Category: Oil and Gas business

Agreement to be signed between a shipper (company that has purchased certain quantities of natural gas) and the transmission system (in Israel INGL) to transport the shipper’s gas on the terms and conditions set out in the agreement

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Derived annually by dividing gross natural gas withdrawals from gas wells by the number of producing gas wells on December 31 and then dividing the quotient by the number of days in the year.

Shaped to a large degree by three major tectonic events: Late Triassic-Jurassic extensional rifting; Senonian (Late Cretaceous) compression and inversion; and Neogene transtensional and compressional tectonics (Neotectonics).

Routine sampling of the natural gas in pipelines ensures its quality, and may also indicate corrosion of the interior of the pipeline, or the influx of contaminants.

Gazprom, largest natural gas company in the world, intends entering the LNG field, in which it has hitherto not been involved until 2009. Gazprom’s goal is to produce 90 million tons of LNG by 2030 or 25% of world production by that date. Gazprom intends investing 65 billion dollars by this date. It is believed that most of the supplies for its LNG projects will be sourced from two fields in which Gazprom is a partner with other international companies: Shtokman and Sakhalin-2. Russia’s move to control 25% of the world’s LNG market by 2025 is fuelled by the Shtokmanovskoye and Sakhalin-2 LNG projects, as total output is earmarked to reach 49.9-73.3 million tons per year. Russia’s first LNG plant was completed in October 2008. In February 2009 Russia opened its first LNG plant to supply LNG to Asia and the West Coast of the US. The LNG plant is part of the Sakhalin II development >

An independent corporation that buys natural gas from many producers, re-sells it to buyers, and obtains the necessary pipeline transportation capacity and removal/export permits and licenses. Marketers usually sell to buyers that individually require large amounts of natural gas, such as local distribution companies and large industrial customers. In principle the משווק is a shipper in so far as his obligations regarding the Transportation Agreement with INGL and with the distribution licensees are concerned, whilst vis-à-vis the consumers he is a marketer, since he is the entity that purchases the gas from the gas supplier and markets/sells it to those consumers that cannot operate alone vis-à-vis the supplier