Ribera warns EU of increased dependence on US LNG
The European Union’s 'competition chief' warned on Wednesday that Europe was becoming more dependent on LNG imports from the United States. It should consider how to best harness its local resources. In a video message,?European Commission Vice President Teresa Ribera stated that "we are significantly increasing our dependency on liquefied gas imported from the U.S." at a "Hydrogen day" event organized by Spain's Enagas. She said that LNG imports from the U.S. will account for 58% of EU total imports by 2025. This is four times more than in 2021.
Spanish renewables company Ignis eyes IPO and Expansion reports
Newspaper Expansion reported Wednesday that?unidentified? market sources said that the Spanish renewable energy company Ignis had?hired Citigroup for the preparation of a possible initial public offering. According to the report, the process is still in its early stages. Several options are being considered, including a traditional IPO, a sale or existing shares or a combination. Ignis refused to comment on the report, and Citigroup didn't immediately respond to a request to "comment". Expansion said that a dual-track approach is also being considered.
Spanish renewables company Ignis eyes IPO and Expansion reports
The newspaper Expansion, citing anonymous market sources, reported Wednesday that the Spanish renewable energy company Ignis had hired Citigroup to help prepare for a possible initial public offering. According to the report, the process is still in its early stages. Several options are being considered, including a traditional IPO, a sale or existing shares, and a combination. Ignis and Citigroup did not immediately respond to requests for comment. Expansion said that a dual-track approach is also being considered.
Major Gulf bourses see gains as earnings season progresses
Investors focused on corporate earnings drove the early trading on Tuesday on major stock markets across the Gulf. Saudi Arabia's benchmark indices gained?0.4% led by an increase of 0.9% in Al?Rajhi bank. The bank's net profit was 24.79 billion Saudi riyals, up from 19.72 billion the year before. Al Rajhi announced a dividend of 1,75 riyals per share for the second quarter, a rise of nearly 20% compared to last year's same period. Other gainers include Saudi National?Bank, the largest lender in the country by assets.
Kazakhstan's main export pipeline returns to full capacity after mooring points repaired - CPC
The Caspian Pipeline Consortium, Kazakhstan's main oil export pipeline, returned to full capacity on Sunday at its terminalon the Russian Black Sea Coast after maintenance was completed at one mooring point and a tanker loaded with crude. Kazakhstan, the 12th largest oil producer in the world, has been facing a number of challenges in recent months. These include an attack by a Ukrainian drone on the Caspian Pipeline Consortium (CPC) in late November…
Kinder Morgan beats quarterly profit estimates on strong natgas demand
Kinder Morgan, which is a subsidiary of Kinder Morgan Inc., beat Wall Street's expectations on Wednesday for its fourth-quarter profits. This was due to higher volumes transported by its pipelines. In extended trading, shares of the pipeline operator increased 1.4% to $28.99. U.S. Midstream Companies such as Kinder Morgan benefit from the surge in oil production and natural gas demand in the Permian Basin. This is due to record exports of liquefied gas and an increase in power generation linked to artificial intelligence…
US oil lobby group supports repeal of climate rule for vehicles but not power plants
According to its president, the American Petroleum Institute supports EPA's proposal to repeal greenhouse gas regulations for vehicles. However, it does not support the proposal for power plants and stationary industrial facilities. API President Mike Sommers' told reporters that "we would not support the repeal of the endangerment findings for stationary sources". He added that the trade -group believes it has the "best standing" in terms of regulatory stance and that it is obvious the EPA can regulate?greenhouse gases emissions from these sources.
API chief: US oil industry needs to reform its Venezuela policy on security in order to enter the country.
American Petroleum Institute President Mike Sommers said that the U.S. Oil Industry must have in place a number of prerequisites in Venezuela, including a workforce security policy and contract sanctity. He made this statement during a phone conference with journalists on Monday. He said that the U.S. Oil Industry had welcomed the move to remove Nicolas Maduro earlier this month, and added that the energy assets in the country are large enough to attract significant investment.
Commonwealth LNG receives US approval to export non-FTA products for 20 years
Commonwealth LNG, a U.S. company, has been granted a 20-year export license from the Department of Energy for liquefied?gas to be exported from its proposed Louisiana plant to countries that do not have free trade agreements. The company also received approval for 25 years of exports to FTA countries. The authorizations become effective either when the facility begins exporting commercially, or after seven years from the date of the grant. Commonwealth is attempting to build the first integrated LNG facility in the country…
Wall Street's final session of the year is lower than usual, but it will end 2025 with a big annual gain
Wall Street's major indexes finished lower in the last trading session of 2025 but still racked up big gains for the year after a rollercoaster?year marked by uncertainty over President Donald Trump's trade tariffs and an euphoria surrounding AI-focused stocks. S&P 500 and Dow Jones, as well as Nasdaq, all posted double-digit increases this year. This is their third consecutive year of gains, which was last seen between 2019-2021. The Dow posted its eighth consecutive monthly gain, which is the longest streak since 2017-2018.
