Natural Gas news and market movers: Qatar ramps up production
- The biggest winner from Europe’s shift away from Russian Gas is Qatar. The kingdom is ramping up its production and expanding its mining of LNG to fulfill fresh demand.
- Gazprom, the Russian biggest Gas company, reported a $7 billion loss after diminishing flows to Europe and with Asian demand not enough to fill the void, the Financial Times reports.
- The US is set to lose Gas inflows from Canada as the country is set to unveil its own LNG export terminal.
- The recent lower Gas prices were becoming an issue for ConocoPhillips, which missed earnings estimates in the first quarter of this year, Dow Jones reports.
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