By Rob Verdonck and Elena Mazneva (Bloomberg) -- Not many people had expected the U.S. to turn to Europe for natural gas this winter. Yet the polar chill that gripped the U.S. East Coast this month, and sent spot prices to records, has led to a tanker loading a cargo of liquefied natural gas in the U.K. for Boston, some of which was likely produced by a project in Siberia … [Read more...]
Iran Inaugurates New Gas Projects at Giant Offshore Field
By Hashem Kalantari (Bloomberg) -- Iran, holder of the world’s biggest natural gas reserves, boosted output by inaugurating six projects at the giant South Pars offshore field. The country raised total production capacity at South Pars to 570 million cubic meters a day of gas, putting it almost on par with neighboring Qatar, which produces from an adjacent portion of … [Read more...]
Israel Courting Energy Heavyweights to Seek Offshore Gas
By David Wainer (Bloomberg) -- Israel’s Energy Minister Yuval Steinitz is out to persuade big energy explorers put off by years of regulatory turmoil to search for natural gas off his country’s shores. At a road show in London this week, Steinitz will sit down with executives from large and mid-sized energy companies to make his case that prospects for finding big … [Read more...]
Eni Finds Largest Mediterranean Gas Field Ever Offshore Egypt
By Anthony DiPaola (Bloomberg) -- Eni SpA discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company said is the largest find in the Mediterranean Sea. The deep-water deposit in the Zohr Prospect in the Shorouk block may hold 30 trillion cubic feet of gas, equivalent to 5.5 billion barrels of oil, Eni said in an … [Read more...]
Natural Gas Golden Age Fades as Supply Boom Meets Japan Nuclear Rebirth
By Ben Sharples and James Paton (Bloomberg) -- The golden age of natural gas lost some of its luster this month. Japan, the world’s biggest buyer of the fuel in liquid form, restarted a nuclear reactor on the island of Kyushu Aug. 11, re-embracing atomic power to shrink energy-import costs. A week later, a production milestone was marked at Santos Ltd.’s Curtis … [Read more...]