Natural Gas news and market movers: Headlines tell a whole other story
- Supply issues in Australia persist, with the Wheatstone offshore plant from Chevron still fully shut down. Repairs will take longer than expected, Reuters reports.
- A court ruling rewarded German company Uniper SE more than $14.1 billion in damages for undelivered Gas from Russia. This court ruling could result in a cut in supply for other European countries that are still very much dependent on Russian Gas flows, Bloomberg reports.
- US Venture Global LNG Inc. has signed a non-binding deal with a Ukrainian energy trading company to supply US Liquified Natural Gas (LNG) to the Ukrainian storages.
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