Gas
![Gas](/cache/2015/12/IRAN-25.33b25a4a.jpg)
2015, December, 14, 19:55:00
IRAN & INDIA CONTRACT: $3 BLN
Iran has agreed a $3 billion contract with a consortium of Indian companies to develop the Farzad B gas field in the Persian Gulf, according to the Mehr news agency.
The managing director of ONGC Videsh, the Indian company heading the partnership, said they had not yet been notified about the development.
![Gas](/cache/2015/12/GAZPROM-36.f801c253.jpg)
2015, December, 14, 19:50:00
TURKEY'S FAMILY AFFAIR
Of Mr. Albayrak, Aaron Stein offers, “I think you have a new Turkish Energy Minister who is very close to Erdogan, speaks for Erdogan, coming into the cabinet, who may take a very hard line on Turkey's push to decrease the cost of the country's gas import bill, from Iran and Russia.”
![Gas](/cache/2015/12/USA-126.7029dad3.jpg)
2015, December, 14, 19:40:00
U.S. RIGS DOWN 28
U.S. Rig Count is down 28 rigs from last week to 709, with oil rigs down 21 to 524, and gas rigs down 7 to 185.
![Gas](/cache/2015/12/TURKEY-7.6d8c09a0.jpg)
2015, December, 11, 19:55:00
TURKEY NEEDS MORE GAS
Turkish state pipeline company BOTAS imported 33.06 billion cubic meters of gas from various sources in Jan.-Oct. 2015, compared to 31.73 billion cubic meters in the same period of 2014.
![Gas](/cache/2015/12/BULGARIA-1.10dc09c2.jpg)
2015, December, 11, 19:50:00
BULGARIA & GREECE AGREED
The 180-km (110-mile) pipeline will be built by a Bulgarian-Greek joint venture that also includes Italian energy group Edison SpA.
![Gas](/cache/2015/12/STATOIL-10.dd6eae50.jpg)
2015, December, 11, 19:45:00
STATOIL & REPSOL TRANSACTIONS
Statoil and Repsol announce transactions in Norway, UK, US and Brazil
![Gas](/cache/2015/12/BP-14.f8ec6553.jpg)
2015, December, 11, 19:25:00
BP COMPLETED $12 BLN
The agreement will involve the development of five trillion cubic feet of gas resources, as well as 55 million barrels of condensates. Production from WND is expected to be around 1.2 billion cubic feet a day (bcf/d) and all the produced gas will be fed into Egypt's national gas grid.
![Gas](/cache/2015/12/CONOCO-5.fd25c465.jpg)
2015, December, 11, 19:20:00
CONOCO CUTS $7.7 BLN
The company also expects to close $2.3 billion of noncore asset sales, including $600 million from transactions that closed through the first three quarters of 2015. The remaining $1.7 billion represents deals with agreements in place that are expected to close in fourth-quarter 2015 or first-quarter 2016.
![Gas](/cache/2015/12/LNG-33.552931ec.jpg)
2015, December, 10, 19:40:00
LNG PRICES DOWN
LNG to northeast Asia, home to the world’s biggest consumers, plunged 27% this year, outpacing Brent’s 23% slump as of Wednesday. While analyst estimates show that crude will recover in 2016, prices for the super-chilled fuel will probably extend declines by as much as 23%.
![Gas](/cache/2015/12/TURKEY-5.e41c6988.jpg)
2015, December, 10, 19:35:00
GAS FOR TURKEY
Qatar's LNG is expensive compared to Russian gas (although Russian gas is also not cheap). New LNG terminals will not be easy to build in the short term; it is a very expensive process. It also possible to increase the efficiency of processing and transmission of gas through the introduction of modern technology, however, it will not completely solve the problem.
![Gas](/cache/2015/12/LNG-32.80fdcba2.jpg)
2015, December, 10, 19:30:00
AUSTRALIAN LNG DOWN
Australia’s $170-billion liquefied natural gas (LNG) construction boom is winding down, and the hunt for new work is picking up.
![Gas](/cache/2015/12/GAZPROM-32.d083d473.jpg)
2015, December, 9, 19:55:00
GAZPROM'S NEW STRATEGY
Gazprom’s activities in the Caspian Sea region and its negotiations with China show that Russia is increasingly looking for opportunities to strengthen its position in other regional energy markets, even though this is connected with high political and economic costs.
![Gas](/cache/2015/12/NORD-STREAM-16.46baa1a4.jpg)
2015, December, 9, 19:45:00
NORD STREAM II COMISSIONING
Nord Stream 2 project will be commissioned in the fourth quarter of 2019, in line with previous declarations that forecasted the new pipeline to be commissioned in 2019.
![Gas](/cache/2015/12/OIL-130.c1a72f95.jpg)
2015, December, 8, 19:50:00
OIL & GAS SALES
The selloff marks a sharp shift in Wall Street sentiment from earlier in the year, when investors piled into energy-company debt and firms sold new bonds as the price of oil appeared to stage a comeback.
![Gas](/cache/2015/12/USA-125.e88d4108.jpg)
2015, December, 8, 19:30:00
U.S. RIGS: THE LOWEST
The US drilling rig count dropped 7 units to 737 during the week ended Dec. 4, marking its lowest point since Oct. 15, 1999.