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Search resuls for: "Cape Town International Convention Centre"


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A top U.S. Department of Energy (DOE) official on Thursday defended President Joe Biden's pause on approvals of liquefied natural gas (LNG) exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision. Deputy U.S. Energy Secretary David Turk told the Senate energy committee that the DOE will finish the review as quickly as possible but it he could not predict a timeline other than it would take "months, not years." A U.S. official earlier on Thursday told Reuters "I don't think we're concerned at all about our ability to meet (European) demand." Senator Joe Manchin, a Democrat from natural gas producer West Virginia who called the hearing, said the pause sends the wrong signal to allies in Europe and Asia. The pause signals "the wrong direction for our country, a very wrong direction," Manchin said.
Persons: Energy David M, Turk, Joe Biden's, Biden, David Turk, Joe Manchin, West, Manchin Organizations: Energy, Green Energy Africa, Cape Town International Convention, U.S . Department of Energy, DOE, U.S . Energy, U.S, Thursday, Reuters, LNG Locations: Cape Town , South Africa, United States, Europe, Ukraine, West Virginia, Asia
FILE PHOTO:President and chief executive officer of the Federal Reserve Bank of Atlanta, Raphael Bostic speaks at the South African Reserve Bank's Biennial Conference in the Cape Town International Convention Centre, South Africa, August 31, 2023. "I don't think there is an urgency for us to do anything more ... I think that is the appropriate thing to do for a long time," Bostic said. The current policy rate "is starting to slow the economy down. Recent data showing a decline in the underlying pace of inflation is expected by many investors to hold the benchmark policy rate steady.
Persons: Raphael Bostic, Esa Alexander, Bostic, Let's, Howard Schneider, Andrew Heavens, Will Dunham Organizations: Federal Reserve Bank of Atlanta, South African, Bank's, Cape Town International Convention Centre, REUTERS, Rights, Federal Reserve, Atlanta Federal Reserve, Metro Atlanta Chamber, Federal, Fed, Thomson Locations: South Africa, Atlanta
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