U.S. Natural Gas Futures Surged 3 Cents to $2.639 Per mmBtu
Reuters reported that U.S. natural gas futures surged 3 cents to $2.639 per mmBtu over warm weather forecasts.
Articles Tagged "Gas Market News"
Ten-Year Wait for Large-Scale Australian Oil and Gas Production?
Bloomberg reported that obstacles such as a lack of drilling equipment and increased labor and infrastructure costs could mean that Australian shale explorers will not reach large-scale oil and gas production for another ten years.
South Africa May Tap Shale Gas Reserves
Bloomberg reported that South Africa's Energy Minister is considering allowing the country's shale gas reserves to be tapped, a process that has been banned in France and Bulgaria.
Uzbekistan to Begin Supplying Gas to China
Reuters reported that this year, once legal issues are settled, Uzbekistan plans to begin pumping gas to China using a pipeline that crosses three Central Asian states. Turkmenistan is currently the only supplier using the pipeline.
Total Plugs Gas Leak, Sees Rise in Shares
Reuters reported that shares in Total SA (NYSE:TOT) rose more than two percent on the news that the company had plugged a well at its North Sea Elgin platform that had been leaking for seven weeks.
Ukraine to Attempt Escape from Russian Gas Dependence
The Wall Street Journal reported that Ukraine Prime Minister Mykola Azarov said that over the next three years the country plans to increase its natural gas production by up to 20 percent in an attempt to mitigate dependence on Russia. As quoted in the market news: The comments reflect the increasingly difficult balancing act for [...]
Total Takes Action on Gas Leaks
Bloomberg reported that yesterday Total SA (NYSE:TOT) stopped a gas leak in Nigeria and this week expects to halt a leak in the North Sea that began on March 25. There is not yet a date for when operations in Nigeria will restart.
Bulgaria and Greece to Build Pipeline for $258 Million
Bloomberg reported that Bulgaria and Greece are planning to complete construction of a pipeline that will cost $258 million and will connect the countries' natural gas grids by 2015.
Cuadrilla Resources Aiming for Production in 2014
Bloomberg reported that Cuadrilla Resources Ltd., a UK-based shale gas explorer, expects to be able to begin work this year and start gas production in 2014 following a delay caused by minor earthquakes.
Chinese Companies Buying Gas Distributors
Reuters reported that large state companies in China have been buying local gas distributors as a result of good prospects for expansion.
