LNG

The US Government has issued a waiver of Jones Act shipping rules to help the US territory of Puerto Rico attract LNG shipments amid a tight market and high prices after the recent hurricane damage affected power supplies and energy stocks.

The first major hurricane of the 2022 Atlantic hurricane season, named “Hurricane Fiona”, is set to blow towards the northeast with no landfalls on the US coastline, though another was forming in what has been a late start to the 2022 season.