LNG

The Gas Exporting Countries Forum (GECF) sees global gas markets are on track to stabilize during the third quarter as the Strait of Hormuz reopens following the U.S.-Iran ceasefire. If the Strait stays open, shipping will begin to re-stabilise and rates will recede quickly, Philip Mshelbila, GEFC secretary general said at a Reuters forum.

The European Union cannot set climate rules for the rest of the world as it moves to penalise LNG imports based on methane emissions, Philip Mshelbila, secretary general of the Gas Exporting Countries Forum (GECF) said at the Reuters Global Energy Forum in New York.