US ratings agency Moody’s forecasts rise in Chinese LNG imports and European gas markets to remain volatile
Moody’s Investors Service, the US ratings agency, said in a report into liquefied natural gas that Chinese demand in 2024 will be similar to last year and while European gas markets remained resilient the region’s reliance on LNG could increase price volatility.
US rating agency Moody’s says record storage helped by LNG imports positions EU well for this winter and next
Moody’s Investors Service, the US credit rating agency, said that record high natural gas storage of almost 98 percent as of end November helped by LNG deliveries positions the European Union well to meet the needs of this winter season with very limited risks of energy shortages.
Australian LNG operator Santos assigned investment-grade rating by Moody’s after Oil Search merger
Australian LNG operator Santos was assigned and investment-grade credit rating from US agency Moody’s Investors Service after the final shareholder and court approvals for the US$6.25 billion merger of Papua New Guinea-based energy company Oil Search and Adelaide-based Santos to create a major Asia-Pacific energy player.
Latest US credit rating for Qatar Petroleum forecasts on-time completion of LNG expansion
US credit ratings agency Moody’s Investors Service has affirmed the high credit rating of Qatar Petroleum as it embarks on liquefied natural gas expansions and the projects are expected to be completed on time.
Mexican LNG developer and pipeline owner IEnova raises $800M in notes to be listed in Singapore
Infraestructura Energética Nova (IEnova), the Sempra Energy subsidiary in Mexico with plans for LNG production and whose assets include stakes in four major Mexican natural gas pipelines, has successfully completed an international offering to raise US$800 million, underpinning confidence in the North American gas sector.
GAIL has rating cut
June 9 (LNGJ) - The Indian LNG importer, Gas Authority of India, has had its credit rating cut by US agency Moody’s Investors Service by one notch from “Baa2” to “Baa3”. Indian pipeline network operator GAIL is also tolling contract holder at the Cove Point LNG export plant in the US state of Maryland.
“The revision in the credit rating was done as Moody’s has revised the rating of various Government-related issuers, including that of GAIL (India) Limited in line with the revision of India’s sovereign rating from ‘Baa2’ to ‘Baa3’ by Moody’s,” said GAIL in a statement.
