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
LNG

Salamander Energy agrees 20-year supply contract with Indonesian power company

Salamander Energy has agreed a 20-year gas supply contract with Indonesian state-owned power company, PT PLN (Persero), at a price of $4.79 per thousand Btu (MBtu), the company said on Tuesday.

28 June 2011
Supply & Demand

Thailand’s PTT to import more LNG

Thailand's state-owned PTT plans to import more LNG to offset the gas supply loss from a leaking pipeline, the energy conglomerate said in a statement to the Stock Exchange of Thailand today.

27 June 2011
Exploration & Production

China, Vietnam to speed up negotiations on maritime dispute

Chinese and Vietnamese authorities have agreed to speed up negotiations in order to settle a maritime dispute over oil and gas exploration in the South China Sea, they said on Sunday.

27 June 2011
LNG

Inpex ‘close’ to finalising buyers for full Ichthys LNG offtake

The Ichthys LNG project in northern Australia is “close” to securing buyers for its full 8.4 million tons per annum (mtpa) output, operator Inpex said in a statement on Friday.

24 June 2011
Exploration & Production

ONGC fires back at Cairn letter

Oil and Natural Gas Corp.’s (ONGC) response to a Cairn India letter stated that the Krishna Godavari Block DWN-98/2 has estimated gas reserves of 101 billion cubic metres and the company has already submitted a conceptual development plan to the Indian government.

23 June 2011
Exploration & Production

Japan’s Inpex to go ahead with Indonesian Ruby field

Japan’s oil and gas company Inpex has decided to go ahead with the development of the $500 million Ruby gas field, located in the Sebuku Block offshore Indonesia, it said on Tuesday.

21 June 2011
Exploration & Production

OGDC release reserves figures

Pakistan’s Oil and Gas Development Corporation (OGDC) has gross proven gas reserves of 6 trillion cubic feet (0.1699 trillion cubic metres), the company’s auditors said Sunday, with 2.6 tcf (0.0736 tcm) net to OGDC.

20 June 2011
LNG

Pluto LNG delays continue

Australia’s Woodside has delayed the start-up of its Pluto LNG project as construction delays and weather problems push back the company’s original schedule.

17 June 2011
Exploration & Production

India’s petroleum ministry criticised

India’s Comptroller and Auditor General (CAG) has criticised the country’s petroleum ministry for allegedly showing undue favour to private companies including Reliance Industries and Cairn Energy, local newspaper Business Standard said today.

16 June 2011
Exploration & Production

Gazprom and Pakistan’s Shahzad discuss projects

Gazprom Export is in discussions with Pakistan’s Shahzad International, a privately held group that includes Pakistan companies from the energy sector, about the possibilities of taking part in oil and gas projects, Gazprom said. Discussions were held during the Pakistan delegation visit to Moscow.

16 June 2011
The KG D6 floater rig of Reliance Industries in the Krishna Godavari Basin, Bay of Bengal. (Reliance) Supply & Demand

Meeting India’s gas demand

Time is running out for India’s gas market. Domestic gas production is falling short of the power demands of its rapidly growing economy, while LNG imports are hobbled by insufficient infrastructure

10 June 2011
Exploration & Production

Wood Group Wagners secures GLNG contract

Wood Group Wagners, a joint venture between UK-based Wood Group and Australia’s Wagners, has secured a A$40 million ($42.33 million) project management contract for the Gladstone LNG (GLNG) pipeline project in Queensland, Australia.

9 June 2011
LNG

Gail to invest in power plants

The board of Indian gas transmission and marketing company Gail has given approval for the company’s first investment in a gas-fired power station, local newspaper The Business Standard reported today.

7 June 2011
How long can it continue to export its gas resources and enjoy high prices, reliable customers, foreign investments in resource development, and enhanced diplomatic relations with buyers? (PA) Exploration & Production

Indonesia’s LNG exports make way for domestic market

A growing economy, dwindling gas resources and high oil prices are leading Indonesia, the world’s third largest LNG exporter, to reduce exports and use its own LNG production to meet domestic demand.

7 June 2011
LNG

Saipem and Chiyoda sign joint venture deal

Italy’s Saipem has signed a co-operation agreement to develop onshore LNG and other upstream projects with Chiyoda Corporation, a Japanese engineering group.

6 June 2011
Companies & Finance

Reliance shares fall after AGM

Shares in Reliance Industries fell today as investors were disappointed with comments made by chairman, Mukesh Ambani, at the company’s 37th annual general meeting (AGM) of shareholders in Mumbai.

3 June 2011
Companies & Finance

ONGC reports drop in Q4 earnings

India’s Oil & Natural Gas Corp. (ONGC) reported a 26% drop in fourth quarter net profits to 27.9 billion rupees ($619 million), as it failed to take full advantage of higher oil and gas prices due to government-imposed subsidies.

31 May 2011
Mukesh Ambani, chairman and managing director of Reliance Industries. (BP) Exploration & Production

BP banks on Reliance deal

BP’s failed Russian deal means that the Reliance Indian tie-up is that much more important for the company, but is it certain to go through?

31 May 2011
LNG

Pakistan power projects connect to grid

Two new power stations have been connected to the grid in Pakistan, the 177 megawatt Fauji Dharki gas-fired plant and the 214 MW Hubco Narowal oil-fired plant, local newspaper The Daily Times reported today.

31 May 2011
Martin Houston, executive director, executive vice-president and managing director of Americas and Global LNG at BG Group. LNG

Interview: BG Group's Martin Houston (Part I)

Martin Houston, executive director, executive vice-president and managing director of Americas and Global LNG at BG Group, discusses equipment and labour constraint pressures in Queensland, Australia, the potential of major LNG supply shortfall by 2020, and the evolution of the LNG industry towards a more highly traded spot market.

27 May 2011

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