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Home2022June

Month: June 2022

LNG
Exports

Buyers Scramble To Lock In Long Term LNG Contracts In 2022

June 24, 2022 Mariel Alumit

The volume of long-term LNG contracts signed to end-user markets climbed to a 5-year high in 2021. 10-year LNG contracts are currently priced at ~75% above 2021’s rate. Bloomberg data shows that LNG demand is […]

Flex LNG
Exports

Flex LNG Adds $750M to Backlog with New Long-term LNG Carrier Charters

June 24, 2022 Mariel Alumit

Flex LNG has secured charters for for Flex Rainbow, Flex Enterprise and Flex Amber LNG carrires, adding $750 million of fixed backlog in total. Flex LNG and the charterer of Flex Enterprise and Flex Amber, an unnamed “supermajor”, […]

Copper
Finance

Copper As An Inflation Hedge For Portfolios

June 24, 2022 Mariel Alumit

Summary Historically when inflation rises, copper prices usually follow suit, and this cycle is proving to be no exception. Copper’s positive historical correlation with inflation can make it an attractive inflation hedge. Over the next […]

Windfall Tax
Finance

Sunak Stands Firm on UK Oil Windfall Tax

June 24, 2022 Mariel Alumit

UK Chancellor of the Exchequer Rishi Sunak remained committed to his windfall tax on oil and gas profits despite protests from industry executives during their first meeting since the announcement. Sunak, who said last month […]

Norway
Geopolitical

Norway to increase gas supply to EU as Russia deepens cuts

June 24, 2022 Mariel Alumit

Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict The European Union (EU) has agreed to source more gas from Norway, which will strengthen their energy cooperation as […]

Piedmont Lithium
Energy Policy

Piedmont Lithium looks abroad amid North Carolina uncertainty

June 24, 2022 Mariel Alumit

Piedmont Lithium Inc’s first steps toward securing lithium supplies will be in Quebec or Ghana, not the United States, as an intensifying North Carolina regulatory review delays the miner’s goal of anchoring America’s electric vehicle battery renaissance. […]

solar power
International News

China looks set to build space solar power station

June 24, 2022 Mariel Alumit

China has made a milestone advance in its effort to build a solar power station in space to convert the sunlight in outer space into an electrical supply to drive the satellites in orbits or […]

Pakistan’s
Finance

Energy sector largest bank defaulter

June 24, 2022 Mariel Alumit

KARACHI: Pakistan’s energy sector continued to remain the largest defaulter in the repayment of loans to banks in calendar year 2021, as banks’ non-performing loans (NPLs) increased 3.8% (or Rs31 billion) during the year. “Sector-wise […]

Aramco
International News

Aramco plans 12GW renewables investment

June 24, 2022 Mariel Alumit

Saudi Aramco’s plan to invest in 12,000MW of renewable energy by 2030 entails investing in the kingdom’s national renewable energy programme as well as through affiliate investments in renewables and purchase of renewable energy certificates. […]

Green Hydrogen
International News

Oil firms bet on green hydrogen as future of energy; plan to invest billion

June 24, 2022 Mariel Alumit

After years of dabbling, major oil companies are finally planning the kind of large-scale investments that would make green hydrogen a serious business. They’re chasing a very particular vision of a low-carbon future — multibillion-dollar developments that generate vast concentrations […]

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