The decision by Israel’s dominant electricity company to exercise only part of its purchase option for Tamar field gas should benefit other projects in the region, industry experts say.
The state oil and gas company’s financial pain will restrict gas production growth in Brazil. But a slew of financial, technical and economic issues are also potential hurdles for gas output.
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The Henry Hub front-month futures price has continued to decline in April, making gas more competitive compared with coal – a trend that will continue for the next few months.
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