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CommentWire
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Russian gas giant Gazprom and Canadian major Petro-Canada are to proceed with construction of an LNG terminal on the Baltic Sea. Based on existing demand and infrastructure, the gas could be sold both on the North American as well as European markets. This brings arbitrage opportunities on top of long-term supply for the Canadian market, and marks a further step towards a truly global LNG market.
Published By Datamonitor
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20 Mar 2006 |
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Expert View
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BP is selling a 50% stake in its Kirby oil sands assets to Devon Energy, resulting in a joint venture that will see these previously dormant assets utilized. As this will involve extremely energy- and carbon-intensive production methods, the move could further aggravate a group of BP shareholders that have already raised concerns over the firm's involvement in 'dirty' fuels.
Published By Datamonitor
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18 Mar 2010 |
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CommentWire
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Canada's federal regulators have approved the Mackenzie Valley pipeline in the Northwest Territories after more than three decades of debate. The $16bn pipeline will bring Arctic natural gas to the Canadian market and create thousands of jobs. However, the challenge for stakeholders will be to determine the commercial viability of the project, compared to other supply sources such as shale gas.
Published By Datamonitor
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22 Dec 2010 |
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Expert View
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A number of firms have been awarded exploratory drilling licenses for fields in Germany where new production techniques may make the extraction of large quantities of unconventional gas financially viable. While this development might affect the global gas markets in the future, production is unlikely to start in the next couple of years, and the news has already attracted environmental scrutiny.
Published By Datamonitor
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11 Nov 2010 |
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CommentWire
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A team of Japanese and Canadian scientists have inched closer to unlocking massive reserves of ice-bound natural gas, known as natural gas hydrate or methane clathrate, in the Canadian Arctic. While successful and profitable extraction remains elusive, the development of viable extraction techniques is the key to exploiting the abundance of natural gas hydrate reserves.
Published By Datamonitor
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17 Nov 2010 |
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