The Kochi LNG terminal in India. LNG

India to start up three LNG terminals by 2019

India is expanding its LNG import capacity by building three new terminals, but higher prices and slow progress on pipelines could weigh on growth in the country’s gas consumption.

By Andrew Walker 20 February 2018
Exploration & Production

Eni continues to expand its South Asian exploration acreage

Eni has made a second acquisition in Vietnam’s offshore oil and gas acreage this month, buying a 50% stake in an exploration block in the Song Hong Basin from Indian independent Essar Energy.

2 July 2012
Companies & Finance

Russia signs up to finance Iran-Pakistan gas pipeline - report

Russia will directly finance the Iran-Pakistan gas pipeline (IP Pipeline), which is expected to cost $1.5 billion.

29 June 2012
Companies & Finance

Pertamina steps up efforts to expand overseas assets

Indonesia’s state-owned oil and gas company Pertamina has increased efforts to expand its upstream overseas portfolio after purchasing a 32% stake in Venezuela’s Petrodelta and reports that the company is finalising a deal to acquire oil and gas blocks in Iraq.

29 June 2012
Supply & Demand

Tokyo Gas receives first Pluto LNG

Tokyo Gas received its first cargo from Australia’s Pluto LNG plant on Friday, the company announced in a press release online.

29 June 2012
Companies & Finance

Tepco takes ¥80.9 billion from nuclear damage fund

Tepco received ¥80.9 billion ($1.02 billion) from the government-backed Nuclear Damage Liability Facilitation Fund on Friday, the company said in a press release.

29 June 2012
Companies & Finance

Shell extends Cove deadline

Royal Dutch Shell has extended the deadline for Cove Energy shareholders to accept its $1.8 billion bid for the East African-focused explorer, after receiving valid acceptances for only 3.47% of shares by the 27 June closing date.

28 June 2012
Exploration & Production

Sinopec unit starts drilling first wildcat well in Yili Basin

Sinopec Henan Oil and Gas, a unit of state-owned Chinese major Sinopec, has started drilling its first wildcat well in west China’s Yili Basin, the company announced on Thursday.

28 June 2012
Supply & Demand

Japan import capacity reaches maximum in 2012

Japan will reach its maximum LNG import capacity in 2012, with imports into the country hitting 84.5 million tons per annum (mtpa) following the Fukushima Daiichi disaster, Katsumi Kuroda, senior vice-president of Mitsubishi International’s energy business, told delegates at the LNG global conference in London on Wednesday.

28 June 2012
Companies & Finance

Inpex bulks up its offshore Australian acreage

Inpex has expanded its acreage in the gas-rich reserve off Australia’s northwest coast, buying a 50% stake and operatorship of an exploration block near its existing Ichthys, Prelude and Concerto fields, the Japanese company announced on Thursday.

28 June 2012
Supply & Demand

Tepco shareholders OK nationalisation

Tepco shareholders approved the nationalisation of the embattled utility on Wednesday, in a move that will see the government pour in ¥1 trillion ($12.6 billion) in return for a controlling share.

27 June 2012
Exploration & Production

Vietnam calls on CNOOC to cancel offshore blocks offer

Vietnam's Ministry of Foreign Affairs has condemned a move by China National Offshore Oil Corp. (CNOOC) to make nine offshore blocks in the South China Sea available for foreign oil and gas companies to explore.

27 June 2012
Exploration & Production

Reliance ‘over-sold’ KG-D6 promise, Indian official says

Niko Resources’ announcement last week that it had cut its estimate of reserves in the Indian KG-D6 Block by 80% dragged Reliance Industries’ share price down further and added to a long list of woes for the Indian company this past year.

26 June 2012
Exploration & Production

CNOOC raises South China Sea tensions with offshore offer

CNOOC has put offshore blocks on offer in the disputed South China Sea, only days after Vietnam passed a law declaring sovereignty over the Paracel and Spratly Islands.

26 June 2012
LNG

Japan and Russia sign Vladivostok LNG MOU

Japan and Russia inched closer to cooperating on the Vladivostok LNG plant over the weekend, as Gazprom’s leadership announced they would start negotiating for supply contracts from the project as early as next year.

25 June 2012
Exploration & Production

China, Vietnam argue over South China Sea islands

Not long after tensions flared up with the Philippines, China’s decision to establish a city in the Paracel archipelago has set off an argument with Vietnam, another of its South China Sea neighbours.

25 June 2012
Exploration & Production

Eni steps into Vietnam’s offshore prospects

Eni has taken its first step into Vietnam, with a farm in agreement that gives it a 50% stake and operatorship of two exploration blocks in the highly prospective offshore Song Hong and Phu Khanh basins, the company announced on Monday.

25 June 2012
Supply & Demand

Japan’s LNG imports remain robust

Japanese Prime Minister Yoshihiko Noda’s controversial call for the Ohi reactors to be restarted suggests other nuclear plants will follow. However, demand from Japan’s LNG market is likely to remain strong

22 June 2012
Exploration & Production

India, China forgo rivalry in favour of strategic friendship

India and China’s announcement last week that their state-owned energy majors had signed a deal for cooperation marked a departure from a long-running rivalry.

22 June 2012
Supply & Demand

Thailand willing to give Myanmar more gas

Thailand is prepared to increase the amount of gas it plans to deliver to Myanmar once its Zawtika project in Myanmar’s Gulf of Martaban starts up next year, Thailand’s state-run PTT Exploration and Production (PTTEP) has confirmed.

22 June 2012
LNG

Shell looks to accelerate Indonesian Abadi FLNG plant

Royal Dutch Shell Chief Executive Peter Voser met Indonesian officials earlier this month to discuss speeding up development of the Abadi floating LNG (FLNG) plant and the adjoining Masela gas block in the Arafura Sea.

22 June 2012

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