Russian LNG Tanker Sinks in Mediterranean
A Russian tanker carrying liquefied natural gas (LNG) sank in the Mediterranean on Wednesday after what Moscow described as an attack by Ukrainian drones launched from Libya.The Arctic Metagaz sank in waters between Libya and Malta after catching fire a day earlier, Libya's maritime rescue agency said in an advisory seen by Reuters."Information indicates that the tanker experienced sudden explosions followed by a massive fire, which ultimately led to its complete sinking," the agency said.Ukraine has frequently targeted Russian oil refineries and other energy infrastructure in an attempt to deprive Russia's war machine of funding, but if confirmed
Venture Global Able to Support LNG Shortfall as Qatar Pauses Output
Venture Global has the biggest amount of LNG cargoes in the world that are not contracted and is ready to help stabilize the global markets as Qatar halts production following attacks from Iran, the company's CEO Mike Sabel said on Monday.Qatari LNG production is equivalent to about 20% of global supply and plays a major role in balancing both Asian and European markets' demand for the fuel.State-owned QatarEnergy, 82% of whose clients are Asian, was set to declare force majeure on its LNG shipments after Iranian drone attacks on facilities in the sprawling Ras Laffan complex, according to a source with knowledge of the matter.
Cheniere Raises Share Repurchase Target After Q4 Profit Doubles
Cheniere Energy said its fourth-quarter profit more than doubled on strong liquefied natural gas (LNG) demand and the company raised its share repurchase target to more than $10 billion through 2030.Shares of the largest LNG producer in the U.S. were up 1.2% at about $223 in premarket trading on Thursday.The U.S. is the world's largest LNG exporter and had shipped 15 billion cubic feet per day (bcfpd) of the supercooled fuel last year, according to the U.S.
Cheniere increases buyback plan above $10 billion due to strong LNG demand
Cheniere Energy reported that its fourth-quarter profits more than doubled due to a?strong demand for liquefied gas (LNG). The company also raised its share repurchase goal from $10 billion until?2030. The largest LNG producer in the United States, the shares of this company are up 1.2% at $223. In premarket trading, shares of the largest?LNG producer in the?U.S. were up about 1.2% to $223. According to the U.S. Energy Information Administration, the U.S. was the largest LNG exporter in the world last year. It shipped 15 billion cubic foot per day (bcfpd), an increase of 26% from 2024.