Russia builds its first LNG tanker of the ice class and plans to build two more by 2026
Interfax, citing the CEO of the company, reported that 'Russia's leading tanker group Sovcomflot' received its first Russian-built Ice-class tanker built for liquefied gas from Zvezda Shipyard. It plans to order two more in the next year. Due to Ukraine-related sanction, Russia has difficulty in securing gas carriers. This is especially true for vessels that can?cut through thick Arctic ice?and serve LNG projects. Zvezda is Russia's most advanced shipbuilding facility.
Orlen, Grupa WB Collaborate to Improve Maritime Infrastructure Security
State-controlled Polish refiner Orlen and private defence technology company Grupa WB have agreed to work together to improve the security of critical infrastructure, Orlen said on Tuesday.The Baltic Sea region is on high alert following power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022.Under an agreement the two companies signed, they will cooperate to ensure energy security by protecting maritime infrastructure and to counter criminal acts including terrorism, diversion, and sabotage.They said the agreement also co
Minister: Chevron will supply Hungary with 2 billion cubic meters of LNG
The state-owned MVM Group in Hungary has signed a five-year contract with the?U.S. The?Hungarian?foreign ministry announced on Tuesday that energy company Chevron will supply 2?billion cubic metres of liquefied gas. Budapest is trying to diversify supplies despite angering other European Union members and NATO members. Budapest is opposed to the 'EU's agreement to phase out Russian imports by 2027. This will end the blocs energy dependence on Moscow that has lasted for decades.
Gascade Converts Pipelines for Alternative Marine Fuels
German gas grid operator Gascade on Thursday said it has converted a 400 km (249 miles) high-pressure pipeline to transport low-carbon hydrogen southwards from the Baltic Sea as part of a European core network to ship alternatives to fossil fuel.New hydrogen pipelines, or conversions of existing ones, will serve to help meet European Union goals of net zero emissions by 2050, with the Ukraine war also sharpening the focus on energy security in the…
Sources: Russian Syzran oil refinery was halted on December 5, by a drone attack
Two industry sources reported on Tuesday that the Russian Syzran refinery, located on the Volga River, stopped?oil production on December 5, after it was?damaged by an Ukrainian drone attack. As peace talks failed to progress, Ukraine and Russia began attacking each other's nuclear energy plants. The Ukrainian military said that they had carried out long-range attacks overnight on an oil refining plant in the Russian city Syzran, and on the Temryuk Port located in the Krasnodar Region.
Kinder Morgan anticipates higher profits in 2026 due to strong natural gas demand
Kinder Morgan, a pipeline operator, said that it expected a growth in profit for '2026 compared to the 2025 forecast - due to strong natural gas demand. In after-market trading, shares of the company rose 1% to $27.57. The demand for natural gases has been boosted by the increase in LNG exports, and an increase in power consumption in data centers devoted to artificial intelligence (AI) and cryptocurrency. Kinder Morgan has signed long-term contracts to transport 8 billion cubic feet of natural gas per day to LNG facilities.
Antero will buy HG Energy’s gas assets for $2.8 billion
Antero Resources announced on Monday that it will buy assets from privately-held HG Energy for $2.8 billion as part of its expansion plans. Separately Antero Midstream will purchase HG Energy's Midstream assets, which includes gathering and water services, for $1.1 billion. Antero now has natural gas reserves in the U.S. at a time of soaring U.S. futures, boosted by heavy LNG exports, accelerating AI-driven data centres, and other power-hungry sectors. Last week, U.S. Natural Gas Futures reached their highest level in almost three years.
Data shows that Gazprom has delivered the first LNG cargo to China after sanctions from Portovaya.
LSEG data revealed on Monday that Russian energy giant Gazprom delivered a cargo of liquefied gas from the Portovaya LNG facility to China. This was the first shipment since January when the United States imposed sanctions against the project. LSEG's ship tracking data revealed that the gas carrier Valera (formerly Velikiy Novgorod) transported the cargo from the Baltic Sea plant to the Beihai terminal for LNG. Novatek, the largest LNG producer in Russia, uses the same loading port in China to load cargoes from Arctic LNG 2.
Data shows that Gazprom has delivered the first LNG cargo to China after sanctions from Portovaya.
LSEG data revealed on Monday that Russian energy giant Gazprom delivered a cargo of liquefied gas from the Portovaya LNG facility to China. This was the first shipment since January when the United States imposed sanctions against the project. LSEG's ship tracking data revealed that the gas carrier Valera (formerly Velikiy Novgorod) transported the cargo from a Baltic Sea plant to Beihai LNG Terminal. Novatek, the largest LNG producer in Russia, uses the same loading port in China to load cargoes from Arctic LNG 2.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets and individual stocks in France and Benelux. Source familiar with the issue said that German, French, and Spanish Defence Ministers will meet on December 11, to discuss FCAS. Europe's next generation fighter project is at risk due to industrial turf wars. AIRBUS/TIGERAIR : Taiwan's low-cost airline Tigerair 6757.TW announced on Wednesday that the board of directors had approved the purchase of 4 new A321neo planes from Airbus AIR.PA…