A meeting of SHPGX personnel. The exchange has not lived up to expectations. (Shanghai Oil and Gas Trading Centre) Market Trading

China’s Henry Hub hopeful fizzles in 2016

Trading on the Shanghai Petroleum and Gas Exchange, China’s hoped-for equivalent of the Henry Hub, remained limited last year.

Essar’s 500 MW gas-fired power plant at Hazira, Gujarat. India’s power demand is expected to increase. (Essar) Fundamentals

India’s power plans underestimate gas demand

India’s National Electricity Plan may be overestimating the role of hydro in future power generation and underestimating gas demand.

Wildcat gives you a head-start on the coming week.

Wildcat’s Pick of the Week

Wildcat gives you a head-start on the week and a round-up of what mattered last week.

16 January 2017

Henry Hub gas price hit lowest level since 1999 last year

Henry Hub gas prices averaged $2.49/MMBtu in 2016, their lowest annual average since 1999, the United States Energy Information Agency has said.

16 January 2017

Japan and Indonesia to cooperate on maritime security

Japan’s Prime Minister Shinzo Abe and Indonesia’s President Joko Widodo have agreed to cooperate on maritime security issues

16 January 2017

Uruguay gambling on Argentina’s demand

The reluctance of Buenos Aires to commit to capacity from Uruguay’s proposed LNG terminal may scuttle the project.

16 January 2017
A consortium of infrastructure funds bought 61% of National Grid Gas Distribution in December. (National Grid)

Funds invest billions in European grids

Funds and insurance companies continue to show an appetite for European gas and power grids, with billions of euros invested in 2016 alone.

16 January 2017

Gazprom agrees lower gas transit price with Georgia

The price Gazprom will pay Georgia to transit gas to Armenia will be lower in 2017 than it was last year.

13 January 2017

Southern Iraq reaches 20 MMcm/d gas output

Southern Iraq is producing around 20 million cubic metres per day of gas.

13 January 2017

Gas supply situation deteriorates in Pakistan

Gas shortages are worsening in Islamabad and the Punjab region of Pakistan.

13 January 2017

South Korea looks to secure US LNG before Trump takes office

South Korea is looking to expand its imports of shale gas from the United States before any possible trade disputes with President-elect Donald Trump.

13 January 2017

Philippines has backup plan for Malampaya maintenance

The Philippines Department of Energy has said it will ensure there is enough backup power to stop brownouts while the Malampaya field is shut down for maintenance.

13 January 2017

British Columbia boosts gas output and exports in 9M 2016

British Columbia’s gas production and exports to the United States increased by 7% in the first nine months of 2016.

13 January 2017
The Peterhead power plant, where Shell had planned to use CCS technology. (Shell)

Gas industry must act to secure its future

The industry needs to realise there’s still work to be done if it is going to convince the public of gas’s potential as a bridge fuel to a low-carbon world.

13 January 2017
Malaysia’s uncontracted LNG supply is forecast to hit 17 mtpa over the next decade. (Petronas)

Malaysia faces LNG oversupply problem

Malaysia is facing an oversupply of gas as it brings new LNG export projects online and has delayed additional export capacity to help balance the market.

13 January 2017

Egypt to meet domestic demand by 2018 – Molla

Egypt will be able to meet its gas needs with domestic output alone by 2018, said Egyptian Minister of Petroleum Tareq El Molla.

12 January 2017

Exxon has never lobbied against Russia or Iran sanctions – Tillerson

Former ExxonMobil Chief Executive Rex Tillerson has claimed that neither he nor his former company ever lobbied against sanctions by the United States on Russia or Iran.

12 January 2017

Taiwan agrees plan to phase out nuclear power by 2025

Taiwan’s legislature passed amendments to the Electricity Act on Wednesday that will pave the way to end nuclear power generation in the country by 2025.

12 January 2017

India seeks advice on gas flow compensation claims

The Indian government is seeking legal advice on whether it can recover $1.55 billion in compensation from Reliance Industries as part of a gas dispute with ONGC.

12 January 2017

Ivory Coast gets new energy minister for new government

Ivory Coast’s president, Alassane Ouattara, has named Thierry Tanoh, former head of Africa’s Ecobank, as the country’s new energy minister.

12 January 2017

Gazprom export price rises for non-FSU countries

The price at which Gazprom will sell gas to non-FSU countries in January has risen to $197/Mcm from $189/Mcm in December.

12 January 2017

Georgia and Gazprom agree new gas transit conditions to Armenia

Georgia has signed a two-year agreement with Gazprom Export for the transit of Russian gas to Armenia.

12 January 2017

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