Tue, Mar 31, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Energy, Trends more

Is the West turning away from Middle East energy?

Posted on 18 July 2013

Russian energy company Gazprom said this week it was considering sending a delegation to Algeria to review the prospects for more energy work. The Russian energy giant said it was interested in exploiting the estimated 160 trillion cubic feet of natural gas there.
A report published in May warned that Algerian natural gas production was in decline, however, because aging fields were no longer giving up resources. A lack of foreign investments is hurting the situation even further. Though Gazprom is reviewing its options, a warning from the U.N. Security Council suggests it may be awhile before the region’s state of affairs are in order enough to support any major foreign interest………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39895 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031