A brief overview of gas price developments, supply and demand and significant market movers.
Articles Tagged "europe"
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.
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.
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.
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 an agreement on a proposed Trans-Saharan pipeline that will ship natural gas from Nigeria to Europe. For full story, click here
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 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
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
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