Friday

29th Mar 2024

Ticker

Orders for liquefied natural gas sees scramble for ships

Gas traders are scrambling to secure liquefied natural gas tankers much earlier than usual to prepare for winter, after the EU vowed to reduce its dependence on Russian gas by two-thirds by the end of the year, and import an extra 50bn cubic meters of overseas LNG from Shell, TotalEnergies and Unipec. "It's very hard to find any ships," Oystein Kalleklev, head of Flex LNG told the Financial Times.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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