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Russian Foreign Minister Lavrov: Venezuelan President will visit Russia on May 9.April 12, Bank of England Monetary Policy Committee member Green said on Saturday that it is not clear what impact Trumps import tariffs will have on British inflation, and the unpredictable trend of the US dollar makes this mystery more difficult to solve. Green said in a panel discussion at the Delphi Economic Forum in Greece that the increase in trade barriers may drag down economic growth in European countries, "but the implications for inflation are unclear." But Green said that the most important thing to pay attention to is the change in the exchange rate: "The key channel is actually the exchange rate, and this is really difficult because the exchange rate has not been running as the model shows in the past week." "The US dollar exchange rate has fallen, not appreciated as people expected."According to AFP: World Health Organization member states reached an "in principle" agreement on Saturday to respond to future pandemics.On April 12, the United Nations Office for the Coordination of Humanitarian Affairs said in a letter released on the 11th that due to the "brutal cuts" in funding, especially the US governments drastic suspension of foreign aid, the agency will lay off 20% of its staff, or more than 500 staff members. According to AFP, Tom Fletcher, the United Nations Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, wrote in a letter to staff that the agency "faces the most difficult situation ever." The United Nations Office for the Coordination of Humanitarian Affairs currently has a total of about 2,600 staff members working in more than 60 countries and regions, providing long-term assistance to conflict areas such as Ukraine, the Gaza Strip, and Sudan.Irans top diplomat: If the United States participates in the negotiations on an equal footing, there is a chance to reach a preliminary consensus in further negotiations.

US Shale Gas And LNG Businesses Meet With European Nations

Haiden Holmes

Apr 07, 2022 09:46

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The group met in Houston with foreign and economic ministries, as well as commercial purchasers seeking to restrict their imports of Russian oil, coal, and liquefied natural gas in response to Russia's invasion of Ukraine, according to executives. This year, the European Union intends to reduce its dependency on Russian gas by two-thirds.


Delegations from Latvia and Estonia, as well as diplomats from Bulgaria, Estonia, France, Germany, Hungary, Latvia, and the United Kingdom, paid a visit to the Golden Pass LNG export project in Sabine Pass, Texas, and later met with shale gas producers in Houston, according to Fred Hutchison, CEO of trade group LNG Allies.


Top executives from Chesapeake Energy (NYSE:CHK), Coterra Energy, EOG Resources (NYSE:EOG), and EQT Corp (NYSE:EQT) participated in the group talks, he claimed. Individual meetings between US CEOs and commercial representatives from Latvia, Estonia, and Slovakia are scheduled.


"Europe's condition is fragile. All of these nations that rely on Russian gas are determined to entirely abandon it, in certain situations "Hutchison said.


It takes years to build additional LNG capacity, and substantial fresh supplies will not be accessible until the mid-decade. "The capacity constraints in 2022 are significant, but the prospects in the next three years are quite remarkable," he added.


Pioneer Natural Resources' (NYSE:PXD) Chief Executive Scott Sheffield underlined the need for additional LNG projects earlier in the day at a congressional hearing. He encouraged Congress to support the development of additional facilities in the United States.


"In the northeast, we need to develop LNG plants," Sheffield added.


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