All publications by tag «GAS»
2016, January, 28, 19:30:00
U.S. GAS: EXPENSIVE
Currently Greece imports gas from Gazprom at a price of between $4.6 and 4.7 /mn Btu, Kitsakos said; from Turkey's Botas at $5.9/mn Btu; and from Algeria's Sonatrach at $6.5/mn Btu. Gas at the Dutch TTF is around $6/mn Btu. However, the price Cheniere will ask for gas is rumoured to be around $7/mn Btu.
2016, January, 28, 19:15:00
2015: OIL GAS M&A DOWN
The upstream, oil field services, midstream, and downstream businesses during the year collectively saw just 379 M&A deals take place, down from the 709 that occurred in 2014, and 409 and 389 that respectively took place in 2008 and 2009 amid the Great Recession. Total value in 2015 was $286.23 billion, down from $353.97 billion in 2014.
2016, January, 28, 19:05:00
BRITISH GAS PRICES DOWN 40%
British wholesale gas prices have fallen over 40 percent in the past year, as mild winter temperatures softened demand amid a sell-off in crude oil markets to which seasonal gas contracts are indirectly linked, and pressure has been mounting on power companies to lower retail prices for households.
2016, January, 28, 19:00:00
CHINA'S DEMAND WILL UP 4.3%
China's oil demand will grow 4.3 percent this year to surpass 11 million barrels per day, compared to 4.8 percent growth last year.
2016, January, 28, 18:55:00
CHINA & CHEVRON GAS
The Chuandongbei Project covers over 800 square kilometers in Sichuan Province and the Chongqing Municipality. Unocal East China Sea, Ltd. holds a 49 percent participating interest as the operator andChina National Petroleum Corporation holds a 51 participating percent interest.
2016, January, 28, 18:45:00
PRICE WILL BE HIGHER
"The simple fact is that the accepted oil narrative has become uniformly negative," he said. "Prices will eventually have to move to a level that creates supply rather than destroys it.... We believe that price to be well above current levels."
2016, January, 28, 18:35:00
ENI PROPOSES $4 BLN
Eni has already developed phases 4 and 5 of the South Pars gas field as well as two phases of Darkhovin oilfield. It has shown interest in developing Iran’s North Pars gas field and also the third phase of Darkhovin oilfield.
2016, January, 26, 19:30:00
EUROPEAN LNG PROBLEM
The stress test had definitely shown that “we still need additional infrastructure, but not everywhere – we really need to target investment where it's really needed and have the projects of common interest (“PCI's”) and how Europe promotes investments should really be targeted to regions where we do need investments.”
2016, January, 26, 19:25:00
GAS PRICES WILL UP BY 67%
The average natural gas spot price at the benchmark Henry Hub for December 2015 of $1.93 per million British thermal units (MMBtu) was the lowest monthly average since March 1999. EIA expects natural gas prices to rise, averaging $2.65/MMBtu in 2016 and $3.22/MMBtu in 2017. Expected price increases reflect consumption growth, mainly from the industrial sector, that outpaces near-term production growth.
2016, January, 26, 19:20:00
2040: DEMAND WILL UP BY 25%
From 2014 to 2040, we see global demand for energy rising by 25 percent. This increase is equivalent to the total energy used in North America and Latin America today.