The major natural gas-consuming countries of the United States, Europe and Asia should work cooperatively to block leading gas exporters from creating an OPEC-like organization for gas, Rep. Ileana Ros-Lehtinen (R-FL) said Monday in a letter to Secretary of State Condoleeza Rice.
Asia
Articles from Asia
Greenspan: Global Trade Will Lower NatGas Prices; Oil Prices Uncertain
In coming years increased imports of liquefied natural gas (LNG) will leverage U.S. prices down to levels competitive with natural gas prices in Europe and Asia, which currently range from $2 to $5/MMBtu, compared to the $6/MMBtu level in the United States, Federal Reserve Chairman Alan Greenspan said Friday. While predicting the lower gas prices in a speech to the Economic Club of New York, the chairman made no promises for the oil market, where the higher prices are worldwide.
May 23, 2005
Greenspan: Global Trade Will Lower NatGas Prices; Oil Prices Uncertain
In coming years increased imports of liquefied natural gas (LNG) will leverage U.S. prices down to levels competitive with natural gas prices in Europe and Asia, which currently range from $2 to $5/MMBtu, compared to the $6/MMBtu level in the United States, Federal Reserve Chairman Alan Greenspan said Friday. While predicting the lower gas prices in a speech to the Economic Club of New York, the chairman made no promises for the oil market, where the higher prices are worldwide.
May 23, 2005
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