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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
Supply & Demand

Second report slams Tepco

A second committee tasked with investigating the Fukushima accident has released a damning report on Monday.

23 July 2012
LNG

BP targets 2019 startup for Tangguh’s third train

BP is preparing to submit a Plan of Further Development for the expansion of the Tangguh LNG plant by the end of the month, BP Regional President for Asia Pacific William Lin told Interfax on Wednesday.

23 July 2012
Exploration & Production

Philippine Malampaya gas field to restart operations

The Malampaya gas field in the Philippines was due to restart operations this evening, ABS-CBN news reported on Friday.

20 July 2012
LNG

Gazprom may buy gas from Brunei LNG

Gazprom has been in talks with Brunei LNG about possible gas purchases, Reuters quoted the Vedomosti newspaper as saying on Thursday.

20 July 2012
Companies & Finance

Reliance Industries reports drop in profits

India’s Reliance Industries reported a drop in profits in the three months ended 30 June because of declining gas output in India and declining earnings from fuel sales, Bloomberg reported on Friday.

20 July 2012
LNG

Crumbling East Asian prices opens door for Europe

To the dismay of suppliers, bids for spot cargoes have been on a downturn since the start of June, owing to a slump in global oil prices and a multitude of supply and demand factors.

20 July 2012
Supply & Demand

Anti-nuclear protests threaten restarts

With anti-nuclear public sentiment swelling, restarts at Japan’s shuttered plants are becoming increasingly unlikely, posing a potential upside for LNG.

19 July 2012
Companies & Finance

PTT looks to go the distance with Cove buy

Cove Energy’s apparent buyer, PTT Exploration and Production, would benefit from the African explorer’s long-term production potential.

18 July 2012
Pipelines, Storage & Power

India may let gas-fired generators raise tariffs

With the worsening gas shortage stifling the development of new gas-fired power plants, India’s Ministry of Power is considering allowing for more flexibility between the cost of generating the electricity and the price generators can charge for the output, Power Secretary P Uma Shankar has told Interfax

17 July 2012

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