BP 2024 Energy Outlook gives double forecasts for LNG demand and trading activities in Europe and Asia
The BP 2024 Energy Outlook said that liquefied natural gas demand would grow robustly in the near term, driven by increasing needs in emerging economies in Asia as well as in the regional economic powerhouse China.
Swiss-based commodities firm Gunvor reports 47 percent drop in net profits while building future LNG supplies
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.
TotalEnergies is new name for France’s Total to lead transition efforts with truly global LNG portfolio
TotalEnergies is the new name of French energy major Total to reflect its role in the energy transition as a truly global participant, especiallly in the liquefied natural gas sector in Europe, the US, Russia, Africa and the Asia-Pacific region.
US LNG export rise fails to ease domestic surplus concerns but price drop is offset by Europe and Asia
US LNG exports increased to 11 shipments in the past week from six in the previous week, backed by a surge in feed-gas supplies to the main liquefaction plants that reached its highest level since May 2020, though US prices plunged on concern about the high surplus in the latest storage figures.
US LNG exports increase along with feed-gas supply to plants as natural gas and LNG indictors steady
US LNG exports increased to seven shipments in the past week while feed-gas supplies to liquefaction and export plants also rose as natural gas prices and LNG indicators edged higher or were steady.
