Even so the deal solidifies Venture Global’s place in the public markets with an impressive $50 billion market cap. And it underscores a real feat of wealth creation on the part of cofounders Robert Pender and Mike Sabel, whose holdings in Venture Global now amount to $20 billion, each.
President Trump's unfreezing of the Biden administration's pause on new U.S. liquefaction permitting for exports could prompt developers to move ahead on six projects this year, creating demand for more than 120 additional liquefied natural gas carriers this decade,
New research findings will disappoint both oil-and-gas companies and environmental groups, write Ben Cahill and Arvind Ravikumar in a guest commentary.
Tor Olav Troim-controlled Golar LNG has sold off its shareholding in small-scale shipping company Avenir LNG for $40m to joint venture co-founder Stolt-Nielsen. Golar LNG said the sale is expected to be completed during the first quarter of 2025, subject to fulfilment of the conditions under the share purchase agreement.
If completed, the Argent LNG project in Port Fourchon could supply cargoes to Petrobangla, Bangladesh's state-owned company.
US President Donald Trump’s unfreezing of his predecessor Joe Biden’s pause on new liquefaction permitting for exports could prompt developers to move ahead on six new LNG projects this year, creating demand for over 120 additional LNG carriers within this decade, Clarksons LNG said.
Japan's top LNG buyer, JERA, plans to increase its purchases of liquefied natural gas from the United States to diversify its supply and meet demand growth spurred by data centres and AI, a senior executive told Reuters.
Liquefied natural gas shipping costs are plummeting as the market grapples with a glut of vessels, a development that could provide relief for gas importers and help pad profits for traders.
Venture Global is the second-largest exporter of liquefied natural gas, or LNG, in the United States, and one of Trump's first moves after his inauguration was to sign an executive order to end a moratorium on new LNG export permits, which clears an obstacle to Venture Global's expansion plan.
The Permian Basin, Guyana, Kazakhstan, and large LNG projects are driving future cash flow growth for the oil majors.
Golar LNG Limited ("Golar") has entered into a share purchase agreement for the sale of all its shares in Avenir LNG Limited ("Avenir LNG" or "Avenir") to Stolt-Nielsen Gas Ltd. for a total considerat