LNG

UK major BP more than doubled annual profits, though was hit by slowing natural gas prices during the fourth quarter and expected a flat 2023 with among the main highlights being the start-up of two LNG projects in West Africa and Indonesia.

Italian energy company Eni said the final agreement has been finalized that settled the dispute over operations at the Egyptian Damietta LNG export plant near Alexandria and the facility has been ramped up and cargoes are flowing.