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.
Gas Market News Directory
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.
Bloomberg reported today that Ukraine is reacting to natural gas price “aggression” from Russia by rejecting higher costs for the energy source.
Jeffrey Jones of the Globe and Mail reported that gas prices on the NYMEX prices are only 14% above last years levels despite drastically reduced inventories following an especially harsh winter season. Forecasters are wondering why prices are not rising more given the need to replenish stockpiles, according to the Globe.
Reuters reported today that although Europe and Slovakia may be able to reverse natural gas flows to Ukraine to combat Russian price increases, Russia's Gazprom is questioning the legality of doing so.
Reuters reported on a significant blast that took place last Monday at Williams Co Inc's Liquid Natural Gas plant in rural Washington. The explosion forced an evacuation and injured some workers, sparking discussion among LNG opponents and energy experts regarding safe handling of the fuel.
The Wall Street Journal reported that natural gas futures had their biggest single day gains since February 19 on lower stockpiles.
Forbes reported that natural gas exports from the United States might not be a useful weapon against Russian in light of the recent annexation of Crimea.
MarketWatch reported that natural gas futures are up 3 percent today as a result of data showing a bigger-than-expected fall in US supplies.