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
Pipelines, Storage & Power

Group warns of violence due to effects of Sino-Myanmar pipeline project

The Shwe Gas Movement (SGM), an organisation concerned with the deleterious effects of the natural gas pipeline project presently under construction in Western Burma, told Interfax today that “the development is set to inflame conflict with armed groups active in areas within or adjacent to the corridor and to increase incidences of abuse against

6 September 2011
Supply & Demand

Indian gas-fired power plants suffer from shortages

India’s gas-fired power plants required about 82 million cubic metres per day (MMcm/d) to operate at full capacity as of 31 July, but they only consumed about 62 MMcm/d of gas because of supply shortages, the country’s Ministry of Power announced on Monday evening.

6 September 2011
Exploration & Production

Bangladesh looks for foreign aid in gas E&P

Bangladesh’s parliamentary watchdog on energy and power is urging foreign oil and gas companies to invest in exploration in the Bay of Bengal because domestic companies lack the technology and expertise to do so, according to the news service EnergyBangla.

5 September 2011
Companies & Finance

BP-Reliance deal won’t be harmed by omission of two fields

The Indian government’s delay in approving two of the 23 oil and gas production sharing contracts between the UK’s BP and Reliance Industries is not expected to hurt the companies’ outlook in India, according to industry analysts.

5 September 2011
Exploration & Production

Gazprom reps to visit South Korea to discuss joint projects - Korean media

Representatives from Russian gas company Gazprom will visit South Korea to discuss issues involved in the building of a gas pipeline that would join the two countries, Korean media reported today, citing reports from their own sources.

5 September 2011
LNG

Indonesia pushed to renegotiate CNOOC LNG deal

Indonesia has to renegotiate its LNG sales contract with China next year in order to bring the price up to market level and raise its gas revenues, an industry group said on Thursday, according to a news report.

2 September 2011
Indian Prime Minister Manmohan Singh waves the ONGC’s flag in Palatana in north-east India, October 2005. (PA) Exploration & Production

ONGC to boost output as India's supplies decline

With gas demand on a steady rise and disappointing output levels from the country’s most promising reserves, ONGC is aiming to boost production both overseas and domestically and to infuse more capital into its business.

1 September 2011
LNG

Pakistan’s LNG policy shows ‘sincere’ push to up gas supplies

The changes made to Pakistan’s LNG policy suggest that the government is making a genuine effort to entice foreign investors to build the country’s first regasification terminal, but whether companies will overlook the numerous past corruption scandals remains to be seen, a financial consultant at Deloitte Touche Tohmatsu in Karachi told Interfax today.

30 August 2011
From left: Former Indian Petroleum Minister Murli Deora, Pakistani President Asif Ali Zardari, Turkmen President Gurbanguli Berdymukhamedov and Afghan President Hamid Karzai, Ashgabat, 11 December 2010. (PA) Companies & Finance

Despite political will, TAPI still lacks funding

Agreements between Turkmenistan, Afghanistan, Pakistan and India over the proposed pipeline connecting the four countries are important steps forward for the project, but without financial backing, TA

26 August 2011
Exploration & Production

Petition to annul Reliance’s KG-D6 licence moved to special bench

The Delhi High Court decided on Wednesday to form a special bench to hear a case that seeks to cancel Indian company Reliance Industries’ licence for its prized Krishna Godavari Basin D-6 (KG-D6) Block, according to local news reports.

25 August 2011
Pipelines, Storage & Power

Russian, North Korean leaders in project talks with South Korea

Russian President Dmitry Medvedev and North Korean leader Kim Jong-il have decided to set up an ad hoc commission to determine the parameters of gas co-operation between Russia, North Korea and South Korea.

24 August 2011
Exploration & Production

Uzbekneftegaz and South Korean companies pen $2.6 bln contract to develop Ustyurt gas chemical complex

Uzbek national company Uzbekneftegaz signed contracts worth $2.6 billion on Tuesday with South Korea's GS Engineering & Construction, Samsung Engineering, Hyundai Engineering and Kogas in the framework of the construction of the Ustyurt Gas Chemical Complex at the Surgil gas field.

24 August 2011
Exploration & Production

Vietnam’s 16-1 project starts production

Oil and gas production from the offshore Te Giac Trang field of the Vietnam 16-1 project started on 22 August, state-owned PTT Exploration and Production (PTTEP) said on Tuesday.

23 August 2011
Exploration & Production

Petronas plans $5 billion gas upstream project off Malaysian coast with partners

Malaysian company Petronas and its Production Sharing Partners plan to embark on a new upstream project to develop a cluster of gas fields off the Eastern Coast of Malaysia, the company announced on 23 August in a press release.

23 August 2011
Companies & Finance

Oil Search sees earnings soar by 34%

Papua New Guinea-company Oil Search saw earnings before interest, tax and amortisation (EBITDA) reach $307.3 million in the first half of this year, up 34% on the same period last year, the company said on Tuesday.

23 August 2011
Companies & Finance

Cairn shareholders to vote on India sale on 14 September

The shareholders of Scotland’s Cairn Energy will vote on 14 September on whether to accept the Indian government’s controversial pre-conditions for approving the sale of its Indian subsidiary to Indian miner Vedanta Resources, the Scottish company said today when it announced its first half results.

23 August 2011
LNG

Arrow bids $543 million for CBM explorer Bow

Australia’s Arrow Energy has offered about A$520 million ($543 million) for the coal-bed methane (CBM) explorer Bow Energy in an effort to underpin Arrow’s planned LNG plant on Curtis Island, one of several CBM-to-LNG projects racing for supplies.

22 August 2011
Exploration & Production

Indonesia signs $52 billion contract for East Natuna E&P

Indonesia has signed a $52 billion contract with four oil and gas companies to explore and develop the offshore East Natuna Block, according to a news report today.

22 August 2011
Exploration & Production

Reliance’s KG-D6 capital costs not linked to Indian gas price - ministry

The price of the gas that Reliance Industries is producing in the offshore Krishna Godavari Basin’s D6 Block (KG-D6) was not linked to its capital investment in the field, the Indian Ministry of Petroleum & Natural Gas said in response to allegations that it allowed Reliance to inflate its capital cost.

19 August 2011
Exploration & Production

Tibet's first CNG refilling station completes trial operations

The Tibet Autonomous Region's first compressed natural gas (CNG) refilling station has completed four days of pre-commission trials, state media reported on 18 August.

19 August 2011

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