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The conflict in Ukraine and speculation over sanctions in Russia have caused gas prices to reach record highs today, while LNG imports to Europe are down marginally month-over-month.
The company has spudded the Tim-1S exploration in Mongolia.
Gas market sentiment is expected to stay relatively flat to bearish this week due to a much-needed supply boost and mild weather in Europe.
Iran has begun exploration efforts to identify new reserves at the supergiant South Pars gas field as completion nears on the final phase of its current development. [Gas in Transition, Volume 1, Issue 9]
Europe’s energy crunch continues as gas and power prices soar