LNG

South African President Cyril Ramaphosa has declared a national “state of disaster” over his country's power shortages and said the lack of energy security posed an existential threat to the economy and the social fabric of the country.

Glencore Plc, the London-listed company whose marketing business includes Australian coal and from next year US LNG from Cheniere Energy in Houston, said it expected the marketing division to make at least $3.2 billion in the first half of 2022 after the volatility that followed Russia’s invasion of Ukraine.