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Freezing temperatures push Asian gas prices to record highs - The Hindu BusinessLine


Freezing temperatures push Asian gas prices to record highs
Reuters
Singapore |
Updated on
Spot LNG prices in Asia rise to $28/mmBtu; temperatures expected to become milder soon
Freezing temperatures across Asia and Europe are driving liquefied natural gas (LNG) prices to record highs and pushing up the cost of shipping the fuel globally as buyers grapple with tight inventories and a shortage of tankers.
Demand for super-cooled natural gas has surged in recent years as buyers, particularly China and India, move away from dirtier coal-polluting power plants. Prices had remained relatively low until late 2019, when unexpected cold weather and bottlenecked shipments caused prices to surge. ....

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EU clears LSE acquisition of Refinitiv, subject to conditions


By Reuters Staff
2 Min Read
FILE PHOTO: The Refinitiv logo is seen on a screen in offices in Canary Wharf in London, Britain August 1, 2019. REUTERS/Toby Melville
BRUSSELS (Reuters) - EU antitrust regulators have cleared the London Stock Exchange’s $27 billion acquisition of data company Refinitiv, subject to a number of conditions including the sale of its Borsa Italiana operations.
The European Commission, which oversees competition policy in the 27-nation European Union, said on Wednesday that the purchase had been approved after its investigation found a number of concerns.
To address them, the LSE Group (LSEG) has agreed to divest its 99.9% stake in the Borsa Italiana group and to continue offering its global over-the-counter interest rate derivative (OTC IRD) clearing services performed by LCH Swapclear on an open access basis. ....

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