Tag: Natural gas
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The US Government is ready to facilitate gas deals for Malta
In a meeting held in September between Malta’s Foreign Minister Ian Borg and US government cabinet officials including Treasury Secretary Scott Bessent and Energy Secretary Chris Wright, the US government confirmed to the Maltese delegation that it could facilitate gas deals to Malta’s needs. The US government also confirmed that the US gas industry is…
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Oil price crashes as OPEC increases production: NatGas winds down
On Thursday last week, OPEC announced an increase of oil productivity by 411,000 barrels per day with a total of 2.2 million barrels, that lead to the oil price crashing after the announcement. Brent Crude is currently at $63.62 from its Thursday high of $73, down by more than 12%. The countries implementing the oil…
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Natural gas prices were the cheapest they have been in recent history, but Miriam Dalli is still harping about subsidies
Energy Minister Miriam Dalli is still at it with her delusions, bragging to the electorate that she has kept electricity prices low by spending up to €2 billion in subsidies since 2020. The government is still issuing energy subsidies and this year alone, Miriam Dalli is expected to disburse up to €596 million in subsidies.…
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European gas storage levels highest since 2016
European gas storage levels are highest they have been since 2016, but prices are even lower at all time lows. US gas production is at an all time-high, yet production levels can still increase even further if further regulations are loosened and further drilling permits granted. Mark CamilleriWebsite Editor Historian and Publisher
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Europe does not need Azerbaijan’s gas
Europe does not need Azerbaijan’s gas. If we are purportedly purchasing gas from Azerbaijan to deter its aggression, how effective is this strategy when Azerbaijan has expelled 100,000 people from Nagorno-Karabakh and annexed it? Wasn’t this the same strategy that Europe applied to Russia, only to find that the end result was completely opposite to…
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The price of natural gas reaches the depths of the Summer Corona lows
The price of natural gas has fallen below the $1.6 mark in many ports and exchanges. This is the same price level gas was during Summer Corona lows and previously seen during early 1999. US production levels have hit all high times in 2023 turning the US into the biggest exporter of natural gas. The…
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The President of the European Council congratulates Azerbaijan’s dictator for a fake election
Yesterday, the President of the European Council, Charles Michel, congratulated Azerbaijan’s dictator, Ilham Aliyev for getting elected with a fake election. Aliyev got 92% of the vote in an election that he ran by himself and without any meaningful challenger. Journalists and critics were jailed before the election as Aliyev ramped up his control over…
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The gas price has crashed and Malta would be making profits if it was’t for Miriam Dalli
Exceptionally warm weather, oversupply, and slowing economic growth have contributed to a crash in the price of natural gas as opposed to the oil price which is still well above pre-Russian invasion prices. Gas prices have crashed below pre-war levels. Miriam Dalli signed a gas-purchase agreement based on an oil-index price change whereby the Maltese…
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Ukraine has a lot of gas: capitulating to Russia means giving it up
Ukraine has a lot of untapped natural gas and a lot of it is in the East under Russian control. Capitulating to Russia means giving up all these gas deposits. If Germany and France had a little sense of long-term self-preservation, they would have been actively supportive of providing Ukraine with all the weapons they…
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A summary of the Maltese government’s gas trade
Ever since last year, I have been following closely the natural gas market due to the Russian invasion of Ukraine. I was short natural gas in September last year, and I also followed the story on the Maltese government’s gas purchase for which it issued subsidies to keep electricity prices low. Malta’s gas purchases were…
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Gas prices are surging and Miriam Dalli’s trade is still in the red
For the sake of my country I had hoped I was to be finally proved wrong on Miriam Dalli’s horrible gas trade when yesterday during the morning, gas prices surged around 15% higher. Miriam Dalli’s gas trade is still in the red because oil prices have fallen by just 11% while gas prices have fallen…
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The oil price will rise only as long the West will allow it to
Last year’s international coordination by the West to address the natural gas issue proved that with little effort and international coordination between Western allies, the price of a commodity can be tamped down. Natural gas is a common commodity that can be extracted in many different places and the world has plenty of it. The…
