LNG

US Natural gas futures on the New York Mercantile Exchange hit a 14-year high of almost $9.400 per million British thermal units amid optimism on future demand for LNG exports as Venture Global took a final investment decision on its Plaquemines LNG project on the banks of Mississippi River in Louisiana.

Global banks and insurance companies formed a long line to invest in Qatar Petroleum’s US$12.5 billion bonds to finance liquefied natural gas expansion in the Arab Gulf and the multi-tranche offerings could have been subscribed more than three times.