LNG

Gunvor Group, the Swiss-based global commodities firm and trader in oil, petroleum products and liquefied natural gas with future LNG supply deals in Texas and Louisiana, posted a 47 percent drop in annual net profits as prices declined across the energy spectrum.

The US Department of Energy has just published its latest liquefied natural gas export data illustrating the development of seasonal price differentials for the various plants with Freeport LNG in Texas overtaking Sabine Pass in Louisiana on year-to-date prices, while Brazil and the UK found their way back into the top five of monthly recipients.