A Natural Gas Boom Is Looming For Europe
LONDON, March 7, 2024 /PRNewswire/ -- Europe is weathering its second winter since it cut itself off from Russian natural gas, but beyond that, without its own sufficient supplies, the continent remains vulnerable to the whims of a volatile global market. Companies mentioned in this release include: Chevron Corporation (NYSE:CVX), ExxonMobil Corporation (NYSE:XOM), ConocoPhillips (NYSE:COP), Talos Energy Inc. (NYSE:TALO), Cheniere Energy, Inc. (NYSE:LNG).
- Also in Germany, MCF Energy now has the Reudnitz Gas field concession, a large-scale natural gas prospect initially discovered in 1964.
- And the timing is significant: Europe has underinvested in natural gas as it strives to lower carbon emissions, but natural gas is turning out to be the accepted bridge fuel for the world's energy transition.
- The company's aggressive expansion into natural gas is paired with robust oil operations, suggesting a well-rounded vision for the future.
- Cheniere Energy, Inc. (NYSE:LNG), pioneers the liquefied natural gas (LNG) sector in the United States, operating the country's first LNG export facilities.