Latest news with #energyimports
Bloomberg
5 days ago
- Business
- Bloomberg
Egypt Plans to Finalize Large LNG Purchase Deals Over Next Week
Egypt has indicated that it plans to in the coming week finalize some purchases of liquefied natural gas for delivery over the next few years, as the country deepens its dependence on imports. The government is in the final process to strike deals with as many as six companies — including Saudi Aramco, Trafigura Group and Vitol Group — to buy cargoes through June 2026, according to people with knowledge of the matter who asked not to be identified. It could buy more than 160 shipments for that period, the people said.
Wall Street Journal
06-05-2025
- Business
- Wall Street Journal
European Gas Price Rises, With Focus on Asia Competition
0954 GMT – European natural-gas prices climb back above 34 euros a megawatt hour in midday trading, with investors focused on growing competition for liquefied natural gas from Asia. 'The lower prices have induced some buyers back into the market,' ANZ Research analysts say. 'This helped push North Asia LNG prices back above $11/mmBtu [per million British thermal units], after threatening to fall below $10/mmBtu last week.' Meanwhile, the EU is expected to unveil a roadmap later on Tuesday to cut off Russian energy imports. The benchmark Dutch TTF contract currently trades 4.3% higher at 34.36 euros a megawatt hour, but is still down nearly 30% so far this year. (
