Add Newsbeast to your proposed Google sources The Straits of Hormuz are one of the most crucial points of the global energy chain: from there it passes about 20% of the daily global supply of crude oil and liquefied natural gas. Since the end of February, when the US – Iran war began, the region has not [...]
By Harry Floodopoulos The highest price among the Member States of the European Union for imports of American liquefied natural gas (LNG) is paid by Greece, according to the European LNG Tracker of the think tank IEEFA, confirming that the shift towards U.S. liquefied natural gas is accompanied by increased costs for the Greek market. According to the report, [...]
Egypt agreed to buy all natural gas production from the Cypriot deposit «Venus», which is expected to enter into operation in 2031. Egyptian Natural Gas Holding Co. signed a preliminary agreement with project partners – NewMed Energy LP (30%), Chevron (35%) and Shell (35%). The sides will recommend Aphrodite Midstream Co. to implement a transmission system off the Egyptian coast. The agreement aims to ensure the long-term supply of Egypt, which has become a net importer due to increased demand and reduced domestic production.
