Louisiana Light • 3 days | 93.55 | -0.08 | -0.09% | |||
Bonny Light • 2 days | 96.23 | -1.40 | -1.43% | |||
Opec Basket • 3 days | 97.48 | +2.17 | +2.28% | |||
Mars US • 1 day | 88.89 | -0.92 | -1.02% | |||
Gasoline • 1 day | 2.440 | -0.065 | -2.61% |
Bonny Light • 2 days | 96.23 | -1.40 | -1.43% | |||
Girassol • 2 days | 97.26 | -1.46 | -1.48% | |||
Opec Basket • 3 days | 97.48 | +2.17 | +2.28% |
Peace Sour • 1 day | 86.21 | -1.97 | -2.23% | |||
Light Sour Blend • 1 day | 86.71 | -1.97 | -2.22% | |||
Syncrude Sweet Premium • 1 day | 95.31 | -1.97 | -2.03% | |||
Central Alberta • 1 day | 84.51 | -1.97 | -2.28% |
Eagle Ford • 3 days | 88.19 | +1.32 | +1.52% | |||
Oklahoma Sweet • 3 days | 88.25 | +1.25 | +1.44% | |||
Kansas Common • 4 days | 84.00 | +3.25 | +4.02% | |||
Buena Vista • 4 days | 98.88 | +2.54 | +2.64% |
Iran announces plans to build…
After finishing at a seven-week high on…
British auditors Gaffney, Cline and Associates have reported that Turkmenistan's South Iolotan natural gas field is the world's second largest, estimated to hold up to 21.2 trillion cubic meters of natural gas.
Â
In 2008 Gaffney, Cline and Associates made a previous estimate placing South Iolotanâs natural gas reserves at between 4 trillion and 14 trillion cubic meters, which was widely derided at the time but in hindsight seems to have been on the conservative side.
Â
Gaffney, Cline and Associates business development manager Jim Gillett remarked, "Turkmenistan's gas reserves are more than enough for any potential demand over the foreseeable future, whether it be from China, Russia, Iran or Europe. The current estimated reserves for both South Iolotan and Yashlar may well increase still further as additional data is acquired." Gaffney, Cline and Associates estimate that Yashlar, a separate natural gas field, could contain between 1.45 and 5 trillion cubic meters.
The new audited reserves put South Iolotan in second place in the world after the Persian Gulfâs South / North Pars natural gas field and is larger than Russian state owned Gazpromâs Urengoy natural gas field, containing an estimated 7 trillion cubic meters of reserves, Moscowâs Kommersant business newspaper reported.
Â
By. Charles Kennedy, Deputy Editor OilPrice.com
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com