Indraprastha Gas Ltd, on Thursday, signed the Gas Sale and Purchase Agreement with Reliance Industries Ltd and its partner NIKO Ltd for supply of 0.308 mscmd from D6 block of Krishna-Godavari basin at $4.2 per million British thermal unit at the landfall point. For full story, click here
Kitimat LNG has lined up its first supplier, taking it one step closer to building a liquid natural gas export terminal in northwestern British Columbia. For full story, click here
A gas leak at a natural gas facility in northeastern British Columbia appears to have been caused by a pipeline bombing. For full story, click here
The government of Alberta, sideswiped by the slumped and depressed natural gas prices, is stepping up its efforts to resuscitate drilling and compete against massive supplies of shale gas from British Columbia and the United States. For full story, click here
The Indian government is likely to double the price of natural gas sold through the administered price mechanism to $4.2 per million metric British thermal unit, which is equivalent to the price that Reliance Industries is getting for its K-G basin gas. For full story, click here
U.K. natural gas grid operator National Grid PLC announced the British Trader liquefied natural gas ship berthed at its Isle of Grain regassification terminal in Kent, England, Thursday. For full story, click here
British oil exploration company, Dana Petroleum declared a crucial discovery of natural gas off northern Moroccan coast. For full story, click here
British Columbia has no plans to change its royalty framework as new investment comes into that province from neigbouring Alberta, which will start collecting higher royalties in 2009. For full story, click here
Record natural gas prices have led to a signficant boom in land sales in Alberta and British Columbia. Larry Boyd, AJM Senior Geological Specialist, was quoted as saying: The recent announcement of shale gas tests in Quebec, the extraordinary land sale prices in British Columbia, Stealth’s announcement of the first commercial shale gas play in [...]
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