Kitimat LNG has lined up its first supplier, taking it one step closer to building a liquid natural gas export terminal in northwestern British Columbia.
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The government has declined Reliance Petroleum permission to export LPG from its under- construction only-for-exports refinery at Jamnagar in Gujarat, as the nation continues to face deficit in cooking gas production.
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By Duncan Sutherland – Exclusive to Gas Investing News
Market news
What else can be said about the natural gas market? Futures seem to have reached a rough stabilization in the US$6.50 – US$7.50 range, and winter approaches.
Barring a major depression of the sort where people make shoelace soup, winter means more demand for natural gas. So, [...]
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 [...]
By Duncan Sutherland – Exclusive to Gas Investing News
Market News:
It seems as if natural gas futures have hit a band of support in the $7.25-$7.50 range, which is good news for investors as winter approaches. Structural factors suggest that natural gas will become dearer in winter, especially if the current low prices have a [...]
By Duncan Sutherland – Exclusive to Gas Investing News
Market news
Natural gas futures fluctuated in response to Hurricane Gustav’s threatening track through the Gulf of Mexico over the weekend.
As of Tuesday morning, they were hovering in the mid US$7 range. Thankfully, ‘Gustav’ weakened significantly and did not appear to cause much damage to oil and gas [...]
By Duncan Sutherland – Exclusive to Gas Investing News
Natural gas has been hit hard lately, losing approximately 40 per cent of its price in the last one month itself; a number eclipsing even the oil price collapse.
A report in the business section of the Globe and Mail has a an in-depth article detailing how the [...]
Iran and Oman have entered into an agreement, based on which Iran will export natural gas to Oman for export beyond the neighboring Arab state.
Stuart Lewis, Middle East director at IHS, said:
Potentially you could have Iranian gas actually being piped to Oman and then liquefied and sold on international markets.
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Tuesday, July 14, 2009