Expiring legacy contracts and uncontracted LNG could further boost market flexibility with about 180 billion cubic metres of contracts expiring between 2022 and 2025 followed by an additional 135 Bcm from 2026 to 2030 and with oil-linked pricing still dominant in existing contracts.
Switzerland's Axpo, the largest producer of renewable energy and an international leader in energy trading and marketing, has closed an additional syndicated, committed and unsecured credit facility of €2.3 billion with an international banking consortium, increasing its syndicated credit lines with banks to a total of €5.3 billion.
Intercontinental Exchange Inc., the owner of the world renowned New York Stock Exchange and platforms for trading global oil and gas futures such as the US Henry Hub, North Sea Brent crude and the Dutch Title Transfer Facility for LNG and natural gas, has signed an accord for dual listing…
Eni, the Italian energy major and significant liquefied natural gas developer and market participant, has started production from two natural gas fields within the new Berkine South contract in Algeria.
Gaztransport and Technigaz (GTT), the French LNG storage technology company for ships and onshore, has signed a technical assistance and licensing agreement for the construction of GTT membrane containment systems with Hong Kong-headquartered China Merchants Heavy Industries.
The European Union’s Commissioner for Energy Kadri Simson is in Algeria for two days of talks on strengthening the EU’s energy cooperation with the Algerians after the failure of an EU summit last week to agree a natural gas price cap that would have affected LNG trading.
Free ReadPetronas, the Malaysian state-control energy company, has finally confirmed reports of “force majeure” being declared on natural gas supply to part of its LNG onshore export plant at Bintulu in the state of Sarawak due to a pipeline leak caused by a landslide in the vicinity of the Sabah-Sarawak Gas…
Tokyo Gas, the second-largest Japanese LNG importer, has agreed to sell stakes held in four out of five LNG export projects in Australia, to the US-based private equity firm EIG Global Energy Partners.
European natural gas market prices remained at a substantial premium to North Asia spot LNG values, which were now even lower than the UK National Balancing Point price for November as LNG demand was very high in Europe for early winter, while Asian countries appeared comfortable with their current flows…
EnBW, the German utility headquartered in Stuttgart in the southwest German industrial state of Baden-Württemberg, has expanded its agreement to purchase LNG cargoes from US Gulf Coast producer Venture Global.