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...because of “the profound changes in both the US and global natural gas markets”....
...BP is alone among its peers in committing to cut oil and gas production, setting a target in 2023 of producing 2mn barrels of oil equivalent by the end of the decade, a 25 per cent reduction from 2019 levels...
...He also has the formal title of BP professor, a position endowed by the oil and gas company. These affiliations were not included in the reference in the document....
...About 30 per cent of Turkish natural gas imports last year were LNG from 15 per cent in 2014....
...But those efforts have left the continent more reliant on the often volatile global market for liquefied natural gas....
...“Voters know that when you pause LNG, you pause natural gas development and you pause our ability to keep natural gas prices affordable for Americans.”...
...The company aims to increase European natural gas stored in Ukraine from 2.5bn cubic metres last year to 4bn this winter....
...Proponents say SNG could be a drop-in replacement for fossil natural gas....
...Rising shale supplies also helped keep the lights on in Europe following Moscow’s full-scale invasion of Ukraine in 2022, with shipments of US liquefied natural gas — previously labelled “molecules of US...
...But sharp falls in natural gas prices and reduced oil refinery margins dented their earnings in the first three months of the year, causing both companies’ shares to dip in early trading....
...The price of liquefied natural gas delivered to north-east Asia, assessed by price reporting agency Argus, has dropped 23 per cent this year, and is trading at levels last seen in 2021....
..., the largest natural gas producer in the US....
...A surge in demand for electricity to feed data centres and to power an artificial intelligence revolution will usher in a golden era for natural gas, producers say....
...Oil and gas industry players have no interest in thanking the president. Instead, they’re warning about the potential long-term damage Biden could do to the sector through regulatory clampdowns....
...The writer is professor of political economy at the University of Cambridge and author of ‘Disorder: Hard Times in the 21st Century’ The assumption that Europe could not forsake Russian natural gas did...
...Natural gas producer EQT has announced that it plans to acquire its former unit Equitrans Midstream, in a deal that would give the combined company an enterprise value of more than $35bn....
...There is so much natural gas in west Texas that prices in March turned negative....
...Europe’s energy crisis began in 2021 as the region exited a prolonged cold winter with low natural gas storage levels....
...Charif Souki, a pioneer of the US liquefied natural gas industry, has been ordered to repay $100mn to his lenders months after he was ousted from his latest venture....
...In Perth, Woodside Energy — which is in oil and gas — suffered a bloody nose at its 70th annual shareholder meeting....
...In 2021, it made up only around 20 per cent of the EU’s overall imports of natural gas. In 2023, it accounted for 42 per cent....
...“As we enter the global era of natural gas, it is imperative for US natural gas companies to evolve their business models to compete on the global stage,” Rice said....
...“We’re coming out of a period of a substantially tighter market, which we haven’t seen previously at any point in global gas,” said Samuel Good, head of energy pricing at Argus Media....
...The company faced a large protest vote against its previous climate plan in 2022 and opposition to the re-election of senior directors at last year’s annual meeting in Perth....
...“It’s clear that in the energy and the oil and gas field, US shareholders are buying the shares and European shareholders are not buying in the same way,” Pouyanné said....
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