Re:Karoo- Gas needs to be at centre of debate
in response to
by
posted on
Jun 18, 2013 08:38AM
Developing large acreage positions of unconventional and conventional oil and gas resources
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“Globally, gas prices vary from $4 per million British thermal units (mbtu) – the measure for internationally traded gas – to $17/mbtu, although the widely held view is that prices are likely to converge as more unconventional sources come on line."
This sentence from the article does sounds familiar? Back in December of 2012 I posted this:
“.....in North America, wherethe price of natural gas is averaging around $3.50 per thousand cubic feet. However, the European natural gas import price is averaging about $11.50 per thousand cubic feet. More than triple of the North American prices, consequently this gives us a much higher value per trillion cubic feet of gas. Then again the Asian natural gas prices are even higher, in Japan the spot price can be as high as $18.”
http://agoracom.com/ir/Falcon/forums/discussion/topics/511890-the-falcon-play/messages/1754904#message