet for those seeking influence 150 150 admin

PALM BEACH, Fla. (AP) — The cars begin lining up early in the morning to be screened by Secret Service agents under white tents near the fence that surrounds President-elect Donald Trump’s vast south Florida estate.

Famous figures such as Meta CEO Mark Zuckerberg, Canadian Prime Minister Justin Trudeau and Tesla and X owner Elon Musk pop up at breakfasts, luncheons and other social gatherings held daily at the opulent Mar-a-Lago club.

Over the weekend, Mike Love, one of the original members of the Beach Boys, performed the band’s greatest hits under an outdoor tent there as Trump, trailed by Secret Service agents, wandered through the crowd, swinging his fists to the music, according to videos posted online. At other parts of the evening, he stood next to his wife, Melania, near the pool, bobbing his head to the music.

The resort is the “Center of the Universe,” Trump declared on social media Friday, adding, “Bill Gates asked to come, tonight.” Representatives for Trump and Gates didn’t clarify if the Microsoft co-founder did indeed join the parade of figures making the trip to Mar-a-Lago.

But the president-elect’s post reflects the way his resort, where he’s largely been holed up since the election, has become a salon and celebration for his movement. For the people he’s selected for his administration — and those who seek to get jobs or curry favor with the incoming president — it’s the place to be.

Sightings of those turning up there, usually in photos posted online or in the occasional public event, offer a glimpse into the workings of Trump’s incoming White House and how he is setting priorities for office.

The winter holidays have been another occasion for Trump’s celebrations and for big names to come visit.

A representative for Zuckerberg confirmed he joined Trump for a dinner the night before Thanksgiving. A Christmas Eve video showed Trump in one of the resort’s ballrooms full of guests, dancing to one of his favorite songs, the Village People’s “Y.M.C.A.,” while his daughter Ivanka sat in a gilded chair nearby.

It’s not clear what Trump planned for New Year’s Eve — he has traditionally held a bash at the resort — but in his social media post on Friday, he boasted, “New Year’s Eve is going to be AMAZING!!!”

During dinners with friends and family, Trump uses the Spotify account on his tablet to play many of the same tunes that were ubiquitous at his campaign rallies. One night, his guest of honor was Sara Netanyahu, the wife of Israeli Prime Minister Benjamin Netanyahu. Another night, the honor went to Akie Abe, the widow of slain Japanese Prime Minister Shinzo Abe. And, yes, that was Argentine President Javier Milei doing Trump’s “Y.M.C.A.” dance between the tables at a gala dinner.

During the day, Trump often golfs at his nearby course with friends, relatives and allies, like Sen. Lindsey Graham of South Carolina.

Overall, the vibe is a mix of south Florida’s monied social scene overlaid with the power dynamics of an executive job fair.

“He’s surrounded by a lot of old friends,” Graham said. “I just know that everybody I know wants some job.”

Musk has been a constant presence at the club, so much so that Trump’s granddaughter, Kai, wrote on X that he was “achieving uncle status.” Trump has tasked Musk and biotech entrepreneur Vivek Ramaswamy with leading the Department of Government Efficiency, a nongovernmental task force formed to find ways to fire federal workers, cut programs and slash federal regulations.

Kevin Roberts, president of the think tank behind Project 2025, spoke at a December event with investors at the club. One of the guests at the small function was health care executive Dr. Peter Lamelas, later tapped by Trump to be U.S. ambassador to Argentina.

Sometimes Trump relaxes for dinner alongside club members and guests under the yellow and white awnings in the courtyard. Other times, he will address large groups for black-tie events in the ballrooms. At a recent gala for a nonprofit led by Lt. Gen Michael Flynn, the song ″God Bless the U.S.A.,” a favorite of Trump’s, cued the president-elect’s entrance.

“We’re off to a really good start,” Trump told people gathered for the event. He then inquired about the whereabouts of Tom Homan, whom he has tapped to be border czar, and joked that Homan was from “central casting.”

“Just relax, Tom. I want you to relax and get ready for the big push,” Trump said.

Trump shared with the party guests that Mexican President Claudia Sheinbaum, whom he threatened with a 25% tariff on all imported goods unless she does more to tackle illegal border crossings and drug flows, “has made progress.”

At another recent event at Mar-a-Lago, this one hosted by the America First Policy Institute, the ballroom was full of recognizable Trump-world figures such as Kellyanne Conway, who served as counselor to the president, and Charlie Kirk, a conservative activist and founder of Turning Point Action. A copy of the president-elect’s latest book was sitting on the chairs for guests as they arrived in gowns and tuxedos.

