Qatar Extends LNG Force Majeure to Edison, Some Asian Clients
QatarEnergy has extended force majeure notices and will not be able to deliver liquefied natural gas cargoes to Italian utility Edison or some Asian clients as the Strait of Hormuz remains closed, Edison and trading sources said on Monday.Edison, one of the company's biggest customers in Europe, will not receive LNG cargoes unti
Sources say that EDF is considering preferred equity as a way to attract buyers to Edison shares
Three sources with knowledge of the situation said that France's EDF was considering a preferred equity structure in order to attract investors for its upcoming sale of a minority stake in Italian utility Edison, after Iran war LNG disruptions impacted its IPO options.
Source: Venture Global informs Plaquemines Phase 2 buyers of LNG deliveries on time
?U.S. According to a source with direct knowledge, Venture Global told its customers at the Plaquemines Phase 2 Export Plant in Louisiana that they are on track to deliver contracted cargoes according to schedule and at prices previously agreed. Exxon Mobil, Chevron…
QatarEnergy suspends gas deliveries until November 1st to Italy's Edison
QatarEnergy has notified Italian utility Edison - one of its biggest customers in Europe - that it 'has extended the suspension period for liquefied gas deliveries (LNG) until early November. QatarEnergy stopped supplying LNG from Edison in April due to disruptions caused by the U.S.-Iran Conflict.
EDF is waiting for clarity before launching a partial Edison sale
Claude Laruelle, the finance chief of EDF, said that the utility has not given up on its plans to'sell a part of edison, the Italian subsidiary, but it would wait until there was more clarity before launching this process. Edison faces uncertainty regarding gas supplies, as it imports 45% of its supply from Qatar.
Edison cuts 2026 guidance yet again due to weak hydro and Qatari gas
The Italian utility Edison cut its earnings guidance for full-year by a second time in a row on Thursday, as the first-half results had been affected by disruptions of Qatari gas supply and weak hydroelectric production. Edison, one QatarEnergy’s major gas customers in Europe now expects to earn before interest…
After the Hormuz disaster, buyers will press Qatar and UAE to offer cheaper and more flexible LNG deals
Asian and European buyers will ask Qatar and the United Arab Emirates for lower prices, and to provide additional guarantees of supply, as a result of 'the U.S. - Iran war, which has increased insurance costs.' Buyers, traders, and executives in the industry have confirmed this. The war has reshaped 'the?global?energy industry.
QatarEnergy has extended force majeure to mid-August according to Italy's Edison
The Italian utility Edison announced on Monday that QatarEnergy had notified its largest 'European customer' of the cancellation of five more LNG shipments, and extended force majeure to mid-August. Edison has a long-term agreement with QatarEnergy to supply 6.4 billion cubic metres of liquefied gas to Italy each year.
Venture Global raises its annual core profit forecast due to higher liquefaction charges and LNG sales
Venture Global, a U.S. company, raised its full-year adjusted core profits forecast on Tuesday. It attributed this to higher liquefaction charges and LNG sales volumes. This sent the shares of Venture Global soaring 8.4% during premarket trading. The U.S. has seen…
Venture Global increases its annual core profit forecast due to higher liquefaction charges and LNG sales
Venture Global, a U.S. company, raised its core profit forecast for the full year on Tuesday. This was due to higher liquefaction charges and stronger LNG sales volumes. The export of super-chilled fuels from the U.S. has increased sharply since the Middle East conflict disrupted the energy markets.
Fervo Energy to raise US IPO valuation from $7.4 billion to $7.4 billion
The geothermal power developer,?Fervo Energy, said that it is targeting an initial public offering (IPO) in the U.S. of up to $7.37 billion dollars. This indicates a strong interest from investors for this listing. The 'Houston, Texas' based geothermal firm is now looking to raise up to $1.82 Billion in its IPO.
After peace agreement, Edison expects to receive 2/3 of the contracted Qatari LNG supplies
QatarEnergy’s European customer Edison anticipates that the 'Gulf' producer will be able initially to supply around two-thirds of contracted volumes after any 'peace' deal between the United States & Iran. The CEO of the Italian group said this on Friday. Speaking at an event held in Milan…
Due to QatarEnergy's force majeure, Edison's operating profit for the first quarter of 2012 has been cut in half.
Italian Edison has lowered its full-year forecast and said that its operating profit for the first quarter of this year was halved when compared with a year ago, mainly due to 'the impact'...of a force majeure declaration by its supplier QatarEnergy. The Italian utility…
QatarEnergy extends the force majeure for Edison LNG until early July
The 'Italian' utility said that QatarEnergy has informed its largest Italian customer, Edison, of the cancellation of two more liquefied gas (LNG). Edison, an EDF unit, announced in a press release that QatarEnergy will not deliver two more cargoes to add to the ten…
EDF delays its decision on Edison stake sales as Middle East conflict disrupts LNG supplies, sources say
Four people with knowledge of the situation said that the French utility EDF is delaying any decision on selling a stake in its Italian unit Edison because the war in Iran has caused disruptions in the importing of liquefied natural gases from Qatar. EDF has worked with advisors to evaluate options for Edison since October…
Edison: Qatar gas force majeure may be extended, but US LNG will fill the gap
The Italian importer Edison stated on Wednesday that Qatar may extend the force majeure period on gas supply?past mid-June. They also predicted that U.S. gas would be used to fill in the 'gap instead of Russian gas. Nicola Monti, Edison's CEO and Fabio Dubini, its head of Gas Portfolio Management…
Sources say that RPT-Italy will get LNG from QatarEnergy's US Golden Pass in June
Two sources with knowledge of the matter have confirmed that Italy will start receiving liquefied gas (LNG), from a facility called 'Golden Pass LNG,' in the United States. This is a joint venture between QatarEnergy, Exxon Mobil and other companies. Two sources familiar…
Sources say that Italy will get LNG from QatarEnergy's US Golden Pass in June.
Two sources with knowledge of the matter have confirmed that Italy will start receiving liquefied natural gas (LNG), from the Golden Pass LNG plant in 'the United States. This is a joint venture between QatarEnergy & Exxon Mobil. Sources with knowledge of the LNG markets…
Italy to Receive LNG From US Golden Pass Facility Starting June
Italy will begin receiving liquefied natural gas (LNG) from the Golden Pass LNG facility in the United States, a joint venture between QatarEnergy and Exxon Mobil, from June, two sources familiar with the matter told Reuters.The LNG tankers from the United States will…
Venture Global and Edison resolve arbitration dispute regarding early Calcasieu Pass gas sales
Venture Global and Edison announced on Thursday that?they?had?reached an agreement in order to settle a longstanding arbitration dispute relating to allegations that the American exporter liquified natural gas had failed to deliver contractual shipments to the Italian firm.