Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later, European Union regulators may discover energy traders never learned the lessons of the scandal.
Nigeria LNG Ltd. was directed to pay outstanding levies to the country’s maritime regulator after a state arbitration panel ruled the operator of Africa’s biggest liquefied natural gas export terminal isn’t exempt from taxes.
Nigeria LNG Ltd., Africa’s largest liquefied natural gas export terminal, said it declared force majeure on exports following a Royal Dutch Shell Plc halt on deliveries after discovering a supply pipeline leak.
U.S. natural gas prices, pushed to a record high after hurricanes Katrina and Rita barreled through the Gulf of Mexico eight years ago, are now more vulnerable to winter freezes than tropical storms after production moved onshore with the growth of drilling in shale formations.