Global demand for liquefied natural gas (LNG) reached 265mn tonnes in 2016, enough to supply power to around 500mn homes a year, according to Shell’s first ‘LNG Outlook’. This included an increase in net LNG imports of 17mn tonnes.
Dana Gas restated its 2016 earnings to show a loss after the UAE-based energy producer adjusted for a reduction in unrealised interest payments it had booked in its accounts.
Al Khaliji, a new generation lender, has put in place a medium term strategy that will run until 2018 to further enhance its growth with a focus on minimising potential risks.
Saudi Arabia boosted oil exports and production last year to the highest monthly averages on record as the global crude market endured oversupply.
Abu Dhabi awards CEFC China Energy final 4% of venture; foreign partners in ADCO include BP, Total, China’s CNPC
Expectations of a share buy-back offer from a large IT firm and a strong rupee lifted the Indian equities markets yesterday, even as caution prevailed ahead of derivatives expiry and outflow of foreign funds.
Overseas acquisitions by Chinese buyers are cooling after two record years as Beijing reins in capital outflows, but deals into China are on the rise, and new rules will make it easier for foreign buyers to tap China’s giant consumer potential.