Wednesday 22 May 2013
 
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natural gas

Natural gas could oust diesel in many sectors

  Unless prices for natural gas and crude start to converge soon in the US, the overwhelming incentive to switch to dual fuel engines which use a mix of diesel and natural gas will be overwhelming.  

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Fossil fuel still fastest growing energy source

The biggest energy challenge facing the world today is meeting the rapidly growing energy needs of emerging market nations, including the 1.3 billion people that have little or no access to modern energy, according to the World Economic Forum

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Bahrain mulls plan to curb domestic power use

Bahrain may soon embark on an ambitious plan to curb domestic consumption of electricity and reduce gas emissions, a report said. If approved, the proposed scheme will help save up to 245MW of electricity per annum, according to t

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Oman to raise gas prices for industrial users

  Oman will double natural gas prices for some industrial consumers by 2015, with a rise of 33 percent for 2013 alone, Oman's minister for financial affairs told Reuters on Monday in a rare Middle Eastern move to slash fuel s

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iForex adds natural gas to tradable commodities

Top currency trader iForex has recently introduced the popular CFD, natural gas to its list of tradable commodities, offering benefits from the movements in gas prices by trading the Henry Hub Natural Gas CFD. iForex has provided

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Dana Gas ‘will not repay $920m sukuk’

UAE-based natural gas firm Dana Gas will not repay a $920 million convertible Islamic bond when it matures on Wednesday and has reached a standstill agreement with bondholders, three sources said. Sharjah-based Dana, hit by paymen

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Iranian gas flow to Turkey resumes after blast

The gas flow on a pipeline carrying Iranian natural gas to Turkey resumed on Sunday, almost a week after it was halted by an explosion in eastern Turkey, Turkey's energy minister said. "The Turkey to Iran natural gas pipe

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Turkmenistan eyes record nat gas production

Turkmenistan, holder of the world's fourth-largest reserves of natural gas, plans to produce a total of 448.7 billion cubic metres (bcm) of the fuel in 2012-16, state media reported on Saturday, in a rare disclosure of such data in the reclusi

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Bahrain reports record oil production in 2011

The year 2011 was a landmark year for Bahrain’s oil and gas sector, with the highest ever production of crude oil achieved in December at 45,900 bpd, said Energy Minister Dr Abdulhussain Mirza. A key report for 2011 issued by the National

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Global gas glut may hurt Middle East

A boom in unconventional natural gas over the next 20 years could see the US and others benefit from cheaper energy while the importance of the Middle East declines, the International Energy Agency (IEA) said on Tuesday.     &n

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