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Supply & Demand

India’s blackout sheds light on fundamental grid problems

While the power cut that spread across northern India late last month was largely caused by the particularly weak rainfall so far this monsoon season, it also points to fundamental problems in the country’s electricity system that will take years to fix.

7 August 2012
Supply & Demand

India’s blackout sheds light on fundamental grid problems

While the power cut that spread across northern India late last month was largely caused by the particularly weak rainfall so far this monsoon season, it also points to fundamental problems in the country’s electricity system that will take years to fix.

7 August 2012
LNG

Shaanxi set to become China’s largest LNG producer

Central China’s Shaanxi province will boost gas liquefaction capacity to a national record of 5 million cubic metres per day (MMcm/d) once a new LNG plant starts up at the end of this month, a consultancy told Interfax on Monday.

6 August 2012
LNG

GDF Suez to supply Kogas with 1.6 mt of LNG between 2013-14

GDF Suez has signed a second medium-term agreement to supply South Korea’s Kogas with 24 cargoes, or around 1.6 mt, of LNG between 2013 and 2014, GDF said on Monday.

6 August 2012
Exploration & Production

Indonesia’s first UCG projects getting underway

Australia’s Cougar Energy has chosen three areas in which to develop some of Indonesia’s first underground coal gasification (UCG) projects, aimed at meeting the country’s growing energy demand with cleaner and cheaper sources of power, the company’s managing director told Interfax.

6 August 2012
Global Markets

CPC director calls for cooperation in South China Sea

The recently appointed head of Chinese Petroleum Corp.’s (CPC) board of directors has raised the prospect of cross-Taiwan Strait development of oil and gas resources in the South China Sea, after calling for Taiwanese cooperation with China in the disputed region.

3 August 2012
Exploration & Production

The Philippines toast Benham Rise decision

The Benham Rise is being opened up to oil and gas exploration after the UN confirmed the Philippines’ rights in the region. However, doing the same on the other side of the islands may not prove as straightforward.

3 August 2012
Exploration & Production

Pertamina and Total vie for operatorship of Mahakam gas block

The Indonesian government is assessing bids from state-owned Pertamina and Total for the future development of the Mahakam gas block off the coast of East Kalimantan, Gde Pradnyana, vice-president for external affairs for Indonesian gas regulator BPMigas, confirmed with Interfax on Thursday.

3 August 2012
Exploration & Production

Indian shale policy builds on lessons learned

With its draft shale exploration and production policy, India attempts to fix the problems with its existing licensing framework by increasing transparency, offering more freedom of marketing and luring the international majors.

2 August 2012
LNG

Chubu, Osaka sign up for US LNG

Japanese utilities Chubu Electric Power and Osaka Gas have signed off on a binding agreement to buy 2.2 million tons per annum apiece from the planned floating Freeport LNG plant in Texas, the buyers announced on Tuesday.

31 July 2012
LNG

Renewables could eventually take gas share

As swelling anti-nuclear sentiment threatens to keep reactors offline and utilities hooked on expensive fuel imports, renewables are gaining greater traction.

31 July 2012
Global Markets

CPC set to raise gas sales price in Taiwan

Chinese Petroleum Corp. intends to raise its gas sales price in Taiwan by 2.99% starting on 2 August, the China Post reported on Tuesday.

31 July 2012
Policy & Regulation

Indonesian Petroleum Fund signals improved investment atmosphere

In an effort to lure more global energy firms, the Indonesian government will create a “Petroleum Fund” to finance data collection at oil and gas plays and expand infrastructure, according to The Jakarta Post.

30 July 2012
Policy & Regulation

India’s system overhaul

India’s Junior Oil Minister RPN Singh spoke to Interfax about the various measures the government is taking to address the widening supply-demand gap in the country’s gas sector.

27 July 2012
Companies & Finance

Standard Bank supplies debt for Philippines project

Standard Bank has supplied Australian explorer Nido Petroleum with a $30 million loan for the development of the Galoc field offshore the Philippines.

27 July 2012
LNG

The Philippines looks to Brunei LNG for extra gas supplies

The Philippines hopes to secure gas from Brunei for its first LNG terminal, the chief at the Natural Gas Management Division has told Interfax.

26 July 2012
Exploration & Production

India’s FY 2012 gas output so far exceeds expectations

India’s gas production in the first three months of fiscal year 2012 has so far exceeded its target by 7.5%, but remains about 11% below its level in the same period last year.

26 July 2012
Companies & Finance

APA ups its offer for rival Aussie gas grid operator

Australian gas grid operator APA Group has upped its hostile takeover bid for rival Hastings Diversified Utilities Fund (HDF) by 25% in an effort to top HDF’s preferred offer from the consortium Pipeline Partners Australia (PPA).

25 July 2012
Exploration & Production

Potential for Philippine bid round delay as tensions mount

The increasingly acrimonious dispute between claimants in the South China Sea threatens to delay or derail the Philippines’ plans to develop its upstream gas prospects.

24 July 2012
Exploration & Production

Anton secures service tender for Sinopec blocks

Chinese driller Anton Oilfield Services has been selected to provide multi-stage horizontal drilling and hydraulic fracturing (‘fracking’) services for gas projects in central China’s Ordos Basin, Anton announced on Sunday.

24 July 2012

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