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US Energy Department considering export consequences

The United States Energy Department will not make a decision on future LNG exports until it has considered the consequences of sending gas abroad, Energy Secretary Steven Chu told lawmakers at a Senate energy committee hearing on Thursday.

17 February 2012
Markets

UK, France nuclear deal meets with scepticism

France and the United Kingdom signed a nuclear cooperation deal worth more than €500m on Friday, with the UK Government saying that the agreement proves its commitment to nuclear in a “diversified energy mix.”

17 February 2012
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Argentine government turns screw on YPF

International and local media have reported that Argentina’s largest oil and gas company YPF has been banned from making foreign trade deals, which would effectively prevent it from importing or exporting hydrocarbons.

16 February 2012
Markets

Sichuan cuts WEP II gas prices in bid to ease shortages

Southwest China's Sichuan Province reduced the wholesale price of gas sourced from the second West-East Gas Pipeline (WEP II) at the start of this year following a twice-yearly price review.

15 February 2012
Markets

Nigerian government plans to raise electricity tariff

The Nigerian federal government plans to raise the price of electricity by up to 88% in order to incentivise the country’s struggling power sector and attract private investment, the Financial Times reported on Monday.

14 February 2012
Environment

Bulgaria and France discuss cooperation in gas and nuclear sectors

French and Bulgarian ministers discussed energy cooperation this week at an EU summit in Paris aimed at exploring opportunities for managing future supply crises and promoting low-carbon alternatives to meeting the continent’s future energy demand.

14 February 2012
Environment

EPA’s fracking conclusions spark fierce criticism

An EPA press release has added fuel to an ongoing debate between proponents and opponents of hydraulic fracturing by questioning the validity and purpose of the procedure.

14 February 2012
Markets

$13 billion bailout keeps Tepco solvent

The Japanese government will provide Tokyo Electric Power Co. (TEPCO) with an additional $13 billion cash injection amid concerns the struggling utility would be forced to delist from the Tokyo stock exchange.

13 February 2012
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War of words between YPF and Argentine authorities

A stand-off between the Argentine authorities and oil and gas company YPF is becoming increasingly hostile, with the country’s provincial governments slapping YPF with an investment deadline.

13 February 2012
Markets

China regulators begin inspecting gas imports

China's General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ) completed its first inspection of imported gas, China National Offshore Oil Corp. , the operator of the receiving terminal, announced last week.

13 February 2012
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China ratchets up shale gas output forecast for 2020

China's shale gas output could exceed 100 billion cubic metres per year (bcm/y) by 2020, Zhang Dawei, deputy director of the Ministry of Land and Resources' (MLR) Oil and Gas Centre, told Interfax on Monday.

13 February 2012
Markets

China's regulators approve clutch of overseas energy investments

The National Development and Reform Commission (NDRC), China's state economic planner, has approved seven overseas oil and natural gas investments made by the country's three state-owned majors

13 February 2012
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Govt says Gazprom should get licence to western part of Shtokman

The Russian government has ordered, in a resolution signed by Prime Minister Vladimir Putin, that Gazprom receive a licence for exploration and extraction of resources from the western part of the Shtokman Gas Field in the central part of the Barents Sea.

10 February 2012
Environment

EU ups pressure on Myanmar to reveal gas revenues

With the prospects of lifting sanctions on Myanmar from late April, the EU is also putting more pressure on the south-east Asian republic to reveal its revenues from the oil and gas sector.

10 February 2012
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Slovakia must strengthen its energy security says IEA report

Slovakia has achieved impressive results in meeting its energy efficiency targets over recent years but needs to do more to strengthen its energy security according to a review of the country's energy policy released by the International Energy Agency (IEA) this week

9 February 2012
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Court to rule on Italgas appeal

A court in the central Italian region of Lazio will rule within seven days on gas distributor Italgas’ appeal against the municipality of Rome’s decision to reassign gas distribution services, Il Sole 24 Ore reported on Wednesday.

9 February 2012
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Indonesia negotiating with Sempra over LNG allocation

The Indonesian government is negotiating with United States-based Sempra Energy to take back over 75% of the 3.7 mtpa of LNG allocated to the company, oil and gas regulator BPMigas told The Jakarta Post on Wednesday.

9 February 2012
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Repsol-YPF CEO meets with Argentine officials

Repsol-YPF Chief Executive Antonio Brufau met with officials from President Cristina Fernandez’s administration on Tuesday to discuss growing political pressure on the company to raise oil and gas output.

8 February 2012
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Sinopec’s Sichuan-Shanghai Pipeline transmits 10 bcm

Sinopec announced on Tuesday that its Sichuan-Shanghai Gas Pipeline (SSGP) has transmitted more than 10 billion cubic metres since it started operations in 2009.

7 February 2012
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Kuwaiti political friction will hold back reform

Following the parliamentary elections in Kuwait on 2 February, friction between the elected parliament and the appointed government will continue to weigh on the reform agenda and hamper political effectiveness, Fitch Ratings said in a statement on Tuesday.

7 February 2012

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