Shell Signs Long-Term U.S. LNG Supply Deal With Italian Firm Edison

Shell plc SHEL, a British energy giant, announced that Edison, a leading Italian utility firm, has entered into a liquefied natural gas (LNG) sales and purchase agreement with its subsidiary, Shell International Trading Middle East. Per the terms of the agreement, Edison will buy 0.7 million tons of U.S. LNG from Shell for 15 years on a free-on-board basis. Shell will begin supplying LNG from 2028, per the contract.The Italian firm’s contract with Shell should enable it to expand its LNG and gas portfolio while enhancing flexibility to meet the growing demand for LNG. Furthermore, by securing U.S. gas supplies, the company aims to reinforce the United States’ position as a reliable supply source. Edison has also purchased LNG from Venture Global, a key LNG firm in the United States. In May this year, the Italian player received its first LNG cargo from Venture Global’s Calcasieu Pass facility in Louisiana.Edison has also mentioned that it plans to use its own fleet to manage the logistics. This implies that Edison’s LNG carriers will collect the LNG at the source, transport it overseas and offload the same at the destination. This should improve the reliability and efficiency of Edison’s supply chain. According to the company, this is the second LNG supply source from the United States, which should contribute to energy security in Italy and help improve Edison’s long-term gas portfolio by enhancing its competitiveness.SHEL’s Zacks Rank & Key PicksCurrently, SHEL carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the energy sector are Repsol S.A. REPYY, Antero Midstream Corporation AM and Galp Energia SGPS SA GLPEY. While Repsol sports a Zacks Rank #1 (Strong Buy), Antero Midstream and Galp Energia carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks Rank #1 stocks here.Repsol is a global multi-energy company, involved in exploration and production activities as well as refining and marketing petroleum products. The company is also actively involved in transitioning toward cleaner and more sustainable energy solutions. This suggests that Repsol is positioning itself in line with global energy transition needs.Antero Midstream generates stable cash flow by providing midstream services under long-term contracts with Antero Resources. The company’s higher dividend yield, compared to its sub-industry peers, makes it an attractive choice for investors who seek consistent returns.Galp Energia is a Portuguese energy company engaged in exploration and production activities. The company’s oil exploration efforts have yielded positive results, particularly the Mopane discovery in the Orange Basin, offshore Namibia. After the initial exploration phase, Galp estimated that the Mopane prospect could hold nearly 10 billion barrels of oil. This discovery allows Galp to diversify its global presence, with the potential to become a significant oil producer in the region.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Antero Midstream Corporation (AM): Free Stock Analysis Report Repsol SA (REPYY): Free Stock Analysis Report Galp Energia SGPS SA (GLPEY): Free Stock Analysis Report Shell PLC Unsponsored ADR (SHEL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks