LNG

US Secretary of Energy, Chris Wright joined officials and American companies at the Three Seas Initiative (3SI) Summit to announce billions of dollars of private capital investment in the Central and Eastern European region.

AKTOR LNG USA, a subsidiary of Greek energy company, AKTOR has signed a long-term sales and purchase agreement (SPA) with ALBGAZ, Albania’s state-owned natural gas company, to import US LNG for 20 years.  

Chinese LNG imports in April are expected to be the lowest since 2018, based on data from Kpler, Bloomberg reported, citing soaring prices.

European Commission (EC) President, Ursula von der Leyen has warned of rising energy costs for European Union member countries caused by the conflict in the Middle East.