BC Looking to Encourage LNG Investment With New Tax

BC Looking to Encourage LNG Investment With New Tax

On October 21, the government of British Columbia announced a tax rate aimed at encouraging investment in the LNG industry on the province's coast. The hope? To keep companies interested in the prospect of drilling for LNG.

Natural Gas in Europe

Europe buys one-quarter of its natural gas from Russia and will remain dependent on that supply for the foreseeable future.

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Company News

BG Group to Delay LNG Terminal in BC

BG Group PLC, a British oil and gas producer, says it won't be building its liquefied natural gas export terminal on British Columbia's West Coast for at least a decade.

BRS Resources Files Drilling Application for Armonia Prospect

BRS Resources Files Drilling Application for Armonia Prospect

BRS Resources (TSXV:BRS) announced that its subsidiary, AleAnna Resources, has filed a drilling application for its Armonia prospect. AleAnna currently owns the largest 3D geophysical data inventory for onshore gas in Italy.

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Market News

Research Firm Recommends Australia Loosen Gas Production Rules

Mining Weekly reported that the Australian Petroleum Production & Exploration Association (APPEA) is pleased with the recommendation that the Australian government should help gas producers by removing "inappropriate barriers" to the fuel's production and reducing "regulatory burdens" on producers.

Cold Winter Could Help Natural Gas Prices

ETF Trends reported that although the United States Natural Gas Fund LP (ARCA:UNG) has dropped 10.4 percent since midway through the summer, a cold winter could result in increased demand for the fuel.

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