AGP Executive Report
Last update: 5 hours agoLNG Deal: Sempra Infrastructure signed a 20-year LNG sales and purchase agreement with Petrobras for about 0.8 Mtpa from its Port Arthur LNG Phase 2 project in Texas, expanding South American demand for U.S. gas. Electricity Reliability: Guyana’s President Irfaan Ali acknowledged GPL is lagging demand growth, citing an 18% rise in electricity demand in 2024–Aug 2026 and commissioning InterEnergy to oversee transmission and distribution upgrades tied to the Wales gas-to-power system. Oil Market Shock: Saudi Arabia’s crude output fell to its lowest since 1990 as Red Sea disruptions and the Iran war squeeze exports, pushing Brent above $107 and lifting U.S. diesel prices to record levels. Venezuela Energy Push: The U.S. says it aims to raise Venezuela oil production to 1.5 mbpd in the short term, using U.S. companies after a June agreement that eased Iranian oil restrictions. Nuclear Cooperation: Venezuela’s science minister urged broader Global South access to peaceful nuclear uses at the IAEA, framing nuclear tech as key for development. Caribbean Fuel Costs: Antigua and Barbuda plans smaller fuel price increases after the Iran war strained subsidies and payments to its fuel supplier. Falklands Sanctions: Argentina’s Milei is preparing tougher sanctions on firms operating in the Falklands/Malvinas, a move that could further inflame tensions with Britain.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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