The LNG terminal on Revithoussa Island, Greece. (EC) Policy & Regulation

Gas market upswing good news for Greek hub plans

Strong investor interest in its grid operator and rising demand are favourable signs for Greece's ambition of becoming a regional gas hub.

By Annemarie Botzki 16 August 2017
Saudi Minister of Petroleum and Mineral Resources Ali Al-Naimi, centre, at the Riyadh International Petroleum, Gas and Petrochemical Industries exhibition in October. The Ministry is reviewing its pricing for liquids, but may not extend this to gas. (PA) Policy & Regulation

Saudis ponder the right price

Pressure is mounting on Riyadh to address the domestic sales price of gas, which currently serves the interest of petrochemicals producers rather than the IOCs exploring for gas in difficult terrain.

4 November 2011
Policy & Regulation

Meeting Middle Eastern gas demand

With gas demand across the Middle East rising, the EIU’s Peter Kiernan discusses how the region will meet its fuel needs.

2 November 2011
Australian Prime Minister Julia Gillard is hoping to push both proposals through this month. (PA) Policy & Regulation

Australia presses ahead with mining, resource taxes

Australia’s House of Representatives is discussing an extension to the country’s Petroleum Resource Rent Tax which could result in a 40% levy on onshore oil and gas output, including CBM and shale

2 November 2011
Policy & Regulation

Liberalise trade and facilitate investment – Li Keqiang

China’s Vice-Premier Li Keqiang has called for trade liberalisation and investment facilitation, especially in the field of natural resources, Xinhua news agency reported on Tuesday.

1 November 2011
At 5 to 10%, China’s new resource tax does not change the oil and gas industry’s positive outlook. (PA) Policy & Regulation

China’s resource tax unlikely to scare investors

A new resource tax comes into force in China on Tuesday, imposing a levy of between 5% and 10% on the country’s largest oil and gas firms.

1 November 2011
Argentine President Cristina Fernandez de Kirchner told companies to repatriate 100% of their future export revenue. (PA) Policy & Regulation

New capital controls make Argentina a riskier business

Ratings agency Moody’s downgraded both Repsol-owned YPF and Petrobras Argentina on Monday, in response to new government decree on export proceeds.

1 November 2011
Policy & Regulation

US to introduce chemical fracking disclosure rules in 2012

The United States Department of the Interior is moving forward on creating new regulations for oil and gas hydraulic fracturing (fracking) which will require disclosure of all chemical fluids used for drilling to protect ground water supply on 700 million acres (283 million hectares) of American public lands, Deputy Interior Secretary David Hayes s

1 November 2011
Policy & Regulation

Ecuador to merge state-controlled companies by 2012

Ecuador will merge its state-controlled oil and gas companies Petroecuador and Petroamazonas by October 2012, with the latter becoming responsible for the state’s exploration and production activities.

31 October 2011
Policy & Regulation

Xinjiang's Yili Prefecture sets retail prices for WEP II gas

Yili Kazak Autonomous Prefecture in the Xinjiang Uyghur Autonomous Region has set retail prices for gas sourced from China National Petroleum Corp.'s (CNPC) second West-East Pipeline (WEP II), a source with the Yili arm of the National Development and Reform Commission (Yili NDRC) told Interfax on Monday.

31 October 2011
Policy & Regulation

Doubt cast on China's ambitious shale gas targets

The Chinese government’s aggressive shale gas production plans will be difficult to achieve, Michael Jones, Business Development Director at Fortune Oil, which holds shale acreage in China, told Interfax on Monday.

31 October 2011
Policy & Regulation

Chinese government must raise domestic gas prices – CNPC source

The Chinese central government needs to raise domestic gas prices to give PetroChina an economic inventive to maintain its pipeline gas import business, a source with China National Petroleum Corp. (CNPC) told Interfax on Friday.

28 October 2011
Policy & Regulation

Audit Chamber criticises Energy Ministry management of production sharing agreements

Russia’s Audit Chamber, the country’s budgetary watchdog, said the Energy Ministry is doing a poor job as the government agency responsible for managing production sharing agreements (PSA).

28 October 2011
Policy & Regulation

New York proposes bill to bar companies investing in Iran’s energy sector

Companies investing in Iran’s energy sector will be barred from doing business with New York state or local governments under new legislation proposed by State Assembly Speaker Sheldon Silver.

28 October 2011
The carbon tax will force the country’s worst polluters to pay for every ton of carbon they emit. (PA) Policy & Regulation

Australia’s carbon tax: A boon for gas generation

After clearing Australia’s lower house of parliament earlier this month, the country’s sweeping carbon tax legislation is all but certain. And while the law will raise taxes for the gas sector, it

27 October 2011
Policy & Regulation

KazMunaiGas shares up for grabs at People's IPO in 2015

In an effort to boost the country’s dormant stock market, shares of the Kazakh oil and gas company KazMunaiGas will be floated as part of the country’s five-year IPO program.

27 October 2011
Some fims are reluctant to enter the Chinese market because of the country’s technology transfer policy. (PA) Policy & Regulation

Navigating China's technology transfer policy

Some foreign firms are reluctant to enter the Chinese market because of China's policy towards technology transfer and IP rights.

26 October 2011
Policy & Regulation

Lanzhou to auction operating rights to 13 gas filling stations

Lanzhou City in Gansu Province will auction off the rights to build and operate 13 vehicular natural gas (VNG) filling stations, a source with the Lanzhou branch of the National Development and Reform Commission (Lanzhou NDRC) told Interfax on Wednesday.

26 October 2011
Policy & Regulation

EC refuses to sign cross-border project agreement

The European Commission has rejected the idea of signing an intergovernmental agreement with Russia to establish the legal framework for trans-border energy projects, including the South Stream gas pipeline project, a source in the Energy Ministry told Interfax on Tuesday.

25 October 2011
Policy & Regulation

Gas price hikes in Jinjiang City have porcelain industry at breaking point

Porcelain manufacturers in Fujian Province's Jinjiang City have lodged a complaint with the local municipal government over price hikes imposed by Jinjiang's gas distributor on industrial users, Wu Shengtuan, director of the city's porcelain federation, told Interfax on Monday.

24 October 2011
Policy & Regulation

Shell wins final approval for Beaufort Sea exploration

Royal Dutch Shell has won the US government’s final approval to begin its long-delayed plans for oil and gas exploration in Alaska’s Beaufort Sea in 2012, the United States Environmental Protection Agency (EPA) announced on Friday afternoon.

24 October 2011

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