Natural Gas Services' 15min chart triggers Bollinger Bands Expanding Downward, bearish Marubozu signal.

According to the 15-minute chart of Natural Gas Services, the Bollinger Bands have expanded downward, indicating a bearish trend. Furthermore, the presence of a bearish Marubozu candlestick pattern on October 2, 2025 at 10:15 suggests that the market is currently being driven by selling pressure, with sellers exerting significant influence. This suggests that bearish momentum is likely to persist in the near term.

The Republic of Congo is poised to pass a new natural gas code, aiming to spur foreign investments in the country. Minister of Hydrocarbons, Bruno Jean-Richard Itoua, announced the upcoming legislation at an African energy conference in Cape Town, as reported by Reuters DRC Set to Pass New Natural Gas Law to Attract Investments^[1]. The move comes as Congo, an OPEC member since 2018, seeks to diversify its energy portfolio beyond oil.

The new natural gas code is expected to facilitate the development of Congo's natural gas resources, which are currently underutilized. The country has recently seen success in gas project development, with Italy's energy major Eni launching the Congo LNG project in 2022 DRC Set to Pass New Natural Gas Law to Attract Investments^[1]. This project, the first natural gas liquefaction (LNG) project in the country, is set to significantly increase Congo's liquefaction capacity.

Eni's Congo LNG project is progressing on schedule, with the first floating unit, Tango FLNG, having begun production in December 2023. The project is expected to reach a total capacity of 3 million tons per annum (MTPA) by the end of 2025, with the addition of the Nguya FLNG ship DRC Set to Pass New Natural Gas Law to Attract Investments^[1].

In another significant development, the Republic of Congo awarded TotalEnergies and its partners QatarEnergy and the national company SNPC the Nzombo offshore exploration permit. The consortium plans to spud one exploration well by the end of 2025 DRC Set to Pass New Natural Gas Law to Attract Investments^[1].

These developments underscore Congo's commitment to leveraging its natural gas resources to drive economic growth. The new natural gas code is expected to provide a regulatory framework that will attract foreign investments, further boosting the country's energy sector.