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Indian Prime Minister Narendra Modi and Donald Trump on Sunday Photo: Michael Wyke, AP
Even while the world is trying to wean itself off fossil fuels and the major Democratic candidates promised to end fracking on federal land and to put a price on carbon, the Houston Business Journal reported that Houston-based liquefied natural gas (LNG) company Tellurian Inc. is entering into a multibillion-dollar deal to with an Indian company to sell them 5 million tons of LNG. The deal was announced over the weekend during Indian Prime Minister Narendra Modi’s visit to Houston. Ironically, yesterday at the United Nations, Modi seemed to strike a more climate-friendly note saying, “Need, not greed, has been our guiding principle. Therefore, India is here today to present a practical approach and a roadmap. In India, we are going to increase by 2022 our renewable energy capacity to 175 gigawatts and we are committed to further increasing it to 450 gigawatts.”
The Texas Tribune reported in a series entitled “Blowout” from late last year that “a coalition of 25 companies, nine trade groups, five law firms, at least five federal agencies and a nonprofit think tank whose stated goal is to drive sales of American natural gas by pumping dollars into pipelines and gas-processing facilities overseas.”
Deals like this one are driving the development of huge LNG export infrastructure such as the soon to be built Driftwood LNG facility – a 27.6 million ton/year liquefaction export facility near Lake Charles, Louisiana that includes the 96-mile Driftwood Pipeline, which will connect the LNG terminal to the U.S. natural gas market.
Even if India wants to move more to renewables, they will be a big fossil fuel purchaser for the foreseeable future. It is better than India burning coal, but we doubt the true cost of this LNG is reflected in this deal.
Scaling production of EVs in the U.S. will require a ramp-up in domestic battery production. Now there’s good news on that front. A battery factory in Georgia can move forward after LG Energy Solution and SK Innovation (South Korean companies), two of the world’s biggest electric vehicle battery manufacturers, settled a dispute.
Why This Matters: The dispute threatened U.S. production of EVs. SK has contracts to produce batteries for electric Ford F-150 pickup trucks and Volkswagen SUVs.
by Ashira Morris, ODP Staff Writer Right now, 95% of American public school buses run on diesel fuel, but that could soon change thanks to part of the Biden administration’s massive infrastructure proposal. The new Clean Buses for Kids Program would electrify at least 20% of the country’s iconic yellow school bus fleet. It would […]
by Amy Lupica, ODP Staff Writer In February, the governors of Pennsylvania, New York, New Jersey, and Delaware voted unanimously to ban fracking in the Delaware River Basin, but Republican-led lawsuits are seeking to stop this action. The ban prevented the natural gas industry from blasting up to 4,000 wells in the basin, serving a blow to the […]
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