Ireland IS virtually giving away its natural gas. An international study in 2002 has found that the vast majority of multinational oil and gas companies pay other countries proportionately twice the amount that the Government is extracting from the Shell-led consortium that is exploiting the Corrib gas field. For full story, click here
Iran has signed a USD 5 B deal with China National Petrolium Corporation for the exploitation of the giant South Pars natural gas field. For full story, click here
NGS Energy LP has signed a deal with El Paso Corp. to develop a natural gas storage facility in Pinal County. NGS Energy President Laura Luce stated: The growth in the Arizona market has not received the appropriate response from the natural gas storage industry. For full story, click here
Ecopetrol SA declared that it has signed an agreement to build a natural-gas plant at the Gibraltar Field after drilling results determined the area has the potential for production. For full story, click here
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