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LNG 101: How Europe’s Carbon Market Drives Demand for Natural Gas Imports European carbon prices have soared in 2021, reaching heights not seen since the continent’s emissions trading system (ETS) was established in 2005 and signaling what could be a longer-term trend across a region looking to further tighten climate regulations. Carbon prices hit a record by crossing the 50 euros per metric ton mark in early May. They have continued to trade around 50 euros since in what’s proved to be a boon for natural gas demand, along with other market fundamentals that have combined to support pr...

Higher oil price gives Santos a bounce Save Share Santos posted a 9.2 per cent rise in first-quarter revenue, helped by higher liquefied natural gas (LNG) spot prices in Asia as the global economy recovers from last year’s pandemic-induced price lows. Santos stock bounced around in morning trade but closed steady at $6.92 Increasing energy demand lifted oil prices from the lows of the pandemic-induced oil rout in 2020, which was sparked by global lockdowns. Adrian Rietschel, site supervisor, at the Santos Carbon Capture storage project in South Australia.   Kelly Barnes “Busines...

by Tyler Durden Friday, Apr 09, 2021 - 08:36 AM While Asian nations gently encourage President Biden to consider abandoning President Trump's trade war against the Chinese - a trade war he has maintained for purely political reasons (he can no longer risk being seen as 'soft' on China for obvious reasons) - his administration is doing the exact opposite: they're charging ahead. The FT reports that the US Commerce Department has placed a gaggle of state-linked Chinese firms working on supercomputing technology on the "Entity List", the trade blacklist that the Trump Adminsitration once used to...

No difference between democracies, dictators in response to COVID-19 Share Australia ranks eighth out of almost 100 countries for beating back the coronavirus, while there is next to no difference in outcomes between democratic governments and authoritarian ones in their responses to the pandemic, a Lowy Institute study shows. The foreign policy think-tank measured the performance of 98 countries using publicly available data, rating New Zealand as the most successful nation to curb the virus, while the US languishes near bottom. Police officers and workers in protective suits close off a nei...