Shale gas is set to remain a largely regional resource over the next three years, with an uncertain global impact due to the increased technical challenges and higher development costs of the resource. The outlook is a key finding of Deloitte’s global Oil and Gas Reality Check 2013. Deloitte Australia Consulting Partner and National Oil [...]
May 24, 2013 | Posted in
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Crowley Maritime Corporation’s petroleum services group is entering the Liquefied Natural Gas (LNG) market by acquiring Carib Energy LLC. Florida-based Carib Energy, founded in 2011, was the first company to receive a small scale, 25-year, LNG export license from the U.S. Department of Energy (DOE) for LNG transportation from the U.S. into Free Trade Agreement [...]
NRG Expert Analyst Edgar van der Meer was recently interviewed by TV Channel Russia 24. He offered some insight into the current state of the shale gas market in the United States. “The shale gas market has grown steadily in the US and will likely continue” said van der Meer. “Domestic natural gas prices, though [...]
PIRA Energy Group reports that gas storage issues in Europe are becoming the driving force in European spot gas market direction. In LNG markets, the Mideast buying season begins this month, just as the Asian market softens. Specifically, PIRA’s analysis of natural gas market fundamentals has revealed the following: Europe Gas Storage Issues Take Center [...]
April 17, 2013 | Posted in
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Ukraine will complete the liberalization of its gas market according to European standards by 2014. The plans were announced by Volodymyr Makukha, the Deputy Minister of the Energy and Coal Industry of Ukraine. Ukraine intends to finish the restructuring of its gas monopoly Naftogaz and attribute the functions of gas extraction, storage, transporting, purchasing, and [...]
Asia Pacific LNG Market Outlook 2020: The demand of energy is increasing rapidly across the world. In such a scenario, natural gas is increasingly being considered as the fuel of choice for the near future, as it is less polluting than oil and coal. The market for LNG has been growing at a fast pace [...]
Avedia Energy, a relative newcomer to the South African liquefied petroleum gas (LPG) industry, announced its commitment as a key player in securing sustainable, long – term LPG supply in an effort to address the erratic production and supply of LPG to the local market. Present in the local market since 2007, Cape Town-based Avedia [...]
The Gazprom Management Committee took note of the information regarding exchange trade in gas and the Electronic Trading Platform (ETP) development at Gazprom Mezhregiongaz. It was noted that successful launch of the exchange and electronic gas trade required taking of actions in several key areas. For instance, it is necessary to develop and introduce measures [...]
A new heavy-haul tractor, a 13-litre engine running on liquefied natural gas (LNG), the introduction of Volvo I-Shift as standard throughout the product range, and services that boost uptime. These are some of the new features that Volvo Trucks in North America is now presenting at the renowned Mid-America Trucking Show (MATS) in Louisville, Kentucky, [...]
Today’s announcement by the WA Liberal Party of its energy policy sets out a positive plan to improve energy security for Western Australia. However, a consistent approach to market-based energy policy is needed to encourage investment in the next generation of potential gas market entrants onshore and offshore. The policy commits to “the viability, growth [...]