Gas Market Update (January 29, 2013)
A brief overview of gas price developments, supply and demand and significant market movers.
Articles Tagged "Pipeline"
TransCanada Registers More Success
Canadian pipeline giant TransCanada has penned another multi-billion dollar deal. In doing so, it has once again raised the question of whether pipeline companies are an overlooked investment opportunity.
European Gas Industry Leaders Throw Support Behind Russian Gas Project
Reuters reported that European gas executives showed their support at the South Stream Pipeline ceremony for a project that is considered an important step towards Russia's gas market dominance.
BASF, Gazprom Swapping Assets
Reuters reported that BASF and Gazprom are trading assets, in which Gazprom will get more access to Siberian gas fields.
Gazprom Strikes Pipeline Deal with Slovenia
CNBC reported that Russian Gazprom has taken steps towards fulfilling its plan to lay gas pipeline across Europe by solidifying a deal with Slovenia.
TransCanada Wins Contract to Build Mexican Pipeline
TransCanada Corporation (TSX:TRP,NYSE:TRP) announced that its Mexican subsidiary, Transportadora de Gas Natural del Noroeste, has been awarded the contract to build, own and operate the El Encino-to-Topolobampo Pipeline in Mexico.
Putin Wants Asia Gas Imports to Increase
Reuters reported that Putin is encouraging Russian gas suppliers to increase exports to Asia, taking advantage of their burgeoning demand.
Puerto Rico Abandons Natural Gas Pipeline Plan
CNBC reported that after investing $50 million in plans for a natural gas pipeline, Puerto Rico's government has opted not to go through with the project.
Alaska LNG: A New Global Competitor?
Heavyweights BP, ConocoPhillips, ExxonMobil and TransCanada are backing a proposal to export natural gas from Alaska that is likely to add pressure to other projects in the area.
New US Gas Pipelines to Keep Prices Low this Winter
Bloomberg reported that with natural gas pipelines in Pennsylvania, Ohio and West Virginia slated to provide 2 billion cubic feet of natural gas per day by the end of 2012, the current supply glut is not expected to wane.
