{"id":552561,"date":"2022-09-13T14:02:07","date_gmt":"2022-09-13T14:02:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/hoarding-lng-supplies-at-sea-ahead-of-a-cold-winter-googles-adtech-business-is-getting-served\/"},"modified":"2022-09-13T14:02:07","modified_gmt":"2022-09-13T14:02:07","slug":"hoarding-lng-supplies-at-sea-ahead-of-a-cold-winter-googles-adtech-business-is-getting-served","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/hoarding-lng-supplies-at-sea-ahead-of-a-cold-winter-googles-adtech-business-is-getting-served\/","title":{"rendered":"Hoarding LNG supplies at sea ahead of a cold winter + Google\u2019s adtech business is getting served"},"content":{"rendered":"

<\/a> As shortages loom, energy traders are stockpiling LNG supplies at sea: <\/strong>Energy utilities and traders are hoarding extra liquefied natural gas (LNG) supplies on ships at sea to replace Russian pipeline gas this winter, according to Bloomberg<\/a>. Many energy giants have not released their ships at the end of the summer like they usually do, instead electing to pay more to park LNG shipments off the coast. This is an unusual step because liquid fuel gradually evaporates in ships, making storing supplies for an extended period of time difficult. These difficulties showcase just how far gas importers are ready to go to ensure they have enough fuel for the winter.<\/p>\n

The amount of LNG in so-called floating storage reached 1.4 mn tonnes at the beginning<\/strong> of the month, the highest level in the past two years<\/strong>, according to figures from energy intelligence firm Kpler cited by Bloomberg. To put that sum into perspective, it is nearly equal to Spain\u2019s import total for August. As Russia curbs supply, competition for LNG exports is at an all-time high, driving up prices in Europe and Asia, with further price rises predicted this winter.<\/p>\n

\n

Google could have to pay as much as EUR 25 bn in damages for alleged \u201canticompetitive<\/strong> behavior\u201d in digital advertising<\/strong>, after a law firm representing publishers announced it would launch two lawsuits against Alphabet subsidiary Google in British and Dutch courts in the coming weeks, Reuters<\/a> reports. The search engine giant is accused of exploiting its dominance in the ad tech business by controlling the sale of online advertising space between publishers and advertisers. \u201cIt is time that Google owns up to its responsibilities and pays back the damages it has caused to this important industry. That is why today we are announcing these actions across two jurisdictions to obtain compensation for EU and UK publishers,\u201d a representative from law firm Geradin Partners said in a statement<\/a>. Google criticized the impending legal actions, maintaining that it collaborates positively with all European publishers.<\/p>\n

This is not the first time Google has faced antitrust allegations: <\/strong>The US Justice Department has also been looking into claims that \u201cGoogle abuses its status as both a broker and auctioneer of digital advertisements to steer itself business at the expense of rivals.\u201d The company has reportedly offered the US government to split its ad-tech division into a separate firm under the Alphabet umbrella, to avoid an antitrust lawsuit, according to a recent Wall Street Journal<\/a> report.<\/p>\n","protected":false},"excerpt":{"rendered":"

As shortages loom, energy traders are stockpiling LNG supplies at sea: Energy utilities and traders are hoarding extra liquefied natural gas (LNG) supplies on ships at sea to replace Russian pipeline gas this winter, according to Bloomberg. Many energy giants have not released their ships at the end of the summer like they usually do, […]<\/p>\n","protected":false},"author":1,"featured_media":552562,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[2383,93,633,638,1143],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-552561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-antitrust","tag-energy","tag-enterprisepm","tag-for-your-commute","tag-google","wpautop","entry"],"acf":{"mongo_id":"85bf41d8-bf60-4e4d-875e-fe0aa1021cd1","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/9\/495.jpg","photo_position":"above","related_issue":[552557],"teaser":"","voice_url":""},"yoast_head":"\nHoarding LNG supplies at sea ahead of a cold winter + Google\u2019s adtech business is getting served - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/hoarding-lng-supplies-at-sea-ahead-of-a-cold-winter-googles-adtech-business-is-getting-served\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hoarding LNG supplies at sea ahead of a cold winter + Google\u2019s adtech business is getting served\" \/>\n<meta property=\"og:description\" content=\"As shortages loom, energy traders are stockpiling LNG supplies at sea: Energy utilities and traders are hoarding extra liquefied natural gas (LNG) supplies on ships at sea to replace Russian pipeline gas this winter, according to Bloomberg. 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The cargo, which made its way out of the Damietta Port\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545419,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/renewable-energy-projects-get-weighed-down-by-russia-ukraine-war-europe-scrambled-to-secure-lng-ships\/","url_meta":{"origin":552561,"position":1},"title":"Renewable energy projects get weighed down by Russia-Ukraine war + Europe scrambled to secure LNG ships","author":"enterpriseam admin","date":"28 March 2022","format":false,"excerpt":"Soaring global inflation on the back of the Russia-Ukraine war is weighing down on renewable energy projects. More expensive raw materials (particularly aluminum and steel), coupled with rising transport costs (thanks to the jump in oil prices), have forced renewables players to grapple with more delays and hike the prices\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/579.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556409,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/egypt-on-track-to-achieve-self-sufficiency-in-fuel-products-by-2023-el-molla\/","url_meta":{"origin":552561,"position":2},"title":"Egypt on track to achieve self-sufficiency in fuel products by 2023 \u2013El Molla","author":"enterpriseam admin","date":"25 October 2021","format":false,"excerpt":"Egypt is on track to reach its target of fuel self-sufficiency by 2023 as large-scale upgrades to oil refineries and new facilities expected to cost USD 7 bn come online, Oil Minister Tarek El Molla said in an interview yesterday with Bloomberg (read or watch, runtime: 4:45). Together, those projects\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/258.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546770,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/29\/the-eu-is-working-on-an-agreement-to-import-israeli-gas-via-egypt\/","url_meta":{"origin":552561,"position":3},"title":"The EU is working on an agreement to import Israeli gas via Egypt","author":"enterpriseam admin","date":"29 May 2022","format":false,"excerpt":"The EU is working on an agreement to import more Israeli gas through Egypt as the bloc tries to secure new supplies and cut imports from Russia, according to documents seen by Bloomberg.The proposal: We could sign an MoU with the EU and Israel that would up the amount of\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/377.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560428,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/28\/a-long-hot-summer\/","url_meta":{"origin":552561,"position":4},"title":"A long, hot summer","author":"enterpriseam admin","date":"28 February 2021","format":false,"excerpt":"Don\u2019t expect exports from the newly-reopened Damietta LNG plant to ramp up until the end of the year, as increased local energy demand during the summer is likely to keep exports muted, traders and analysts tell S&P Global Platts Analytics. \"We expect the facility's exports to be limited until after\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/382.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597603,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/31\/damietta-lng-facility-to-work-at-full-capacity-in-4q2019\/","url_meta":{"origin":552561,"position":5},"title":"Damietta LNG facility to work at full capacity in 4Q2019","author":"enterpriseam admin","date":"31 July 2019","format":false,"excerpt":"The Damietta LNG facility will be operating at its full capacity of 5 mn tonnes a year in 4Q2019, an unnamed industry official told Youm7. Italy\u2019s Eni saidearlier this month that it is in talks over the LNG facility in Damietta and expected that it should begin operations \u201csoon this\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=552561"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552561\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/552557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/552562"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=552561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=552561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=552561"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=552561"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=552561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}