The Peterhead power plant. Policy & Regulation

UK’s new CCUS measures unconvincing, analysts say

The UK’s Clean Growth Strategy contains measures to develop CCUS technology, but analysts see little that will bring results.

By Silvia Favasuli 20 October 2017
Policy & Regulation

China's LNG terminals lose full VAT rebates - analyst

China's central government intends to reduce VAT rebates for LNG import, an industry analyst told Interfax on 30 August.

1 September 2011
Policy & Regulation

China to drop CBM equipment import tariffs

China will eliminate tariffs and value-added taxes on equipment used to explore and develop coal-bed methane starting this year, according to a statement issued on 30 August by the Ministry of Finance.

31 August 2011
Policy & Regulation

New Zealand pushes to tighten exploration permitting rules

New Zealand is pushing to replace its first-come, first-served system of allocating oil and gas exploration permits with a more stringent and internationally competitive method beginning next year, the Ministry of Petroleum & Minerals announced on Tuesday.

31 August 2011
Policy & Regulation

Australian opposition to coal seam gas ignores benefits to China

The efforts of Australian political party The Greens to curb coal seam gas (CSG) production and exploration because of environmental concerns fails to take into account the positive effects of providing China with gas to fuel more eco-friendly energy, according to one energy analyst.

30 August 2011
Policy & Regulation

Pakistan’s LNG policy shows ‘sincere’ push to up gas supplies

The changes made to Pakistan’s LNG policy suggest that the government is making a genuine effort to entice foreign investors to build the country’s first regasification terminal, but whether companies will overlook the numerous past corruption scandals remains to be seen, a financial consultant at Deloitte Touche Tohmatsu in Karachi told Interfax today.

30 August 2011
Policy & Regulation

Australia considers taxing NWS LNG products

The Australian government is seeking public comment on draft legislation that would extend the petroleum resource rent tax (PRRT) that covers offshore oil and gas activities to onshore upstream projects such as the expansive North West Shelf (NWS) LNG development, it announced today.

26 August 2011
Policy & Regulation

Turkmen price hike to “heavily impact” Chinese chemical firms - analysts

Chemical firms in China’s Southwestern province face major slowdowns, or potential closures from the planned price increase of gas imports from neighbouring Turkmenistan.

26 August 2011
Policy & Regulation

Pessimism returns over prospects for new oil and gas law in Iraq this year

When the Iraqi Parliament resumes after Eid, pushing through a new oil and gas bill will be top of the agenda.

26 August 2011
Policy & Regulation

New Jersey puts one-year ban on fracking

New Jersey has imposed a one-year moratorium on hydraulic fracturing, or “fracking”, in the north-eastern US state, at a time when the federal government is reviewing the environmental impact of the controversial drilling method and when estimates of the country’s shale gas reserves are coming into question.

26 August 2011
Policy & Regulation

Peru’s new indigenous law is largely symbolic – analysts

Analysts have said that the approval of a bill by Peru’s Congress that will oblige gas companies to consult with the country’s indigenous communities before drilling is largely symbolic, as the state will still have final say on projects.

25 August 2011
Policy & Regulation

Shahristani appointed as Iraq’s acting electricity minister

Iraqi Prime Minister Nouri al-Maliki appointed the Deputy Prime Minister for Energy, Hussein al-Shahristani, as acting minister of electricity yesterday.

25 August 2011
Policy & Regulation

Brazil’s pre-salt auctions may be delayed until 2013

Brazil’s government will likely delay the country’s eleventh oil and gas block auction until January or February next year, Energy Minister Edison Lobao has said.

24 August 2011
Policy & Regulation

Suncor reviews value of Ebla gas plant, as fresh sanctions imposed against Syria

Canada’s Suncor Energy is reviewing the sanctions imposed by the United States against the Syrian government, but has not yet announced plans to withdraw from its gas operations there.

24 August 2011
Policy & Regulation

Experts warn of major fallout for Russian companies in Libya

As preparations for a new order in Libya intensify, Russian oil and gas companies are at risk of being ousted from the country, with contracts either annulled or renegotiated in favour of American and European companies.

24 August 2011
Policy & Regulation

Shale gas to be classified as an independent mineral resource

China's Ministry of Land and Resources (MLR) plans to classify shale gas as an independent mineral resource in a bid to accelerate development of the unconventional gas sector, according to a report the ministry released on 22 August.

24 August 2011
Policy & Regulation

Total approved for Yamal LNG stake acquisition

French major Total has secured approval from Russia’s Federal Antimonopoly Service (FAS) for a 20.5% stake in the Yamal-LNG project, the FAS said in a statement released today.

23 August 2011
Policy & Regulation

Challenges remain for TNK-BP in Itera share deal

Russia’s Federal Anti-monopoly Service (FAS) has suspended consideration of the proposed 50% acquisition of natural gas producer and trader Itera by oil and gas company TNK-BP because the deal has to be referred to the government’s commission for monitoring foreign investment, an FAS source told Interfax.

23 August 2011
Policy & Regulation

Petrobras CFO: we may catch ‘Dutch disease’

The success of Brazil's oil and gas industry may harm the country’s manufacturing sector in an economic phenomenon called ‘Dutch disease’, according to the Chief Financial Officer of state-controlled energy giant Petrobras.

23 August 2011
Policy & Regulation

Chinese loan aims to kick-start Ghana’s gas sector

The China Development Bank has loaned Ghana $800 million to develop its gas infrastructure but, with the size and accessibility of the African country’s reserves still unknown, this is likely to be

23 August 2011
Policy & Regulation

China to offer VAT rebates on natural gas imports

China plans to grant value added tax (VAT) rebates to gas projects approved by the National Development and Reform Commission (NDRC), the Ministry of Finance (MOF) announced on 22 August.

22 August 2011

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