The country imported 2.95 billion cubic meters, or about 2.2 million metric tonnes of LNG in July, via long-term contracts and spot purchases. July LNG imports were similar to those of the previous month, when they reached 3 […]
The big ports deal involving CK Hutchison has hit choppy waters. The Hong Kong-based conglomerate confirmed yesterday that its planned sale of 43 global ports for just shy of $23bn is unlikely to be completed […]
Ukraine’s Special Operations Forces have struck the Russian port of Olya in the Astrakhan region, destroying a vessel loaded with components for Iranian-made Shahed drones and ammunition. The attack, carried out on August 14 in […]
Under the agreement, Devon will supply 50,000 (MMBtu) per day of natural gas to Centrica’s trading arm, Centrica Energy, over a 10‑year term starting in 2028, according to a Centrica statement. The firm said this is […]
“Global LNG freight rates have remained relatively steady this week, with Spark30S (Atlantic) pricing in at $36,000 per day and Spark25S (Pacific) at $33,250 per day,” Spark’s data lead, Qasim Afghan, told LNG Prime on […]
In a surprising turn following the high-stakes Alaska summit between U.S. President Donald Trump and Russian President Vladimir Putin, Trump announced he would delay hiking tariffs on Chinese goods. This decision stems directly from China’s […]
In a significant development for the global energy sector, Russian President Vladimir Putin has signed a decree that could pave the way for Exxon Mobil to reclaim its stake in the Sakhalin-1 oil and gas […]
Venture Global recently took FID on the first phase of its CP2 LNG project. First LNG from this phase is expected in late 2027. The company also closed the $15.1 billion project financing, claiming that […]
In an era where headlines are dominated by stock market volatility, housing bubbles, and geopolitical tensions, a quieter but potentially devastating economic threat is brewing: electricity inflation. Over the past five years, electricity prices have […]
The green fairy tale now seems to be unraveling faster than a faulty wind turbine blade in a Nantucket storm. On Monday, Aug. 11, 2025, Danish offshore wind giant Ørsted dropped a bombshell, notifying the market it […]
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