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18:33
WTI June crude oil futures closed at $95.85 per barrel.
NYMEX May natural gas futures settled at $2.6140 per million British thermal units. NYMEX May gasoline futures settled at $3.4621 per gallon, and NYMEX May heating oil futures settled at $3.9882 per gallon.
18:28
The informal meeting of EU leaders will be held in Cyprus from the 23rd to the 24th, focusing on the conflict in Iran and the resulting energy crisis. The agenda will also include discussions on common EU defense and the multiannual financial framework.
The President of the European Council, Costa, said in an invitation letter to EU member states prior to the meeting that on the 23rd, the meeting will focus on the challenging geopolitical environment in the Middle East and how Europe can contribute to easing tensions in the region, promoting peace, and ensuring smooth navigation in the Strait of Hormuz. Costa also said that high fossil fuel prices have already affected the daily lives of EU citizens, and that European leaders will discuss how to address energy issues.
17:57
Global liquefied natural gas supplier Venture Global announced today that its subsidiary, Venture Global Calcasieu Pass, LLC, has successfully completed the issuance of $750 million in senior secured notes.
This financing will be dedicated to the construction and development of the Calcasieu Pass liquefied natural gas (LNG) export project in Louisiana. The issuance of the senior secured notes received strong subscription from the international capital market, reflecting investors' firm confidence in Venture Global's long-term development strategy and the prospects of the LNG industry. As an emerging operator of LNG export facilities in the United States, Venture Global has further strengthened its financial foundation through this financing, providing robust funding support for subsequent project advancements.The Calcasieu Pass project, Venture Global's first large-scale LNG export facility, is designed with an annual production capacity of 10 million tons. The project employs a modular construction model, which not only significantly shortens the construction period but also sets a new industry benchmark in terms of energy efficiency and environmental standards. Following the completion of this financing, the project is expected to achieve commercial operation as planned, injecting new supply momentum into the global energy market.
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