President Donald Trump said on Thursday the United States would guarantee supplies of liquefied natural gas to Europe, even amid worries that the booming export industry could boost prices of gas for U.

Venture Global is now seeking a more reasonable valuation of about $65 billion, versus earlier plans for about $110 billion.

Trump has pledged to ensure Europe’s LNG needs are met, even if it impacts domestic prices, while urging increased EU purchases to address trade imbalances.

One of the president’s executive orders offers a new path for getting a gas development across the finish line.

Liquefied natural gas shipping costs are plummeting as the market grapples with a glut of vessels, a development that could provide relief for gas importers and help pad profits for traders.

European natural-gas prices remained well supported, and ING said “the market and [EU] member countries are becoming increasingly concerned about the task of refilling storage through the injection season and the fact that the forward curve provides no incentive to store gas for next winter.

Brokers are quoting levels for 174,000-cbm vessels lifting cargoes out of the US to Europe at $9,000 per day on a round trip voyage basis — a record low for modern vessels of this type. This is down from an already weak $22,000 per day seen at the start of this year. A Vitol relet is being reported as fixed to Petronas UK at around $9,000 per day.

(Reuters) -Liquefied natural gas exporter Venture Global said on Thursday it had raised $1.75 billion, marking the first big initial public offering of President Donald Trump's second term as investors bet on his plan to boost U.

(Reuters) -Venture Global LNG has raised $1.75 billion after pricing its U.S. initial public offering within range, the second-largest exporter of liquefied natural gas in the United States said on Thursday.

TotalEnergies has further delayed its troubled $20bn liquefied natural gas project in Mozambique as security concerns and political uncertainty dog one of Africa’s biggest energy investments.

HOUSTON (Reuters) - U.S. President Donald Trump has ended the moratorium on new liquefied natural gas export permits imposed by his predecessor Joe Biden in January 2024. Trump targeted the LNG industry with an executive order on the first day, part of a series of planned policy moves to encourage more U.S. energy production.