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According to the contract concluded between Royal Dutch Shell and NextDecade for a period of 20 years, the United States will deliver liquefied natural gas with reference to the price of Brent oil for the first time. The export project “Rio Grande LNG” in the state of Texas, which is scheduled to launch in 2023, will supply two million tons of LNG to Shell each year. According to Reuters, the link to the price of Brent crude will cover three-quarters of the volume supplied. The rest of the agreed volume will be supplied by US internal gas indices, including Henry Hub. It is reported that NextDecade is awaiting in the near future the conclusion of other commercial agreements for the supply of LNG from this project.
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
On Sunday, American Airlines Group Inc. (AAL) said that it is planning to raise as much as $3.5 billion from stock and notes offerings, as the ailing U.S. carrier grapples with the financial fallout of the travel restrictions caused by the ...
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