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Kiakia Daily Global Clean Energy And Gas News Round Up


 
Gas price to increase in India
According to a Bloomberg estimate, the Indian government is expected to increase the price of gas from $2.89 per million to $3.2 per million. This is expected to encourage producers to boost investment and production, helping the country meet its goals of cutting energy imports. Read more here: https://www.commodityonline.com/commodity-news/india-to-raise-natural-gas-price-to-32-per-mmbtu/news-now/19731
 
 
 
 
Germany: We’d start from scratch and depend less on Russian Gas
In the wake of political tensions mounting between Russia and several other countries, and with the depletion of gas reservoirs in the UK and Netherlands, Germany is becoming increasingly reliant on Russia for the blue fuel. Angela Merkel’s government however, is seeking alternatives by building terminals on the North Sea and Baltic Sea that could import LNG and bypass facilities in the neighboring countries. Read more here: https://www.energyvoice.com/oilandgas/asia/167807/petrofac-secures-165million-epc-contract-for-raageshwari-deep-gas-field-development/
 
 
 
 
Italy joins the Gas exporters League
Last week, Italy exported its first natural gas. Efforts are in place by SnamSpA, the nation’s pipeline operator to increase the flexibility of the system and establish a trading hub for LNG in southern Europe that would add options to satisfy demand and utilize the storage facilities in Italy. Read more here: https://www.bloomberg.com/news/articles/2018-03-19/italy-exports-its-first-gas-as-snam-seeks-alternative-to-russia
 
 
 
Anadarko signs 15-year LNG sales and purchase agreement with Electricite de France (EDF)
Anardarko, a French company based in Texas, has agreed to buy 1.2 million tonnes per year of LNG from the Mozambique Area 1 marketing venture it leads. The company seeks to export LNG from Mozambique and plans to build a plant with estimated cost of around $15 billion. Read more here: https://www.lngindustry.com/liquid-natural-gas/20032018/anadarko-agrees-mozambique-lng-export-deal/
 
 
 
 
Ghana makes gas deposits bankable (converts to electricity)
In a bid to reduce gas exports and thereby monetize the resource, Ghana has started converting gas to electricity using small, quick to install gas plants which can be set up within weeks. The Sankofa development in Ghana is expected to start production of electricity this year, which will provide around 2,000 MW which will power around 20.000 homes. Read more here: https://www.thenational.ae/business/ghana-benefits-from-making-gas-deposits-bankable-1.714620
 

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