LNG

AGL Energy, the Australian power company whose plans for an LNG import terminal in the state of Victoria were thwarted by regulators and which fought off takeover interest from various quarters before having an environmental extremist take a big stake in the company, swung to a fiscal first-half net profit from a previous loss.

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.