The use of gas as an energy source is expected to surge globally, which also raises the need to find safe and economic solutions for storing large quantities of gas. The current solution is to store large gas tanks near populated areas, occupying expensive and valuable areas of land. For full story, click here
The U.S. Energy Information Administration has expected natural gas prices to remain below $4 a thousand cubic feet until late this year amid robust supplies and weaker demand resulting from the economic slump. For full story, click here
According to Standard & Poor’s Ratings Services, a prolonged dip in natural-gas prices leaves companies with very little economic incentive to drill new wells until prices turn back up substantially. For full story, click here
Australia has more than $200 billion worth of energy projects on the drawing board, enough to drive the nation’s economic recovery. For full story, click here
The Government reported that it has launched the biggest auction of oil & gas exploration blocks even as global energy producers cut investments in the face of slipping prices and the worst economic slump since the World War II. For full story, click here
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