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China Increase Coal Seam Gas Production by 2015

China may increase subsidies for coal-seam gas production amid a plan to increase output ninefold by 2015, Sanford C. Bernstein & Co. said. The world’s biggest energy user may unveil a proposal to extract natural gas from coal areas, possibly with an output target of 9 billion cubic meters by 2015 from about 1 billion [...]

Wednesday, July 20th, 2011

Encana Acquire Kitimat LNG Interest Export Terminal

Encana Corporation has agreed to acquire a 30 percent interest in the planned Kitimat liquefied natural gas (LNG) export terminal, located on the west coast of central British Columbia, and the associated natural gas pipeline. This proposed Kitimat LNG export development is intended to open tremendous new market opportunities in the Asia-Pacific region for abundant [...]

Sunday, March 20th, 2011

Oil Prices per Barrel Down as Japan Disaster

Oil prices dropped to near $99 a barrel Monday in Asia after a massive earthquake and tsunami devastated northeastern Japan and threatened to send the world’s third-largest economy into recession. Benchmark crude for April delivery was down $1.63 at $99.53 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. [...]

Monday, March 14th, 2011