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Tuesday, 01 August 2023
Free ReadItalian energy giant Eni suffered a 41% drop in its second quarter Q2 2023 adjusted profit before tax to €3.7 bill. However, this represents a highly robust outcome given the 30% fall in crude oil prices and with gas price and refining margins down over 60%, the company said.  In…
India's gas importer Petronet LNG hopes to extend its long-term gas import deal with Qatar at lower prices, compared with those offered in recent deals to China and Bangladesh.
Last week, Henry Hub spot price rose 10 cents to $2.61/MMBtu, compared with the previous period. In addition, the August 2023 NYMEX contract increased 6.2 cents, from $2.603 per MMBtu to $2.665/MMBtu. 
The US Federal Energy Regulatory Commission (FERC) has issued a positive final environmental impact statement (FEIS) for gas terminal developer Venture Global's third project - CP2 LNG. 
Free ReadIn its second quarter results presentation, mixed fleet owner with major LNGC interests, Capital Product Partners (CPP), took a look at the LNG market’s future. Despite the seasonal softening of spot and term rates from the highs of the fourth quarter of 2022, demand for LNGCs remained strong, CPP said.…
European and North Asian liquefied natural gas cargo and wholesale gas futures prices declined for the winter season and were flat through September as regional gas storage hit record levels exactly a year after European Union prices soared over $62 per MMBtu when Russian pipeline gas supplies were severely disrupted.
Free ReadThe US Supreme Court has removed all obstacles to completing the long-delayed $6-billion Mountain Valley Pipeline to send natural gas from West Virginia to the state of Virginia and onwards to consumers further South and being developed by energy company Equitrans Midstream. The Court granted Mountain Valley Pipeline LLC's request…