Edison CEO: Group accelerates green investments; EDF eyes minority stake sale
Edison's green investment will increase the Italian utility company's borrowings, said its CEO. EDF, the parent company, plans to sell a small stake in the unit, to avoid increasing its own debt. The Italian utility announced earlier Thursday that it would begin working…
Shell appeals against arbitration ruling on Venture Global LNG Supply Contracts
Shell has filed a lawsuit in New York Supreme Court to challenge its loss in an arbitration against U.S. liquefied gas producer Venture Global. This comes weeks after BP won a $1 billion arbitration. The two arbitration cases were based on Venture Global's inability to deliver LNG as per long-term contracts…
Shell appeals against arbitration ruling on Venture Global LNG Supply Contracts
Shell has filed a lawsuit in New York Supreme Court to challenge its loss in an arbitration against U.S. liquefied gas producer Venture Global. This comes weeks after BP won a $1 billion arbitration. The two arbitration cases concerned Venture Global's inability to deliver LNG as per long-term contracts…
Shell challenges Venture Global Arbitration Decision in New York Supreme Court
Shell is appealing its loss in a case against U.S. liquefied gas producer Venture Global at the New York Supreme Court. This comes weeks after BP won a $1 billion arbitration. The dispute arose from Venture Global's failure of to deliver liquefied gas under long-term agreements starting in 2023.
Poland is in talks with the US to import more LNG to supply Ukraine and Slovakia
Two sources familiar with negotiations say that Poland is working to secure a deal for the import of liquefied gas from the U.S. in order to supply Ukraine and Slovakia. This agreement would strengthen the European Union's relationship with American energy. The Polish Energy Ministry confirmed the talks late Wednesday night.
Poland Working on Deal to Import US LNG to Support Ukraine, Slovakia
Poland is working on a deal to import liquefied natural gas (LNG) from the U.S. to supply Ukraine and Slovakia, an agreement that would further tighten the European Union’s ties to American energy, according to two sources familiar with the negotiations.Officials expect…
Poland is in talks with the US to import more LNG to supply Ukraine and Slovakia
According to sources familiar with negotiations, Poland is negotiating a deal for the import of liquefied gas (LNG), from the United States, to supply Ukraine and Slovakia. This agreement would strengthen the European Union's relationship with American energy. One…
How BP won a $1 billion plus case against Venture Global
Five sources familiar with the case said that BP's $1 billion arbitration win against liquefied gas producer Venture Global was won by arguing unfair behavior by the U.S. firm. This strategy could be used in similar cases by other claimants. BP won in October. Two months earlier…
US regulators are pushed to connect data centers with grid
The U.S. Energy Secretary Chris Wright directed federal energy regulators this week to examine a rule that would speed up the connection between power-hungry, data centers and electric grids. Wright sent a rule to the Federal Energy Regulatory Commission on Thursday…
Venture Global sinks after BP's arbitral win raises concerns over pending disputes
Venture Global's shares fell by about 20% Friday, after the U.S. exporter of LNG lost an arbitration against BP for failure to meet a long-term contract. This stoked fears of similar verdicts with other customers who are suing for billions of dollar compensation. The…
BP wins arbitration against Venture Global regarding LNG cargoes
Venture Global announced on Thursday that BP had won the arbitration case it brought against Venture Global for failing to deliver liquefied gas to Venture Global under a contract with BP, which was supposed to begin in late 2022. Venture Global announced to the market…
Sources say that EDF is in contact with banks to discuss the IPO of Edison.
Three sources confirmed that senior executives of EDF were meeting with investment banks in Paris to discuss options for the French utility's Italian Edison business, which included a return on the stock exchange, according to Wednesday's report. State-owned EDF, under…
Sources say that EDF is in contact with banks to discuss the IPO of Edison.
Three sources confirmed that senior executives of EDF were meeting with investment banks in Paris to discuss options for the French utility's Italian Edison business, which included a return on the stock exchange, according to Wednesday's report. State-owned EDF, under…
Edison to Replace Pipeline Gas with Flexible LNG supply
Italian gas and electric utility Edison plans to replace some gas volumes from pipeline contracts with liquefied natural gas to gain more flexibility in managing demand, its CEO said on Wednesday.The company earlier announced a 15-year agreement with Shell to purchase around 0.7 million tonnes a year of U.S.
GASTECH-China-Russia pipeline plans do not affect Asian demand for US LNG, according to Venture Global CEO
According to Michael Sabel of Venture Global LNG (the second largest U.S. LNG exporter), recent gas agreements between China, Russia and other countries are unlikely to affect Asian demand for U.S. LNG. China, which is the largest LNG importer in the world, signed…
Italy may struggle to achieve 2030 green goals according to a study
A study released on Saturday showed that Italy may not be able to achieve the carbon emission targets set at EU level because of delays in green transition areas such as renewable energy generation and energy storage. The report prepared by the energy group Edison…
Venture Global wins arbitration against Shell for LNG cargoes contracted
Venture Global, a U.S. LNG company, announced on Tuesday that it had won a court battle against Shell for failing to deliver liquefied gas under long-term agreements starting in 2023. Shell, BP and Edison filed arbitration claims in 2023 accusing Venture Global that it was profiting off the sale of LNG at the spot market…
Venture Global signs 20-year LNG contract with Petronas
Venture Global Inc, a U.S. LNG exporter, announced Thursday that Petronas had agreed to purchase 1 million metric tonnes of LNG from the CP2 Project. This is its first new CP2 client in two years. Venture Global, a startup just three years ago has grown to be the second…
Edison confident in positive outcome of Venture Global LNG arbitration
The chief executive of Italian utility Edison said that it is confident in a favorable outcome of an arbitration between Venture Global, a U.S. supplier of liquefied gas, expected to be completed by the end the year. Edison is among several European energy firms, including Shell…
Edison Confident In Venture Global LNG Arbitration
The chief executive of Italian utility Edison said on Thursday he was confident of a positive outcome in arbitration involving U.S. liquefied natural gas supplier Venture Global, expected by the end of the year.Edison is one of several European energy companies, including Shell…