Daily News Article - March 23, 2006
1. a) What is LGN?
b) Describe the joint venture between Petro-Canada and Gazprom.
2. What caused the recent 4% decline in natural gas produced in the U.S.?
3. Why hasn't a U.S. company tried to make a deal with Gazprom similar to Petro-Canada's?
4. How does the sale of natural gas differ from oil?
5. List the countries that are the three largest producers of natural gas.
6. What is the approximate amount of natural gas consumed in the U.S. each year? (NOTE: The 3.5 trillion cubic feet of gas the U.S. gets from Canada equals 16% of our consumption.)
7. What are the two main challenges Petro-Canada faces before it can import natural gas into Canada?