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Gunvor, Delfin Midstream Sign LNG Supply Deal
Commodity trading house Gunvor has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Delfin Midstream, it said in a statement on Wednesday.It is the second such deal between the two companies in two-and-a-half years. Delfin said in November 2023 it had entered into a long-term deal with Gunvor to supply 500…
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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal backed by its floating liquefied natural gas (FLNG) assets, three people familiar with the matter said.The contacts between Eni and the funds are at an early stage and there is no certainty that a de
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first such cargo crossed under an arrangement involving Iran and Pakistan, highlighting how cargoes are crossing the waterway on a case-by-case basis amid ongoing conflict risks.The vessel…
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Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its revenue due to at least a doubling of logistics costs, industry sources and analysts told Reuters.The European Union plans to fully phase out Russian LNG imports…
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SEFE, Ksi Lisims LNG Agree on long-Term LNG Supply
German state-owned gas importer SEFE said on Wednesday it agreed to purchase 1 million tonnes of liquefied natural gas per year from Canada's Ksi Lisims LNG to diversify supplies amid unsteady global energy markets.Under a memorandum of understanding signed on Wednesday, deliveries are set to begin in the early 2030s for up to 20 years…
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European stocks remain steady, as gains in autos and chemicals offset the uncertainty surrounding Iran war
European shares closed little changed Wednesday, near the record levels set before the Iran War began. Gains in automobile…
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Six countries oppose EU plan to reduce carbon allowances
A document obtained by revealed that an EU plan to reduce the number of?free CO2 permits?given to industry has been met with…
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The US solar industry is suffering from the price increase of aluminium due to the Mideast war.
The war in Iran has caused a shortage of aluminium, which is making racking systems more expensive. This adds to the financial…
Latest news
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Russia warns Armenia that it may stop cheap fuel supplies to Armenia if Yerevan continues EU-course
Russia warned Armenia on Wednesday that it would halt or cancel a deal to supply cheap gas and oil if the country decided to pursue its EU bid.
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EUROPE GAS - European gas prices fall as the supply increases
Dutch and British gas rates edged lower on Wednesday as a result of a comfortable supply, which offset the concern about…
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Premier says Australia's largest LNG producer is confident that export restrictions will not harm the state.
Roger Cook, the premier of Western Australia, said that Madeleine King had "assured him" on Wednesday that a new federal…
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The industry ministry warns that the heatwave could worsen strain on Vietnam's power grid
The?industry minister of Vietnam said that the heatwave in Vietnam had already put immense pressure on the?national power grid.
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The UK's energy bills will increase by 13% in July, as Ofgem raises the price cap in response to higher gas prices
British households, already feeling the pinch of the rising cost of living, will be greeted with energy bills that average PS1,862 per year from July.
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AustralianSuper: A Glencore listing at ASX could be positive
AustralianSuper, a pension fund, said on Wednesday that if Glencore decided to list its shares on the Australian Securities…
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BlackRock sees merit in large scale mining M&A
BlackRock will support consolidation of large mining companies because it would make the sector more accessible to generalist…
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Nordic investors ask EU to maintain its stance on Arctic drilling ban amid energy crises
Investors and financial institutions have urged the European Union to maintain its opposition to any new Arctic oil & gas…
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Mexican billionaire Slim says that Pemex's Lakach project, which has been indefinitely stalled, is irrational
Carlos Slim, a Mexican billionaire, said that the deepwater 'natural gas' project that his company?GrupoCarso has agreed to develop?
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Sources say that Trinidad's Atlantic LNG has shut down its processing unit to perform maintenance.
Gerald Ramdeen, the Chairman of the National Gas Company of Trinidad and Tobago (NGC) and two other people familiar with the operation…
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Source: Canada will sign a deal with Germany's SEFE to purchase Ksi Lisims Liquefied Natural Gas.
According to a source in the industry, Canada will sign a large LNG agreement with Germany's SEFE?for liquefied gas from…
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Sources say that Occidental has taken 10% of the Exxon deepwater offshore Trinidad block.
Occidental Petroleum has acquired a 10% stake in Exxon Mobil’s 'deepwater exploration' block offshore Trinidad and Tobago.
Shale Oil & Gas
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Sources say that Trinidad's Atlantic LNG has shut down its processing unit to perform maintenance.
Gerald Ramdeen, the Chairman of the National Gas Company of Trinidad and Tobago (NGC) and two other people familiar with the operation…
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Source: Canada will sign a deal with Germany's SEFE to purchase Ksi Lisims Liquefied Natural Gas.
According to a source in the industry, Canada will sign a large LNG agreement with Germany's SEFE?for liquefied gas from…
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Sources say that Occidental has taken 10% of the Exxon deepwater offshore Trinidad block.
Occidental Petroleum has acquired a 10% stake in Exxon Mobil’s 'deepwater exploration' block offshore Trinidad and Tobago.
LNG
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first…
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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal
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Gunvor, Delfin Midstream Sign LNG Supply Deal
Commodity trading house Gunvor has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Delfin Midstream…
Renewables
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Italy Business Lobby urges energy reform and investment to revive growth
The head of Italy’s largest business group on Tuesday called for sweeping reforms to revive the near-stagnant country’s economy.
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India's ethanol push leads to a big increase in land used for fuel production
In just four years, the land used for ethanol production has increased eight-fold. India imports 85% of its crude oil. Using…
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Palm oil prices rise on the back of higher crude and weaker production
Malaysian palm futures rose on Tuesday, following sharp gains in crude oil. Weaker Malaysian production prospects and the…
