Mirroring the expansion of the shale gas industry elsewhere, China is experiencing a boom in shale gas production.
The European Union may have given North American oil and natural gas producers the cold shoulder in the past, but now European countries could be considering cross Atlantic suppliers as one possible alternative to Russian gas supplies.
In the quests to find both domestic sources of transportation fuel and value-add processes that leverage our natural gas supply, particularly our stranded and flared natural gas, DME production stands out as a promising solution that could prove to be a significant component of America’s energy future.
2014 could hold some challenges for natural gas in North America, but for the most part, prices aren't expected to veer off too far in either direction.
Reuters reported today that Russian natural gas producer Gazprom has stated it will be able to meet rising gas demands from Europe with its new projects.
CBM Asia Development Corp. (TSXV:TCF) applied for a management cease trade order to the British Columbia Securities Commission due to a delay in obtaining financial information and lack of funding.
Deutsche Welle reported that Germany's Essen based RWE (ETR:RWE) has begun supplying gas to the Ukraine. According to Deutsche-Welle, RWE signed a contract for natural gas deliveries with Kyiv in 2012, but has not yet specified the price Ukraine will pay for the gas.
Following the announcement regarding development plans of the Kutai West PSC last week, CBM Asia Development Corp. (TSXV:TCF,OTCBB:CBMDF,FWB:IY2) announced a non-brokered private placement of C$11,000,000 secured loans with bonus shares. CBM Asia is also taking steps to reduce general and administrative expenses, reducing staff levels and office sizes for both Vancouver and Jakarta.
ITAR-TASS reported today that Kiev is in talks with European gas companies regarding a national gas consortium that would help Ukraine with its natural gas transportation system. Ukraine's parliament-appointed Minister of Energy and Coal Industry Yuriy Prodan told ITAR-TASS that he country has forwarded proposals to European gas companies, but that Kiev is not in talks with Moscow concerning the issue.
The Vancouver Sun reported that a government decision to exempt 99 percent of provincially produced natural gas from environmental assessment was reversed by the Liberal government and British Columbia Environment Minister Mary Polak on Wednesday.
Reuters reported that Israel will likely focus on Egypt as a trade partner while putting plans to pump gas to an export plant in Cyprus on the backburner.
Businessweek reported that Russian leader Vladimir Putin is looking to sign a deal to supply pipeline gas to China for the next 30 years. The deal would take place next month, and has become more likely in light of the recent Ukraine crisis, according to the publication.