A tanker at the Gate LNG terminal. LNG

Pavilion Gas and Uniper swap LNG access rights

The agreement will see Pavilion gain access to the Gate and Grain terminals in Europe while Uniper takes rights to Singapore LNG.

By Damon Evans 22 September 2017
Companies & Finance

Shell awaits Indonesia’s OK for Abadi FLNG stake

Royal Dutch Shell is awaiting Indonesian government approval to buy a 30% stake in the offshore Masela Block and Abadi floating LNG (FLNG) project, marking the company’s first venture into the country’s upstream oil and gas sector.

1 November 2011
Exploration & Production

India’s Essar selling CBM at provisionally hiked price

India’s Essar Oil began supplying coal-bed methane (CBM) gas to its end customers in the third quarter as part of a pilot scheme using a temporary gas tariff that is slightly higher than the government-set price for domestic output, the company said in an earnings report on Tuesday.

1 November 2011
Exploration & Production

Bangladesh nears exploration-boosting deal with Sinopec

An exploration and production partnership between state-run Bangladesh Petroleum & Exploration Production (BAPEX) and China’s Sinopec could be finalised as early as December.

31 October 2011
Companies & Finance

Petrobangla subsidiary reaches finance agreement for gas projects

A subsidiary of Bangladeshi state-owned developer Petrobangla, Gas Transmission Company Limited, has reached agreement for three new gas projects financed by the Asian Development Bank (ADB) and World Bank.

28 October 2011
Companies & Finance

Refinancing deal for Dampier-Bunbury pipeline closed

Eight banks have closed a A$400 million ($418 million) refinancing deal for the Dampier-Bunbury gas pipeline (DBP) in Australia.

28 October 2011
Exploration & Production

Fundamental Asian business conditions to improve - Moody's

Ratings agency Moody’s outlined its positive outlook on Asia Pacific’s exploration and production (E&P) industry in a research note entitled Asia-Pacific Oil and Gas Industry – Exploration & Production published on Thursday.

28 October 2011
Companies & Finance

Chinese, Japanese most keen to buy Shell’s Woodside stake

Royal Dutch Shell’s 24% stake in Australian LNG developer Woodside may be on the market, and is most likely to be bought by either a Chinese wealth fund or a Japanese utility, JP Morgan said in a note to investors this month.

27 October 2011
LNG

Tibet natural gas distribution terminal begins operations

The Tibet Autonomous Region's first gas distribution terminal went online on 26 October in the regional capital of Lhasa, China National Petroleum Corp. (CNPC), owner of the station, announced on Thursday.

27 October 2011
Exploration & Production

Chevron begins production at Thai Platong II

Chevron has started producing gas from its Platong II platform in Thailand, initiating project that at its peak is expected to raise the country’s total supply by 10% and boost the company’s Thai output by 20%.

26 October 2011
LNG

India’s Gail looks to lift LNG imports

India’s state-owned Gail will open a new LNG trading desk in Singapore next week in an effort to boost its mid-term and spot imports at a time when the company is profiting from the country’s rising demand and tightening supply, a Gail source told Interfax on Tuesday.

25 October 2011
Supply & Demand

Pricier LNG growing more attractive as Indian output drops

The disappointing decline in gas production from India’s Krishna Godavari Basin D6 Block has already caused shortages in the power sector and concerns about supplies in the near and mid-term.

25 October 2011
LNG

Continental drift: Asia, Europe at odds over oil links

As Europeans argue that the rise in LNG supplies and slumping domestic demand drives logic away from the oil-linked gas price mechanism, Asian buyers see benefits in staying the course.

25 October 2011
Supply & Demand

Kogas looking to expand into South America

State-owned Korea Gas (Kogas) and Inter-American Development Bank (IDB) signed a memorandum of understanding during the Korea-LAC Business Forum in Seoul on Thursday, which promises further cooperation on energy initiatives and programmes in Latin America and the Caribbean, according to a statement released on the IDB’s website.

21 October 2011
Companies & Finance

Origin raises money for APLNG

Australian developer Origin Energy allocated $500 million in a senior notes offering in the United States to help fund its stake in the Australia Pacific LNG (APLNG) project.

21 October 2011
LNG

Continental drift: Asia sticks to the oil link

While some in Europe are looking to renegotiate supply contracts away from the traditional oil-linked pricing formula, Asian buyers remain in favour of tying long-term LNG prices to oil.

20 October 2011
Supply & Demand

Santos LNG projects on track to meet rising Asian demand

Australian gas producer Santos is on track to start exporting gas from its two planned LNG export projects, Gladstone LNG (GLNG) in Queensland in 2015 and PNG LNG in Papua New Guinea in 2014, the group said in its third quarter results published on Thursday.

20 October 2011
Global Markets

New Indonesian energy minister

Analysts and industry executives have expressed concerns over Indonesia’s newly-appointed energy minister and deputy, claiming that they lack experience, according to the Jakarta Post on Wednesday.

20 October 2011
Pipelines, Storage & Power

Iran and Pakistan court China for pipeline project

Iran and Pakistan are keen to see China link-up to their natural gas pipeline network, but talks on such a co-operation remain in the very early stages, Xia Yishan, director of the Centre for Energy Strategy Studies told Interfax on Tuesday.

18 October 2011
Exploration & Production

BP, Reliance drawing up a plan of action

India’s Reliance Industries posted another round of disappointing production results from its Krishna Godavari Basin between April and September this year. But with the arrival of BP, the company is

18 October 2011
Companies & Finance

Moody’s sees a negative outlook for Kogas

Moody’s has revised its outlook for state-owned Korea Gas Corp. (Kogas) to negative from stable because of concern that the company’s gas tariff hike is not high enough and that its overseas investment plan is overly ambitious, the ratings agency announced on Tuesday.

18 October 2011

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