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Daily (16.06.2020): NBP spot jumped by 6% on Monday amid weaker LNG supply and wind power generation

Crude oil futures turned bullish on Monday as signs of improving demand due to OPEC+ production cut agreement offset concerns that a resurgence of the virus could weigh on the global economy. Hence, Brent crude for August delivery soared by 99 cents, or 2.6%, to settle at $39.72 a barrel. At the same time, U.S. WTI crude for July delivery rose by 86 cents, or 2.4%, to end at $37.12 a barrel.

read more... 16/06/2020

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Siemens, Total to work on “green” LNG production

A unit of German engineering giant Siemens has entered into a deal with French energy group Total to advance new concepts for “green” liquefied natural gas production.

read more... 12/06/2020

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Nord Stream, TurkStream emissions more than thrice lower than from US LNG — Gazprom

Gazprom has become the first Russian company that computed the volume of emissions with the use of the global temperature change potential for the 100-year period

read more... 11/06/2020

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Poland’s PGNiG inks domestic LNG deal

Poland’s dominant gas firm and LNG importer PGNiG has signed a deal with South Korean company LG Chem to deliver chilled fuel and build a small regasification station.

read more... 09/06/2020

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Total’s LNG project in Mozambique to secure $15bn

Total's planned LNG export facility in Mozambique is to receive $15 billion (267bn rand) of financing commitments from a banking consortium at a signing scheduled for June, according to South Africa's Rand Merchant Bank (RMB), one of the project's backers.

read more... 04/06/2020

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