Gulf insecurity fuels US energy dominance
- US President Donald Trump celebrated on Truth Social what he called the “biggest oil deal in history” – a 100-year concession on 17 oil fields in Venezuela that would secure 65 billion barrels of oil.
- Around the same time, QatarEnergy informed Edison, one of its biggest European customers, that force majeure on its liquefied natural gas (LNG) deliveries would continue until early November.
- Five more cargoes were cancelled, taking the total to 29, or about 3.8 billion cubic metres of gas.
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- US President Donald Trump celebrated on Truth Social what he called the “biggest oil deal in history” – a 100-year concession on 17 oil fields in Venezuela that would secure 65 billion barrels of oil.
- Around the same time, QatarEnergy informed Edison, one of its biggest European customers, that force majeure on its liquefied natural gas (LNG) deliveries would continue until early November.
- Five more cargoes were cancelled, taking the total to 29, or about 3.8 billion cubic metres of gas.
Sources: Al Jazeera