As he entered the ballroom, Musk was swarmed by guests, including Kash Patel, whom Trump would later select to lead the FBI, before the tech billionaire took his seat at the center table of the ballroom. Musk was later joined there by Trump and Vice President-elect JD Vance.

“It’s the place to be and the place to be seen,” said Damian Merlo, a political strategist who advises the Salvadoran president, Nayib Bukele. Merlo was at that event as well as another event hosted by the Conservative Political Action Committee.

At a news conference Trump held recently at Mar-a-Lago, the president-elect noted the changed mood compared with his first term, saying, “Everybody wants to be my friend.”

Besides Zuckerberg, Trump has hosted other Silicon Valley executives, including Apple CEO Tim Cook, Google co-founder Sergey Brin, Google CEO Sundar Pichai and Amazon founder Jeff Bezos.

“The top executives, the top bankers, they’re all calling,” Trump said. “It’s like a complete opposite.”

Actor Russell Brand traveled this month to the club to speak at an event, where he sat with actor Mel Gibson, former Fox News personality Tucker Carlson and others. Later in the evening, he stood by a palm tree on the lawn, listening to a bagpiper in a kilt.

Brand later posted a video to X about his experience.

“Pretty amazing,” he said. “Is this real life, or am I in a dream?”

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"CBS Evening News" headlines for Tuesday, Dec. 31, 2024

"CBS Evening News" headlines for Tuesday, Dec. 31, 2024 150 150 admin

Here’s a look at the top stories making headlines on the “CBS Evening News” with Major Garrett.
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US to issue hydrogen credit rule this week, with path for nuclear, sources say

US to issue hydrogen credit rule this week, with path for nuclear, sources say 150 150 admin

WASHINGTON/NEW YORK (Reuters) -The U.S. Treasury Department intends to release guidance on how to access tax credits for hydrogen production under the 2022 Inflation Reduction Act later this week, according to two sources familiar with the matter.

The long-awaited guidance will provide a pathway for hydrogen produced using nuclear power to access the credits, the sources told Reuters, though the details of that plan were not immediately clear.

The question of whether existing nuclear plants should be eligible for the hydrogen subsidy has been a major sticking point for the rule, with environmentalists saying that only hydrogen produced with new clean energy sources should be granted the perks.

One of the sources said the guidance would likely be released on Friday.

A spokesperson said the Treasury Department was working to finalize the guidance and that the agency was considering various requests related to the rules.

“Finalizing rules that will help scale the clean hydrogen industry while implementing the environmental safeguards established in the law remains a top priority for Treasury,” said spokesperson Michael Martinez. “In that process, we are carefully considering the numerous comments we have received on the proposed regulations.”

In December 2023, the Treasury Department unveiled its proposed rules governing how energy companies would qualify for the credits under the act.

In its draft guidance, the agency said the credit would range from 60 cents to $3 per kilogram and be based on the life-cycle greenhouse gas emissions from the power-generating source used in hydrogen production.

The country’s producers of nuclear power, which is virtually carbon free, have since lobbied the Biden administration to include existing reactors in the program.

The level of any inclusion of nuclear power in the final rules will determine whether it’s commercially viable to invest in hydrogen production, one source said.

Some possible guidelines could include a limit on the number of credit-qualifying megawatts allowed from existing nuclear power plants used in hydrogen production, one source said.

(Reporting by Timothy Gardner, Laila Kearney and Nichola Groom; Writing by Richard Valdmanis; Editing by Leslie Adler)

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"Baby Driver" actor Hudson Meek, 16, dies after falling from a moving vehicle

"Baby Driver" actor Hudson Meek, 16, dies after falling from a moving vehicle 150 150 admin

U.S. sanctions Russia and Iran over election interference

U.S. sanctions Russia and Iran over election interference 150 150 admin

The Biden administration imposed new sanctions on Russian and Iranian entities over their attempts to interfere in the 2024 election.
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Bipartisan bill seeks to stop online dating scams at the source

Bipartisan bill seeks to stop online dating scams at the source 150 150 admin

The Online Dating Safety Act would require dating apps to notify users if they’ve been in contact with a scam account.
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36 endangered Florida panthers killed this year, most since 2016

36 endangered Florida panthers killed this year, most since 2016 150 150 admin

2024 saw the most panther deaths in nearly a decade, but officials also confirmed the existence of three young cubs.
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