Russia Soon to Be Europe's #1 Nat Gas Supplier

Source: Globe and Mail, William Stoichevski (6/22/11)

"Russian producers best Norwegian prices to win the German market."

The Globe and Mail, William Stoichevski

When cold winds begin to blow this fall, Russia will begin eclipsing Norway to become Europe's No. 1 supplier of natural gas.

By October, the 55-billion-cubic-meter-a-year Nord Stream pipeline—with the power-generating capacity of 14 nuclear plants or 15 using coal—will bring Siberian gas across the Baltic Sea to Germany, where 17 nuclear plants are to be closed by 2022. As the gas tap is turned on, banks will meet to finance a second massive Russo-German pipeline: South Stream, with 63 Bcm/y of strategic gas.

Nord Stream will wean Germany off "expensive" Norwegian piped gas, while the landfall of South Stream in Eastern Europe and then Italy in 2014 will make Russia the largest energy supplier to Europe. It has become clear that the only viable alternate energy source for 80 million Germans free of nuclear power is Russian gas, despite turbine installations that have turned Germany into Europe's largest wind-power market.

It isn't just the secure volumes in the two pipeline projects of consortia partners Gazprom of Russia and Wintershall of Germany. It's about prices, and German gas retailers have protested these by turning away supplies.

Option Partner to Continue Operations at Energy Firm's Texas Oil & Gas Project
Source: Streetwise Reports (01/23/2021)

The efforts will meet Torchlight Energy Resources' development requirements at Hazel.

Target Price Raised on Energy Firm Making 'Transformative Acquisition'
Source: Streetwise Reports (01/06/2021)

The terms and benefits of Earthstone Energy's purchase of an oil and gas company, an "eye-catching act of deal making," are presented in a ROTH Capital Partners report.

Energy Firm to Combine with Materials, Nanocomposites Company
Source: Streetwise Reports (12/16/2020)

Torchlight Energy Resources sees the transaction providing its shareholders "access to the multibillion-dollar markets that Metamaterial serves."

Oil & Gas Producer Reports on Thailand Operations
Source: Streetwise Reports (12/02/2020)

Pan Orient Energy Corp. reports on continuing drill operations in Thailand.

Energy Company Boosts Thailand Oil Production, Offers 'Low Risk Production Growth'
Source: Streetwise Reports (11/19/2020)

The highlights of Pan Orient Energy's third quarter are presented in a Mackie Research Capital Corp. report.

Texas Oil & Gas Firm to Sell Its Stake in Delaware Basin Project
Source: Streetwise Reports (11/18/2020)

For its interest, Torchlight Energy Resources is to receive $350,000.

Oil & Gas Firm Reports Q3 Operational, Financial Results
Source: Streetwise Reports (11/16/2020)

Pan Orient Energy and its joint venture partner continue producing and selling oil from its L53 Concession in Thailand, which are funding ongoing exploration work there.

Texas Oil & Gas Explorer Completes Fracking of Midland Basin Well
Source: Streetwise Reports (11/11/2020)

The next step for Torchlight Energy's well at Hazel is flowback, which is to start next week.

Altus Midstream Shares Flow Higher on Q3 Earnings and Plans for $1.50/Share Dividend in Q1/21
Source: Streetwise Reports (11/05/2020)

Shares of Altus Midstream Co. traded 170% higher after the firm reported Q3/20 financial results and announced plans to pay a quarterly dividend of $1.50 per share beginning in March 2021.