• Natural Gas Daily
  • Asia Pacific
Supply & Demand

Two of Asia’s largest buyers team up for LNG purchase

Two of Asia’s largest importers have reached an agreement with Italy’s Eni for the delivery of 28 LNG cargoes, marking the first time Asian buyers have teamed up to jointly purchase supplies of the fuel.

11 January 2013
Exploration & Production

Petronas’ K5 study furthers sour gas ambitions

Malaysia’s state-owned oil and gas company Petronas is hoping a study of the prospective K5 gas block offshore Sarawak will provide answers on how best to exploit hydrocarbon fields with high concentrations of carbon dioxide.

11 January 2013
LNG

India’s third LNG terminal starts up

India’s third LNG terminal has been commissioned and will begin importing supplies contracted under three-year sales agreements while also undergoing expansion work, state-owned operator Gail announced on Thursday.

10 January 2013
Supply & Demand

Japanese LNG imports expected to grow in 2013

Despite growing optimism that Japan may restart several of its idled reactors this summer, some analysts are predicting the country will not break its growing dependence on imported LNG anytime soon, and could even import larger volumes in 2013 than the previous record-breaking year.

10 January 2013
Exploration & Production

Bangladeshi government will connect gas buyers to new fields in their proximity, says PM

Bangladeshi Prime Minister Sheikh Hasina assured industrial gas buyers earlier this week that the government will connect them to any new gas fields discovered in their proximity, the Financial Express reported this week.

10 January 2013
Policy & Regulation

Indian firms buoyed by gas price report, but changes remain uncertain

A week after a government-appointed committee urged India to nearly double its fixed gas prices, the prospect of higher domestic rates continues to support the share prices of India’s largest oil and gas companies.

9 January 2013
Supply & Demand

Japanese business lobby calls for accelerated nuclear restarts

Japan’s business lobby has called on the new government to “immediately identify a roadmap for restarting nuclear power plants,” in a document sent to Interfax which demands the restructuring of the country’s stalled energy policy.

9 January 2013
Policy & Regulation

SKMigas uses minor shakeup to calm investor anxiety

Indonesia’s president is expected to issue a decree before the end of this month that will see interim oil and gas regulator SKMigas change its leadership and be renamed in an attempt to soothe investor concerns, SKMigas Deputy of Operations Gde Pradnyana confirmed to Interfax on Wednesday.

9 January 2013
Supply & Demand

Gas to surge as fastest growing fuel over next 25 years – IEEJ

Worldwide gas consumption is set to soar over the next 25 years, with growth outpacing that of other fuels, the Institute of Energy Economics of Japan said in its World Energy Outlook released on Tuesday.

8 January 2013
Companies & Finance

Jakarta rejects Exxon head’s tenure extension

After a year of missed production targets and a retreat from the sale of LNG production facilities, the Indonesian government announced last week that it would not sign off on the extended tenure of ExxonMobil Indonesia President Richard J Owen.

8 January 2013
LNG

India set to see LNG import growth in 2013

If all goes well, India’s LNG import capacity will grow by more than 70% by the end of March and by more than 80% by the end of 2013, with the addition of two new LNG terminals and the expansion of another already in operation.

7 January 2013
Supply & Demand

Many Japanese cities would consent to restarts – poll

A majority of Japanese cities close to nuclear power plants said they would consent to restarts if the nuclear reactors proved safe, a poll showed on the weekend, underscoring the growing possibility that some of Japan’s mothballed plants could be restarted this year.

7 January 2013
Policy & Regulation

China keen on cooperation with the Philippines at Reed Bank

Chinese ambassador to the Philippines Ma Keqing has reaffirmed China’s desire to cooperate with the Philippines on the joint development of oil and gas resources at the Reed Bank, despite the lack of a resolution between the two countries on the disputed area in the South China Sea.

7 January 2013
Companies & Finance

Funding secured for duo of Bangladeshi gas-fired power projects

The Bangladeshi Ashuganj Power Station Co. closed two deals in late December to secure financing for a duo of new gas-fired power generation schemes.

4 January 2013
Exploration & Production

Reliance, Cairn India allowed to explore in producing fields

Reliance Industries and Cairn India have reportedly received approval from India’s Ministry of Petroleum and Natural Gas to explore for oil and gas in fields that are already producing hydrocarbons, although on condition of limited cost recovery for the work.

4 January 2013
Global Markets

Cold snap raises Asian LNG prices

Asian LNG spot prices rose to around $17.20/MMBtu this week as a result of a cold snap in northern Asia, Reuters reported on Friday.

4 January 2013
LNG

Complete Kochi LNG commissioning likely by April

Commissioning on the Kochi LNG terminal in Kerala, southeastern India, is likely to be completed by late March or early April, The Hindu reported on Friday.

4 January 2013
Policy & Regulation

Indian committee urges doubling domestic gas prices

India’s government-appointed Rangarajan Committee has released a long-awaited report recommending an overhaul of the country’s gas pricing system and production sharing contracts (PSCs), laying the groundwork for the possible doubling of domestic prices in the next few years.

3 January 2013
Exploration & Production

Indonesia’s 47 new development plans may raise $19 bln

Indonesia approved 47 field development plans in 2012, which could provide the country with $18.9 billion in proceeds, the country’s interim upstream regulator, SKMigas, said on Wednesday.

3 January 2013
Supply & Demand

Japan’s utilities defend gains despite some scepticism

The stocks of Japan’s largest power utilities have defended the gains they made since the pro-nuclear Liberal Democratic Party took office on Sunday, increasing by a combined 17%, despite concerns the new administration could face difficulties pushing through restarts for the country’s idled reactors.

21 December 2012

Viewing 3,601-3,620 of 4,611 articles