Leading commodities firms and LNG traders tell conference that record year unlikely to be repeated soon
The world’s largest energy traders and liquefied natural gas portfolio holders, Trafigura, Vitol and Gunvor said their record year for revenues and profits in 2022 was unlikely to be repeated in the near future.
Natural gas crisis in Europe to last several years after lack of investment in securing long-term supplies
The European energy crisis is expected to last for several years and in addition to limits on global liquefied natural gas supplies there has also been less than adequate investment in regasification facilities.
Global commodities firm Trafigura suggests 2022 could be another bumper year for LNG trading
Global commodities firm Trafigura said in its fiscal 2021 report that revenues, earnings and liquefied natural gas volumes increased amid rising prices, partly because of stronger LNG demand from Asia due to low hydropower reserves this year in China and also lower coal production.
US Commonwealth LNG project linked to Gunvor has permit process temporarily suspended
The Commonwealth LNG project in the US, a liquefaction and export plant proposed for the west side of the Calcasieu Ship Channel near Johnson Bayou in Louisiana, has had its revue schedule suspended by regulators to let the company catch up with the process.
Global commodities group Trafigura benefits in earnings from strategic US LNG and oil flows
Trafigura, the international commodities group, reported an almost doubling of six-month profits as its LNG, crude oil and gasoline trading desks were the stand-out contributors.
