Benefits of Gas Price Differences from Europe and the U.S.

Image from the Tribune.

Image from the Tribune.

February 17, 2014

By Dr. Tyra OldhamLANDsds Sustainable Voice News

As energy is dependent on a globalized economy the interest of activities in the EU are significant to the price of gas. The relevance is set for an eye on energy security and investment producing an vital nexus between energy and economy. The news of the “Great East Energy Benefits From European Gas Prices That Are Three Times Higher Than in the U.S.” has global implications.

The press release provided “NEW YORK, NY and KIEV, UKRAINE via eTeligis Great East Energy, Inc.  (via eTeligis.com) (OTCQB:GASE)(the “Company”), which controls over 160 square miles of producing clean energy holdings through two local operating companies, is benefiting from the significant price gap between U.S. and Europe for natural gas. As reported in the Financial Times, “European gas import prices are at present about three times higher than in the U.S.  Great East Energy with its estimated gross total reserves of 47 billion cubic feet (BCF) of natural gas in the GASE license area is currently selling its production to local customers at those higher rates,” report IT Business Net.

The report indicates, “GASE is publically traded in the U.S. and is a fully-reporting company with the SEC whose wholly-owned subsidiary controls two companies which have been producing gas since 2003, own two gas processing facilities, and over eight miles of gas pipelines to their customers. GASE owns operating and distributing unconventional gas companies in the Dnieper-Donets Basin of Ukraine in Middle Europe, with current production and infrastructure already in place. GASE’s 162-square mile property has seven major dome structures, and according to its prior owners, has already produced nearly one billion cubic feet of gas. Twelve core wells and five vent-wells have been drilled on the producing domes to confirm the presence and production of gas. GASE’s assets are surrounded by Royal Dutch Shell’s Yuzivske gas field comprising nearly 8,000 square kilometers, which was the featured asset in a USD$10 billion contract signed by Ukraine at Davos, Switzerland in 2013.”

The access to affordable energy is as economics pegged to pricing beyond the borders of its supply. I hold true that the most important issue to be solved in accessible and affordable energy that is reliable and secure. The implications of inefficient sourcing, processing and transportation of energy leads to cost, infrastructural and safety fluctuations with profound impact on economies.  The press is not content fodder but an opportunity to remain keenly aware of the global nexus of energy and managing the infrastructural requirements for a dynamic economy.

More information:

CONTACT : www.greateastenergy.com John Mattio +1 646 248-5515 ir@greateastenergy.com
SOURCE: Great East Energy, Inc.

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