Prices are expected to rise, initially pushed higher by increased gas demand for cooling, as Senior Meteorologist Joe Bastardi of AccuWeather.com predicted this summer to be the “hottest summer since 2005 for much of the nation” and later from increased demand in industrial and power generation.
National Statistics Institute declared that it shows that Romania’s output of natural gas has totaled 3.777 million tonnes of oil equivalent, down by 5.8% YoY in the January to May 2009 period. In the same period, Romania has imported natural gas totaling 392,100 tonnes of oil equivalent, down by 78.3% YoY. For full story, click [...]
In a bid to give a fillip to the current round of auction of hydrocarbon assets, finance minister Pranab Mukherjee on Monday extended the tax exemption on profits in the natural gas sector. For full story, click here
Union petroleum minister Murli Deora today asked finance minister Pranab Mukherjee will restore tax breaks on natural gas output as is given for crude oil. For full story, click here
Russia’s natural gas output dipped further in May as the country cut fuel extraction sharply in response to plunging demand in Europe and at home while oil output held steady. For full story, click here
The government of India declared that it will lose Rs 40,000 crore in revenues if natural gas production is given tax breaks, the revenue department in the finance ministry has opined, an assessment disputed by experts. For full story, click here
Flagship explorer Oil and Natural Gas Corporation’s natural gas output may almost double to 100 mcmd in the next 7-8 years as it progressively brings new finds into production, even as it gears up to invest over Rs 6,000 crore this fiscal to pump up volumes from its acreages under the seas. For full story, [...]
With output slipping from its ageing Mumbai High and other Western Offshore fields, state-run Oil and Natural Gas Corporation will invest Rs 6,000 crore in new and existing fields in this fiscal to increse output. For full story, click here
The three leading natural gas companies in the Barnett Shale produced more fuel than ever during the first quarter, even as market prices dipped. For full story, click here
The U.S. Energy Information Administration declared that it has expected domestic natural gas production in 2009 to decline from 2008 levels, the first annual output drop since 2005. For full story, click here
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