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Companies & Finance

Krishna-Godavari D6 Block secures more investment

Reliance Industries, BP and Niko Resources have won approval to invest $3.18 billion in the R-series field of the Krishna-Godavari D6 Block, off India’s east coast, the Press Trust of India reported on Thursday.

29 August 2013
Exploration & Production

OMV’s Pakistan gas find boosts supply for new plant

Austria’s OMV has struck more gas and condensate onshore Pakistan, boosting the available supply for its Mehar processing facility, the company announced on Thursday.

29 August 2013
Policy & Regulation

Otto Energy and BHP get environmental nod for offshore Palawan prospect

Australian independent Otto Energy and partner BHP Billiton have received environmental clearance to drill a deepwater exploration well at an offshore gas prospect off the coast of the Philippine island of Palawan, Otto announced on Thursday.

29 August 2013
Companies & Finance

Petronas profits dip, looks to sell down in Canada

Malaysia’s Petronas reported weaker profits in Q2, as lower oil prices and higher costs eroded margins, despite a 12% jump in overall production, the company said on Monday.

27 August 2013
LNG

Vietnam’s LNG plans hinge on pricing reform

Vietnam’s plan to build its first LNG terminal by the end of 2013 is behind schedule, but while it could meet its new target of 2015, the deciding factor will be whether it can raise prices so new supplies can be imported.

22 August 2013
Exploration & Production

Bangladesh seeks more IOC partners as Gazprom explores

Gazprom is three wells into an onshore drilling programme in Bangladesh, at a time when the country is looking to engage more international explorers and allay fears of a mounting gas shortfall.

20 August 2013
Supply & Demand

Japan’s LNG bill hits new record as yen slumps

Japan’s LNG bill reached a new record in June, as a slumping yen continues to push up prices for Japan’s utilities and consumers.

20 August 2013
Exploration & Production

The Krishna Godavari D6 Block’s fall from grace

With its discovery in 2002, Reliance's deepwater KG-D6 Block quickly became India’s crown jewel, promising a new era of energy security. That dream quickly vanished, however, as the block’s production failed to meet expectations.

16 August 2013
Companies & Finance

Indonesian producer gets loan for upstream gas complex

Indonesian producer PT Medco Energi Internasional recently closed a debt facility with two banks to fund its development of the Senoro gas plant in the Central Sulawesi region of the country.

16 August 2013
LNG

Buyers sweat at prospect of soaring prices

The increased demand for gas for power in Asia may have a hard time being met by the small additions to supply that we will see this year.

16 August 2013
LNG

Korea taps the spot market as blackouts loom

South Korea’s nuclear scandal has shuttered nuclear plants and caused Kogas to enter the spot market for extra LNG supplies as summer temperatures on the peninsula have soared.

14 August 2013
LNG

Kochi receives commissioning cargo

Petronet’s Kochi LNG terminal finally received its first commissioning cargo on 11 August, shipping data show.

14 August 2013
Policy & Regulation

Singapore leads race for Asian gas hub

Singapore has moved ahead of competitors vying for position as Asia’s leading gas hub; however, the city-state still has hurdles to overcome before its dominance can be assured.

13 August 2013
Supply & Demand

Reactor restarts will not trim LNG use – IEEJ

Nuclear restarts will not arrest Japan’s growing gas consumption, which will be driven by increasing city gas use and greater uptake in the industrial sector, the Institute of Energy Economics of Japan (IEEJ) said in its Economic and Energy Outlook towards FY 2014 on Wednesday.

7 August 2013
LNG

Kochi LNG terminal set for commissioning cargo

India’s Kochi LNG terminal will receive its first commissioning cargo on 10 August, shipping data show.

7 August 2013
Supply & Demand

No relief for Asian LNG importers as oil rallies

Asian LNG importers look set for little relief this year, as oil-indexed gas prices hover close to record levels on the back of an oil market stretched by supply disruptions and ongoing geopolitical tensions in the Middle East.

6 August 2013
Policy & Regulation

Referendum on Taiwan’s divisive nuclear plant facing delay

A referendum to decide the fate of the unfinished Longmen nuclear power plant in Taiwan could be delayed, after opposition lawmakers vowed to block a vote on the proposal to hold the referendum before the legislative session ends on Tuesday.

5 August 2013
LNG

China’s Nicaragua Canal would benefit all of Asia

A Chinese entrepreneur believes a proposed canal through Nicaragua can become the preferred route for Asia-bound LNG trade, but success is far from certain.

1 August 2013
Supply & Demand

More bad news for Japan’s power producers

Japanese utilities posted dismal results for both Q1 2014 and full-year 2013 on Wednesday, as high LNG prices, shuttered nuclear reactors and a weak yen continued to weigh heavily on them.

31 July 2013
LNG

Gail set to enter spot market

India’s Gail still needs to purchase 13 cargoes this year to reach its goal of importing 34 in the 2013 fiscal year, the company announced last week.

31 July 2013

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