South Korea’s imports of liquefied natural gas dipped for the fourth consecutive month in April, compared with a year earlier, because of weak demand from local utilities. For full story, click here
Natural gas futures have advanced above $4 for the first time in six weeks on prospects for stronger demand, after a government report raised speculation that the slump is easing. For full story, click here
Domestic demand for natural gas has sharply risen as government boosts gas utilization projects, with the latest signing of 12 natural gas sales agreements between state oil and gas company Pertamina and its business partners. BP Migas deputy chairman for financial economy and marketing Djoko Harsono stated: Demand has sharply increased in the latest five [...]
Despite the collapse in natural gas prices since July has taken some of the heat out of gas development in Pennsylvania, but the state’s hoard is still in demand. 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
A top Australian diplomat announced that his country has the potential to meet New Delhi’s rising demand for natural resources and it would start exporting natural gas to India by 2014. Australian High Commissioner to India John McCarthy said: We see India as an ideal place for bilateral trade because of its excellent economy expansion [...]
Malaysia’s consumption of natural gas dropped by 5 per cent last month from a year earlier because of dwindling demand from power plants. Ezhar Jaafar, senior manager for gas business at the state oil and gas company, said: The power sector is not taking as much because of the economic slowdown. For full story, click [...]
Citing continued economic weakness, the U.S. Energy Information Administration lowered its forecast for 2009 U.S. industrial natural gas demand this Tuesday. For full story, click here
A declining trend in the natural gas market has led to some rare good news for consumers at a time when welcome economic tidings are hard to come by. For full story, click here
Natural gas declined below USD 4 per million British thermal units for the first time in more than 6 years due to worsening recession and declining demand. For more information, click here
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