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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (179294)	7/6/2013 10:54:12 AM
From: Dennis Roth	Respond to of 206110

A single month moves Europe forward in growing the role of natural gas By William Powell \| July 5, 2013 11:04 AM Comments (0) blogs.platts.com June ended with some major and long-awaited developments in the world of European gas. In no particular order: the Shah Deniz consortium picked the winner for the 10 Bcm/year Caspian Sea gas pipeline project; the UK government announced that it had enough gas trapped in a part of its shale rock to last it for 43 years; Cyprus signed agreements with producers that could lead to an LNG export project later this decade; and Israel came up with a compromise on the amount of gas that may be exported: some 400 billion cubic meters in total over a few decades... ...There is therefore the prospect of much more gas reaching Europe by the end of this decade, and this would be a happy coincidence, since 2020 is the deadline for a series of carbon-reduction targets set by the European Commission for its member states. How satisfying it would be for the gas industry if, despite the direst warnings of the subsidized green industry, these targets were met by the influx of vast quantities of low-carbon gas, for transport, power and heating in the region, and whose existence was barely dreamed of when the carbon reduction legislation was drawn up in 2009?