• Natural Gas Daily
  • Asia Pacific
LNG

Will the Philippines realise its LNG ambition?

Energy World Corp. is preparing to begin construction on the Philippines’ first LNG import facility, a project it has touted as crucial to the country’s waning gas supply. But analysts question the project’s likelihood of success.

25 May 2012
Exploration & Production

WA backs exploration for unconventional gas

Companies exploring for new sources of unconventional gas in Western Australia (WA) will continue to benefit from state support as a result of new budgetary measures, a move which could lead to further discoveries of shale gas and CBM alongside conventional reserves.

25 May 2012
Companies & Finance

Dutch club funds semi-submersible rig

Netherlands-based Fairstar Heavy Transport has signed off on a $247 million syndicated loan facility that will be used to satisfy the outstanding payment obligations to Guangzhou Shipbuilding International for two semi-submersible vessels.

25 May 2012
Supply & Demand

Japan posts record April trade deficit as fuel bill grows

Japan posted a record trade deficit in April on the back of slowing exports to Europe and China and ever-growing imports of LNG and oil, data from the Ministry of Finance showed on Wednesday.

24 May 2012
LNG

Investors back APLNG for the long term, despite challenges

Australia Pacific LNG’s (APLNG’s) developers have officially agreed to a project financing facility worth $8.5 billion to help fund the downstream components of their LNG export project in Queensland.

24 May 2012
Companies & Finance

Australia reports booming investment in mining, energy

Australia has reported a record A$260.8 billion ($255.0 billion) in committed investment in its mining industry, an increase of 12% from October 2011, according to data published on Thursday by the Bureau of Resources and Energy Economics (BREE).

24 May 2012
LNG

Tangguh plant to supply PT Perusahaan Listrik Negara

Indonesia’s Tangguh LNG plant in Papua will supply 6.5 Mcm/d to state-owned utility PT Perusahaan Listrik Negara starting 2013, The Jakarta Post reported on Thursday.

24 May 2012
Exploration & Production

Production from Indonesian oil and gas projects increase over last year

The production of oil and gas projects in Indonesia as of 30 April was 2.41 million barrels of oil equivalent per day (boe/d), an increase of around 7,000 boe/d from a year earlier.

24 May 2012
Global Markets

Medco Energi's B rating reaffirmed

Standard and Poor’s has affirmed its rating for Indonesian private firm Medco Energi of B with a stable outlook, the agency said on Tuesday.

23 May 2012
Pipelines, Storage & Power

India, Pakistan shake on TAPI gas deal with Turkmenistan

The ambitious and long-discussed Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline took a firm step forward on Wednesday when Indian and Pakistani state-run companies finalised a gas sales and purchase deal with Turkmenistan.

23 May 2012
Exploration & Production

Reliance Industries, BP and Niko Resources give up Mahanadi Basin shares

Reliance Industries, BP and Niko Resources have let go of their shares in the Indian offshore Mahanadi Basin D4 Block, Niko announced on Tuesday.

23 May 2012
Pipelines, Storage & Power

PGN’s 50% price hike creates backlash in Indonesia

A week after Indonesian state distributor Perusahaan Gas Negara (PGN) increased the price of gas for customers in West Java by almost 50%, state power utility Perusahaan Listrik Negara (PLN) and other industrial buyers are mounting a protest.

23 May 2012
Policy & Regulation

Tepco nationalisation will go ahead in July

Government moves to nationalise Tepco will formally commence on 25 July, when the government will inject ¥ 1 trillion ($12.5 billion) in return for 50.11% of the company’s voting rights, Tepco said on Monday.

22 May 2012
Supply & Demand

Korean LNG imports up in April

Korean LNG imports rose to 2.7 million tons (mt) in April, up from 2.37 mt during the same period last year, statistics from the Korea Customs Service showed.

22 May 2012
Policy & Regulation

WA stumps up further funds to support mining boom

In an effort to perpetuate Western Australia’s (WA’s) resources boom, the state government has agreed to spend A$37.5 million ($37 million) over two years to attract further investment in mining and minerals exploration.

22 May 2012
LNG

Petronas plans over $300 million capex for second LNG import project

Petronas Gas, a subsidiary of Malaysia’s largest state-run oil and gas company, has allocated about MYR 1 billion ($318.9 million) in capital expenditure for its LNG terminal in Lahad Datu, Sabah – the second regasification facility in the company’s pipeline.

21 May 2012
Exploration & Production

D6 Block’s decline 'not beyond' Reliance control – Indian official

The Indian government based its decision not to allow Reliance Industries to recover $1.2 billion in costs from field development work in the Bay of Bengal on the belief the reserve’s decline in output is not entirely “beyond the control of the company” a Ministry of Petroleum and Natural Gas official has told Interfax.

21 May 2012
Policy & Regulation

Taiwan reaffirms position on South China Sea dispute

As China and the Philippines continue to exchange barbs over claims to the Scarborough Shoal, Taiwan reaffirmed its position on the South China Sea dispute this week through its de facto embassy in the Philippines.

18 May 2012
Pipelines, Storage & Power

India OKs TAPI gas sales and purchase deal

India has given state-run gas transmission operator Gail the green light to sign a gas sales and purchase agreement (GSPA) for imports through the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, India's Cabinet of Ministers announced on Thursday evening.

18 May 2012
Exploration & Production

PTTEP may scrap Timor FLNG plan

Thailand’s PTT Exploration and Production (PTTEP) may scrap its plan to develop a floating LNG plant at its Cash and Maple fields in the Timor Sea, choosing instead to process the gas through another company’s liquefier, The Australian Financial Review reported on Thursday.

17 May 2012

Viewing 3,561-3,580 of 4,167 articles