By Sabina Zawadzki LONDON (Reuters) – Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied natural gas (LNG) imports, testing levels at which companies that committed to buy U.S. LNG will start making serious losses. Prices for month-ahead Dutch gas have dropped by two-thirds since their peak last September of just under 30 euros per megawatt hour (MWh). On Friday, Dutch gas for July delivery <TRNLTTFMc1> slumped to 8.95 euros per MWh, the lowest since August 2009. The price falls are in part thanks to an influx of U.S. LNG supplies. But customers of Cheniere Energy <LNG.A>, which dominates U.S. production, have been feeling the pain from their long-term commitments for months due to a fixed pricing formula. Cheniere sells its LNG at 115% of U.S. gas futures <NGc1> plus a liquefaction fee of between $3.00 and $3.50 per million British thermal units (mmBtu), with a few buyers paying less. At today’s … [Read more...] about How U.S. LNG plays havoc with Dutch gas and Asian shipping
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Sections SEARCH Skip to content Skip to site index Middle East Subscribe Log In Log In Today’s Paper Middle East | U.S. Risks Roiling Oil Markets in Trying to Tighten Sanctions Advertisement Supported by ByEdward Wong and Clifford Krauss April 15, 2019 WASHINGTON — The Trump administration has reached a critical juncture in its efforts to tighten United States oil sanctions against Iran and Venezuela. By pressuring China and India to end or sharply reduce oil purchases from Iran and Venezuela, American officials are seeking to cut off a key economic lifeline for what the administration considers to be two rogue nations that threaten the stability of the Middle East and Latin America. But they must do that without roiling global markets, further straining relations with China and India or raising gasoline prices in the United States. The dilemma has led to a fierce debate within the Trump … [Read more...] about U.S. Risks Roiling Oil Markets in Trying to Tighten Sanctions
By Swati Bhat MUMBAI (Reuters) - India's cash-starved residential real estate market is set to get a boost from foreign and domestic private equity firms, which are lining up big bets worth hundreds of millions of dollars for the sector. The domestic residential real estate space has been in a rut for years with failed and delayed projects putting buyers off. Developers more recently have been hit by a credit squeeze as banks struggle with bad debts and a crunch in the shadow banking sector. Private equity firms are now swooping in to buy assets at attractive valuations, say industry insiders, as regulatory changes and a more dovish monetary policy outlook bode well for the sector. "With major impetus being given to affordable housing ... PE investors are sensing a big opportunity in this segment," said Anuj Puri, chairman at Anarock, a real estate consultancy firm. "The expected 8-10 percent annual return in the affordable segment of residential real estate is attracting not just … [Read more...] about Private equity firms eye bonanza in India’s residential real estate space
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Log In Today’s Paper Politics | Iraq Rebuffs U.S. Demands to Stop Buying Energy From Iran Supported by ByEdward Wong Feb. 11, 2019 WASHINGTON — The Trump administration is pressuring Iraq to stop buying energy from its neighbor and sole foreign supplier, Iran, in what has become a major point of conflict between Washington and Baghdad. Iraqi leaders, fearing that a further shortfall in power would lead to mass protests and political instability in their electricity-starved country, are pushing back on the demand, which is rooted in President Trump’s sanctions against Iran. The dispute has frayed American diplomacy with Baghdad as Iraq tries to steady itself after the United States military withdrawal in 2011 and the campaign against the Islamic State. Iraq’s defiance further jeopardizes Mr. Trump’s goal of … [Read more...] about Iraq Rebuffs U.S. Demands to Stop Buying Energy From Iran
Sections SEARCH Skip to content Skip to site index New York Subscribe Log In Log In Today’s Paper New York | Among the Last in the U.S. in Economic Growth. Can Silicon Valley Connections Help? Supported by ByDebra West Jan. 7, 2019 GREENWICH, Conn. — When he was campaigning for governor of Connecticut, Ned Lamont talked frequently about creating a tech-friendly business culture. What he did not mention as often was that he had a secret weapon — his wife, Annie Huntress Lamont, a leading venture capitalist whose deep Silicon Valley connections could help the financially struggling state become a bigger high-tech player. Ms. Lamont, a founder and managing partner of a firm that has raised billions of dollars in venture funds for health care and financial technology start-ups, has sat on dozens of boards and been involved in the sale of 75 companies. It is a business that thrives on relationships, … [Read more...] about Among the Last in the U.S. in Economic Growth. Can Silicon Valley Connections Help?