Red Sea tensions’ impact on the oil and shipping market in the West
Companies have rerouted and suspended shipments due to tensions in the Red Sea sparked by Yemen’s Houthis and retaliation by the US and UK, causing trade disruptions.
01 March 2024
01 March 2024
Companies have rerouted and suspended shipments due to tensions in the Red Sea sparked by Yemen’s Houthis and retaliation by the US and UK, causing trade disruptions.
For the third consecutive year, the US remains Europe’s largest supplier of liquified natural gas (LNG), providing 7.1 billion cubic feet per day (bcfd) in 2023.
Of the bids, 15 billion cubic metres are for liquefied natural gas (LNG), while another 18.3 billion cubic metres are set for delivery via pipeline.
Concurrently, Energean Israel signed a new gas sale and purchase agreement (GSPA), valued at $2bn, with Eshkol Energies Generation.
Licence P.2593 encompasses the Tuck discovery, a Cretaceous gas-bearing reservoir located on the north-west flank of the Rona Ridge.
Situated at the mouth of the Amazon River, the Barcarena terminal includes an offshore terminal and the Energos Celsius floating storage regasification unit.
The appraisal well encountered high-quality reservoirs in the primary target within the Cretaceous Lysing Formation.
The Eldfisk nord project is estimated to contain resources of 50–90 million barrels of oil.
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