Ashmore’s Gas Unit will invest $400 mln in Peru
A unit of Ashmore Energy International Ltd. has planned to invest $400 million over five years in Peruvian natural-gas distribution and filling stations. For full story, click here
Archive for April, 2009
McGraw’s Energy Department will report 76 bln dip in natural gas reserves
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. For full story, click here
AGL Resources first-quarter profit jumped 34%
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. For full story, click here
GAIL will supply natural gas to state from Dabhol
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. For full story, [...]
AGL Resources declared powered up Q1 profit
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. For full story, click here
KG Basin Gas allocations will boost steel output
The steel industry will be accorded priority in allocation of natural gas from Reliance Industries’ Krishna Godavari basin once fuel output exceeds 40 mmscmd. For full story, click here
Prices of natural gas dipped in Manitoba
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. For full story, click here
Black Hills Energy saw wholesale prices in April to be the lowest
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. For full story, click here
Eni Spa will appeal on Spain’s Gas Natural decision
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. For full story, click here
Ukraine will pay $270.95 for natural gas in Q2
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. For full story, click here
