TRUMP SELLS LNG
PLATTS - President Donald Trump pushed US LNG exports Tuesday as crucial to increasing European energy security during talks with Polish President Andrzej Duda while continuing his attacks on the Nord Stream 2 natural gas pipeline from Russia to Germany.
"A tremendous amount of LNG will be exported to Poland," Trump said during a joint news conference with Duda. "We're giving them a pretty good price. They're buying a lot of it. That's gonna be great."
Poland received its first US LNG cargo in June 2017 from the Sabine Pass LNG terminal in Louisiana.
Less than 3% of US LNG exports have flowed to Europe this year as of August, down from 11% in 2017, according to data from S&P Global Platts Analytics.
Trump said he and Duda are exploring opportunities to advance European energy security.
"The United States and Poland are deeply committed to energy diversity all across Europe," Trump said. "No nation should be dependent upon a single foreign supplier of energy. Poland has worked tirelessly to increase energy independence nationally and across central Europe."
Earlier Tuesday, Trump reiterated his opposition to Nord Stream 2, which he called a "very bad thing for the people of Germany."
"Its very unfortunate for the people of Germany that Germany is paying billions and billions of dollars for their energy to Russia, I can tell you the German people don't like it," Trump said.
|October, 22, 12:25:00|
|October, 22, 12:20:00|
|October, 22, 12:15:00|
|October, 22, 12:10:00|
|October, 22, 12:05:00|
|October, 22, 12:00:00|
BLOOMBERG - Russia has begun discussions with Exxon Mobil Corp. on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.
IMF - The agreement reached today reflects the IMF’s commitment to continue to help Ukraine achieve stronger, sustainable, and inclusive economic growth. The new program has been developed in close coordination with the World Bank and the European Union, who have parallel operations to support Ukraine. The authorities’ steadfast and effective implementation will be critical for the program to achieve its objectives.
CNBC - Ukraine announced on Friday it would raise household gas prices by nearly a quarter as Prime Minister Volodymyr Groysman warned that the country risked default if it crashed out of its International Monetary Fund aid program.
Schlumberger Announces Third-Quarter 2018 Results Revenue of $8.5 billion increased 2% sequentially Pretax operating income of $1.2 billion increased 5% sequentially EPS was $0.46 Cash flow from operations was $1.8 billion Free cash flow was $1.0 billion