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...But that will not solve the energy problem in the short term. Russwurm said that in France, companies working in the same sector “pay half as much as they do in Germany for electricity”....
...They also voted in July to back credit to support commodity trader Trafigura’s purchase of US liquefied natural gas for export to Europe....
...The fund, raised by the group’s Brookfield Infrastructure Partners arm, is the largest-ever dedicated to investing in assets such as airports, toll roads, pipelines and natural gas export plants....
...The UK’s energy regulator has commissioned a probe into power company Drax’s compliance with sustainability rules, after growing external scrutiny of the wood it burns to generate electricity....
...Steve Hill, head of liquefied natural gas trading at Shell, will depart the company after eight years....
...While conventional energy companies such as Shell are focused on changing how energy is supplied, KKR could also invest in areas including vehicle electrification, hydrogen consumption and battery systems...
...“CVR Energy is a cash cow,” said Nick Moglia, a credit analyst with CreditSights....
...The North American fossil fuel sector is undergoing a wave of transactions tied to changes in the energy mix, with companies placing their bets on the relative values of oil, natural gas or clean power....
...Among private equity groups, Carlyle has been one of the most resistant to pressure to exit its investments in oil and natural gas drillers....
...Utilities are also being forced to change how they meet demand as power plants switch away from coal and nuclear fuels to natural gas and intermittent solar and wind energy....
...Detailed information about the model’s energy use has not been made available....
...Mads Holm, chief financial officer of Equinor Renewables will leave the energy company to serve as chief financial officer of ISS Group, the workplace and facility management company....
...But a deal between Exxon and Pioneer could spark a frenzy of activity as bigger companies become acquisition targets....
...boom in liquefied natural gas....
...Brookfield, Blackstone, Global Infrastructure Partners and I Squared have also invested in projects that export liquefied natural gas produced in the US, a business that has boomed as western European economies...
...But by hitching the company to Oneok, a fellow Oklahoma-based pipeline company that primarily ships natural gas and natural gas liquids, it would create a “more powerful growth engine” with more room to...
...Souki founded Cheniere Energy, the company that invented the business of shipping chilled US shale gas overseas....
...It will also give Energy Transfer a foothold in Wyoming’s Powder River Basin. The company expects to save about $40mn in annual costs from the deal....
...Berlin remains deadlocked over Habeck’s separate proposal earlier this year to subsidise 80 per cent of the electricity costs for energy-intensive companies until 2030....
...Scholz’s government responded by building new import terminals for liquefied natural gas and spending billions to secure emergency LNG supplies from the US and Middle East....
...That will turn the spotlight on the oil and gas teams at Goldman and Morgan Stanley, both of which have moved to build their energy expertise over the past decade....
...The government of Rishi Sunak in the UK this week played up hopes that North Sea oil and gas deposits could increase energy security, despite commitments on climate change....
...The fund was meant, in theory, to keep the firm close to the best companies, benefiting founders and LPs alike....
...But investors are questioning the commercial logic from Oneok in stepping out of its core natural gas transportation business to buy Magellan’s crude and refined fuels pipelines....
...Eni expects demand for natural gas, which has lower carbon emissions than oil, to continue to grow as countries use more of the fuel as part of the transition to renewable energy....
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