Natural Gas Daily

Latest headlines by sector

Exploration & Production
Mauricio Macri’s victory promises a more market-friendly climate in Argentina. (PA)

Argentine shale gas bonanza beckons

Operators are driving down well costs and opening up a new growth phase in Argentina’s Vaca Muerta shale formation, Wood Mackenzie analysts tell Interfax.

Supply & Demand
PetroChina’s Dalian LNG terminal. Chinese imports of the fuel increased last month. (Interfax)

China prefers LNG to pipeline imports in October

China imported more LNG in October than a year ago, but overall volumes remain down for the year to date and pipeline purchases dipped slightly.

Woodside operations on Australia’s North West Shelf, near the Browse site. (Woodside)

Woodside times Browse to hit demand upswing

The hope that Asian demand for LNG will rebound early next decade is driving Woodside’s development of its major FLNG project.

Policy & Regulation
The Peterhead power plant, where Shell had planned to retrofit CCS technology. (Shell)

CCS funding cut to undermine UK gas policy

The UK’s last-minute cut to CCS funding has shocked the industry, undermining the government’s carbon targets and making the move to gas in power more challenging.

Companies & Finance
Many fossil fuel projects may be cancelled if the world is to keep within its 2C warming limit. (SXC)

Half a trillion dollars in gas capex must go – report

The Carbon Tracker Initiative says hundreds of billions of dollars’ worth of gas assets are at risk of being stranded if the world is to meet its 2C climate goal.

Global Markets
Noble Energy and Transocean rig in the Tamar field, between Cyprus and Israel. (Transocean)

Israel to open up offshore for exploration

Israel’s energy ministry has been given the go ahead to open up its offshore territory to explorers once its new gas regulatory framework comes into effect.

EU Energy Policy
A gas storage facility in Salzburg, Austria. The EU has a surplus of storage capacity. (Wintershall)

Low gas demand blocks EU infrastructure spend

A lack of demand and the prospect of poor returns are holding up investment in LNG import and gas storage facilities, according to industry figures.


Policy & Regulation

The COP21 climate talks: at a glance

Interfax highlights the key issues up for discussion at COP21, considered by some to be the most important negotiations ever held.

Supply & Demand

India’s gas consumption tops 4 bcm in October

India consumed more than 4 billion cubic metres of gas in October, up from 3.8 bcm in September, as a result of growing LNG imports.

EU Energy Policy

EU gas production down 35% in a decade

Gas production in the 28 EU nations combined fell by 34.6% between 2003 and 2013, according to Eurostat.


SHPGX pipeline sales up by 26%

Chinese wholesale LNG prices rose by 0.47% last week compared with the previous week, to $10.77/MMBtu.



The Port of Pemba in Mozambique. The country could learn much from PNG LNG. (Interfax) LNG

Mozambique has lessons to learn from PNG LNG

Michael McWalter, who has worked closely with Papua New Guinea throughout the development of its oil industry, speaks about the challenges for greenfield LNG projects in countries such as Mozambique.

Gas transmission infrastructure in Russia. Gazprom sold 52.1% of SPIMEX gas in the 12 sessions. (Gazprom) Policy & Regulation

St. Petersburg exchange poised for lift-off in 2016

The president of the St. Petersburg International Mercantile Exchange, Alexei Rybnikov, talks to Interfax about how the exchange will keep increasing its turnover of gas volumes next year and beyond.

The Gallina LNG tanker in Singapore. Asia is in need of a credible LNG price point. (Shell) LNG

Developing an Asian LNG spot price

The new Singapore SLInG index for spot LNG trading is the latest step towards establishing an Asian gas trading hub. Interfax talks to SLInG’s developers about its prospects.

A German coal power plant. Governments have failed to encourage switching from coal to gas. (E.On) Policy & Regulation

Oil firms not planning for carbon-limited future

Oil and gas companies are unprepared for the effect on demand of restraints on emissions, Luke Sussams from the Carbon Tracker Initiative tells Interfax.


Heading for the chop? Oil companies would do well to remember Bertrand Russell’s chicken. (PA) Policy & Regulation

Too chicken to change?

The fixation among independents is on when the oil price will recover, not on what will happen next time, when it may not.

A view of Ballylongford, County Kerry, near the Shannon LNG site. Hess is shipping out of Ireland. (Flickr/Joey Studts) LNG

Finding a buyer for Shannon LNG

Despite little market appetite for acquisitions, a sale could be on the cards for Ireland’s (nearly) site-ready LNG project.

Wildcat gives you a head-start on the coming week. Global Markets

Wildcat’s Pick of the Week

Wildcat gives you a head-start on the week and a round-up of what mattered last week.

Argentinian presidential candidate Mauricio Macri, who could probably use a drink once his campaign’s over. (PA) Policy & Regulation

Is Argentina’s glass half-full?

Mauricio Macri is the favourite to win Argentina’s presidential election on Sunday. However, his market-friendly policies have been light on detail.