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Policy & Regulation

Japan, Russia to cooperate on Vladivostok LNG plant construction

The Japanese and Russian governments are expected to reach a deal later this week to cooperate on the early construction of the Vladivostok LNG plant, The Nikkei reported on Monday.

3 September 2012
LNG

Gail fills a short-term supply gap with Gas Natural Fenosa deal

India’s state-run Gail has signed a three-year LNG agreement with Spain’s Gas Natural Fenosa, in a deal that will help tie the company over until its longer-term import investments take effect.

3 September 2012
Policy & Regulation

Tepco rate hike comes into effect

Tepco raised electricity rates by an average of 8.46% on Saturday after soaring fuels bills and costs related to the meltdown of its Fukushima Daiichi nuclear plant pushed it close to insolvency earlier this year.

3 September 2012
Exploration & Production

Indonesia OKs Central Java FSRU amid oversupply concerns

Reports have surfaced that the Indonesian government has given state oil and gas explorer Pertamina approval to move ahead with construction of the country’s third floating storage regasification unit off the north coast of Central Java.

3 September 2012
Exploration & Production

Myanmar to offer 30 offshore and onshore blocks

Myanmar is preparing to offer 15 offshore and 15 onshore oil and gas blocks in a tender that is expected to draw significant interest from European companies, many of which are on the ground already, as well as US majors, which will be allowed to bid in Myanmar for the first time in 15 years.

31 August 2012
Global Markets

Philippines expects China to broach territorial dispute at APEC

Chinese President Hu Jintao and Philippine President Benigno Aquino III will attend the Asia-Pacific Economic Cooperation leaders’ summit in Russia next week, but the Philippines has no intention of broaching the issue of territorial disputes in the South China Sea that have damaged relations between the two countries in recent months.

30 August 2012
Policy & Regulation

Pakistani policy seeks to spur E&P ‘bonanza’

Pakistan’s Ministry for Petroleum and Natural Resources has tightened the exploration licensing period, reduced the windfall levy and introduced a bonus for the first three offshore discoveries in the country, in an attempt to galvanise exploration and investment.

30 August 2012
Companies & Finance

Indonesia’s PGN net profits up by 7.5% in H1

Indonesian gas distributor Perusahaan Gas Negara (PGN) boosted first half (H1) net profit 7.5% year-on-year, according to the company’s six month financial report released on Wednesday.

30 August 2012
LNG

Malaysia LNG and Tokyo Gas to extend contract through 2025

Tokyo Gas and Malaysia LNG (MLNG) have signed a memorandum of agreement to extend an LNG purchase and supply contract that is set to expire in March 2015, Tokyo Gas said on Tuesday.

29 August 2012
Companies & Finance

Operations suspended at Futtsu thermal plant

Operations at Tepco’s Unit 2 of its LNG fuelled Futtsu thermal plant were suspended on Wednesday, the company said in an announcement online.

29 August 2012
Companies & Finance

Dart secures $100 million lending facility with HSBC

Unconventionals focused explorer Dart Energy has secured agreement for a $100 million senior secured reserves based lending facility with HSBC.

29 August 2012
Companies & Finance

Japan gas distributors see uptick in sales

Japan’s gas distributors sold 2.78 billion cubic metres of gas in July, with households and industrial users driving demand growth in the world’s largest importer of LNG.

28 August 2012
Exploration & Production

Quest prepares first exploration well in Indonesia’s Renau PSC

Perth-based oil and gas explorer Quest Petroleum plans to begin drilling the first of three exploratory wells in South Sumatra’s Renau production sharing contract (PSC) within the next two months, Gus Simpson, chairman of the Australian company, told Interfax on Monday.

28 August 2012
Global Markets

Indonesia's nuclear plans 'highly ambitious'

Indonesia has done little to advance nuclear power projects despite forecasts that its power supplies will be strained over the next 10-15 years.

24 August 2012
Companies & Finance

Standard Chartered to supply Bangladeshi gas-fired power debt

Midland Power is close to closing a $21 million debt facility with Standard Chartered for the development of a gas-fired power project in Bangladesh.

24 August 2012
Companies & Finance

PTTEP’s anticipated $3.1 billion equity sale is delayed

PTTEP’s planned $3.1 billion equity sale could be instrumental in helping keep the company’s shaky rating intact as it finalises the $1.9 billion takeover of Cove Energy and hunts for more investments.

23 August 2012
Supply & Demand

Japan’s LNG imports up in July

Japan imported 7.15 million tons (mt) of LNG in July 2012, preliminary data from Japan’s ministry of finance showed.

23 August 2012
Supply & Demand

Anti-nuclear polls pile pressure on Noda

A poll conducted by the Japanese government has shown that nearly 50% of respondents favour a nuclear-free Japan by 2030

23 August 2012
Supply & Demand

Korean LNG imports up 22.5% in July

South Korea’s LNG imports hit 2.76 million tons (mt) in July, according to figures released by the country’s customs service. Volumes rose by approximately 22.5% year-on-year from 2.25 mt during the same period in 2011.

22 August 2012
Exploration & Production

West Kutai PSC coal samples yield high gas content

Exploration wells drilled in the West Kutai CBM production sharing contract in Indonesia’s East Kalimantan have confirmed favourable geological conditions, CBM Asia Chairman Scott Stevens told Interfax.

22 August 2012

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