![]() Moreover, an uptick in China's economic recovery could also boost LNG demand. ARLINGTON, Va., /PRNewswire/ - Today Venture Global LNG is announcing a final investment decision (FID) and successful closing of the 13.2 billion project financing for the initial. Additionally, as Europe rejiggers its energy supply chain away from Russia and relies more on US LNG shipments, supplies may face further tightening. Approximately half of CP2 20MTPA nameplate. Kani's prediction of severe weather could be linked to the likely return of the El Nino climate phenomenon this year, which may contribute to higher global temperatures and a subsequent rise in cooling demand, resulting in an increased need for gas. 20, 2021 /PRNewswire/ - Today, Venture Global LNG and CNOOC Gas & Power Group Co., Ltd., a wholly owned subsidiary of China National Offshore Oil. Venture Global set to become Germany's largest LNG supplier, with a combined 4.25MTPA of 20-year offtake agreements signed. On the other side of the world, US NatGas and European NatGas futures are hovering at multi-year lows. Kani's comments come as Asian spot LNG futures are down 83.5% from last September's high, touching lows not seen summer of 2021. The strategy has gotten pushback from other countries, most recently at the Group of Seven energy and environment ministers meeting. Jera is also working to support Japan's plans to use ammonia and hydrogen to decarbonize existing thermal power plants. "Those two facilities guzzle electricity, making it hard to read the demand outlook," he said. While the company expects Japanese LNG demand to decline over the next decade, it could surprise by staying flat as more data centers and semiconductor factories are built, Kani said. ![]() ![]() ![]() liquefied natural gas proposal to reach a final investment decision this year, after Venture Global LNGs. and Chubu Electric Power Co., announced on Friday that it agreed to a 20-year deal to buy LNG from Venture Global LNG Inc.'s proposed terminal in Louisiana. The planned 18.4B project is the third U.S. Jera, a venture between Tokyo Electric Power Co. ![]()
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