GLG News by Gasoline Experts

Exxon's offshore LNG terminal, the world's first of it's kind, has been just located in the Adriatic 10 miles off Porto Levante, Italy for supply of  about 10% of Italy's natural gas requirements by 2009.  The design capacity of the terminal is 775 MMcfd of natural and will be delivered to...

The ethanol industry has grown to nearly 10 billion gallons of annual production, currently replacing 7% of our gasoline.  Most of this production has come on line in the past 10 years and it may just be the beginning.  It appears that the respective economics of oil and biomass are rapidly...

According to today's Oil & Gas Journal news, Russian President Dmitry Medvedev received from the Russian Security Council approval for Russia's state policy in the Arctic and a plan for implementation.  Russia considers the Arctic region as strategic resource base to guarantee Russia's energy...

Airlines that hedged their jet fuel may now be looking at substantial unrealized losses (perhaps some has already been realized) depending on where they initiated their jet fuel hedge. Will this result in a nasty earnings surprise?

Russian officials had boasted in spring that Gazprom would become the largest publicly traded energy company, surpassing ExxonMobil. However, Gazprom's value is down 58% since May 2008 and debt insurance now rose 1% in a single day, costing  Gazprom additionally about $440 million.

Norway has always pioneered NG and oil exploration in the rough North Sea.  Now Norway recognizes depleted oil fields and geological structures below as safe locations fro CCS.

The significant development of unconventional shale gas is a real success story and needs to be exploited to the fullest to lead us to some independence of the OPEC cartel on crude import.  

The LNG terminal operators like Freeport LNG Development LNG have invested in their LNG import and regasification terminals to meet forecasted shortages of natural gas (NG) in the order of 10 billion cubic feet per day (bcfd) by 2010.  However, the recent significant play by shale gas and the low...

Sound Energy Solutions, subsidiary of Mitsubishi Corp. has diligently worked for the last ten years to bring LNG to Long Beach, having support from ConocoPhillips to take care of heavy hydrocarbons and take off NG for hydrogen production.  Long Beach and the California Coastal Commission rejected...

US natural gas companies have developed the technology and private investment support to unlock 840 trillion cubic feet of natural gas ("NG") from the Barnett, Haynesville and Marcellus shale plays.  This translates to 25 billion cubic feet of NG for the next hundred years.