Even so the deal solidifies Venture Global’s place in the public markets with an impressive $50 billion market cap. And it underscores a real feat of wealth creation on the part of cofounders Robert Pender and Mike Sabel, whose holdings in Venture Global now amount to $20 billion, each.
Energy ministers from Belgium, France and Spain, whose ports receive shipments from Russian LNG tankers, have insisted that very little of the gas arriving is used domestically and that most is piped on to other EU countries. In November, Germany ordered its state-operated import terminals to reject any Russian LNG cargoes.
An increase in LNG production in the United States after President Donald Trump ended a moratorium on new export permits should benefit consuming nations like India, the chief executive of the country's top gas importer said on Monday.
New research findings will disappoint both oil-and-gas companies and environmental groups, write Ben Cahill and Arvind Ravikumar in a guest commentary.
If completed, the Argent LNG project in Port Fourchon could supply cargoes to Petrobangla, Bangladesh's state-owned company.
Tor Olav Troim-controlled Golar LNG has sold off its shareholding in small-scale shipping company Avenir LNG for $40m to joint venture co-founder Stolt-Nielsen. Golar LNG said the sale is expected to be completed during the first quarter of 2025, subject to fulfilment of the conditions under the share purchase agreement.
President Donald Trump’s unfreezing of predecessor Joe Biden’s pause on new US liquefaction permitting for exports could prompt developers to move ahead on six projects this year, creating demand for more than 120 additional LNG carriers this decade, Clarksons LNG says.
Japan's top LNG buyer, JERA, plans to increase its purchases of liquefied natural gas from the United States to diversify its supply and meet demand growth spurred by data centres and AI, a senior executive told Reuters.
Liquefied natural gas shipping costs are plummeting as the market grapples with a glut of vessels, a development that could provide relief for gas importers and help pad profits for traders.
ADNOC Gas (UAE) has signed a liquefied natural gas (LNG) supply agreement with Japan's JERA Global Markets. The cost of the three-year contract is $450 million, Azernews reports.
The Permian Basin, Guyana, Kazakhstan, and large LNG projects are driving future cash flow growth for the oil majors.