LNG
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
Workers at Grain LNG have upheld the government’s decision to ban Russian vessels from entering the UK, in their support of Ukrainian people
The European Commissioner for Energy released a statement also addressing European security of supply
If the UK continues to import Russian gas at the same pace and price it would spend an estimated £2.3 billion in a year