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...Joe Biden’s ban on new US natural gas exports has become “critical” to Pennsylvania, the state’s governor said, as he urged the president to reverse the policy or risk losing votes in a crucial 2024 swing...
...“As a consequence of that, people are just sitting on absolutely enormous piles of retained earnings and the question that people are asking themselves is what can we do with that?”...
...Privately held Vitol, which employs about 1,800 people, made a record $15.1bn in net profit in 2022 and about $13bn in 2023, making it one of the most profitable companies in the world on a per capita basis...
...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....
...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...
...Belgium-based hydrogen company Tree Energy Solutions (TES), whose investors include HSBC and UniCredit, last month launched a global coalition promoting synthetic natural gas....
...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...
...The White House’s decision to pause approvals for new liquefied natural gas projects has angered the shale gas industry, a big employer in Pennsylvania....
...The EU’s energy regulator has warned the bloc still needs to import Russian liquefied natural gas to avoid an energy shock, even as a group of member states seeks to ban purchases of the fuel from Moscow...
...There is so much natural gas in west Texas that prices in March turned negative....
Hedge fund expects Opec+’s control will allow cartel to define where prices go in the next 12 months
...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....
...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....
...Europe’s energy crisis began in 2021 as the region exited a prolonged cold winter with low natural gas storage levels....
...“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....
...The changes reflect chief executive Wael Sawan’s plans to keep oil production flat and expand sales of liquefied natural gas while being more selective about the types of low-carbon energy products it sells...
...Italy, still buying Russian pipeline gas in 2023, has declared it will finally “kick the habit” in 2024 as more Algerian piped gas and global liquefied natural gas become available....
...She added that Russia’s invasion of Ukraine, while delivering a huge boost to the liquefied natural gas market that drove record profits for the Australian company, had also stalled momentum for the development...
...US natural gas prices have plunged to a near-three-decade low as what is set to be the country’s warmest winter on record slashes demand for the heating fuel just as production surges to record levels....
...A Russian liquefied natural gas project subject to US sanctions is close to exporting its first cargo after Chinese expertise filled the technical and logistical void left by western companies....
...Gas pipeline owners hope the UK will encourage the use of hydrogen, which does not produce carbon dioxide emissions when it is burnt, as a replacement for natural gas for home heating....
...“There was a big shift against natural gas, of course, when the price was very high, and it was seen as unreliable....
...“This ridiculous take — from a party that boasted about ending Aberdeen’s status as the oil and gas capital of Europe — is an insult to people’s intelligence,” he added....
...to be honest about the company’s progress....
...Liquid natural gas prices rose 300 per cent, but they are now back down at pre-invasion levels. The S&P 500 fell 18 per cent in 2022 but recovered quickly in 2023....
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