Bloomberg Germany’s RWE Supply & Trading GmBH agreed to a 15-year contract with Sempra Infrastructure to purchase liquefied natural gas from a production terminal set to open in Port Arthur, Texas, in 2027, according to both companies. With the deal, RWE said it had secured sufficient LNG volumes to make full use of its booked regasification capacities for an ...

Bloomberg Wholesale power prices surged more than 6,000% in parts of the country during the worst of the recent brutal cold snap — a sign that Americans are likely to face significantly higher winter heating costs once the bills get mailed out. Electricity prices in Houston jumped to almost $3,700 a megawatt-hour on December 23, or a 65-fold increase from ...

  Bloomberg One of Hong Kong’s top foreign business groups warned the city still faces challenges in trying to revive its reputation as a global financial hub, even after it ditched almost all of its Covid curbs. In a sweeping overhaul of policies, residents and travellers alike will find their lives a bit easier. People coming into the city won’t ...