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Sales of American liquefied natural gas (LNG) to Europe increased fivefold, due to which the Eurozone countries became the main buyers of LNG from the United States. Europe bought more natural gas from the United States than South Korea and Mexico. LNG supply to the continent increased from 0.7 tons in 2017 to 3.23 tons in 2018. States ranked second in gas supplies to Europe. First place belongs to Qatar, the largest producer of LNG. American manufacturers changed their main market after the decline in LNG prices in Asia. James Henderson, director of the LNG research program, believes that the new supply chain is not related to politics. The United States switched to the European market because they found more profit there. The European Union, led by Jean-Claude Juncker, and the United States, headed by Trump, agreed to set up a working group. The agreement will expand the supply of LNG from the United States to the EU.
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
Berkshire Hathaway Inc.’s (BRK.A, BRK.B) Chief Executive Officer Warren Buffett announced on Monday that its energy unit agreed to purchase the natural gas transmission and storage assets of utility company Dominion Energy Inc. (D.N) ...
Russian oil and gas condensate production dropped to 9.39 barrels per day (bpd) in May, nearing its target in accordance to a deal with the Organization of the Petroleum Exporting Countries (OPEC+). The figures come from the country’s ...
U.S. Natural gas has been set as the most expensive energy commodity for the first time in more than a decade as the COVID-19 pandemic continues to disrupt demand in other regions. U.S. Gas futures gained up to 10% to $1.815 per million BTU ...
Oil prices fell on Thursday alongside major markets as U.S. President Donald Trump implemented a travel ban on Europe, after the World Health Organization declared the ICOVID-19 outbreak as a pandemic. Investor worries were doubled by an overflow ...
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