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 [...]
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. Click here for [...]
By Duncan Sutherland – Exclusive to Gas Investing News Bloomberg reported that NYMEX natural gas futures have lowered to their lowest in six months. The huge decline in the past month is comprised of multiple factors. First, the increased output and stockpiles have reassured traders of supply security. Second, the commodity drawdown has lured hedging [...]
Iran and Algeria support the formation of a natural gas exporters group like OPEC. Chakib Khelil, Algeria’s minister of energy and mines, said: Gas contract data should be shared among members of the Gas Exporting Countries Forum and producers should have more control over contract terms. Click here for full story
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