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The European Union is exploring new gas sources from Qatar and Canada to lessen its reliance on US liquefied natural gas. EU Energy Commissioner Kadri Simson stated that the EU is keen to diversify its LNG imports. Meanwhile, Apollo Commercial Real Estate Finance has sold its $9 billion loan portfolio to the insurance arm of its parent company, Apollo Global Management.
Malaysia's ringgit strengthened to its highest level since 2018. India's liquefied natural gas importers are holding off on some deals. A lost portrait of Robert Burns, painted by Sir Henry Raeburn, was recently discovered.
Russia, US, and Iran Engage in Verbal Sparring as Violence Continues in Multiple Regions
Vitol Group has partnered with other companies to propose a gas-to-power project in South Africa, aiming to replace the country's aging coal-fired power stations. The project is part of South Africa's efforts to diversify its energy mix and reduce its reliance on coal. The consortium's proposal is expected to contribute to the country's energy security and economic growth.