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EU Energy Policy

Italy’s strategic gas reserves see little use

Italy has made use of its strategic gas reserves on only two occasions, in the winters of 2004-2005 and 2005-2006, according to an OIES study.

23 September 2015
Policy & Regulation

Chinese wholesale LNG prices see slight drop

Wholesale LNG prices from Chinese plants fell by 0.66% last week from the previous week, to $10.97/MMBtu. Supply increased, with two new plants going online, and several producers had excess stockpiles.

23 September 2015
Supply & Demand

Medgaz exports plummet from two-year high

North African pipeline exports to Europe fell by 0.6% week on week in Week 38, led by a 14.8% drop in transit via the Medgaz pipeline between Algeria and Spain.

22 September 2015
LNG

Asian spot LNG prices inch up

Spot LNG prices in Japan, South Korea, China and Taiwan were steady last week, inching up by 0.39% from the previous week.

22 September 2015
Supply & Demand

Deal close on Ukrainian winter package

A breakthrough in the talks between Gazprom and Naftogaz Ukrainy could be made soon after the heads of the two companies met last week to discuss a new winter gas deal.

21 September 2015
Supply & Demand

European gas consumption drops in June

Gas consumption in OECD Europe managed a robust growth of 8.4% in the first half of 2015 year on year, despite a marginal 0.6% drop in June, according to the International Energy Agency.

18 September 2015
LNG

Malaysia’s LNG revenue up for second month

Malaysia’s LNG export revenues were up for the second month in a row in July as prices recovered, and they are likely to keep rising over the next few months.

17 September 2015
LNG

Chinese LNG prices cut to clear holiday stockpile

Chinese LNG producer prices fell by 0.71% last week from the previous week, as several producers had to cut prices to sell stockpiles built up during the national holiday.

16 September 2015
Supply & Demand

Medgaz transit volumes hit new highs

Pipeline gas exports from North Africa to Europe fell by 0.7% last week, to 580.5 MMcm, while Medgaz transit rose by 2.9%, to 158.1 MMcm, the highest weekly volume of the last two years.

15 September 2015
LNG

Asian LNG prices holding steady

Asian spot LNG prices climbed by 0.26% last week from the previous week, averaging $7.61/MMBtu on 11 September.

15 September 2015
Supply & Demand

Lower prices raise demand for Russian gas

Gazprom has estimated the average price for the gas it sells to Europe will be $237-242/Mcm in 2015, down from previous estimates, says Société Générale.

14 September 2015
Supply & Demand

Tanzania’s offshore gas: what the people want

Citizens in Tanzania have unrealistic expectations of the opportunities gas development will bring, according to a mobile phone survey conducted by Twaweza.

11 September 2015
LNG

LNG price gains boost Indonesia’s export revenue

Indonesia benefited from a slight rally in LNG prices in July, but export revenues are still far below where they were a year ago.

10 September 2015
EU Energy Policy

Three nations hold 50% of EU storage capacity

Germany, Italy and France account for 50% of gas storage capacity in Europe, the European Commission highlighted in a recent report, citing data from Gas Storage Europe.

9 September 2015
Policy & Regulation

PetroChina pipes most gas in August

A total of 57.47 MMcm of pipeline gas was sold at the SHPGX exchange in August. PetroChina sold approximately 56 MMcm from the West-East Pipeline network at Shanghai’s two citygates.

9 September 2015
Supply & Demand

Medgaz transit highest since 2013

Pipeline gas exports from North Africa to Europe fell by 1% week on week to 584.7 MMcm in Week 36.

8 September 2015
Supply & Demand

Asian spot LNG prices receive a boost

Spot LNG prices in Japan, South Korea, China and Taiwan rose from an average of $6.88/MMBtu in July to $7.32/MMBtu in August.

8 September 2015
Global Markets

China sees profit in Latin America

Latin America’s energy sector has attracted nearly 28% of total Chinese lending to the region over the past decade.

7 September 2015
Global Markets

European gas consumption picks up in July

Gas consumption in key European markets rose by more than 6% year on year in the first seven months of 2015, albeit from a low base.

7 September 2015
Companies & Finance

Offshore upswing boosts UK energy production

The UK’s domestic energy production rose by 8.9% to 31.1 mt of oil equivalent in Q2 2015, boosted by increased production on the UK Continental Shelf.

4 September 2015

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