News

Our Latest Blog Posts
Reduced demand for US
02
Oct

Reduced demand for US LNG likely to continue

Global economic slowdown has led to reduced demand for LNG produced in the US. As a result, LNG exports from the country are likely to remain low in the near future, says GlobalData, a leading data and analytics company. Haseeb Ahmed, Oil and Gas Analyst at GlobalData, comments: “Significantly low prices of gas along with an LNG supply glut has pushed companies to revisit their CAPEX spends on upcoming multi-billion-dollar…

Read more →
Natural Gas
06
Aug

Global Natural Gas Demand Set For Long-Term Growth After COVID

The world’s consumption of natural gas is set to decline by 4 percent this year, but global demand will return to growth after the pandemic, thanks to low natural gas prices and stricter environmental policies, a new report showed on Thursday. The Global Gas Report 2020 – published by the International Gas Union (IGU), research company BloombergNEF (BNEF), and Italian gas infrastructure firm Snam – says that the trend of increased natural…

Read more →
gas
06
Jul

Buffett’s Berkshire Buys Dominion Natural Gas Assets For $10 Billion

Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) has announced an agreement to purchase the natural gas transmission and storage assets of utility company Dominion Energy Inc. (D) in a deal currently valued at $9.7 billion in total, including a cash payment of $4 billion and the assumption of $5.7 billion of debt incurred by the Gas Transmission & Storage segment of Dominion. Subject to regulatory approvals, the deal is expected…

Read more →