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If Russia were the be all and end all of gas production in Asia, then perhaps it could leverage its market power to keep those prices up.
FORBES: Gazprom Bows To Shale Boom, Cancels Shtokman Plans
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"Offshore oil and gas production projects begin and end with the operator, in this case BP, " says Chief Executive StevenNewmanSteven Newman.
FORBES
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"Offshore oil and gas production projects begin and end with the operator, in this case BP, " says Chief Executive Steven Newman .
FORBES: The Gulf Oil Leak
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We expect the natural gas production volume to follow an increasing trend, crossing 1300 mcf by the end of the Trefis forecast period, an average annual growth rate of around 5%.
FORBES: Chesapeake Good For $38 But Faces Big Fracking Headaches
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However, as a consequence of the economic downturn, which reduced demand and prices significantly in 2009, we expect the natural gas production volume to decrease slightly in the short term and then increase, crossing 900 mcf by the end of the Trefis forecast period.
FORBES: Chesapeake Could Be $30 Stock, Shale Reserves Are Huge