Top news roundup: Santos revenues drop 42%, Germany gas woes, US LNG freeze to hit Mexico

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As results season powered on into its third week, Australian giant Santos faced a 42% drop in profit for 2023 after being hit by lower LNG prices last year. 

Venture Global's ongoing dispute with its Calcasieu Pass offtakers reached new heights as Shell expressed "deep concern" to the US regulator following a request from VG to extend its order for completion within five years. 

Meanwhile, Germany's gas shortage woes continue despite weak economic growth and new floating LNG import facilities.

Also, the country's hydrogen-ready gas power plant strategy is likely not enough to shore up sufficient investment in the country’s energy sector, an industry event found this week. 

And the US' freeze on LNG permits could have a knock-on effect on Mexico's LNG exports. 

Here’s your weekly catch up service of the top issues that made the news this week:

Rosneft sees higher 2023 earnings, gas production reaches 93 Bcm

Uniper sells CCGT plant in Hungary to comply with EU state aid obligations

CenterPoint to sell gas distribution assets in Louisiana and Mississippi for $1.2bn

Equinor to supply India’s Deepak with 0.65 mtpa of LNG for ammonia production

Israel’s Tamar field partners reach FID on output expansion to 16 Bcm/year

Germany’s hydrogen-ready gas power plant strategy remains work in progress

Mexico’s LNG exports face higher risk of delays amid US LNG permit freeze

UK public remain in the dark about the true costs of net-zero energy transition

Santos takes 2023 earnings hit on 18% drop in LNG prices

Shell expresses ‘deep concern’ as Venture Global petitions FERC over Calcasieu Pass extension

Cheniere expects LNG expansion projects to be on track despite Biden's permit pause

Germany’s concerns over gas shortages linger despite drop in demand

Santos pledges methane cuts as Moomba CCS project nears first injection

Europe’s LNG consumption to peak in 2025 after stagnating last year: IEEFA

Contact the editor:

Nicole Macedo
[email protected]

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