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Nuvista Energy Ltd NUVSF


Primary Symbol: T.NVA

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.


TSX:NVA - Post by User

Post by Carjackon Jun 30, 2023 9:06am
60 Views
Post# 35521958

Greek Gas Grid Says 27 Companies Interested in Booking Futur

Greek Gas Grid Says 27 Companies Interested in Booking Futur

(Reuters) — Greece has received interest from 27 U.S. and European companies in booking future capacity at its gas grid, which would allow them to import and export gas to Europe via the country in the coming decades, grid operator DESFA said on Thursday.

Greece has become a key transit route for gas in Europe thanks to a liquefied gas facility off Athens, which saw increased traffic from around the world after the war in Ukraine cut flows of Russian gas to the continent.

It also has gas interconnections with Bulgaria and Turkey, while several floating storage and gas regasification units are either being built or in the pipeline.

DESFA launched in March a market test to sound out interest from companies in booking future capacity at the grid's entry and exit points, citing a rising number of requests.

Companies from Greece, Bulgaria, Romania, Austria, Hungary, Slovakia, Germany, Cyprus, North Macedonia and the U.S. have requested capacity allocation to import and export gas from next year up to 2050, both through existing and new entry points, DESFA said in a statement.

The current expressions of interest have been non-binding. The binding phase is expected to start in 2024 and will conclude with capacity allocation to bidders which meet specific criteria, DESFA said.

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