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Thursday, April 9, 2009

Shell, Gazprom Sign Gas Deal

An interesting part of this deal is how Shell will provide Gazprom the ability to transport their product through their LNG terminal in Baja California, Mexico, to Southern California.

Gazprom is trying to make a very serious entry into the American natural gas market, which is dominated by the U.S. who has the most proven reserves in the Americas. Perhaps Gazprom could provide so much natural gas at lower prices that U.S. natural gas companies go out of business? Share

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