Tag: natural gas

• Friday, November 11th 2016 - 19:28 UTC

  Petrobras signs US$ 1.2bn contract for natural gas exploration in southern Bolivia

  

  Executives of Brazilian state oil company Petrobras and Bolivian counterpart YPFB signed this week a contract for a US$1.2 billion natural-gas exploration venture in southern Bolivia. Bolivian President Evo Morales and Brazil's minister of mines and energy, Fernando Coelho Filho, traveled to Bolivia's eastern city of Santa Cruz for the signing ceremony.

• Monday, February 1st 2016 - 05:48 UTC

  Chile to provide gas to Argentina in winter months; Enap and YPF will increase production in Magallanes

  

  The government of Chile will be selling energy-short Argentina 5.5 million cubic feet of natural gas a day starting in May, providing also 200 MW of electricity through the interconnection system between both countries. Chile also committed to invest 200 million dollars in the Incremental Project of the Magallanes Area to boost hydrocarbon production.

• Tuesday, November 24th 2015 - 14:53 UTC

  Summit of gas exporting countries opened in Tehran with nine leaders attending

  

  A landmark summit of the Gas Exporting Countries Forum (GECF) has opened in the Iranian capital Tehran with the participation of the heads of nine member states. Presidents of Iran, Russia, Venezuela, Iraq, Bolivia, Equatorial Guinea, Nigeria, Turkmenistan as well as the Algerian prime minister are the key participants.

• Thursday, May 22nd 2014 - 00:46 UTC

  Russia's Weakened Hand Could Pay Off For Beijing In Major Gas Deal

  

  A major gas deal between Russia and China was finally sealed this week when Russian President Vladimir Putin was on a two day visit to China on May 20-21 and met with President Xi Jinping. In the lead up to Putin's arrival, the two sides have been working on putting the finishing touches on a 30-year contract for a gas deal a decade in the making, and Russian officials have suggested that the deal will be completed by Putin's arrival.

• Friday, May 16th 2014 - 11:08 UTC

  Bachelet announces emergency plan to tackle energy shortage with natural gas

  

  President Michelle Bachelet announced on Thursday that Chile would invest 650 million dollars to build a new liquefied natural gas (LNG) terminal and strengthen the state-run oil company in an effort to deal with a mounting power crunch.

• Tuesday, January 28th 2014 - 05:17 UTC

  Market disruptor: nuclear restarts spells trouble for LNG

  

  By Nick Cunningham of Oilprice.com - There are two major factors that have emerged in the last five years that have sparked a surge in LNG investments. First is the shale gas “revolution” in the United States, which allowed the U.S. to vault to the top spot in the world for natural gas production.

• Tuesday, April 2nd 2013 - 02:42 UTC

  Uruguay will go ahead with the re-gasification plant “with or without Argentina”

  

  President Jose Mujica confirmed that the project for the construction of a liquid gas re-gasification plant in the River Plate coast, originally planned with Argentina, “will go ahead with of without the Argentine government”.

• Friday, March 1st 2013 - 06:39 UTC

  Be careful: Russia is back to stay in the Middle East

  

  Russia is back. President Vladimir Putin wants the world to acknowledge that Russia remains a global power. He is making his stand in Syria. The Soviet Union acquired the Tartus Naval Port in Syria in 1971 without any real purpose for it. With their ships welcomed in Algeria, Cuba or Vietnam, Tartus was too insignificant to be developed. After the collapse of the Soviet Union, Russia lacked the funds to spend on the base and no reason to invest in it.

• Thursday, November 29th 2012 - 06:42 UTC

  Argentina increases 44% wellhead natural gas prices to attract investment

  

  Argentine president Cristina Fernandez announced on Wednesday that wellhead natural gas prices are to rise substantially from current levels, an estimated 44%, with the purpose of attracting more investments and increasing production.

• Monday, April 30th 2012 - 04:11 UTC

  New YPF management says gas supply is guaranteed, in spite of Repsol

  

  The current managers of YPF accused Spain’s Repsol of deliberately delaying or ignoring contracts to supply Argentina with liquid natural gas, following the seizure of a majority stake in the company belonging to the Spanish corporation.