LNG

The world’s largest sovereign wealth fund belonging to Norway, the main pipeline natural gas supplier to the European Union and an LNG producer, reported a loss of almost $34 billion in the third quarter as all asset classes fell in value.

Two of the UK’s leading shale-gas companies, IGas Energy and Cuadrilla Resources, have welcomed the Government’s commitment to domestic gas production and repeated their pledge to give a share of revenues to local people near the existing likely shale-gas production sites in the North of England.