Rising natural gas prices in Europe and the United States amid fears of supply shortages


NEW YORK, December 29, 2021 / PRNewswire / – that of Russia inactive Nord Stream 2 pipelines and cold weather forecast until the end of December caused European natural gas futures rally and sent US natural gas futures up 4% Monday. The 11% rise in European gas prices is expected to keep US exports of liquefied natural gas (LNG) at record levels. In recent months, global gas prices have reached record highs as utilities around the world have rushed for LNG shipments from the United States and elsewhere to replenish low stocks in Europe and meet the growing demand for Asia, where energy shortages caused blackouts in China. With gas prices around $ 35 by mmBtu in Asia and $ 38 in Europe, against about $ 4 in the United States, buyers around the world are likely to continue to buy all the LNG the United States can produce. Amid this storm of rising natural gas prices, skyrocketing demand and tight supply, natural gas companies such as NG Energy International Corp. (TSXV: GASX) (OTCQX: GASXF), Camber energy (NYSE: CEI), Callon Oil Company (NYSE: CPE), Ecopetrol (NYSE: EC), and Baytex Energy Corp. (TSX: BTE) could see massive gains for shareholders as they take advantage of increased cash flow.

NG Energy International Corp. (TSXV: GASX) (OTCQX: GASXF) continues to make decisive progress towards the production of its project Maria Conchita in Colombia.. The Company has just announced the completion of the production facilities and the 14 km pipeline connecting Maria Conchita to the national pipeline infrastructure. Once the tests of the installations are completed and a production license granted, the Company will be able to commission the Aruchara-1 well. In September of this year, GN energy Also announcement The National Environmental Licensing Authority has approved the development of 22 wells under the company’s SINU-9 project. SINU-9 is a large 311,353 acre block adjacent to Canacol Energy (TSX: CNE), that of Colombia largest independent producer of natural gas, which produced 183 MMSCFPD in 2021 next door.

In order to accelerate the milestones, NG Energy firm a private placement without intermediary in October for gross proceeds of 8 million Canadian dollars to help accelerate the Company’s fully funded 4-well drilling program at SINU-9. The money raised will allow the Company to build the necessary roads and drilling platforms simultaneously rather than consecutively, saving several weeks per well. This will also allow GN energy install a capillary dewatering system at the Istanbul-1 well at Maria Conchita which should allow the well to be completed and put into production.

NG Energy the focus on natural gas places the company in a strategic position to take advantage of the global energy transition to renewable energies, while harnessing that of Colombia gas market at increased price. For more information on NG International Corp. (TSXV: GASX) (OTCQX: GASXF), Click here.

Natural gas companies prioritize shareholder value

Camber Energy (American NYSE: CEI), a supplier of customized energy solutions to commercial and industrial organizations, has obtained an exclusive intellectual property license for a patented carbon capture system. This acquisition of UP will position the company as a leader in helping other businesses meet their power generation needs while reducing their carbon footprint in accordance with regulatory requirements. Thanks to the intellectual property agreement, Camber energy will have access to ESG Clean Energy LLC’s patent rights and knowledge in stationary power generation and the use of heat to capture carbon dioxide.

Callon Petroleum Company (NYSE: CPE) accelerates its shareholder value with the acquisition of Primexx Energy Partners. The company announced an agreement to acquire the leasehold interests and gas, oil and infrastructure assets of Primexx, a private oil and gas company in the Delaware Bowl. By agreement, Callon Oil will be positioned to deliver long-term shareholder value while strengthening its financial position. This acquisition also supports the company’s development projects in the Delaware basin with Primexx infrastructure providing 300 additional identified core network locations.

Ecopetrol (NYSE: EC) reported a 10.2% increase in its natural gas production in the first half of 2021 and a net profit of 9,400 billion COP, making it the best quarter to date for the Ecopetrol group. The company also strengthened its position in the Asian market with the incorporation of a company in Singapore. On the exploration front, the company completed the drilling of 8 wells in the first half of 2021 with cumulative production of 908,535 for exploration assets.

In an update to its Clearwater Assessment Program, Baytex Energy Corp. (TSX: BTE) announcement that the program exceeded company expectations with high production results. The program increased its production from zero by January 2021 at over 2,300 bbl / d in August. The company also expanded its partnership with the Peavine Metis Settlement, increasing its positions to 80 contiguous sections. The company also plans to drill two more clean water wells later this year and expand 12 to 18 wells in 2022.

Natural gas companies such as NG Energy International Corp. (TSXV: GASX) (OTCQX: GASXF) are positioned to deliver more shareholder value as the global energy crisis spreads amid growing demand for winter.

For more information on NG Energy International Corp. (TSXV: GASX) (OTCQX: GASXF), Click here.

DISCLAIMER: Microsmallcap.com (MSC) is the source for the article and content set forth above. References to an issuer other than the profiled issuer are intended only to identify industry participants and do not constitute an endorsement of an issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and information dissemination service provider, which distributes electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned in this document. The comments, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not in any way reflect the views or opinions of FNM. Readers of this article and its content agree that they cannot and will not seek to hold MSC and FNM responsible for the investment decisions of their readers or subscribers. MSC and FNM and their respective affiliates are a provider of financial marketing and information dissemination solutions and are NOT registered brokers / analysts / investment advisers, do not hold any investment license and may not sell, offer sell or offer to buy securities.

The article and content related to the profiled company represent the personal and subjective opinions of the author (MSC) and are subject to change at any time without notice. The information provided in the article and the content has been obtained from sources which the author considers reliable. However, the author (MSC) has not independently verified or investigated all of this information. None of the authors, MSC, FNM or any of their respective affiliates guarantees the accuracy or completeness of this information. This article and its contents are not and should not be construed as investment advice or as a recommendation regarding any particular safety or course of action; Readers are strongly encouraged to speak with their own investment advisor and review all documents filed by the profiled issuer with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with investing in the securities of the profiled issuer, including, but not limited to the total loss of your investment. FNM has not been remunerated by any public company mentioned in this document to distribute this press release but has been remunerated twenty five hundred dollars by MSC, an unaffiliated third party to distribute this release on behalf of NG Energy International Corp.

FNM DOES NOT HOLD ANY SHARES OF ANY COMPANY NAMED IN THIS PRESS RELEASE.

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made in accordance with the sphere of security. provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results or strategies and are usually preceded by words such as “may”, “future”, “plan” or “planned”. “,” Will “or” should “,” expected “,” anticipate “,” draft “,” possibly “or” expected “. You are cautioned that these statements are subject to a multitude of risks and uncertainties which could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ. substantially from those projected. in forward-looking statements due to various factors and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other documents filed by that company with the Securities and Exchange Commission. You should take these factors into account when evaluating the forward-looking statements included in this document and not place undue reliance on such statements. The forward-looking statements contained in this press release are made as of the date hereof, and MSC and FNM do not undertake to update such statements.

Media contact:
FN Media Group, LLC
[email protected]
+1(561)325-8757

SOURCE Microsmallcap.com


Comments are closed.