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Italian energy group Eni on Friday reported fourth-quarter adjusted net profit of 1.64 billion euros ($1.8 billion), beating analysts' expectations, helped in part by a positive arbitration outcome.
Uniper has to pay 550 million euros ($600 million) to Italy's Eni, three trading sources said on Monday, as a result of an arbitration court ruling over a liquefied natural gas (LNG) supply contract that expired in 2022.
Barbara Hlabangana, 60, lives for her grandchildren. All six of them, between the ages of two and 14, live with Barbara.
A final investment decision at Alexandroupolis LNG will support Greece’s objective to phase out coal, as well as its ambition to become the region’s main hub for gas supply. [Gas in Transition, Volume 2, Issue 2]
So what have we seen so far and what are the risks ahead? The LNG market has been particularly tight with La Nina bringing prolonged cold weather to Asia, whilst supply disruption has hindered Australian exports. We saw the spot Asian LNG price reach a peak of c.290p/th (3.5x higher than UK) as buyers scrambled to attract cargoes amid fears storage would run dry. As a result LNG supply has been diverted away Europe and towards Asia. The tight LNG supply market along with cold weather in Europe caused gas prices to rocket in Europe, with the UK February 2021 contract reaching over 83p/th on 12...