Consumption across Europe soared by 5%, according to a new report

Petrol prices may come down in the short-term however, a new study suggests

The nation will now rely on its own LNG production, calling on the rest of Europe to do the same

The agreement covers Asian and South American markets

The European Commission has outlined options to mitigate high energy prices with common gas purchases and minimum gas storage obligations

It will initially be used to import ammonia, which is used for chemicals and fertilisers, with around 300,000 tonnes per year expected to arrive via the terminal

It is looking to cut its use of Russian gas by two-thirds this year

The French energy giant has responded to “serious” and “unfounded” accusations of “complicity in war crimes”

The 20-year agreement includes the supply of two million tonnes per annum of LNG from the Plaquemines LNG plant, which will have an export capacity of up to 20m metric tonnes per year

The group’s adjusted EBITDA rose to about €7.9 billion in 2021