Natural Gas Production, Consumption Slip
Production of natural gas slipped approximately 4.37% in September compared to the previous month.
Production of natural gas slipped approximately 4.37% in September compared to the previous month.
Kuwait and Iraq agreed on an export price for Iraq’s natural gas.
A global glut of natural gas could result in a sharp drop in prices.
Eni will drill two new exploratory wells in Cyprus’ territorial waters.
Enel is negotiating new natural gas contracts with Algeria to replace current contracts set to expire soon
Egypt’s natural gas could prove an alternative energy source for Europe.
Egypt currently consumes approximately 6 billion cubic feet per day (bcf/d) of natural gas.
Rosneft plans to invest more than $2 billion in the Zohr natural gas field.
Natural gas consumption of Egypt's electricity generating power plants has decreased by around 900 million standard cubic feet per day (mscf/d).
The Parliamentary Committee on Industry is considering proposals for re-pricing the natural gas sold to industrial purchasers and eliminating the property taxes on factories.