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Saudi Arabia: oil output at 30-year high
Top oil exporter Saudi Arabia pumped oil at the highest level for three decades in November, just a week before a key OPEC meeting, aimed to meet customer demand with increased production if necessary.
read more... 08/12/2011
Shale gas – a possible game changer in the global energy mix
In the United States, hydraulic fracturing, a recently developed method of shale gas procurement, has the potential to flip the country from a net importer of natural gas to a net exporter. Shale gas now accounts for one quarter of all U.S. gas production, and the Energy Information Administration (EIA) forecasts that this proportion will double by 2035.
read more... 23/11/2011
Largest gas exporters to discuss over long-term contracts and fair gas prices
World’s largest gas exporters leaders, among which the Iranian President Mahmoud Ahmadinejad, Algerian leader Abdelaziz Bouteflika and the head of Libya’s National Transitional Council, Mustafa Abdul Jalil, participated at their first summit on Tuesday in the capital of Qatar, Doha, two days after a ministerial meeting of the 12-nation Gas Exporting Countries Forum (GECF) took place.
read more... 15/11/2011
Russia may benefit from the Japanese crisis
Russia's reputation as a dependable energy exporter was badly denigrated by a series of pricing disputes with Ukraine which led to disruptions of Russian gas supply to Europe in the middle of winter. Additionally, Moscow was accused of using its natural riches to put pressure on its neighbors.
read more... 28/03/2011
Iran has found huge reserves of gas
Iran, OPEC's second largest oil exporter, has discovered a new gas field onshore with reserves valued at 50 billion dollars, Oil Minister Masoud Mirkazemi said on Sunday.
read more... 17/01/2011