Dec. 7 (Bloomberg) -- Algeria's local natural gas consumption will reach between 49.6 billion and 67.1 billion cubic meters in a decade, the Regulatory Commission for Electricity and Gas in the North African country said. Consumption this year will be 27.4 billion cubic meters, 7 percent higher than a year earlier, as new projects requiring natural gas for fuel came on stream, the commission said in a statement today. The oil and gas producer is targeting production of 86 billion cubic meters of gas by 2010.
Dec. 7 (Bloomberg) -- Algeria's local natural gas consumption will reach between 49.6 billion and 67.1 billion cubic meters in a decade, the Regulatory Commission for Electricity and Gas in the North African country said.
Consumption this year will be 27.4 billion cubic meters, 7 percent higher than a year earlier, as new projects requiring natural gas for fuel came on stream, the commission said in a statement today.
The oil and gas producer is targeting production of 86 billion cubic meters of gas by 2010.
Even though we have a general assets and prices deflation trend, and some people are forecasting oil down to $25, we should actually energy prices to go up?
Doesn't it depend on the demand destruction caused by the collapse of the economy? Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
