The Natural Gas Case In the Natural Gas case‚ a German company and a Dutch gas reseller (the plaintiffs) is suing an Austrian partnership company (the defendant) for a breach of contract. The plaintiffs negotiated and agreed to purchase 3000 metric tons of propane gas for $381 per metric ton from the defendant. Because of the two companies never conducting business with one another‚ the plaintiffs agreed to secure a letter of credit with its purchase. To secure the letter of credit with the purchase
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The natural gas industry in Trinidad and Tobago began with the discovery of gas on land at Mahaica in 1955 by Dominion Oil‚ however the first major natural gas discovery (One Trillion Cubic Feet (Tcf)) was off the East coast of Trinidad by Amoco in 1968 in the Teak offshore field. This was followed up in 1973 by a 2 Tcf find in the South East Galeota acreage. There was however production and utilization of gas before this date. Although the dates referred to mark the first large finds of natural
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Natural Gas‚ Pollution‚ and Our Environment In today’s society there is a great need for environmental protection. Things that happened during our parents and grandparents age have caused a great concern for our ozone‚ our air‚ and our environment. You constantly hear about the many sources of pollution‚ but we hardly ever hear about the solutions. In this paper I will present one possible solution to the air pollution problem that has been caused by too many automobile emissions being released
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Introduction India and Myanmar have attracted considerable interest from international oil and gas companies (IOCs) in recent years following a number of significant discoveries in the Bay of Bengal. Now it appears that Bangladesh is ready to tempt the worldwide petroleum industry into investigating the untapped gas potential of its offshore acreage. The country is preparing to launch its Third Licensing Round towards the end of the year‚ after the Bangladesh High Court in July 2006 partially vacated
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Title Name Subject Date Pros and Cons of Natural Gas Drilling Fossil fuel has a high demand in any country. In this century‚ the innovations in the 21st century enable the country to do exploration and invent other drilling technologies. The drilling technologies make it possible for easy accessibility of the reserves that were previously inaccessible. The Marcellus Shale has a lot of natural gas and this has brought development to the developments in the three states. The developments include
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source of energy called natural gas‚ found deep within the Earth’s crust. Commercials created by these companies state that natural gas is easy retrieve‚ cheap and clean burning. However‚ these commercials fail to explain that one of the processes of retrieving natural gas‚ or hydraulic fracturing‚ is extremely harmful to the environment. Hydraulic fracturing‚ or “fracking”‚ is the process of injecting millions of gallons of water into the ground to crack shale rock around a gas well. When the shale
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Forecasting Natural Gas Prices Abstract In this project we will model and forecast the natural gas prices over the short-term through the development of the Error Correction Model (ECM). This is presented as the best predictive model among various alternatives. To build this model‚ we gathered the oil prices to analyze the impact of the changes in these prices on the changes in natural gas prices. The results of the forecasting exercise‚ carried out using the US Natural Gas 3 Months Strips
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extract natural gas and oil from the earth. They use pressurized mixture of water‚ sand‚ and chemicals to form veins (or fractures) in the rock in order for the natural gas or oil to escape. Although this process is an affective way to produce the natural resources from the earth‚ there are repercussions that are being ignored by the well companies. For instance‚ there were several private wells in Dimock‚ Pennsylvania contaminated with methane caused by the fracking done by Cabot Oil and Gas. The
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Natural Gas: The Best Choice for Tomorrow’s Energy What comes to mind when you think about energy? I bet most of you probably think about electricity‚ heat‚ and basic everyday things that we use that require some sort of energy. Let’s think about that for a moment. How are things like electricity and heat produced? Many of the commodities that we all in enjoy in this world like electricity‚ heat‚ and many other things are produced by an energy source. These sources for a very long time consisted
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Natural gas accounts for around 10% share of the overall energy consumption in India. Widening demand and supply gap has resulted in increasing natural gas imports in the form of LNG (Liquefied Natural Gas). The natural gas imports are expected to rise significantly over the next five years. The rising concern of Green House Gas emissions and low price of natural gas is driving the demand for natural gas in India. Government is promoting natural gas production in India by introducing new pricing
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