The onshore terminal for the KG-D6 block. Output from the block has been lower than expected. (Niko Resources) Pipelines, Storage & Power

End of gas power subsidies will hit Indian demand

The end of a subsidy for LNG used by the power sector could reduce India’s demand for gas as a whole, industry players and experts say.

By Garima Chitkara 21 April 2017
Companies & Finance

European, Chinese firms keen on advisory role for Iran-Pakistan pipeline

Pakistan’s Inter State Gas Systems (ISGS) has so far heard back from “several” European and Chinese companies and domestic banks interested in providing financial advisory services for the construction of the Iran-Pakistan gas pipeline, Ijaz Ul Haq, chief financial manager for ISGS, told Interfax today.

16 August 2011
Exploration & Production

PetroVietnam gets green light for 50% production boost

State-controlled company PetroVietnam has reportedly received approval from the country’s government to increase its oil and gas production by up to 50% over the next four years.

16 August 2011
Pipelines, Storage & Power

India, Turkmenistan strike bilateral gas price deal for TAPI supplies

India and Turkmenistan have struck a bilateral agreement on the gas sales price for gas sold through the planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, bypassing Pakistan and its push for a uniform gas price, according to a news report on Sunday.

15 August 2011
Exploration & Production

India’s ONGC boosts overseas oil and gas output

India’s state-owned Oil & Natural Gas Company (ONGC) has started producing gas in Syria and Brazil and boosted output from its existing assets in Russia and Vietnam, bringing its total overseas production up by 7.7% since fiscal year 2008-2009, the Indian Ministry of Petroleum & Natural Gas said on Thursday.

12 August 2011
Companies & Finance

Pakistan’s OGDCL sees oil and gas sales rise for 2010-2011

Pakistan’s state-owned Oil and Gas Development Company Limited (OGDCL) posted a 9.2% year-on-year rise in its oil and gas net sales between June 2010 and June 2011, the company announced today.

12 August 2011
Exploration & Production

CNPC touts Sulige gas field's most productive horizontal well

China National Petroleum Corp.'s (CNPC) 130 horizontal wells at Sulige Gasfield in the Inner Mongolia Autonomous Region boast an average daily output of 65,000 cubic metres (2.3 million cubic feet), but the field's most prodigious well has a daily output of 205 thousand cubic metres (Mcm), CNPC announced on 12 August.

12 August 2011
Policy & Regulation

Cairn India’s cautionary tale

India’s demand that Cairn Energy pay royalty fees on its oil and gas assets before selling its Cairn India shares highlights the government’s tendency to shift goalposts and change rules in order

12 August 2011
Policy & Regulation

Pakistan’s gas price hike will raise industry’s energy costs, group says

The Pakistani government’s decision to raise subsidised consumer gas tariffs by 13.55% will lead to higher electricity prices for most industrial producers at a time when the country should be spurring economic growth by reducing the cost of doing business, the Islamabad Chamber of Commerce & Industry (ICCI) has said.

11 August 2011
Exploration & Production

BPMigas approves significant project investments

BPMigas, Indonesia’s upstream regulator, announced today that it had secured $4.7 billion worth of investment for at least 10 large projects due to come on-stream between 2011 and 2014.

11 August 2011
The Trans-ASEAN pipeline is a necessity for a country as resource poor as Singapore. (PA) Pipelines, Storage & Power

Trans-ASEAN pipeline may take a miracle

Gas demand in Asia will triple by 2035, but can the ASEAN nations overcome their differences to complete TAGP?

10 August 2011
Supply & Demand

TAPI pipeline should extend to India’s neighbours, SAARC argues

The long-planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline should extend from India to Bangladesh, Nepal, Sri Lanka and Bhutan to help fill growing gas shortages in those countries, the South Asian Association for Regional Cooperation has recommended.

10 August 2011
Supply & Demand

Tepco ups LNG use for power generation for 5th month in July

Tokyo Electric Power Co (Tepco) has increased its use of LNG in order to generate power for the Japanese market, Reuters reported on 9 August.

9 August 2011
Exploration & Production

Indian government approves BP-Reliance deal

Indian energy major Reliance Industries today received approval from the Indian government for the $7.2 billion sale of its oil and gas blocks to BP.

9 August 2011
LNG

PetroVietnam negotiating LNG import deal with Qatargas

Vietnam’s state-owned PetroVietnam Gas Corp. (PV Gas) is in talks with Qatargas about supplying LNG for the country’s first LNG regasification and storage terminal, which is scheduled to begin operating in late 2013, PV Gas said on Friday.

8 August 2011
Policy & Regulation

Pakistan approves 13.55% gas price hike

Pakistan’s Oil & Gas Regulatory Authority has decided to raise the country’s gas tariffs for consumers by 13.55%, siding with a petition from state-owned Sui Northern Gas Pipelines Limited and Sui Southern Gas Company, an OGRA official told Interfax today.

8 August 2011
Exploration & Production

BP plans further Tangguh expansion

Indonesia’s upstream regulator BPMigas said on Friday that BP has discovered enough reserves to give the go-ahead for a LNG train at its Tangguh gas field.

8 August 2011
Exploration & Production

Bangladesh’s Petrobangla OKs ConocoPhillips’ E&P plan

Bangladeshi state-owned Petrobangla has approved a one-year work plan with United States oil and gas major ConocoPhillips to carry out seismic surveys in the deepwater areas of the Bay of Bengal, according to a local media report.

5 August 2011
LNG

Pakistan offers conditional licence for LNG terminal construction

Pakistan’s Oil and Gas Regulatory Authority (OGRA) has issued a “conditional construction licence” for an LNG terminal to Turkey’s Global Energy Infrastructure without holding the mandatory public hearings on the firm’s application, the Pakistani newspaper Dawn reported today.

4 August 2011
The Bangladeshi government will need to reform its gas price subsidies to order to entice foreign investment in oil and gas. (PA) Supply & Demand

Bangladesh: It’s time to entice the foreign bigwigs

The Bangladeshi government will need to drastically reduce its gas price subsidies to order to entice foreign investment in oil and gas.

4 August 2011
Pipelines, Storage & Power

CNPC sets start date for Myanmar-Thailand pipeline project

The China Petroleum Pipeline Bureau, a unit of China National Petroleum Corp. (CNPC), will on 20 December begin construction of a 74.5 km pipeline linking the offshore Zawtika Natural Gas Project in Myanmar to Thailand's pipeline network, CNPC announced on 3 August.

4 August 2011

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