Brazilian energy companies AES Uruguaiana Empreendimentos SA and Companhia de Gas do Estado do Rio Grande do Sul, or Sulgas declared that they are seeking $1.05 billion in damages from Argentine energy company YPF SA over disputed natural gas contracts. For full story, click here
Royal Dutch Shell Plc announced that Shell and Gazprom have signed LNG and natural gas contracts. For full story, click here
Natural gas prices are reported to be under pressure. Natural gas contracts for May delivery were recently quoted at $3.60 each, a dip in 3.6%. For full story, click here
Tokyo Gas Co, Japan’s biggest city gas supplier reported that it has planned to purchase 6 percent less liquefied natural gas on long-term contracts in the year from April 1, as gas demand is projected to fall for a second year because of weak industrial activity. For full story, click here
General Electric Co. announced that it has won a $300 million contract to supply compression equipment for the second phase of a natural-gas pipeline across China. For full story, click here
Russia announced that it will not seek reparations from Ukraine for importing less natural gas than the volume stipulated in the contract with Russia’s Gazprom. Prime Minister Vladimir Putin, said: Ukraine is currently not buying the volume of gas from us that it was contracted to do, and should pay a fine for this. We [...]
Italy’s Eni SPA let a contract to GE Oil & Gas for the largest refinery reactors of their type ever to be manufactured. For full story, click here
India will sign production-sharing contracts this week with companies including BHP Billiton Ltd. and Oil & Natural Gas Corp. that were awarded oil and gas areas off the nation’s west coast. For full story, click here
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