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Exploration & Production

South Korea looks to shale gas

South Korea’s government hopes that 20 percent of the country’s natural gas imports will be extracted from shale deposits abroad by 2020.

7 September 2012
Policy & Regulation

How India will avoid another blackout

Veerappa Moily became India’s minister of power on 31 July, a day after the country’s largest-ever power cut. Interfax spoke to Moily about the underlying problems that caused the blackout, and how they could be fixed.

6 September 2012
Policy & Regulation

Indian gas prices 'artificially depressed' – BP chief economist

Indian gas prices are “artificially depressed” and, as a result, are discouraging domestic output while leading to increased consumption, said Christof Ruehl, chief economist of BP, according to The Times of India on Wednesday.

5 September 2012
Exploration & Production

Western energy companies flock to Myanmar

Hundreds of energy company representatives gathered in Yangon on Tuesday and Wednesday for the second Myanmar Oil, Gas and Power summit in the hope of finding a route into the prospective frontier market.

5 September 2012
Companies & Finance

India's ONGC reconsiders plans to invest in Iranian gas field

India’s Oil and Natural Gas Corp. (ONGC) is reconsidering its plan to invest millions of dollars to develop its Iranian gas field, out of concern that it would hurt its chances of buying assets in the United States, Dow Jones reported on Tuesday.

4 September 2012
Exploration & Production

Myanmar will not disclose full geological data to potential bidders

Myanmar’s Ministry of Energy will not show bidders comprehensive geological block data before they participate in the country’s upcoming second bidding round, state-owned Myanma Oil and Gas Enterprise’s (MOGE’s) chief geologist said on Tuesday at the second Myanmar Oil, Gas and Power summit.

4 September 2012
Pipelines, Storage & Power

Subsidised gas underpins Malaysian power provider's BBB+

An increase in subsidised gas supplies will help offset upcoming LNG purchases for Malaysia’s state-controlled Tenaga Nasional Berhad, thereby allowing the peninsular power provider to maintain its BBB+ rating.

4 September 2012
Companies & Finance

Thailand's PTT says financial capability is 'solid'

Thailand’s state-controlled PTT says its financial capability to carry out new mergers and acquisitions is solid, despite concerns over its cashflow stability and heavy capital expenditure requirements, the Bangkok Post reported on Monday.

3 September 2012
Policy & Regulation

Japan, Russia to cooperate on Vladivostok LNG plant construction

The Japanese and Russian governments are expected to reach a deal later this week to cooperate on the early construction of the Vladivostok LNG plant, The Nikkei reported on Monday.

3 September 2012
LNG

Gail fills a short-term supply gap with Gas Natural Fenosa deal

India’s state-run Gail has signed a three-year LNG agreement with Spain’s Gas Natural Fenosa, in a deal that will help tie the company over until its longer-term import investments take effect.

3 September 2012
Policy & Regulation

Tepco rate hike comes into effect

Tepco raised electricity rates by an average of 8.46% on Saturday after soaring fuels bills and costs related to the meltdown of its Fukushima Daiichi nuclear plant pushed it close to insolvency earlier this year.

3 September 2012
Exploration & Production

Indonesia OKs Central Java FSRU amid oversupply concerns

Reports have surfaced that the Indonesian government has given state oil and gas explorer Pertamina approval to move ahead with construction of the country’s third floating storage regasification unit off the north coast of Central Java.

3 September 2012
Exploration & Production

Myanmar to offer 30 offshore and onshore blocks

Myanmar is preparing to offer 15 offshore and 15 onshore oil and gas blocks in a tender that is expected to draw significant interest from European companies, many of which are on the ground already, as well as US majors, which will be allowed to bid in Myanmar for the first time in 15 years.

31 August 2012
Global Markets

Philippines expects China to broach territorial dispute at APEC

Chinese President Hu Jintao and Philippine President Benigno Aquino III will attend the Asia-Pacific Economic Cooperation leaders’ summit in Russia next week, but the Philippines has no intention of broaching the issue of territorial disputes in the South China Sea that have damaged relations between the two countries in recent months.

30 August 2012
Policy & Regulation

Pakistani policy seeks to spur E&P ‘bonanza’

Pakistan’s Ministry for Petroleum and Natural Resources has tightened the exploration licensing period, reduced the windfall levy and introduced a bonus for the first three offshore discoveries in the country, in an attempt to galvanise exploration and investment.

30 August 2012
Companies & Finance

Indonesia’s PGN net profits up by 7.5% in H1

Indonesian gas distributor Perusahaan Gas Negara (PGN) boosted first half (H1) net profit 7.5% year-on-year, according to the company’s six month financial report released on Wednesday.

30 August 2012
LNG

Malaysia LNG and Tokyo Gas to extend contract through 2025

Tokyo Gas and Malaysia LNG (MLNG) have signed a memorandum of agreement to extend an LNG purchase and supply contract that is set to expire in March 2015, Tokyo Gas said on Tuesday.

29 August 2012
Companies & Finance

Operations suspended at Futtsu thermal plant

Operations at Tepco’s Unit 2 of its LNG fuelled Futtsu thermal plant were suspended on Wednesday, the company said in an announcement online.

29 August 2012
Companies & Finance

Dart secures $100 million lending facility with HSBC

Unconventionals focused explorer Dart Energy has secured agreement for a $100 million senior secured reserves based lending facility with HSBC.

29 August 2012
Companies & Finance

Japan gas distributors see uptick in sales

Japan’s gas distributors sold 2.78 billion cubic metres of gas in July, with households and industrial users driving demand growth in the world’s largest importer of LNG.

28 August 2012

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