Daily News
Daily News (16516)
Children categories
Thursday, 23 January 2025
Free ReadPortugal plans to increase LNG purchases from the US and Nigeria, as it aims to end already dwindling supplies from Russia, the country’s Environment Minister, Maria da Graca Carvalho, said on Tuesday. Portugal imported 49,141 GWh of natural gas in 2024, of which around 96% was LNG, data from electricity…
Published in
Latest News
Wednesday, 22 January 2025
While the halting of Russian piped gas transits via Ukraine does not pose an imminent supply risk for the European Union, it could add to near-term LNG market pressure, according to Paris - based International Energy Agency’s (IEA) latest quarterly gas market report.
Published in
Latest News
Wednesday, 22 January 2025
Argentine energy company YPF has signed a Memorandum of Understanding (MoU) with India’s Oil and Natural Gas Corp (OIL), Gas Authority of India (GAIL), and Oil and Natural Gas Corp Videsh (OVL). The agreement aims to supply LNG with a target of up to 10 million tonnes per year. Additionally,…
Published in
Latest News
Wednesday, 22 January 2025
Canadian-based LNG Energy Group Corp has announced an update to its financial review. The Group’s Board had originally initiated, with the assistance of financial advisors, a strategic review process to explore and evaluate a broad range of potential options for the company to enhance shareholder value.
Published in
Latest News
Tuesday, 21 January 2025
As predicted, on day one of his presidency, Donald Trump issued an order yesterday to allow the US to resume processing export permit applications for new LNG projects. This was seen as part of an initiative to raise US energy output and dismantle former President, Joe Biden's climate policies.
Published in
Latest News
Tuesday, 21 January 2025
Last year’s Australian LNG shipments set a new record of 82 mill tonnes per annum, compared to 81.1 mill tonnes in 2023, and the previous record of 81.3 mill tonnes shipped during 2022, according to figures produced by EnergyQuest. However, the 2024 revenue of $67.7 bill was less than the…
Published in
Latest News
Tuesday, 21 January 2025
Last month, the EU recorded its fourth consecutive year-on-year increase in gas consumption, rising by 9% to 40 bill cu m. This came after seven months of continuous decline, reported UAE-based Gas Exporting Countries’ Forum (GECF). The rise was mainly driven by the residential and electricity sectors, influenced by a…
Published in
Latest News
Tuesday, 21 January 2025
Though the Department of Energy (DOE) reckons the Philippines two new LNG terminals will have “no problem in securing supply” once opened in March and April, analysts revised down the country’s LNG imports. High global gas prices are pressuring utilities to use less LNG for power generation, as higher renewables…
Published in
Daily News
Monday, 20 January 2025
Free ReadThe average LNG price for March delivery into northeast Asia slipped to $13.90 per MMBtu from $14 per MMBtu last week, industry sources estimated, ahead of today’s US Presidential inauguration. “The slight decrease was attributed to weak demand in Asia, as buying interest remained muted despite colder weather, owing to…
Published in
Latest News
Monday, 20 January 2025
Free ReadItaly's natural gas consumption fell to its lowest level in more than 15 years to 61.7 bill cu m in 2024, the country's power market manager, GME said on Friday. An overall 2.5% annual drop was mainly due to a decrease in the use of gas in power generation, while…
Published in
Latest News
