Energy Update
MOSCOW, April 29 (Reuters) - Russia's Novatek-led
Yamal LNG project has signed loan agreements with Chinese banks
worth 9.3 billion euros ($10.6 billion) and 9.8 billion yuan
($1.5 billion), Yamal LNG said on Friday.
RIYADH, April 29 (Reuters) - Saudi Arabia's oil output will
edge up close to record highs in coming weeks to meet summer
demand for power but is unlikely to be pushed to the limit and
flood global markets, Saudi-based industry sources said.
AMSTERDAM, April 29 (Reuters) - Marine engineer Fugro
said it was stepping up cost control efforts, cutting
a further 600 jobs over coming quarters, as its oil and gas
industry clients delayed contract awards and exploration budgets
continued to shrink.
(Fri, 29 Apr 2016) U.S natural gas net imports fell to 2.6 billion cubic feet per day (Bcf/d) in 2015, continuing a decline that began in 2007, when net imports of natural gas exceeded 10 Bcf/d. While both U.S. natural gas consumption and production have increased in recent years, natural gas production has grown slightly faster, resulting in a decline in net imports. Increasing domestic production of natural gas has reduced U.S. reliance on imported natural gas and kept U.S.
MELBOURNE, April 29 (Reuters) - Origin Energy Ltd
on Friday more than doubled its outlook for earnings from
liquefied natural gas this year, saying the first unit at its
Australia Pacific LNG plant was producing at above its rated
capacity of 4.5 million tonnes a year.
LONDON, April 28 (Reuters) - Brent prices for 2017 ended
trading above $50 per barrel on Wednesday for the first time
since mid-December following the largest and most sustained
rally in prices since the oil slump started.
TOKYO/FRANKFURT, April 29 (Reuters) - Four weeks into
Japan's power market shakeup aimed at boosting choice and energy
security, the utility at the centre of the 2011 nuclear crisis
has borne the brunt of consumer defections, with nearly 470,000
users switching electricity providers.
State-owned refiner Kuwait National Petroleum (KNPC) has secured $3.98bn financing from local banks to fund the development of $16bn Clean Fuels Project.
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