A platform at the Malampaya field. (Shell) LNG

Philippines seeks LNG to avert supply crunch

The Philippines is stepping up its efforts to start importing LNG before the giant Malampaya gas field becomes depleted.

By Damon Evans 25 July 2017
Exploration & Production

India approves $7.2 bn BP-Reliance deal

The Indian Ministry of Finance has given its nod of approval to the proposed $7.2 billion exploration and production partnership between India’s Reliance Industries and the UK’s BP, clearing the way for the deal to go through, according to a local news report on Wednesday.

21 July 2011
Companies & Finance

Indonesian government seeks to recoup profit tax

The Indonesian government is looking to renegotiate oil and gas contracts with foreign companies because it believes they should be paying more tax on their profits.

21 July 2011
LNG

Gazprom signs fourth Indian LNG MOU

Gazprom has signed another memorandum of understanding with an Indian group, its fourth so far this year.

20 July 2011
LNG

Thailand’s PTT eyes second LNG terminal

Thai oil and gas company PTT hopes to develop a regional LNG trading hub and is considering building a second LNG terminal to meet growing gas demand, CEO Prasert Bunsumpun told reporters today, according to news reports.

20 July 2011
Exploration & Production

Eni’s Indian exploration awaits environmental approval

Italian oil and gas major Eni’s push to begin exploring for oil and gas in the Indian region of Rajasthan has been bogged down by environmental concerns and significant delays in approval from the country’s Ministry of Environment and Forests, according to local news reports.

19 July 2011
LNG

Black & Veatch bullish on Asian demand

United States engineering company Black & Veatch Corp. has told Bloomberg that it has hopes for 10% annual sales growth in Asia as the region seeks more environmentally-friendly means of power generation.

19 July 2011
LNG

PetroVietnam aims to launch Nam Con Son pipe by 2013

State-owned PetroVietnam Gas Corp. (PV Gas) has signed a $441.57 million contract for the construction of a gas pipeline and processing plant, and hopes that it will deliver about 20 million cubic metres per day (MMcm/d) in two years, one of the contract winners said in a statement on Saturday.

18 July 2011
LNG

Indonesia to allow private imports amid supply shortages

Indonesia will allow private firms to import gas from abroad, as the country grapples with supply shortages, according to a Reuters report.

18 July 2011
LNG

China’s CNPC takes controlling stake in Gladstone LNG project

Mid-sized Australian developer LNG Ltd has finalised the sale of a controlling 20% stake in the company to China Huanqiu Contracting & Engineering Corporation (HQCEC), a wholly-owned subsidiary of China National Petroleum Corp. (CNPC), China’s largest oil and gas producer.

18 July 2011
Financial constraints, US resistance and security concerns are obstacles to completing the IPI pipeline. (PA) Supply & Demand

Pakistan pushes ahead with IPI but delays expected

Pakistan says that it is forging ahead with plans to complete its section of the Iran-Pakistan-India natural gas pipeline in 2014. However, staunch opposition from the US, high costs and security concerns and Indian wariness of dealing with its neighbour and foe may delay construction of the Pakistani branch and keep the Indian branch from ever bei

18 July 2011
LNG

Pakistan set to offer 80% of oil price for LNG supplies

The Pakistani government has agreed to buy LNG supplies for a new floating storage and regasification terminal for 80% of the price of crude and furnace oil, according to local news reports.

15 July 2011
Exploration & Production

India’s decision on $7.2 billion BP-Reliance deal postponed

The Indian government’s decision on BP’s plan to buy a stake in oil and gas fields owned by Reliance Industries has been delayed following this week’s cabinet reshuffle and Wednesday’s bombings in Mumbai, according to news reports.

14 July 2011
LNG

Pertamina plans to convert Arun LNG plant into terminal

Indonesia’s state-owned oil and gas company, Pertamina, plans to convert the Arun LNG plant in the Aceh province into a receiving terminal when the plant’s gas reserves run out in 2014, according to local media.

14 July 2011
LNG

Bangladesh seeks proposals for LNG-fired power plant

The Bangladeshi government has asked eight domestic and foreign companies to submit proposals for the country’s first LNG-fired electricity plant, according to a local news report today.

11 July 2011
LNG

Thailand to buy LNG to make up for disrupted pipeline

Thailand plans to buy three LNG cargoes on the spot market this month to make up for lost supplies from a damaged gas pipeline, an official from the Ministry of Energy told Interfax today.

7 July 2011
Companies & Finance

India’s Reliance looking to sell gas transportation business - report

India’s Reliance Industries is considering selling its gas pipeline business, Reliance Gas Transportation Infrastructure (RGTIL), according to a news report on Tuesday.

6 July 2011
Companies & Finance

Pakistan to begin work on Iran-Pakistan pipeline in six months

Work on the long-discussed Iran-Pakistan gas pipeline is expected to begin in six months and be completed in 2014, according to Pakistan’s minister for petroleum and natural resources, Asim Hussain, in a TV interview on Tuesday.

6 July 2011
LNG

PTTEP to build Oz FLNG terminal

Thailand’s PTT Exploration & Production (PTTEP) plans to build a floating LNG facility in the Timor Sea to develop gas from three blocks just off Australia’s north-western coastline.

5 July 2011
Exploration & Production

Bangladesh in talks to Sinopec over Chittagong gas exploration

Bangladesh Petroleum Exploration & Production Company (BAPEX) is in talks with China’s Sinopec about beginning gas exploration in four structures in the Chittagong Hill Tracts region, in order to boost the area’s gas supplies, Mortuza Ahmad Faruque, managing director of BAPEX, told Interfax today.

5 July 2011
LNG

Pakistan receives 17 bids for LNG delivery

Pakistan’s Sui Southern Gas Company (SSGC) has received 17 bids from foreign and domestic companies interested in supplying the company with 14.16 million cubic metres per day of LNG for up to 10 years, a spokesman for SSGC confirmed to Interfax on Tuesday.

5 July 2011

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