[vampyregirl]

Orman Lange field in the Norwegian Sea has three wells currently producing and 20 more planned. It has a potential output of 70 million cubic metres per day. By 2010 it will be supplying 20% of britains gas demand and will eventually be supplying gas to other European nations such as France and Germany.
Natural gas fields are under development in the eastern Meditteranean as well.
The Pearl GTL should be completed by 2010. It will be by far the largest Syndiesel plant in the world and will be producing 260k bpd of syndiesel for the European market.
In China fields are being developed and there is a project to extract Methane gas from coal beds. China is also buying large amounts of LNG from Australia. Increasing natural gas use is a priority for the Chinese government who want to reduce dependence on coal burning.
Japanese Mitsubishi Corporation has bought a fairly large share in the Sakhalin Island project in Siberia. This allows Mitsubishi Electric to have there own LNG source instead of having to buy it from other energy producers.
Whats the point of this post? Nothing really, just a little news if anyone is interested

[americandream]

Could you post us your take market developments as well. Happy energy news does not appear to be echoed in the markets so I'm kinda curious whether you've taken cognisance of what's unfolding and if so, whether your optimistic take can perhaps be applied to interpreting the indexes. I'm not being a cynic, I'ld just like an energy optimists views on long term market trends as I trade.

Thanks

[vampyregirl]

Are you looking for infromation on spot market developments for LNG? Price indexes for NG? Or all of the above?
If you're choosing a company to invest in id recomend the Royal Dutch Shell Group and no its not just because i work for them. Shell is the largest producer of natural gas and the creator of GTL technology among other things.

[zoidberg]

Is there any relationship between the amount of natural gas flared and the rate of production from an oil field? Or is it a characteristic unique to each oil field?

[joeltrout]

It is totally unique to the field.

Some oil fields don't flare any natural gas while others flare a lot of natural gas.

Not all gas is flared. If there is a market for the gas then it is captured and sold. Gas is usually only flared when there is not a market for it and it is more expensive to pump it back into the ground.

It is also very regulated. Some areas cannot flare due to environmental reasons.

This is a good book for an intro to the oil and gas industry if you would like to learn more about it.

Joeltrout

[TheAntiDoomer]

http://www.greencarcongress.com/2009/10 ... -2015.html

$this->bbcode_second_pass_quote('', 'C')leantech research firm Pike Research forecasts growth in natural gas vehicles (NGV) on the road worldwide to 17 million units by 2015, up from 9.7 million in 2008. Pike Research forecasts that the NGV market will grow globally at a CAGR of 5.5% to reach just over 3 million vehicles (including conversions) by 2015.

The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. Pike Research anticipates India will be the fastest-growing NGV market with a CAGR of 18.4% between 2008 and 2015. This rapid expansion will largely be due to the availability of refueling stations and the growth of government emissions rules in large cities in India

[mcgowanjm]

Pakistan, Argentina, Brazil, Iran, and India.

With all 5 having serious food issues by then.

And where is India/Pakistan getting this gas?

Alice In Shale Gas Wonderland

http://juliandarley.blogspot.com/

See, that's the problem. These misinfo stories circle the world
before the serious stuff gets out of the gate:


$this->bbcode_second_pass_quote('', 'B')ut you ask, unlike Evans-Pritchard, if these wells are expensive, what happens if either the price of gas falls or drilling declines precipitously (the former of course being a likely trigger for the latter)? Very good question, because US natural gas has now sunk to roughly half the price of the median break-even price of shale gas. In a nice moment of symmetry, gas drilling has also fallen by half. Of course, drilling can and will increase, but only when the economics justify it. For the moment, it looks like US gas production may decline by up to 14% this year (according to Bernstein Research), which would actually leave the US supply a few percent short, though it will be easy to fill gap with gas in storage or imports.

There are least two key missing points which make the article so misleading. The first is that shale gas flow rates are always much lower than conventional gas, which in practical terms makes it an expensive and unlikely replacement either for conventional gas or for oil. The second and far more profound omission is that the geology of gas shale varies widely across both America and the world, so that to extrapolate from the best - Texas Barnett shale - to the world is like saying we should be able to grow bananas in Norway just because they grow in India.

[dissident]

Yet another bit of cornucopian propaganda falls apart. The pathological optimists should start tapping CH4 from where the sun don't shine.

[frankthetank]

Pike Research

Meet the team:

http://www.pikeresearch.com/about-pike- ... earch-team

[TheAntiDoomer]

$this->bbcode_second_pass_quote('dissident', 'Y')et another bit of cornucopian propaganda falls apart. The pathological optimists should start tapping CH4 from where the sun don't shine.

[Pops]

$this->bbcode_second_pass_quote('TheAntiDoomer', 'H')ow so? Because Mcgowanmc posted a blogger who said it wont work???? That dude told us ...

[copious.abundance]

$this->bbcode_second_pass_quote('mcgowanjm', '
')And where is India/Pakistan getting this gas?

Alice In Shale Gas Wonderland

[copious.abundance]

$this->bbcode_second_pass_quote('mcgowanjm', '
')http://juliandarley.blogspot.com/

[copious.abundance]

$this->bbcode_second_pass_quote('pstarr', 'n')o. your argument is a joke. You believe in an infintite planet and endless oil. That is the dumbest thing I ever heard.

[copious.abundance]

$this->bbcode_second_pass_quote('pstarr', 'I') wouldn't be so sure of this brand-new shale phenomena until is shows a track record.

[copious.abundance]

$this->bbcode_second_pass_quote('OilFinder2', 'N')o shale gas wonderland. They have been making large natural gas discoveries off the coast of India lately. Been reporting it in the India thread, but not surprisingly, just about no one besides me has been paying attention.