Tuesday 2 September 2014
 
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natural gas

Morgan Stanley to set up natural gas export plant

Morgan Stanley has quietly filed plans to build and run one of the first US compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business.

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Saudi Arabia's oil usage tops economic growth

Saudi Arabia’s annual rate of energy consumption has grown to an average of 3.8 million oil barrels per day, marking an increase of more than 5 per cent while the economic growth rate reached 4 per cent, a report said. The r

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Aramco to invest $400bn in next decade

Saudi Aramco, the world’s biggest oil producer, plans to invest $40 billion per annum over the next 10 years to keep oil output capacity steady while doubling gas production, a report said. Aramco forecasts more capital goin

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Natural gas can keep those motors running: Kemp

Cheap natural gas is starting to revolutionise traffic on US roads, cutting bills for some of the country's heaviest fuel users while reducing carbon emissions and other pollution. The revolution is still in its very early stages. G

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Jordan to buy natural gas from Gaza

Jordan plans to import about one-third of its needs of natural gas from Gaza Strips' offshore gas fields at the end of 2017, a report said. Jordan’s National Electric Power Company (Nepco) will sign a letter of intent in

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Egypt restarts $10bn gas project with BP

Egypt's oil minister said on Thursday that BP'S $10 billion natural gas project in the North Alexandria concession, stalled for the past three years, had restarted and that production would begin in 2017. Sherif Ismail tol

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Egypt plans to raise $2.5bn for gas imports

Egypt wants to raise $2.5 billion to cover natural gas imports until the end of December, an energy official said on Wednesday, providing no details on how the government might raise the funding. Khaled Abdel Badie, head of state-

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Bahrain plans natural gas facility expansion

A feasibility study is currently underway that may see an expansion of Bahrain's natural gas production facilities, a top official has said. Talking to the Gulf Daily News, our sister publication, on the sidelines of the Meed

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Egypt to lift natural gas prices for homes, businesses

Egypt plans to double the price of natural gas piped into some homes and businesses from next month, but the move will trim its huge fuel subsidy bill only slightly because few premises are connected to the gas network. Energy pri

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Sabic CEO eyes expansion abroad as Q1 profit dips

Saudi Basic Industries Corp (Sabic) reported a dip in its quarterly earnings on Sunday as its chief executive said a shortage of natural gas was limiting its domestic growth, making expansion abroad vital. Sabic, the biggest liste

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