Venture Global LNG raises $1.75 billion
President Donald Trump said on Thursday the United States would guarantee supplies of liquefied natural gas to Europe, even amid worries that the booming export industry could boost prices of gas for U.
One of the president’s executive orders offers a new path for getting a gas development across the finish line.
Liquefied natural gas shipping costs are plummeting as the market grapples with a glut of vessels, a development that could provide relief for gas importers and help pad profits for traders.
Brokers are quoting levels for 174,000-cbm vessels lifting cargoes out of the US to Europe at $9,000 per day on a round trip voyage basis — a record low for modern vessels of this type. This is down from an already weak $22,000 per day seen at the start of this year. A Vitol relet is being reported as fixed to Petronas UK at around $9,000 per day.
In 2024, dual-fuel LNG newbuilds made up 70% of the alternative fuelled vessel orderbook. It expects more than 1,200 dual-fuel LNG vessels to be operational by 2028. Currently, LNG is available for bunkering in approximately 198 ports globally, with plans to expand to an additional 78 ports.
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Liquefied natural gas exporter Venture Global said on Thursday it had raised $1.75 billion, marking the first big initial public offering of President Donald Trump's second term as investors bet on his plan to boost U.
Venture Global LNG has raised $1.75 billion after pricing its U.S. initial public offering within range, the second-largest exporter of liquefied natural gas in the United States said on Thursday. The company priced its offering of 70 million shares at $25 each,
Dallas, and U.S. Rep. Glenn “GT” Thompson, R-Howard: The Biden administration’s hostility to conventional domestic energy contributed to the rising cost of living that proved too burdensome to Pennsylvania families and voters.
TotalEnergies has been dealing with ongoing delays and insurgencies regarding its Mozambique LNG project for several years now. The project is expected to start production in 2029. View on euronews
The Sindh government has requested the federal government to extend support to Pakistan Gas Solutions Limited (PGSL) for obtaining the necessary