U.S. Energy Secretary Critiques EU Regulations, Venture Global Wins Arbitration Against Repsol
U.S. Energy Secretary Chris Wright criticized EU regulations for obstructing American energy exports, calling for necessary reforms. In related developments, Venture Global's shares surged 11% after winning arbitration against Repsol over LNG sales, while Sasol raised its fiscal 2026 fuel sales forecast amid improved production at its Natref refinery.
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U.S. Energy Secretary Chris Wright stated that EU regulations hinder American energy exports to Europe, indicating that reform is necessary for continued trade. Meanwhile, Venture Global's shares rose 11% following a successful arbitration with Repsol regarding LNG sales.
Sasol has increased its fiscal 2026 fuel sales forecast to 5%-10% growth due to improved production at its Natref refinery but reduced its gas production outlook. Gold Resource reported an illegal blockade at its Don David Gold Mine in Oaxaca, Mexico, impacting operations.
Hudbay Minerals has partnered with the Japan Organization for Metals & Energy Security for exploration projects in Manitoba, offering a 10% interest contingent on funding CAD 6 million for exploration. Freeport-McMoRan reported a net income of $406 million despite production suspensions, while Eldorado Gold announced a quarterly dividend as it prepares for its Skouries project in Greece.
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