E.ON Signs 20-Year LNG Shipping Deal with MOL, Newbuild Order Placed

EGC SE, the energy trading arm of gas and power company E.ON signed a 20-year agreement with Japanese shipping company Mitsui O.S.K Line (MOL) for their role in shipping approximately 800,000 tons of liquefied natural gas per year from U.S. Gulf liquefaction project, including the planned terminal near Freeport, Texas. Concurrently with this deal, MOL signed a newbuilding … [Read more...]

Germany Gives E.ON Credit Guarantees to Strike LNG Supply Deals

By Oleg Vukmanovic and Henning Gloystein MILAN/LONDON, Aug 21 (Reuters) - Germany is providing multi-billion-euro financial guarantees to help its biggest utility E.ON strike long-term gas import deals, a source with direct knowledge of the matter said, as the country seeks to reduce its dependence on Russian supply. Germany meets around 40 percent of its gas demand … [Read more...]