A unit of Ashmore Energy International Ltd. has planned to invest $400 million over five years in Peruvian natural-gas distribution and filling stations.
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Thursday, April 30, 2009
According to a survey by Platts, the energy information arm of McGraw-Hill Cos., the Energy Department will likely report a 76 billion- to 81 billion-cubic foot dip in natural gas reserves for the week ended April 24.
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Thursday, April 30, 2009
Natural-gas distributor AGL Resources Inc. declared that its first-quarter earnings surged 34 percent, driven mainly by $47 million in hedging gains, and maintained its earlier 2009 profit estimate.
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Thursday, April 30, 2009
Power-starved Karnataka may have better times ahead, about two-and-a-half years from now, when the 800-km gas pipeline from Dabhol, in Maharashtra, to Bangalore becomes operational.
GAIL Chairman and Managing Director U.D. Choubey, stated:
After the Dabhol power plant begins functioning, there will be almost 2.9 million tonnes of gas a year surplus.
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Wednesday, April 29, 2009
AGL Resources Inc. declared its first-quarter net income rose about 30 percent even as revenue declined.
John W. Somerhalder II, AGL Resources chairman, president and CEO, stated:
We are off to a good start and are on track to meet our goals for 2009.
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Wednesday, April 29, 2009
The steel industry will be accorded priority in allocation of natural gas from Reliance Industries’ Krishna Godavari basin once fuel output exceeds 40 mmscmd.
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Wednesday, April 29, 2009
The cost of natural gas in Manitoba will dip for the third straight quarter on Friday, putting the price at the lowest levels since February 2005.
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Wednesday, April 29, 2009
Black Hills Energy declared that wholesale prices in April were the lowest in seven years, and the company has been purchasing some of that cheaper gas.
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Wednesday, April 29, 2009
Eni Spa declared that it will appeal a decision by Spain’s antitrust authority that allows Gas Natural to keep Union Fenosa assets including a stake in a joint venture with the Italian energy group.
Eni Chief Executive Paolo Scaroni stated:
We will appeal the Spanish antitrust’s decision.
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Tuesday, April 28, 2009
In the second quarter of the year 2009, the price of gas, purchased by Naftohaz Ukrayiny from Gazprom, will make $270.95 for a thousand cubic meters.
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Thursday, April 30, 2009