• Natural Gas Daily
  • Asia Pacific
Exploration & Production

Accusations of sabotage inflame South China Sea tensions

Vietnam’s state-owned explorer has accused China of sabotaging exploration in offshore blocks within its exclusive economic zone, in the latest development set to sour relations between China and its neighbours.

4 December 2012
LNG

Singapore tenders study for second LNG terminal

Singapore’s Energy Market Authority (EMA), a regulatory board under the Ministry of Trade and Industry, has tendered a feasibility study for additional LNG and gas infrastructure “to meet Singapore’s long-term gas demand and energy security needs”, a spokesman with the agency has told Interfax.

4 December 2012
Pipelines, Storage & Power

Indian power plants need more gas – minister

India’s gas-fired power plants need around 85 million cubic metres per day (MMcm/d) to run at the required 90% of their load factor, but at the moment they are only receiving about 35 MMcm/d, Power Minister Jyotiraditya Scindia told the Lok Sabha – India’s lower house of parliament – on Thursday.

30 November 2012
LNG

Japan needs flexible and secure LNG supply

The drive for more Henry Hub-based pricing in Japanese LNG contracts may not guarantee importers cheaper LNG in the long run, but it at least ensures greater price diversity, a Mitsubishi executive told delegates at the CWC World LNG Summit in Barcelona on Thursday.

29 November 2012
Exploration & Production

Inpex moves forward with Abadi development

Japan’s Inpex has tapped PT Wood Group Indonesia to carry out front end engineering and design of subsea production facilities for the Abadi gas field in east Indonesia, a source at Inpex confirmed.

28 November 2012
Companies & Finance

ADB to supply $700 bln loan for Bangladeshi power grid

The Asian Development Bank will provide a $700 million loan to Bangladesh to combat severe power supply shortages, the regional bank said in a statement issued on Wednesday.

28 November 2012
Exploration & Production

India blocks $1 billion in costs for Reliance’s KG-D6 operations

India’s newly appointed Minister of Petroleum and Natural Gas Veerappa Moily has blocked just of $1 billion worth of production costs claimed by Reliance Industries for work at the underproductive Krishna Godavari D6 Block, claiming the Indian heavyweight did not implement the approved field development plans.

28 November 2012
Supply & Demand

Global LNG balance this decade driven by demand, not supply

Huge uncertainties over global LNG demand growth means demand, not supply, will drive changes in the global LNG balance over the next seven years, Christopher Goncalves, head of global gas and LNG at Berkeley Research Group, told delegates at the CWC World LNG Summit in Barcelona on Wednesday.

28 November 2012
LNG

Short-term LNG market set to shrink after US boom – RasGas

The boom in the short-term market caused by diverted US volumes might not be as long-lived as some expect, a senior RasGas executive told the World LNG Summit in Barcelona on Wednesday

28 November 2012
Policy & Regulation

Myanmar energy sector ‘critical’ to reducing poverty – report

Strengthening Myanmar’s energy sector will help reduce poverty and boost development prospects for the Southeast Asian country, according to a report from the Asian Development Bank.

27 November 2012
Policy & Regulation

BPMigas breakup leaves questions unanswered

It has been two weeks since the Indonesian Constitutional Court ordered upstream regulator BPMigas to be dissolved, and questions regarding the state of the country’s regulatory regime remain.

27 November 2012
Exploration & Production

Shell signs new PSC in busy offshore Sarawak

Shell Malaysia, the largest gas producer in the Southeast Asian country, said on Tuesday it had signed a new production sharing contract (PSC) with state-controlled Petronas to explore offshore Sarawak, a Malaysian state on the island of Borneo.

27 November 2012
Exploration & Production

More explorers digging into KG Basin deepwater reserves

While Reliance and BP work to reverse a production decline at the notorious Krishna Godavari D6 Block, other Indian companies are also looking to boost gas output from the complex deepwater reserve

26 November 2012
Policy & Regulation

Japanese gas storage: Well stocked ahead of winter?

Reports suggest Japan’s gas stock levels are high going into winter 2012/2013. The country’s appetite for additional LNG cargoes has not been great recently and spot LNG purchases for December deliveries have been relatively low for the season. With expectations for a normal-to-mild winter, Japan is well-supplied and stocked at the start of the

23 November 2012
Companies & Finance

Kepco on course for fifth annual loss

State-owned Korea Electric Power Co. (Kepco) will report its fifth straight annual loss because of rising LNG and oil prices, Korea Investment & Securities (KIS) forecast on Thursday.

23 November 2012
Supply & Demand

Taiwan’s September imports flat year-on-year

Taiwan imported 1.06 million tons of LNG in September, data from the Ministry of Finance has shown.

22 November 2012
Companies & Finance

Pertamina withdraws offer for Coastal Energy

Indonesia’s state oil and gas company, Pertamina, has withdrawn its offer for Houston-based Coastal Energy, Ali Mundakir, vice president of corporate communications, confirmed to Interfax on Thursday. "The price didn't meet our expectation," said Mundakir.

22 November 2012
LNG

PNG’s InterOil approval signals more political stability

The approval of InterOil’s Gulf LNG project by Papua New Guinea’s government may be a sign of increased policital stability in the country and will clear the way for further developments for the project.

21 November 2012
Companies & Finance

LNG Ltd. denies takeover attempt of WestSide

In an effort to quell market speculation, Australian Stock Exchange-listed LNG Ltd. released a statement on Wednesday denying it had submitted an indicative takeover proposal to Queensland CBM developer WestSide.

21 November 2012
LNG

Shell, PetroChina treading slowly with Arrow LNG development

Royal Dutch Shell and PetroChina taking their time with developing the Arrow CBM-to-LNG project in Queensland, but they have not abandoned their plans for a standalone export plant, a Shell spokesperson told Interfax on Tuesday.

20 November 2012

Viewing 3,501-3,520 of 4,468 articles