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Markets

Gas transport tariff for independent producers may be indexed 6%-12% by July 2012

The tariff for transporting gas charged to independent producers may be indexed by from 6% to 12% as of 1 July next year, head of the Federal Tariff Service (FTS) Sergei Novikov told reporters on Wednesday.

21 September 2011
Markets

Fujian Province pegs LNG retail price to spot market

Fujian Province has temporarily set its retail gas price at RMB 3.88 ($0.60) per cubic metre, effectively pegging the price to the cost of LNG purchased on the spot market, the Fujian Provincial Pricing Administration (FPPA) announced on Monday.

21 September 2011
Markets

Tariff for Sakhalin-Vladivostok gas pipeline does not cover Gazprom costs - FTS

The tariff for transporting gas through the new Sakhalin-Khabarovsk-Vladivostok trunk pipeline does not cover Gazprom's construction costs for the pipeline, the head of the Russian Federal Tariff Service (FTS), Sergei Novikov, told Interfax on Wednesday.

21 September 2011
Upstream

Alaska leases up for grabs this year

Immediate action has been taken on Washington’s promises to enact the regulatory changes needed to incentivise drilling, with about three million acres of onshore land in Alaska to be offered for oil and gas leasing in late 2011.

21 September 2011
Upstream

Kurdistan PSC contracts made public

The Kurdistan Regional Government (KRG) is boosting its transparency credentials by making all production sharing contracts (PSCs) signed with foreign oil companies available to the public on its website.

21 September 2011
Markets

Europe sees increase in gas trading

European wholesale gas markets have become more liquid since 2009 as more players enter the markets to diversify from long-term, oil-indexed supply contracts.

20 September 2011
Environment

Shell secures EPA permits for offshore Alaska drilling

The United States Environmental Protection Agency (EPA) has granted Shell final air permits for oil and gas drilling in Alaska’s Beaufort and Chukchi seas, allowing the company to begin exploration drilling in 2012, the agency announced on Monday.

20 September 2011
Upstream

Yanukovich's visit to Ashgabat includes gas and pipeline talks

The Ukrainian President Victor Yanukovich met his Turkmen counterpart Gurbanguly Berdimuhamedov in Turkmenistan this month to discuss potential gas deliveries from Turkmenistan to Ukraine.

20 September 2011
Upstream

Brazil to redraw tax laws to meet local content requirements

Brazil is set to redraw the rules governing oil and gas taxation to reduce the country’s reliance on imported machinery, and stimulate the local manufacturing industry.

19 September 2011
Upstream

Indian panel rules out LNG price pooling mechanism

Domestic gas users in India should not pay higher “pooled” prices that take into account the market-based cost of LNG, an inter-ministerial panel said in a report on Monday, reversing an earlier opinion in favour of the proposed system of price pooling.

19 September 2011
Upstream

The US gas lobby has two key weapons

The US gas lobby is likely to tout the role of hydrocarbons in creating both wealth and energy independence as it campaigns for the expansion of domestic oil and gas exploration.

19 September 2011
Upstream

Gazprom may get 11.2 billion rubles budget for Sakhalin-2 gas purchases in 2012

Gazprom could receive 11.2 billion rubles ($361 million) from the country's budget in 2012 as compensation for the procurement of gas extracted in the Sakhalin-2 project and Far East regional gasification plans.

19 September 2011
Markets

Poland

Poland's parliament passed a bill late on Friday that aims to liberalise gas storage regulations.

19 September 2011
Environment

Fossil Feud

Leigh Elston delves into the debate surrounding shale gas drilling.

19 September 2011
Upstream

Squabbles over Brazil’s pre-salt spoils may delay auctions

The fair partition of royalty revenue between states appears to be the hardest knot to unravel in the country’s new pre-salt legislation.

15 September 2011
Markets

Zhejiang Province’s Jinhua City pegs pipeline gas tariff to LNG spot market

Zhejiang Province’s Jinhua City has pegged the price of pipeline gas to the cost of LNG purchased on the spot market under a regulation introduced by the Jinhua Municipal Price Bureau state media reported today.

15 September 2011
Upstream

Lobbying likely to go local in the United States

United States oil and gas company ConocoPhillips has launched a major public relations campaign for gas, calling for the fuel to play a greater role in the country’s energy needs.

15 September 2011
Markets

Draft Ukrainian state budget puts import gas price at $414-$416/Mcm

Ukraine's draft state budget for 2012 envisions the cost of imported natural gas running from $414 to $416 per thousand cubic metres, First Deputy Prime Minister Andrei Klyuyev said at a Wednesday briefing in Kiev.

15 September 2011
Upstream

Iraq prepares for fourth licensing round

Iraq has lined up 46 pre-qualified bidders for its exploration licensing round early next year showing that, despite the failure of the government to pass a new oil and gas law, interest in the countr

14 September 2011
Upstream

Russia and Belarus to sign gas deal in December

Russia and Belarus are preparing to sign a new deal on gas supplies in December, before the expiration of the current deal, Russian state gas export monopoly Gazprom said in a statement on Monday.

13 September 2011

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