Key Takeaways Chevron and Israel start building the Nitzana pipeline to send Leviathan gas supplies to Egypt.The pipeline will boost Israel's exports above 2.2 bcf per day and ease Egypt's energy crunch.Energean also plans to use Nitzana from 2027, strengthening regional energy cooperation.Per Reuters, Chevron Corporation (CVX) has partnered with Israel Natural Gas Lines to begin work on the Nitzana natural gas pipeline, a strategic project designed to carry gas from the Leviathan field to Egypt. The initia ...

(Bloomberg) -- Abu Dhabi National Oil Co. dropped its planned $19 billion takeover of Australian natural gas producer Santos Ltd., walking away from an ambitious effort to expand overseas after failing to agree on key terms. A “combination of factors” discouraged the company’s XRG unit from making a final bid, it said Wednesday. The decision was strictly commercial and reflected disagreement over issues including valuation and tax, people familiar with the matter said, asking not to be identified discussi ...

Key Takeaways Edison signed a 15-year LNG sales and purchase agreement with Shell starting in 2028.The deal secures 0.7 million tons of U.S. LNG annually for the Italian utility firm.Edison will use its own fleet for transport, boosting supply chain reliability and efficiency.Shell plc (SHEL) , a British energy giant, announced that Edison, a leading Italian utility firm, has entered into a liquefied natural gas (LNG) sales and purchase agreement with its subsidiary, Shell International Trading Middle East. ...

Edison, an Italy-based gas company, is set to enhance its flexibility in managing demand by substituting some gas volumes from pipeline contracts with liquefied natural gas (LNG), reported Reuters, citing the company’s CEO Nicola Monti. The company also entered into a 15-year deal with Shell to procure approximately 700,000 tonnes per annum (tpa) of US LNG, commencing in 2028. European operators like Edison are increasingly turning to LNG to better navigate uncertain consumption patterns in Italy and acr ...

We recently published 10 Stocks Melt Down in Hours. NextDecade Corp. (NASDAQ:NEXT) is one of the worst performers on Wednesday. NextDecade dropped its share prices by 18.62 percent on Wednesday to end at $8.09 apiece as investors appeared to have priced in developments for Train 4 of its Rio Grande liquefied natural gas project. In a statement, NextDecade Corp. (NASDAQ:NEXT) said it was able to raise $6.7 billion in fresh funds to finance the development of Train 4, alongside the continuous progress for ...

It has been about a month since the last earnings report for Venture Global (VG) . Shares have added about 9.1% in that time frame, outperforming the S&P 500.But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Venture Global due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Venture Global, Inc. before we dive into how investors and analysts ...

Key Takeaways EQT signed a 20-year deal with Commonwealth LNG for 1 mtpa of LNG supply.The agreement adds to EQT's recent 20-year LNG deal with NextDecade.The deals diversify EQT's LNG exports and support its direct-to-customer strategy.EQT Corporation (EQT) , a leading U.S.-based natural gas producer, has inked an agreement with Commonwealth LNG for the purchase of 1 million tons per annum (mtpa) of liquefied natural gas (LNG). The contract spans 20 years. Commonwealth’s LNG export facility is currently un ...

By Francesca Landini and Giancarlo Navach MILAN (Reuters) -Italian gas and electric utility Edison plans to replace some gas volumes from pipeline contracts with liquefied natural gas to gain more flexibility in managing demand, its CEO said on Wednesday. The company earlier announced a 15-year agreement with Shell to purchase around 0.7 million tonnes a year of U.S. LNG starting in 2028. European companies are stepping up LNG purchases to gain flexibility, so they can resell cargoes to other markets wh ...

Key Takeaways TotalEnergies signed a 10-year Heads of Agreement with KOGAS for 1 Mt LNG supply yearly.From 2028, TTE will deliver 3 Mt LNG annually from its U.S. and global portfolio.TTE aims to expand LNG to nearly 50% of its sales mix by 2030 while cutting emissions.TotalEnergies SE (TTE) announced the signing of a Heads of Agreement with South Korea’s national natural gas company KOGAS. The deal includes the annual delivery of 1 million tons (“Mt”) of liquefied natural gas (“LNG”) to South Korea over a 1 ...

(Reuters) - U.S. energy infrastructure company Glenfarne said on Wednesday its unit struck a 20-year deal to sell liquefied natural gas to trading firm Gunvor, moving its planned Brownsville export project in Texas closer to a final investment decision. The deal covers 0.5 million tonnes per annum of LNG on a free-on-board basis and converts a previous preliminary agreement between the two firms. Global demand for LNG has surged since Russia's invasion of Ukraine upended gas markets in 2022, driving buye ...