Gas Market Update (October 10, 2012)
A brief overview of gas price developments, supply and demand and significant market movers.
Articles Tagged "europe"
Nord Stream Gas Pipeline Opened Between Russia and Germany
New direct link between Russia and Germany is the first of two twin lines that could eventually supply Western Europe with 55 billion cubic metres of gas per year.
French Shale Gas Assets
Total began searching for a new joint venture partner to take a share of a shale gas exploration permit in France. The zone covered by the French permit obtained in March 2010, could contain up to 2,380 billion cubic meters of gas, this amount estimated by multiplying the average gas level in the area by the surface area.
European Roadblocks for Shale Gas Extraction
The comparatively high population density of Europe could mean that shale production will run into local opposition because of the way drilling might disrupt communities, and the way that prohibitions could target the pollution associated with drilling processes.
Natural Gas Pipe deal aims to end Russia’s Monopoly
Officials from six countries gathered Monday in Turkey and signed a deal to build a U.S.-backed pipeline, aimed at breaking Russia’s near-monopoly on natural gas supplies to Europe. For full story, click here
Nigeria, Algeria and Niger has signed accord on Gas Pipeline
Nigeria, Algeria and Niger has signed an agreement on a proposed Trans-Saharan pipeline that will ship natural gas from Nigeria to Europe. For full story, click here
Ukrainian and EU has been working together to purchase $4.2 bln of natural gas
Ukrainian Journal quoted Naftogaz Ukrayiny declared Ukraine and the European Union jointly work on a solution to purchase USD 4.2 billion worth of natural gas to fill Ukrainian underground gas tanks to secure steady gas transit to Europe. For full story, click here
India Lures LNG Cargoes as Asia, Europe Cut Imports
India may rank among the largest markets for spot cargoes of liquefied natural gas this year as Japan, South Korea and Spain slash purchases. For full story, click here
Vladmir Putin says Ukraine-EU Gas plan ‘unprofessional’
Russian Prime Minister Vladimir Putin has declared a gas plan presented by Ukraine to the European Union to be ill-considered and unprofessional. For full story, click here
Turkish and Iranian firms to supply gas to Europe
Iranian newspapers reported that the country has signed an agreement with a Turkish company to form a JV for supplying natural gas to Europe. For full information, click here
