Gazprom stands firm over bold new Black Sea pipeline but could be forced to reevaluate their plans as concerns mount over the project’s feasibility.
Both China and Russia remain confident that an agreement over pricing will eventually be reached.
By Duncan Sutherland – Exclusive to Gas Investing News
Market news
What else can be said about the natural gas market? Futures seem to have reached a rough stabilization in the US$6.50 – US$7.50 range, and winter approaches.
Barring a major depression of the sort where people make shoelace soup, winter means more demand for natural gas. So, [...]
Gazprom offered to buy 100% of Azerbaijan’s natural gas exports for resale to Europe. It will be interesting to see if Azerbaijan will comply. Natural gas futures fluctuated in response to Hurricane Gustav’s threatening track through the Gulf of Mexico over the weekend. For more natural gas market news, visit here
Monday, August 1, 2011