Energy News  





. OPEC Chief Says Cheap Gas Is History

We may not see these sort of prices again.
by Staff Writers
Abu-Dhabi, UAE (RIA Novosti) Apr 11, 2007
The current chairman of the international oil cartel, OPEC, further heightened gas consumer concerns Tuesday by saying natural gas prices might rise in the future.

The statement follows a forum of the world's leading gas exporters in Doha Monday, which decided to set up a committee for coordinating gas prices. Experts saw the move as the first step toward an OPEC-style gas cartel.

"The time of cheap gas is a matter of the past," Mohamed Bin Dhaen Al Hamli, also energy minister of the United Arab Emirates, told Qatar's Ash-Sharq newspaper. "Gas prices are approaching oil prices, and are based on ... market demand and supply."

The OPEC president said the forum of gas producers, established in 2001, was a good idea because it helped effective planning in the gas sector. He also said gas consumers' concerns about a possible gas cartel, which some Western officials have called a conspiracy, were understandable. The minister said it posed no threat to importers and called for dialogue between consumers and suppliers.

The Algerian energy minister, Chekib Khalil, reminded consumers that the idea of a gas producers' union originally belonged to Europe, which saw it as a guarantee of stable long-term supplies.

"We will make a decision after some consideration. OPEC, for example, was not formed overnight, it took at least 10 years," the minister said.

Source: RIA Novosti

Community
Email This Article
Comment On This Article

Related Links
Powering The World in the 21st Century at Energy-Daily.com
Our Polluted World and Cleaning It Up
China News From SinoDaily.com
Global Trade News
The Economy
All About Solar Energy at SolarDaily.com
Civil Nuclear Energy Science, Technology and News
Powering The World in the 21st Century at Energy-Daily.com




Tempur-Pedic Mattress Comparison

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
Tech Company Involved In Breakthrough Research
Ruston LA (SPX) Apr 11, 2007
Moisture in natural gas may no longer be an issue in the near future due to research conducted at Louisiana Tech. A sensor that has been developed by Sensacoil is as small as, or smaller than, a grain of dust and may be able to detect the moisture, which currently is costly to discover and even more so if it is not found and removed.

.
Get Our Free Newsletters Via Email
  



  • Tech Company Involved In Breakthrough Research
  • Malaysian Firm Taps Nypa Palms For Ethanol
  • OPEC Chief Says Cheap Gas Is History
  • Searching For Alternative Sources Of Energy

  • Japanese Nuclear Industry Vows Safety
  • Egypt And Russia Drafting Nuclear Cooperation Agreements
  • Russia May Invite Neighbors To Join NPP Project In Far East
  • Russian Nuclear Chief Travels To Japan For Nuclear Deals

  • University Of Colorado Instruments To Launch On NASA Cloud Mission
  • Powerful New Tool To Track Atmospheric Carbon Dioxide By Source
  • Sun-Warmed Air Pollution Flows East From Asia
  • Disaster Zone Declared As Thai Haze Reaches Dangerous Levels

  • Trees To Offset The Carbon Footprint
  • Light Shed On Long-Term Effects Of Logging After Wildfire
  • Invasive Grass May Impede Forest Regeneration
  • Slowly But Surely Burned Forest Lands Regenerate Naturally

  • Farmland Across China At Risk From Pollution
  • Anthropologist Finds Earliest Evidence Of Maize Farming In Mexico
  • Boost In Rice Production To Avoid Food Shortages In Indonesia
  • Wine Industry Faces Major Challenge From Global Warming

  • Made In USA Losing Cachet
  • Technique Creates Metal Memory And Could Lead To Vanishing Dents
  • Toyota Anticipates Sharp Increase In Its Hybrid Sales
  • New Nanoscale Engineering Breakthrough Points To Hydrogen-Powered Vehicles

  • Nondestructive Testing Keeps Bagram Aircraft Flying
  • New FAA Oceanic Air Traffic System Designed By Lockheed Martin Fully Operational
  • NASA Seeks New Research Proposals
  • Germans Urged To Give Foreign Travel A Rest To Curb Global Warming

  • Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear
  • NASA plans to send new robot to Jupiter
  • Los Alamos Hopes To Lead New Era Of Nuclear Space Tranportion With Jovian Mission
  • Boeing Selects Leader for Nuclear Space Systems Program

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement