Asia will become the second-largest global natural gas market after North America by 2015 with annual demand rising to 790 billion cubic meters, the International Energy Agency said in a report released Tuesday. "Asia is already home to ...
Tags: natural gas market, Chemicals, Metallurgy
Russia and China may reach a basic agreement on the supply of Russian gas to the Asian giant by the end of March -- in time for the visit to Moscow by Xi Jinping, secretary general of the Communist Party of China -- Russia's deputy prime ...
Tags: Gas Supply, Chemicals, basic agreement
Shell said Thursday it remains on track to grow its oil and gas production by over 20% in the next five to six years, despite weak North American fuel prices continuing to dent the performance of its key upstream growth centre. ...
Tags: oil, gas production, fuel prices, North America
Methanex Corporation and Chesapeake Energy Corporation announced the execution of a 10-year agreement to supply all of the natural gas required for Methanex's one million tonne per year methanol plant in Geismar, Louisiana. Commencement of ...
Tags: Methanex Corporation, Chesapeake Energy Corporation, natural gas
Natural gas withdrawals from UK storage facilities hit a record high Wednesday as cold temperatures pushed up demand and prices. End-of-day nominations showed total withdrawals of 112 million cubic meters, of which 44 million cu m ...
Russia's Gazprom paid a total of Rb133.186 billion ($4.4 billion) in retroactive gas price adjustments in January-September 2012, after renegotiating long-term gas supply contracts with some of its customers, the company said Tuesday in ...
Tags: Gazprom, gas price, retroactive gas
Prompt gas prices on the UK's NBP gas trading hub Wednesday hit the highest levels since December 7 as temperature forecasts were revised lower and domestic storage stocks were heavily called upon to meet demand, sources said. The ...
Tags: gas price, gas trading, UK
Prompt prices hit near month highs Wednesday on the UK's NBP gas trading hub with forecasts of colder temperatures the key driver, market sources said. The within-day contract was valued at 67.60 pence/therm at 1200 GMT, up 3.30 p/th from ...
Tags: GAS, gas contract, gas price
Investment bank Goldman Sachs on Monday cut its 2013 US natural gas price forecast to $3.75/MMBtu form $4.25/MMBtu, saying mild winter weather across the US has failed to put a serious dent in storage levels. The bank said higher levels ...
Tags: Investment bank, Goldman Sachs, US, natural gas, price
Ukrainian metallurgical enterprises have continued the upgrading of blast furnaces by installing coal injection facilities amid gas price hikes and tough competition on the domestic and foreign markets in 2012. Mr Anatoliy Starovoit ...
Tags: metallurgical, gas price, coal injection facilities, Ukrainia
Business Line reported that GAIL Ltd is set to receive LNG cargo from Russia’s Gazprom on December 28th 2012 Friday to commission the Dabhol LNG terminal in Maharashtra. The cargo carrying 0.138 million cubic meter of LNG equivalent ...
Tags: GAIL Ltd, LNG cargo, natural gas, GAIL
The next two weeks will be a "make-or-break" period for $4/Mcf natural gas prices this winter, and forecasts of warmer-than-normal weather across the eastern US during the period are pointing to "break," energy investment bank Tudor ...
Tags: January, natural gas prices, gas, Mineral
Flat glass manufacturer PT Asahimas Flat Glass (AMFG) says that it expects to reach its net sales target of Rp 2.78 trillion (US$288.38 million) for 2012 on higher demand from local construction firms and automobile makers. The target is ...
Tags: Flat glass manufacturer, Flat glass, construction firms, Glass
Reuters reported that under pressure from customers and competitors,Gazprom is likely to cut long-term contract prices for Europe next year to levels comparable to those in the spot market. The price of the natural gas Gazprom sells to ...
Tags: Gazprom, prices, Gas, spot market
The Sultanate has made unprecedented progress in developing tight and acid gases as it dug the deepest well in the Middle East region more than 7 kilometers deep in a bid to look for the non traditional gas resources. An official at the ...
Tags: acid gases, oil fields, gas production, new gas