The Financial Post reported that in order to assess the feasibility of developing a facility to export liquid natural gas from Tanzania, Statoil Tanzania AS has awarded KBR Inc. (NYSE:KBR) a contract to perform pre-front end engineering and design studies.
RIA Novosti quoted the Energy Ministry of Russia as saying that Russia natural gas output dipped 20.8%YoY in January to June 2008 to 274.275 billion cubic meters while exports declined 54.55% to 45.523 billion cubic meters. Its gas production totaled 36.338 billion cubic meters in June, and 120.698 billion cubic meters in the second quarter, [...]
Kurdistan region government revealed that it has hailed the natural gas plan with the value of 8 billion dollars established by a consortium that includes European and Arab companies. The government announced that it will provide big quantities of gas for exports. For full story, click here
A top Australian diplomat announced that his country has the potential to meet New Delhi’s rising demand for natural resources and it would start exporting natural gas to India by 2014. Australian High Commissioner to India John McCarthy said: We see India as an ideal place for bilateral trade because of its excellent economy expansion [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Iran has raised its natural gas exports to Turkey after the Russia-Georgia conflict disrupted supplies from Azerbaijan. For more information, click here
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