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Low U.S. natural gas prices will hurt Tellurian Inc's ability to sell Louisiana gas producing properties in order to pay off enough debt to salvage its liquefied natural gas export (LNG) project, analysts said. Tellurian has spent nearly seven years advancing its still incomplete Driftwood LNG export plant. Low natural gas prices drove the unit to a $55.5 million operating loss last year from a $130.6 million operating profit in 2022, results released last week showed. ....
The latest twist in ocean shipping’s COVID saga: The new global threat from the omicron variant is being layered on top of existing fallout from delta-variant outbreaks in Europe and Asia. Assuming omicron is not a false alarm, it’s more bad news for crude and product tanker rates, another positive for container shipping rates (with . ....