The onshore gas terminal for India’s KG-D6 project. (Niko Resources) Policy & Regulation

India’s Goods and Services Tax is bad news for gas

Gas is likely to be the loser when India’s new GST regime comes into force in July, with profit margins in danger of being squeezed.

By Garima Chitkara 19 June 2017
LNG

Indonesia’s Arun LNG to keep cheap gas at home

Pertamina is waiting for the Indonesian government to approve the development of a plan to convert the Arun LNG liquefaction plant into a receiving terminal

20 December 2011
Exploration & Production

Indonesia hopes to arrest falling output with new contracts

Indonesia has signed 13 new oil and gas co-operation contracts with several international companies such as Hess, BP and Statoil, the country’s upstream oil and gas regulator BPMigas announced on Monday.

19 December 2011
Supply & Demand

Tamar and Leviathan

Israel has offered to export gas from its Tamar and Leviathan fields to India, The Economic Times reported on Monday, following Israeli Finance Minister Yuval Steinitz’ visit to Israel last week.

19 December 2011
African nations have turned to China and India for investment in the oil and gas sector. (PA) Policy & Regulation

India ready to battle China for African assets

After years of losing out to Chinese companies in races for oil and gas assets around the world, India is now focusing on beating its Asian rival in African countries.

16 December 2011
Exploration & Production

BAPEX still waiting on Sinopec for exploration deal

Bangladesh Petroleum Exploration & Production (BAPEX) is still waiting for China’s Sinopec to finalise the details of a $100 million exploration and production partnership in the Bangladeshi Chittagong region that was due to start in early 2012, a BAPEX official told Interfax.

16 December 2011
The majority of Japan’s nuclear reactors were taken offline following the Fukushima disaster. (PA) LNG

Japan’s LNG demand is 'not sustainable'

Japan’s post-Fukushima energy policy is “not sustainable” because of the escalating cost for utilities, Daisuke Harada, a senior economist at state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC) has told Interfax.

15 December 2011
Exploration & Production

Montara delay

Thailand’s state-run PTT Exploration and Production may have to delay the start of its operations at the Montara field off the coast Australia to the third quarter of 2012, depending on the Australian government’s approval process and cyclone season, Chief Executive Anon Sirisaengtaksin told Reuters on Thursday.

15 December 2011
LNG

Indonesia abandons LNG import plans to supply planned regas projects

Dwindling gas resources and rising domestic demand have trapped Indonesia between meeting the need for gas at home and exporting LNG to support economic growth.

15 December 2011
LNG

Tenaga Nasional planning to buy LNG on open market

Malaysia’s Tenaga Nasional Bhd (TNB) is planning to buy LNG at market prices once Petronas’ LNG terminal is complete next year, the Bernama news agency reported on Wednesday.

14 December 2011
Policy & Regulation

India keen to bolster relationship with Russia

India’s announcement last week that it had met with Russian officials to express an interest in investing in projects such as Gazprom’s Sakhalin-3 signalled the Asian country’s eagerness to secure Russian gas supplies.

14 December 2011
Supply & Demand

Japan’s electricity generation consumes 4.11 million tons of LNG in November

The 10 largest Japanese electricity companies consumed 4.11 million tons of LNG in November, according to figures released online by the Federation of Electrical Power Companies of Japan (FEPC) on Tuesday.

13 December 2011
Exploration & Production

Bangladesh hopes to begin shale search next year

The government of Bangladesh plans to begin evaluating the country’s shale gas potential around March next year with the help of an international consultant, the head of the Energy & Mineral Resources Division’s Hydrocarbon Unit told Interfax on Monday.

12 December 2011
Companies & Finance

Mercuria signs off on $755 mln syndicated revolving debt facility

Global energy trader Mercuria has signed off on a $755 million syndicated revolving debt facility with 29 lenders through its Singapore subsidiary.

9 December 2011
Companies & Finance

Lenders emerge for $30 bln Ichthys LNG project

Lenders to the $30 billion Ichthys LNG project offshore Australia are beginning to emerge. Interfax has already reported that the three big Japanese banks, Mizuho, SMBC and BTMU, are likely to provide up to $6 billion of the $13.5 billion in debt required by lead sponsor Inpex.

9 December 2011
Companies & Finance

Bumi Armada subsidiary closes $341.1 mln debt facility with seven lenders

A subsidiary of Malaysia's Bumi Armada has closed a $341.1 million debt facility with a seven-strong club of lenders to finance the development of the Armada floating, production, storage and offloading (FPSO) vessel for use at a field in Vietnamese waters.

9 December 2011
Exploration & Production

Pakistan aims for new licensing round in early 2012

Pakistan should complete its upstream licensing policy reform within a month, promising better pricing terms for offshore explorers and paving the way for a new bidding round shortly after, a senior official in the Ministry of Petroleum & Natural Resources told Interfax on Thursday.

9 December 2011
Cairn India’s focus is still on its home country’s exploration potential. (Cairn) Exploration & Production

Sri Lanka finds may strengthen Cairn India’s South Asia reach

With the government’s long-awaited approval for a new owner, and two new discoveries in Sri Lanka, Cairn India is ‘a company to watch’ over the coming years.

9 December 2011
Global Markets

India and Africa

The long-term partnership between India and African countries in the hydrocarbon sector is “poised” to grow stronger because of their mutual interests, Indian Minister of Finance Shri Pranab Mukherjee said in a speech at the India-Africa Hydrocarbon Conference on Friday.

9 December 2011
Exploration & Production

Indonesia awards oil, gas and CBM blocks

Indonesia’s Ministry of Energy and Mineral Resources has awarded exploration permits for six conventional oil and gas blocks and seven coal-bed methane (CBM) blocks, for a combined investment of $73.8 million, the ministry announced on Wednesday.

7 December 2011
The Japanese government has imposed strict stress tests on nuclear facilities following the disaster at Fukushima. (PA) Supply & Demand

Japanese 2011 LNG imports on track to reach 78 million tons

Japan is on track to import a total of 78 million tons of LNG in 2011 as uncertainty over the future of its nuclear capacity continues and, even with some nuclear back online, 2012 could see it approaching import capacity

6 December 2011

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