Bloomberg Germany signed contracts to charter four floating terminals to import liquefied natural gas in partnership with utilities RWE and Uniper as it races to reduce its energy dependence on Russia. Shipping companies Hoegh LNG and Dynagas will each provide two of the LNG terminals — which together have the capacity to convert at least 20 billion cubic meters ...

  Bloomberg The UK Treasury will get a boost from Big Oil’s tax payments for the first time in years as high energy prices send companies’ profits surging. The payments will come at a time when energy firms are under fire in Britain as their record earnings sit uncomfortably next to soaring cost of living for households. Activists and politicians ...

Bloomberg Russia’s second-biggest oil producer is looking to identify its creditors, as the firm attempts to pick its way through the complex web of new rules governing its interactions with foreign bondholders following the departure of its sanctioned co-founder. Lukoil PJSC is asking investors of its foreign-denominated bonds to disclose their identity and how much they hold, according to people ...

  Bloomberg Chemicals giant Ineos Group Ltd is set to supply hydrogen that will be used in a pilot project to test whether the fuel can provide a greener alternative to natural gas in Britain’s pipelines. The UK government is setting more ambitious targets for hydrogen usage, as part of efforts to accelerate decarbonisation and shore up energy security. Trials ...

  Bloomberg Germany and the Netherlands are moving closer to starting new gas production in the North Sea as part of broader efforts to reduce reliance on Russian energy imports. The German state of Lower Saxony and Dutch energy company ONE-Dyas BV aim to pump natural gas from undersea deposits 20 kilometres (12 miles) north of the islands of Borkum ...

It may still be hard to believe, despite all the Russian military bungling, that Ukraine can win the war against its much bigger neighbour. Yet, as the underdog, Ukraine actually has more scenarios in which it can credibly declare victory. If it survives as an independent state — which appears almost certain now that Vladimir Putin has had to scale ...

As Twitter users everywhere brace for changes to their beloved platform under new ownership, no group is more anxious about Elon Musk’s intentions than the large and highly influential community of democracy activists and human-rights advocates. And arguably, no other group has more at stake. Certainly, none has a closer appreciation of the platform’s potential — for both good and ...

  Hong Kong has undergone wrenching changes that were all but unimaginable little more than two years ago. The remaking of the city in the wake of pro-democracy protests in 2019 has touched upon areas such as freedom of speech and the legal system that are pillars of its standing as an international financial center. Yet if there is one ...

  In the space of a few short months, the prevailing narrative on US inflation has veered from “It’s transitory” to “We have a problem.” The Federal Reserve took another step towards acknowledging this, raising its policy rate by 50 basis points and leading investors to expect a faster pace of tightening from now on. That’s fine, you might say, ...

Bloomberg Qantas Airways Ltd revived a plan to start direct flights connecting Australia’s east coast with New York and London as it finally ordered Airbus SE jets for the ultra-long services. The airline said it’s buying 12 A350-1000s that can fly non-stop from Australia to any city in the world. Commercial services will start from Sydney in late 2025, Qantas ...