Prime Minister Vladimir Putin threatened that Russia would cut natural gas to Ukraine if it wasn’t paid by a Saturday deadline, a warning that revived worries about supply cuts to Europe . For full story, click here
India’s Oil and Natural Gas Corp said that it plans to resume full gas supplies from its South Bassein offshore gas fields from Friday after a planned shutdown of about seven days. For more information, click here
About 1,500 textile processors’ and factory owners from the small-scale industry in Surat, India will stage protest outside Gujarat Gas Company Limited’s plant office to protest against the shortage of natural gas supply to their industry. For full story, click here
Deliveries of Russian natural gas to Poland via Ukraine were resumed on Wednesday, after a two-week halt resulting from a bitter trade row between Ukraine and Russia, Poland’s Gaz-System natural gas authority said. For full story, click here
The deepening financial crisis and collapse in oil prices is all but certain to delay a number of LNG projects, but consumers need not fear a shortage since an economic recession may stifle demand growth. For full story, click here
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: The American Energy Information Administration (the U.S. Government’s register of official energy statistic) is still forecasting an increase in home heating costs over the winter. The EIA did note that its figures were subject to change as new information about the extent of the [...]
By Duncan Sutherland- Exclusive to Gas Investing News Company news The headline this week is obviously Shell (NYSE:RDS.A) and the Iraqi government putting ink to paper on a US$4 billion joint venture deal that will see the company collect flareoff from oil production in Southern Iraq’s Al-Basra province. In even better news, Shell opened a [...]
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 [...]
By Duncan Sutherland – Exclusive to Gas Investing News The tropical storm Edouard made landfall near Galveston Tuesday, with wind speeds approaching hurricane status. Prompted by fears of the storm, oil and gas companies in the Gulf evacuated 23 platforms, or “3.2% of the 717 manned platforms” in the region accounting for 7.21% of natural [...]
Thursday, March 5, 2009