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UAE energy giant ADNOC's investment platform XRG, together with Abu Dhabi investment company ADQ and investment group Carlyle, have formed a consortium in an attempt to buy  Australian oil and gas developer Santos.
Burning LNG to balance renewable energy is ‘key’ to exit coal-fired power generation in Asia, a new study by S&P Global Commodity Insights finds. The average lifecycle carbon intensity for LNG sourced from Australia, the US and Qatar and used for electricity production in the study countries was 47% lower…
Free ReadEscalating tensions between Israel and Iran have pushed up crude oil prices to nearly $75 per barrel. The geopolitical risk premium has soared to around $8 per barrel, impacting oil-indexed natural gas contracts as well as term LNG deliveries. The outlook hinges on Iran’s response. If the regime in Teheran…
Japan’s largest power generation company, JERA has signed 20 year agreements to import up to 5.5 mill tonnes of US LNG.
Egypt is believed to have reached agreements with several energy suppliers and trading houses to buy 150 - 160 LNG cargoes, as the country ramps up purchases to meet power demands, despite strained government finances, industry sources said.
Hungary and Slovakia are to oppose the European Commission’s (EC) proposed Russian gas, oil, and nuclear fuel purchases termination mandate.
India's natural gas demand is likely to rise by around 8% annually to 297 mill cu m per day by 2030 under a ‘Good-to-Go (GtG)’ scenario, and could reach 495 mill cu m per day by 2040 with CAGR of about 5% under the same scenario, according to a report…
UAE’s state owned energy giant ADNOC could be about to swoop on bp’s energy assets. According to Bloomberg, ADNOC is looking for a partner with which to bid for the assets.
UK energy giant, Shell expects to add 12 mill tonnes of LNG capacity volumes by the end of this decade from projects currently under construction.
Major LNGC owner, Capital Clean Energy Carriers (CCEC) has introduced a dividend reinvestment plan.