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Policy & Regulation

Gail says government should not cap marketing margins on imported gas

India’s state-run Gail has said the government should not cap marketing margins on imported gas because the price of imports is driven by trends in international markets, MoneyControl reported on Wednesday.

25 January 2012
LNG

Hoegh signs final agreement for Sumatran FSRU

Norwegian shipping company Höegh LNG has signed a final agreement to provide Indonesia’s Perusahaan Gas Negara with an LNG floating storage and regasification unit and mooring system off the coast of Belawan, on the island of Sumatra, Höegh announced on Wednesday.

25 January 2012
Companies & Finance

Gail sees gas sales rise by 2% between September and December 2011

India’s state-run Gail saw its gas sales rise by 2% to 94.9 MMcm/d between September and December 2011 and by 1% to 118.3 MMcm/d between April and December 2011, it announced on Monday.

24 January 2012
Companies & Finance

PTTEP considers East-Afrian explorer bid

Thailand’s PTT Exploration and Production (PTTEP) is considering a bid for UK-listed East African explorer Cove Energy, Reuters reported on Monday.

23 January 2012
Companies & Finance

Indonesian firm gets IFC support

The International Finance Corporation has made $45 million available in phased credit to Indonesian player Wintermar Offshore Marine maturing over a seven-year tenurer.

20 January 2012
Policy & Regulation

Tax breaks for LNG terminal operators discussed

Pakistan’s Economic Coordination Committee met on Friday to discuss possibly granting LNG terminal operators a five-year income tax holiday and a 10-year exemption to producers who develop the more challenging low Btu fields, The Express Tribune reported on Friday.

20 January 2012
Exploration & Production

TNK-BP starts drilling in Vietnam

TNK-BP has started drilling a production well at the Lan Do offshore field in Vietnam, it announced on Thursday.

19 January 2012
Exploration & Production

India’s shale promise

GC Chaturvedi, secretary of India’s Ministry of Petroleum and Natural Gas, spoke to Siddharth Srivastava about the government’s efforts to spearhead shale gas development

18 January 2012
Companies & Finance

Cairn Energy may sell stake in Cairn India

Cairn Energy may sell its remaining 22% stake in Cairn India, the BBC reported on Wednesday.

18 January 2012
Companies & Finance

Adani Group makes offer for gas from Reliance Industries

India’s Adani Group has offered to buy gas from Reliance Industries’ coal-bed methane blocks for its city gas distribution projects at a price significantly higher than the government-set $4.2/MMBtu for domestic gas and roughly on par with LNG prices, which hover around $13/MMBtu

18 January 2012
Exploration & Production

For TNK-BP, Vietnam is a friendly destination

TNK-BP’s new Lan Do field in Vietnam, set to begin producing gas this year, is likely to be the company’s first of several investments in the close Russian ally

18 January 2012
Supply & Demand

Tepco raises electricity tariffs on the back of rising prices

Tokyo Electric Power (Tepco) plans to raise industrial electricity tariffs by 18% beginning in April, the company said in a statement released online on Tuesday.

17 January 2012
Exploration & Production

Petronas awards two deep-water blocks to JX Nippon and Inpex

Malaysia’s state-run Petronas has awarded two deep-water offshore exploration blocks to Japan’s JX Nippon and Inpex, Dow Jones reported on Tuesday.

17 January 2012
Companies & Finance

ONGC in talks with ConocoPhillips

India’s state-owned Oil and Natural Gas Corp. (ONGC) is in talks with ConocoPhillips about selling oil and gas stakes, but the two have not signed a memorandum of understanding, Reuters reported on Tuesday.

17 January 2012
Exploration & Production

Australia’s Neon farms back into Vietnam

The small Australian exploration and production company Neon Energy has farmed into two offshore Vietnam blocks, marking its first move in an effort to expand in south-east Asia, the company announced on Monday.

17 January 2012
Exploration & Production

Despite delays, India still set on shale future

India is still intent on developing the country’s vast shale gas reserves, despite the government’s repeated delay in implementing a new shale gas policy and launching the first shale block tender – now unlikely to be held before late 2013 or early 2014.

16 January 2012
Policy & Regulation

Pakistan’s Petroleum Minister to visit New Delhi

Pakistani Petroleum Minister Asim Hussain will visit New Delhi on 24 January to discuss transit fees for the proposed Turkmenistan-Afghanistan-Pakistan-India pipeline, Hussain was quoted as saying in Pakistan Today on Monday.

16 January 2012
Supply & Demand

Korea’s LNG imports rise by 46.6%

South Korea’s LNG imports in December rose by 46.6% compared with a year earlier, Reuters reported on Sunday.

16 January 2012
Supply & Demand

Ma’s re-election could boost Taiwan’s gas consumption

Taiwanese President Ma Ying-jeou won a second four-year term on Saturday, a result that was seen as a boost for Taiwan's business community and which could lead to a rise in gas consumption on the back of a stronger economy.

16 January 2012
Exploration & Production

Dart creates new shale-devoted subsidiary

Unconventional gas developer Dart Energy, which has so far focused on coal-bed methane, has created an international shale gas subsidiary to manage and grow its newly-acquired European shale gas assets, the company announced on Monday.

16 January 2012

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