Canadian natural gas reserves continue to fall despite record drilling activity
Canada’s known natural gas reserves continue to decline even though a record number of wells were drilled in 2003, the energy industry announced Thursday.
Natural Gas
India hardens its stance on Iran pipeline
Aware of Iran’s dependence on India to market its gas, New Delhi is dragging its feet even as Tehran pumped up the gas on the proposed Iran-India pipeline traversing through Pakistan.
India, Iran fail to agree on LNG deal
India and Iran have failed to seal a LNG-for-oil field deal with Tehran offering a “very high” price for the five million tonnes LNG it plans to sell to New Delhi.
Coal-bed methane being created by microbes, researchers say
Microbes are continually converting hydrocarbon deposits in the Powder River Basin to natural gas, and if managed properly, can help turn coal-bed methane into a renewable energy source, researchers said Tuesday.
Japan to Protest to China Over Intruder Submarin
Japan will protest to China after concluding that a nuclear-powered submarine that intruded into its waters this week belonged to the Chinese navy. Tokyo and Beijing are also at odds over a Chinese gas field project in a disputed part of the East China Sea.
TransCanada, Shell plan LNG terminal
Pipeline and power company TransCanada Corp. plans to band together with international energy giant Royal Dutch/Shell Group to build a $700 million (U.S.) liquefied natural gas terminal off the coast of New York state.
Texas regulator says LNG imports critical
Liquefied natural gas imports will play “a pivotal role” in supplying the United States with energy in the coming years, the head of the Texas Railroad Commission says.
China rocks the geopolitical boat
Billed as the “deal of century” by various commentators, a mega-gas deal between Beijing and Tehran is likely to increase by another $50 billion to $100 billion, bringing the total close to $200 billion, when a similar oil agreement, currently being negotiated, is inked not too far from now.
Another Major Iranian Energy Deal: $3B with India
State-run Indian Oil Corporation has entered into a $3 billion deal with Iran to develop a gas block in the enormous South Pars field, to build an LNG liquefaction plant and to sell the resulting product. This is the IOC’s largest non-Indian investment to date, and one of the largest single investments in South Pars.
National backlash threatens British stakes in Bolivian gas
INVESTMENTS by leading British energy companies in Bolivia’s huge gas reserves are under threat from a popular movement clamouring for nationalisation of the country’s hydrocarbon resources.
The State Jumps Back into the Market
A decade after the controversial privatisation of Argentina’s oil, gas and power industries, the state is staging a return to the energy sector with a new company created to influence a market controlled by a handful of mainly foreign companies.
LNG boom needs terminal sites
In a rush to take advantage of high gas prices and low importing costs for liquefied natural gas, U.S. energy companies have been working to open LNG facilities on the nation’s East, West and Gulf coasts.