 Historical LNG production in billion cubic feet per day (bcfd) The U.S. is poised to surpass Qatar and Australia to become a world leader in the export of liquefied natural gas (LNG) in 2022. The U.S. Energy Information Administration has projected that the U.S. will fulfill 22% of the global LNG demand of 53.3 billion cubic feet per day (bcfd) by supplying 11.5 bcfd in 2022. More: - The U.S. currently has large reserves of LNG and is projected to grow in the next few years.
- America has been supplying the majority of the global demand for LNG, which has risen in recent years due to the strong demand in China and other Asian countries.
- Global LNG demands have continued growing YoY since hitting an all-time high in 2015.
- The U.S. is expected to lead LNG exports until 2025 as Cheniere Energy, the largest exporter in the U.S., has signed numerous long-term deals to sell LNG, most of which have come from Chinese buyers.
- South Korea, China, and Japan comprised the three largest U.S. LNG importers, respectively, acquiring 13%, 13%, and 10% of the U.S LNG supply.
- As they fulfill expanding energy demand while moving from coal to cleaner renewables, utilities throughout the world have been using gas to keep electricity rates relatively low and maintain dependable electric systems.
- Although LNG is less polluting than coal or oil, burning more evenly and emitting lower emissions, unburned gas or methane released in the atmosphere contributes to global warming.
- Upcoming three LNG projects set to go forward the next year are:
- Cheniere's Stage 3 expansion at Corpus Christi in Texas.
- Venture Global's Plaquemines in Louisiana.
- Tellurian Inc's Driftwood in Louisiana.
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 Solar panels at Enel Green Power's Lily solar and storage project in Scurry, Texas. The U.S. is on track to add large batteries of six-gigawatt capacity in 2021, with 9 gigawatts projected for next year. The battery capacity added is six times higher than in 2020 and is driven by government mandates and lowered costs of power storage. More: - The costs of lithium-ion battery packs have reduced from $1,200 per kilowatt-hour in 2010 to $132 this year, as demand for batteries has increased following the rise in sales of smartphones, laptops, and EVs.
- The State of California will decarbonize its grid by 2045 and is moving ahead with plans to close its gas-fired and nuclear-powered plants, which supply 10% of the energy to the state.
- The U.S. market for batteries is slated to grow between $13B to $14B by 2030, from $1B in 2020.
- Battery projects linked with solar farms are eligible for a 26% credit, while residents of California and Hawaii can also get incentives for home battery packs.
- While large-scale projects comprise an 89% share of the installations, many residences are also leaning toward installing battery packs, with the residential market projected to cross $1B next year.
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Microsoft's $16B purchase of Nuance Communications, an artificial intelligence and voice technology company, received unconditional antitrust approval from the European Commission on Tuesday. The deal had already received regulatory approvals in the U.S. and Australia. More: - Nuance Communication services 77% of hospitals in the U.S. and was instrumental in the introduction of Apple's Siri virtual assistant.
- This deal is Microsoft's second-largest acquisition after purchasing LinkedIn in 2016 for $26.2B.
- The European Commission concluded that the deal wouldn't cause any competition concerns in the EU area.
Zoom out: - Microsoft has agreed to acquire Xandr from AT&T for an undisclosed amount.
- Xandr is a data-driven platform for targeted premium advertising.
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 Nike Nike announced its earnings for the quarter ended on Nov. 30 while posting a revenue of $11.4B, up 1% from the year before. The shoe company is grappling with supply chain issues stemming from pandemic-related factory shutdowns, resulting in low stock in Asian and Latin American markets. More: - The shutdown of the Vietnam factory, which produces 50% of the company's footwear and a third of its apparel, caused Nike to reduce production by ~130 million units.
- Nike's November quarter exceeded investor expectations, culminating in revenue of $1.3B, up 7% YoY, driven by a 9% increase in direct sales and a 12% increase in digital sales.
- The company's earnings per share came in at 83 cents.
- Last week, Nike acquired NFT startup Rtfkt following its trademark application for selling NFTs of its sneakers, clothes, and apparel with its logo.
- The shoemaker follows in the footsteps of competitor Adidas, which recently announced $23M in revenues from NFTs.
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 A message from SEEDINVEST The next era of fundraising online is here SeedInvest is where high-growth startups go to fundraise online. From a Seed round to a $20M+ Series B, founders in SaaS, consumer, robotics, and more are harnessing the power of equity crowdfunding to take their company to the next level. Here’s what 250+ successfully funded companies know about SeedInvest: - Equity crowdfunding is complementary to traditional VC - SeedInvest companies have received follow-on funding from Greycroft, Menlo Ventures, Tiger Global, and more.
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 Rothy's shoes Rothy's, a sustainable footwear manufacturer, has sold a 49.9% stake to Brazilian footwear company Alpargatas. The recent sale has valued Rothy's at $1B. More: - Alpargatas will buy Rothy's for $200M in cash, followed by $275M in share purchases.
- The new funding will enable brand promotion, and Rothy's aims to also use Alpargatas' retail network to expand its presence.
- The sustainable footwear maker recycles single-use plastic bottles into eco-friendly and fashionable footwear.
- The company has its manufacturing base in Dongguan, China, where it has a 300,000-square-foot facility.
- It has ventured into accessories and men's footwear and has a presence in Los Angeles, New York, and other cities.
- Rothy's earned $140M in net revenue to November this year.
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 NatWest A Connecticut federal judge ordered NatWest Markets PLC to pay $35M in fines after it pleaded guilty to two counts of wire and securities fraud. The bank's traders across Connecticut, London, and Singapore transpired to manipulate U.S. Treasury markets through a number of schemes between 2008 and 2018. More: -
In addition to the fines, the bank was also given a three-year probationary term requiring full compliance with prosecutors and the appointment of a corporate monitor to assess the bank's compliance practice. -
The current manipulative trading counts have been known to violate the terms of an earlier settlement entered in 2017, then as the Royal Bank of Scotland entity. -
Earlier this month, NatWest pleaded guilty in the U.K. over failing to act appropriately when a major client was found of money laundering, incurring a fine of $351.3M.
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- Qatar has approached international banks for financing its $10B investment plans in U.S. ports. Sources claim Qataris are seeking medium-sized ports south of Boston and north of Jacksonville.
- Mastercard agreed to buy Dynamic Yield Ltd., a personalized digital promotions platform, from McDonald's.
- The California Public Utilities Commission ordered Edison International's Southern California Edison (SCE) power utility to pay $550M in penalties for violations related to the ignition of five 2017-2018 wildfires. SCE shareholders will pay a $110M penalty to California's General Fund and incur a $375M permanent disallowance for cost recovery.
- The Chinese State Taxation Administration ordered Huang Wei, a top influencer, to pay $210M in fines for concealing personal income and making false declarations in 2019 and 2020.
- The U.K. announced $1.3B in grants to aid the hospitality industry, with each business in the sector eligible for a one-time grant of $7,954. Local governments will be granted $133M to support businesses impacted in their regions.
- Chinese automaker Geely Holding is expected to collaborate with Renault to jointly produce vehicles in South Korea and export them duty-free to the U.S.
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 |  | Karan Chafekar is a Management Consultant, Business enthusiast, Formula 1 lover, and a Licensed Pilot. He is also a part-time automobile and aviation fanatic, and a full-time introvert. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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