The European Union is unlikely to propose phasing out Russian liquefied natural gas as part of a new package of sanctions targeting Moscow for its invasion of Ukraine, according to people familiar with the matter.
Argent LNG, which is developing a 25 million metric tonnes per annum (MTPA) LNG facility in Louisiana, has signed a non-binding agreement with the government of Bangladesh to purchase up to 5 million metric tons of liquefied natural gas (LNG) annually,
Cheniere Energy Inc (LNG) stock saw a modest uptick, ending the day at $234.29 which represents a slight increase of $0.93 or 0.40% from the prior close of $233.36. The stock opened at $235.97 and touched a low of $232.
US President Donald Trump’s plan to quickly sell more liquefied natural gas to the world could face difficulties due to limited supplies this year and reluctance in Europe to commit to long-term deals.
Venture Global expects to begin trading on Friday on the New York Stock Exchange with an initial public offering (IPO) priced at $25 per share, the US liquefied natural gas exporter said. Another 10.5 million shares will be made available to Venture Global’s underwriters.
One of the president’s executive orders offers a new path for getting a gas development across the finish line.
Venture Global is the second-largest exporter of liquefied natural gas, or LNG, in the United States, and one of Trump's first moves after his inauguration was to sign an executive order to end a moratorium on new LNG export permits, which clears an obstacle to Venture Global's expansion plan.
It appears that the biggest winners under Trump's executive orders are domestic oil and gas exploration and production companies such as Exxon Mobil Corp. ( XOM ), Chevron Corp. ( CVX) and EOG Resources Inc. ( EOG ).
Venture Global (VG) shares opened at $24.05 a share, below their $25-a-share IPO price. The stock was trading at $24.50 at last check, down 2% on the day.
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.
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