Natural gas producers have had little to cheer about over the past few months after prices sunk to multi-year lows amid a huge oversupply and warm weather. The slowdown could not have come at a worse time for the burgeoning U.S. LNG industry, which has experienced explosive growth over the past decade that put the nation on the cusp of becoming the world's largest LNG exporter ahead of Qatar and Australia. But now, U.S. LNG producers can afford to smile after nabbing a key customer: Turkey.
The European Commission has approved EU funding worth €130 million to expand a Liquefied Natural Gas (LNG) Terminal in northwest Poland, triggering the ire of green activists who oppose continuing EU support for fossil fuel projects.
A U.N.-led call for action to tighten sulfur oxide emissions may also be a trigger accelerating a shift to natural gas as fuel for the global shipping fleet, and Japan is wasting no time trying to establish a refueling hub in Asia.
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