The latest developments underscore a general theme from the subcontinent as it has been looking at other areas to acquire oil and gas assets overseas to meet its growing energy demand. As Asia’s third-largest oil consumer, India has been aggressively scouting for overseas gas and oil assets to meet its supply deficit and is competing with China for fields from Africa to Venezuela.
Moving away from more traditional supply and demand side fundamentals, gas prices and the costs of production may increasingly be leveraged by oversight, share holder accountability, and seasonal meteorology.
Encana, Canada's largest natural gas producer is seeking project partnerships that could facilitate the development of unconventional gas fields, with expectations to double its production of natural gas over the next five years.
The U.S. Energy Information Administration declared that there will be lower domestic natural gas output and consumption in 2009, as poor economic conditions continue to pressure drilling and overall demand. For full story, click here
The U.S. Energy Information Administration declared that it has expected domestic natural gas production in 2009 to decline from 2008 levels, the first annual output drop since 2005. For full story, click here
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