Free ReadOsaka Gas, a leading Japanese LNG importer, reported a 43 percent increase in consolidated net sales for the fiscal year to the end of March 2023, mainly due to higher prices for city-gas in Japan, though profits fell year-on-year because of the shut-down of Freeport LNG in Texas for most…
The European Commission’s launch last month of a process for European companies to register their gas purchase needs via the AggregateEU mechanism is making progress as part of plans for EU joint purchases of pipeline natural gas and LNG cargoes.
Warren Buffett, the Chief Executive and Chairman of Berkshire Hathaway and America’s best-known investor, said his group did not intend to acquire more shares in Occidental Petroleum nor try and take it over while it also sold billions-worth of shares in LNG operator Chevron Corp. and dumped more US bank…
The Australian Labor-led government plans to change the petroleum resource taxes regime to increase the tax paid by the liquefied natural gas industry over the next four fiscal years.
SNAM Chief Executive Stefano Venier said the natural gas grid and terminals owner would begin commercial operations by the end of May at Italy’s newest and fourth LNG import terminal at the Port of Piombino in Tuscany.
European Union liquefied natural gas prices dropped again as EU storage builds hit their highest level of the season so far as milder weather swept across the continent and gas demand declined along with pipeline gas flows from Norway, while LNG cargo deliveries toNorth Asia were steady.
Free ReadNew Fortress Energy, the US developer of floating LNG production and import terminal and power projects, reported higher first-quarter revenues as “Fast LNG” projects advance along with regasification and power ventures in Brazil and Ireland. The New York-based firm’s revenues jumped to $579.1M from $505.1M in the same three months…
Sempra, the US utility whose LNG unit Sempra Infrastructure owns Cameron LNG in Louisiana and other projects in Texas and Mexico, has reported higher earnings in the first quarter as it proposed a five-year capital expenditure plan amounting to $40 billion.
UK major Shell plc reported an increase in net profits for the first three months of the year as liquefied natural gas sales volumes rose by 6 percent on the previous quarter, though were slightly less than the same quarter of 2022.
Williams, the US pipelines company and growing LNG sector participant, reported a surge in first-quarter net profits and cash flow from record natural gas-gathering volumes and contracted capacity.