Abu Dhabi’s sovereign wealth fund Mubadala Energy has backed the construction of a new $13 billion liquefied natural gas (LNG) export terminal in the US.
Natural gas prices in Europe posted moderate gains on Thursday amid expectations of new signals from international politics and talks between the U.S. and China.
Energy group Eni is in talks with international investment funds to raise more than €1 billion for floating liquefied natural gas (LNG) projects. The deal reflects Europe’s desire to strengthen energy security and diversify gas supplies after reducing dependence on Russian fuel.
European oil and gas companies have benefited from rising energy prices. Shell on Thursday reported a 24% rise in first-quarter profit. BP also reported higher profits, while France’s TotalEnergies said its net profit jumped 51% to $5.8 billion.
Russia’s federal budget deficit in January-April 2026 amounted to 5.877 trillion rubles (about 60.3 billion euros). This figure was twice as high as in the same period last year and was more than a third higher than the plan for the whole of 2026.
Energy Minister Dorin Jungietu made a working visit to the oil field in Valeni (Cahul district) to assess the state of the existing infrastructure and prospects for the development of hydrocarbon resources extraction in Moldova.
The International Energy Agency (IEA) said the medium-term outlook for the natural gas industry is likely to last longer than previously thought. The conflict with Iran has already led to a loss of about 120 billion cubic meters of liquefied natural gas between 2026 and 2030, Gergely Molnar, an IEA expert, said Thursday.
The law on the creation of the Convergence Fund was published and entered into force on May 7. Thus, the process of gradual abolition of tax exemptions that have been in effect so far for Transnistrian enterprises was launched.
Parliament appointed Daniel Mititela as a member of the Board of Directors of the National Energy Regulatory Agency (ANRE) for a six-year term. The candidacy was supported by 52 MPs of the majority faction of PAS. The official decision was made on May 7, the mandate will take effect on May 11, 2026.
Turkey will play a key role in gas supplies to Central and Eastern Europe and the Balkans this summer, strengthening its position as a regional logistics center. The country is increasingly importing gas and LNG amid ambitions to become a gas hub. And it seems to be succeeding against the backdrop of anti-Russian sanctions and the energy crisis.
