American liquified natural gas company
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ADNOC has bought 11 very large crude and gas carriers for $1.3 billion as the national oil company of Abu Dhabi continues to expand its fleet of supertankers to boost crude and LNG exports. ADNOC’s unit ADNOC Logistics & Services plc on Friday announced it had acquired five moder…
Vessel traffic through the Strait of Hormuz has declined this week from the prior week amid uncertainty about the U.S.-Iran talks and the potential reopening of the Middle East’s key oil and LNG chokepoint. Between Monday and Thursday, a total of 33 vessels transited the Strait o…
Europe faces spiking natural gas prices this winter amid the lowest gas storage levels in more than a decade and tightening LNG markets amid the Middle East crisis. EU storage sites were only 57% full as of August 5, data from Gas Infrastructure Europe shows. That’s the lowest le…
The Middle East war has caused what may well be an unprecedented degree of disruption in global energy flows. While crude oil gets a lot of the attention—and with good reason—the situation in liquefied gas is arguably worse and deserving of more attention. The war, some believe,…
Oil markets are awaiting a decision from Iran’s supreme leader after Iranian and Omani negotiators reportedly completed a draft agreement that could reopen the Strait of Hormuz, the main export route for Persian Gulf oil and LNG. Two regional officials briefed on the talks told t…
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