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.
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Nigeria, Algeria and Niger has signed an agreement on a proposed Trans-Saharan pipeline that will ship natural gas from Nigeria to Europe.
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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.
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India may rank among the largest markets for spot cargoes of liquefied natural gas this year as Japan, South Korea and Spain slash purchases.
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Russian Prime Minister Vladimir Putin has declared a gas plan presented by Ukraine to the European Union to be ill-considered and unprofessional.
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Iranian newspapers reported that the country has signed an agreement with a Turkish company to form a JV for supplying natural gas to Europe.
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Nigeria’s major gas facility belonging to Anglo Dutch giant, Shell Petroleum Development Company (SPDC), has been shut down.
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Export prices for sales of Russian natural gas to European consumers will decline at the start of 2009.
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By Duncan Sutherland – Exclusive to Gas Investing News
Market news
The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices.
Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it has had a [...]
Iranian gas export officials said that they have plans to develop a natural gas pipeline to Europe set to go online within the next s6 years.
National Iranian Gas Export Co. Director Reza Kasaizadeh said:
Persian Pipeline will be operational by 2014. The pipeline will run through Turkey and on to European markets. We have many projects on [...]
Monday, July 13, 2009