Vitol executive: Increased LNG supply in the coming decade will put pressure on the LNG market
The head of LNG for global trader Vitol, who spoke on Wednesday, said that a rapid increase in LNG supply in this decade will put downward pressure on the prices. Pablo Galante Escobar…
Prices for gas in Europe rise due to lower winds and tensions between the U.S. and Iran
The benchmark British and Dutch wholesale prices of gas rose, as fears about the increasing tensions between Iran and the United States and the declining wind output increased. LSEG…
Romania's OMV petrom reports a 41% increase in profit on the back of stronger gas, power and refining.
Romanian oil-and-gas group OMV Petrom announced a 41% increase?in adjusted operating profit for the fourth quarter on Wednesday. This was driven by'stronger refining, higher gas and…
Germany's Uniper stresses diversification and downplays the increasing reliance on US Liquefied Natural Gas
DOHA, February 4 - A top executive of German utility Uniper played down European concerns about increasing reliance on liquefied gas (LNG), which is imported from the United States.
Eni's LNG market for 2026 is 'finely balancing' due to Asian demand and a thin supply
An Eni executive stated that the global LNG market will remain 'finely balanced' this year due to thin supply buffers and low European inventories, as well as a resurgent Asian demand.
Petronas signs a 20-year LNG Supply Deal with QatarEnergy
QatarEnergy has agreed to supply Petronas with 2 million metric tonnes of LNG per year in a deal lasting 20 years. This will help meet the country's increasing gas demand despite its dwindling gas reserves.
Sources say that the US will soon issue a general license for oil extraction in Venezuela
Three sources said that the U.S. is preparing to issue a general license allowing oil and gas companies to operate in Venezuela as soon as 'this week'. Washington aims to encourage…
Commonwealth LNG signs 20-year supply agreement with Mercuria in response to US LNG export growth
Commonwealth LNG announced on Tuesday that it had signed a sale-and-purchase agreement for 20 years to supply Mercuria 1 million metric tonnes of liquefied gas per year. The deal stipulates…
Sources say that Malaysia's Petronas is set to sign a deal for LNG supply with QatarEnergy.
Two sources familiar with the matter said that Malaysia's state-owned company Petronas was set to sign a deal with QatarEnergy for the supply of liquefied gas. The southeast Asian nation…
Knight Vinke's founder says that his fund cannot invest in the uncertain US under Trump
Eric Knight stated that his hedge fund could not invest in the United States with President Donald Trump as the risks were too high. However, profits can be made in Europe because there…
QatarEnergy signs long-term LNG supply agreement with Japan's Jera amid surge in demand
QatarEnergy signed a contract with Japan's largest power generator Jera on Tuesday to supply 3,000,000 tons of LNG per year for 27 years starting in 2028. This deal will further strengthen…
Eni, the Italian biorefinery company, has teamed up with Q8 in Sicily to build a biorefinery.
The two companies announced on Tuesday that they had agreed to "jointly" build and operate a biorefinery at Priolo in Sicily. This is a "major" step in the conversion of former chemical facilities.
Siemens Energy CEO: spin-off wind business idea is valid, but first turnaround must be achieved
Siemens Energy CEO, said on Tuesday that it is reasonable for activist investors Ananym Capital?to push?for the spin-off of a loss-making division of wind turbines?of the firm. Ananym, a U.S.
Siemens Energy CEO: spin-off wind business idea is valid, but first turnaround must be achieved
Siemens Energy CEO, said that it was reasonable for activist investor Ananym Capital to push for a spinoff of?its wind turbine division. However, the business must first be stabilized and turned around.
German wind energy supply expected to plummet Wednesday
The French baseload contract fell on Tuesday due to the anticipated return of two reactors. However, the German contract is expected to increase because there will be a decrease in wind power.
EUROPE GAS-European gas prices drop on warmer temperatures and US gas price drops
The benchmark British and Dutch wholesale gasoline prices dropped on Tuesday morning, as warmer temperatures were expected to?curb demand. This was followed by a market that had seen prices plummet in the U.S.
Libya plans to increase gas exports to Europe before 2030
Massoud Suleman, Chairman of the National Oil Corporation said that Libya will increase its natural gas production in the next five to ten years to?have a greater supply available to export to Europe before early 2030.
Libya plans to increase gas exports to Europe before 2030
Massoud Suleman, Chairman of the National Oil Corporation, said that Libya intends to?boost? its natural gas production over the next five to six years in order to increase supply to Europe before early 2030.
Norway Socialist Party Withdraws Support for LNG Electricity Project Opposition
Norway's Socialist Party has withdrawn its support for a proposal to block Equinor's Hammerfest liquefied natural gas plant from receiving a planned onshore power connection, clearing the way for the grid development to proce
QatarEnergy Secures LNG Supply Deal with Jera as Demand Surges
QatarEnergy, one of the world's biggest LNG suppliers, signed a deal on Tuesday with Japan's top power generator Jera to supply 3 million tons of LNG annually for 27 years from 2028…