ERHC Energy Inc (ERHE)

[Curious62]

TOTAL is a big gas player. Most big players are both oil and gas companies.

Gas is much more difficult to transport to a distant market than oil. The conversion to LNG for shipping is very expensive. Currently in North America, gas sells at a discount to oil due to the significant new (huge)resource base attributed to "shale gas". In the Far East, Korea, Japan and China pay a LNG "premium" vs oil. New LNG is coming on line in Australia and Siberia soon. The Chinese had no equity interest in those projects.