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Supply & Demand

Qatar doubles shipments to South Korea in January

Qatar doubled its LNG exports to South Korea during January,shipping 1.42 mt during the month. This was up from 0.66 mt during the same period last year, according to the latest data from Korea Customs Service.

18 February 2013
Policy & Regulation

Indonesia readies incentives for energy exploration

The Indonesian government is preparing a series of tax breaks for oil and gas exploration to offset declining reserves, local media reported on Monday.

18 February 2013
Supply & Demand

January likely to be bullish month for Japan's LNG imports

Strong imports and gas sales by Japanese power and gas utilities are likely to mean January will be a bullish month for Japanese LNG imports, as winter temperatures and shuttered reactors drive demand for the fuel.

15 February 2013
Pipelines, Storage & Power

North Korea bedevils Gazprom’s pipeline plans

As Gazprom’s European headaches mount, politics on the Korean peninsula are also threatening to endanger its eastern strategy.

14 February 2013
Exploration & Production

Indonesia’s ‘no cure, no pay’ policy urges greater recovery plans

With the aim of raising oil and gas production by around 62% between 2012 and 2013, Indonesian upstream regulator SKKMigas is creating a ‘no cure, no pay’ mechanism to encourage contractors to carry out tertiary recovery plans to their ageing fields.

12 February 2013
Supply & Demand

Tepco’s January LNG imports slow

Tepco’s LNG imports slowed in January, as Japan’s largest buyer took delivery of 2.15 mt of the fuel, down by 2.9% from the same month last year.

12 February 2013
Companies & Finance

ONGC’s net profit drop was result of higher crude oil tax, decline in oil, gas production

India’s state-run Oil and Natural Gas Corp.’s (ONGC’s) net profit fell by 17.5% in Q4 2012 as a result of a higher tax on crude oil and a decline in its oil and gas production, ONGC reported on Monday.

12 February 2013
Exploration & Production

Dart Energy sees 2013 as ‘critical year for Indonesian CBM’

Australian unconventional explorer Dart Energy expects to begin production testing from its CBM wells in South Sumatra by the end of March - a major step forward in the company’s plan to begin commercialisation of Indonesia’s huge CBM resources.

12 February 2013
Pipelines, Storage & Power

Singapore readies for increased LNG power generation

Senoko Energy, Singapore’s largest power provider, added two gas-fired generators to its fleet this week, further reducing the city’s carbon emissions and improving power generation efficiency.

8 February 2013
Pipelines, Storage & Power

Philippines’ BatMan gas pipeline tipped for priority project status

Philippine National Oil Corp.’s Batangas-Manila 1 gas pipeline project has moved a step closer to inclusion in the Philippine government’s priority infrastructure initiative after receiving a preliminary approval last week from the agency in charge of the programme.

8 February 2013
Supply & Demand

Tepco closes Henry Hub LNG supply deal

Japan’s Tepco has reached a landmark deal for US LNG supplies from Cameron LNG priced against Henry Hub, with the aim of delivering cheaper fuel to Japan.

6 February 2013
Exploration & Production

UK-based Alstom to supply Thailand with 850 MW gas-fired combined-cycle plant

UK-based Alstom will supply Thailand with an 850 MW gas-fired combined-cycle power plant, the company said on Tuesday.

5 February 2013
Companies & Finance

Mitsui rides tight LNG market

Dividends from Mitsui’s LNG projects climbed by 11% year-on-year, the company said this week in its Q3 earnings announcement, as a tight global LNG market buoyed Asian and Latin American prices.

5 February 2013
Supply & Demand

Indonesia’s gas imports more than double in 2012 – official

Indonesia’s gas imports from January to November 2012 more than doubled from the same period a year earlier, state media has reported, quoting the head of the country’s Central Bureau of Statistics.

5 February 2013
Supply & Demand

US exports could cut Japan’s LNG prices by 10%

Imports of US LNG could push down Japan’s average prices by 10% and save the country $7.9 billion a year, its Institute for Energy Economics has said.

4 February 2013
Exploration & Production

Yanchang Petroleum begins exploration work in Thailand

Shaanxi Yanchang Petroleum Group, a state-owned oil and natural gas producer, started drilling its first exploration well in Thailand’s Block L31/50, the company said on Monday.

4 February 2013
LNG

SKKMigas enters LNG deal with Kogas

Indonesia’s acting upstream oil and gas regulator SKKMigas has agreed to divert LNG from the Tangguh liquefaction plant in Papua, originally contracted to the United States-based Sempra Energy, to South Korea’s Kogas, a source with the regulator confirmed to Interfax on Monday.

4 February 2013
Supply & Demand

Japan’s utilities suffer heavy losses

Japan’s largest utilities suffered heavy losses over the nine months to December 2012, earnings data showed on Friday, as nuclear suspensions and huge thermal fuel bills pushed several of the country’s power providers further into the red.

1 February 2013
Supply & Demand

Indonesia falls short of January production target

Indonesia produced 826,000 barrels of oil per day (b/d) in January, slightly below revised production targets set for this year, according to local media.

1 February 2013
Supply & Demand

Indonesia, Malaysia to weather export competition

Indonesian and Malaysian LNG exports are expected to maintain their current prices despite a raft of suppliers moving in to challenge premium markets.

31 January 2013

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