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Markets

Antitrust body looks into plans to open up Italian gas sector

Italian Prime Minister Mario Monti’s government has taken a significant step to open up the Italian gas sector, but his attempt to put the transmission system operator (TSO) Snam back into state hands may be delayed by an antitrust investigation.

29 March 2012
Environment

Timor Sea LNG environmental approval extended

The Australian government has approved MEO Australia’s request to extend the Timor Sea LNG project’s environmental approval by five years to 28 March 2017, MEO announced on Thursday.

29 March 2012
Markets

Tepco seeks further funds to help avoid insolvency

Tokyo Electric Power Company (Tepco) has asked the Japanese government for a capital injection of $12 billion dollars in order to help it avoid insolvency.

29 March 2012
Markets

Japan’s LNG imports likely to exceed $78 billion in 2012

Japan’s Institute for Energy Economics (IEEJ) warned on Wednesday that its LNG import bill would likely exceed $78 billion in 2012 if mothballed reactors remain offline.

28 March 2012
Upstream

The future of Israel’s gas exports

Uri Aldubi, chairman of the Association of Oil and Gas Exploration Industries in Israel at the Federation of Israeli Chambers of Commerce, spoke to Interfax about the development of Israel’s giant Leviathan gas field, the promise of future exploration success and the need for the government to sanction gas exports.

28 March 2012
Environment

Energy efficiency directive to strengthen EU’s geopolitical standing

Niki Tzavela is a member of the European Parliament for Greece and is on the parliamentary committee for Industry, Research and Energy. Andreas Walstad asked her about the challenges ahead for a common EU energy policy.

28 March 2012
Upstream

Loophole may allow Mexican shale development

Petrochemicals giant Mexichem is looking to develop Mexico’s first unconventional gas project, but to do so it needs the government to offer shale projects as mining permits to bypass the state’s monoploy on hydrocarbons.

28 March 2012
Upstream

The future of Israel’s gas exports

Uri Aldubi, chairman of the Association of Oil and Gas Exploration Industries in Israel at the Federation of Israeli Chambers of Commerce, spoke to Interfax about the development of Israel’s giant Leviathan gas field, the promise of future exploration success and the need for the government to sanction gas exports.

28 March 2012
Environment

EU calls for global cooperation on nuclear safety

The European Commission has called on the international community to strengthen safety measures at nuclear power plants and for cross-border cooperation in the wake of the Fukushima accident in Japan.

27 March 2012
Environment

Renewables action casts further doubt over targets

The failure of three member states to notify the Commission that they have incorporated the EU directive on renewable energy into national law has cast further doubt over the EU’s binding renewables targets for 2020.

27 March 2012
Upstream

YPF exploration focus narrows as Salta revokes a concession

Salta became the fifth Argentina province to revoke oil and gas concessions held by YPF, but the moves still appear to be political posturing, with the company holding onto fields that provide most of its output.

27 March 2012
Markets

Russia and Croatia discuss energy cooperation

Russian Minister of Energy Sergei Shmatko and Radimir Cacic, Croatia's economy minister and first deputy prime minister, have discussed future energy cooperation between the two countries.

27 March 2012
Markets

Factions square off over China gas pricing reform

China’s prodigious appetite for natural gas has exposed an ongoing struggle between two camps over how the country will price the fuel in the future.

27 March 2012
Upstream

Australia’s make-or-break ruling on Browse LNG expected soon

Australia plans to decide within the next few weeks on whether to allow the Browse LNG project’s final investment decision to be postponed to next year. If given the go-ahead, Browse could become the next Australian project in line for sanctioning.

27 March 2012
Environment

'Gutsy' Aussie govt

GE Vice-Chairman John Rice has called the Australian government “gutsy” for following through on its promise to introduce a carbon tax and said the A$23 ($24.12)/tCO2e would prompt the company to allocate more resources to carbon-reducing technologies.

26 March 2012
Environment

South Australia signs up to tougher mining regulations

South Australia has become the third state to sign up to tougher regulations for CBM and large coal mining projects, Prime Minister Julia Gillard’s office announced on Thursday, after the state signed her government’s National Partnership Agreement on Coal Seam Gas and Large Coal Mining.

26 March 2012
Markets

Time is running out for Bolivia

Despite the grandiose infrastructure plans, Bolivia’s domestic gas sector is stagnating. As neighboring Brazil and Argentina build alternative supply channels, Bolivia’s time to develop alternative markets for its gas is running out.

26 March 2012
Environment

Political temperature rises over Chevron spill

The Brazilian government’s handling of the Chevron oil spill reveals the creeping politicisation of the country’s energy industry, local lawyers have told Interfax.

26 March 2012
Upstream

Producers call to defer tax decoupling debate

Alaska is trying to reform its oil and gas tax system to encourage more investment, but companies see little use in rushing to iron out the details of gas tax provisions, with substantial gas production unlikely in the near future.

23 March 2012
Markets

Indian government consideing pricing reform

The Indian government has started considering gas pricing reform with the aim of incentivising gas production, Prime Minister Manmohan Singh said on Friday, according to The Hindu.

23 March 2012

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