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Russia, China sign gas deal worth $400 billion

Date:
May 21, 2014
Source:
AP / Powered by NewsLook.com
Summary:
China signed a long-awaited, 30-year deal on Wednesday to buy Russian natural gas worth 400 billion US dollars in a financial boost to the diplomatically isolated Russian President Vladimir Putin. (May 21) Video provided by AP


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last updated on 2014-11-27 at 1:52 pm EST

Possible Natural Gas Squeeze in Europe Won't Hurt U.S. Prices

Possible Natural Gas Squeeze in Europe Won't Hurt U.S. Prices

TheStreet (May 14, 2014) — While threats by Russia's Gazprom -- a majority state-controlled natural gas extractor -- to cut gas deliveries to Ukraine rise, American investors should know such action won't hurt prices in the United States. GFI Group senior energy derivative trader Elliot Warren tells TheStreet's Joe Deaux that traders aren't worried about U.S. prices because we can't export natural gas abroad and we can't make up for a European supply problem. Warren, speaking about the recent trade in natural gas, says prices have dipped back down to $4 after spiking during the winter. Warren says natural gas inventories will build during the summer, which will suppress price increases. Video provided by TheStreet
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Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

TheStreet (July 11, 2014) — Gas Natural, the Ohio-based company mired in scandal, was recently talking to prospective buyers about a sale, but talks came to a screeching halt when former CEO Richard Osborne filed a lawsuit against the company. The scandal started back in November when Ohio regulators ordered an investigation into Gas Natural. In May, the company announced that Osborne would be retiring and his son would take the reins. Late last month, Osborne Senior struck back, filing a lawsuit against the company. The suit has forced Gas Natural to put the sale on the back burner, but sources say that as soon as the matter is settled, the company will once again be on the prowl for a buyer. Even with the controversy surrounding the company, there will be no shortage of buyers as there is an intense level of interest in the gas local distribution space. Similar companies that have recently traded hands have fetched rich ebitda multiples of 10.5 times. With about $20 million in ebitda last year, Gas Natural could easily fetch north of $200 million in a sale. Video provided by TheStreet
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Airbus Trumps Boeing With $21 Billion in Farnborough Orders

Airbus Trumps Boeing With $21 Billion in Farnborough Orders

TheStreet (July 15, 2014) — It is day two of the Farnborough Air Show and jetmakers are raking it in. But some have been winners more than others. Airbus Group has a lead over Boeing after receiving a string of orders which totaled a record $21 billion. Of those announced, SMBC Aviation filed a major order for 115 A320 aircraft, worth around $11.8 billion, an order for 43 A320 aircraft from BOC Aviation, a subsidiary of Bank of China, and deals from leasing companies Air Lease Corporation and IAG for a combined 105 aircraft. Boeing could hit back though. The company is reportedly close to inking $9.2 billion in deals. TheStreet's Keris Lahiff reports from New York. Video provided by TheStreet
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Keystone Completion, Pipeline Explosion Creating Energy Opportunities

Keystone Completion, Pipeline Explosion Creating Energy Opportunities

TheStreet (Feb. 20, 2014) — Capital spending on gathering, storage and pipeline shipping of natural gas is expected to reach $34.5 billion by 2022 compared with $18.9 billion this year, says Ed Deicke, Managing Partner at JHS Capital Advisors. The shift to natural gas manufacturing and vehicles will also have a positive impact on the US economy over the next ten years and is currently creating investment opportunities in the energy sector, says Deicke. Finally, lower gas prices due to the eventual completion of the Keystone Pipeline will give the economy and US consumer an added lift. Video provided by TheStreet
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