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21.04.26 - 18:31
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ROUNDUP: Klage gegen Gasbohrungen vor Borkum ohne Erfolg (DPA-AFX)
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BORKUM/LÜNEBURG (dpa-AFX) - Nach jahrelangem Streit um die Rechtmäßigkeit der Gasförderung in der Nordsee vor der Insel Borkum gibt es zumindest für die deutsche Seite vorerst Klarheit: Das Niedersächsische Oberverwaltungsgericht (OVG) in Lüneburg hat ......
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21.04.26 - 16:24
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US Natural Gas Ticks Down on Mild Weather, Growing Surplus (Bloomberg)
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US natural gas futures fell slightly as weather forecasts shifted warmer, indicating slightly lower demand for the heating and power-plant fuel. Expectations that domestic stockpiles will move higher above the five-year average may also be putting pressure on prices....
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21.04.26 - 16:03
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"We′re On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock (ZeroHedge)
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"We're On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock
Pablo Galante Escobar, the head of liquefied natural gas (LNG) at Vitol, warned the audience at the FT Commodities Summit earlier today that the "world is on borrowed time" and that the Gulf energy shock will develop into a food crisis unless LNG flows resume through the Hormuz chokepoint.
"We are on borrowed time. Every day this trade remains closed and every day production does not come back, we are building a problem for the future, and we are building a problem that, as I said, will be transferred from the energy side into many different sectors, with the food sector being a very important one," Escobar said, who works world's biggest independent energy trader.
Escobar continued, "This is not sustainable, or the energy crisis will become a food crisis. Only gas can supply the feed for fertilizers. We are building a problem for the future."
He added that even if the Hormuz c...
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