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The CEO of Petronas, Malaysia's national oil company, said that if liquefied natural gas prices reach $40 to $50 per million British thermal units (MMBtu), people may begin to switch to other forms of energy.

2026-10-05

The CEO of Petronas, Malaysia's national oil company, said that if liquefied natural gas prices reach $40 to $50 per million British thermal units (MMBtu), people may begin to switch to other forms of energy.

Other News
2026-10-05

Scottish utility SSE now expects most of its gas-fired units to remain operational into the mid-2030s, a change from earlier guidance that three large plants would reach end-of-life by the end of this decade, CEO Martin Pibworth said. Many UK gas pla

Scottish utility SSE now expects most of its gas-fired units to remain operational into the mid-2030s, a change from earlier guidance that three large plants would reach end-of-life by the end of this decade, CEO Martin Pibworth said. Many UK gas plants were built in the late 1990s and operators face rising maintenance costs. The shift underscores the challenge of keeping supply reliable as wind and solar expand and the system relies more on intermittent generation; batteries and demand-side response are scaling but remain slower to start than gas. "I expect most of our gas plants to continue running into the mid-2030s because the power system does need that flexibility, but future utilization will fall sharply," Pibworth said.
2026-10-05

S&P Global: U.S. service sector activity accelerated sharply in September, with new orders growing at their fastest pace in four and a half years. Job creation was at its fastest pace since June 2022.

S&P Global: U.S. service sector activity accelerated sharply in September, with new orders growing at their fastest pace in four and a half years. Job creation was at its fastest pace since June 2022.
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