PetroChina’s Dalian LNG terminal. Even with LNG imports, gas users could face supply cuts this winter. (Interfax) Imports

China braces for winter gas shortages again

Non-residential gas users in China are likely to face supply cuts at the start of 2017, with a particularly cold winter forecast and scarce storage volumes available.

OPEC proposed cutting oil production following a meeting in Algers in September. (OPEC) Production & Consumption

OPEC deal set to hit Saudi gas production

Saudi Arabia is grappling with conflicting priorities – it needs to cut oil production to buoy prices but also wants to produce more gas to meet domestic demand.

Beijing estimated to use 11.3 bcm of gas this winter

Beijing is expected to consume 11.3 billion cubic metres of gas during the winter heating season.

27 October 2016

Pakistan’s LNG imports set to surge

Pakistan is set to import 85 million cubic metres per day (MMcm/d) of gas as LNG by 2018

26 October 2016

Gazprom lowers 2016 production estimate

Gazprom has lowered its official gas production estimate for 2016, to 409.4 billion cubic metres, several sources at the Russian gas giant have told Interfax.

26 October 2016

Gazprom lowers 2016 production estimate

Gazprom has lowered its official gas production estimate for 2016 to 409.4 billion cubic metres, several sources at the Russian gas giant have told Interfax.

25 October 2016

Pertamina boosts oil and gas prodcution in Q3

Indonesia’s Pertamina has increased its oil and gas production in Q3 2016 compared with the same quarter last year.

25 October 2016

CNPC expects shale block to beat production targets

China National Petroleum Corp. said its Changning-Weiyuan shale gas block in Sichuan province has produced 1.81 bcm this year as of 17 October.

25 October 2016

IMF delivers warning to African commodity exporters

African economies risk spiralling out of control if they cannot adapt to the new era of lower commodity prices.

25 October 2016

Novatek gas production will fall in 2017 – Mikhelson

Novatek expects gas production to decline slightly in 2017, Leonid Mikhelson, the company’s co-owner and chief executive, has said.

25 October 2016

NPD approves production from Norway’s Ivar Aasen field

The Norwegian Petroleum Directorate has approved the start of production from the Ivar Aasen field in the North Sea.

25 October 2016

SOCAR’s gas output down by 8.8% in Q1-Q3 2016

State Oil Company of Azerbaijan Republic produced 5.68 mt of oil in the first nine months of 2016, down by 8.7% compared with the same period in 2015.

24 October 2016

China’s NDRC calls for max output this winter

China’s state economic planner, the National Development and Reform Commission, has asked the country’s NOCs to produce at maximum output at major gas fields during winter.

21 October 2016

Ukraine to import 1.3 bcm of gas from Europe in October

Naftogaz Ukrainy plans to import 1.3-1.4 billion cubic metres of gas from Europe in October.

21 October 2016

Portuguese LNG imports spike in recent months

Portugal increased the amount of LNG it imported in August and September on an annual basis.

21 October 2016
The Rough storage facility off the UK coast. The site has suffered technical problems. (Centrica)

UK could face price spikes in cold weather

A cold spell could cause price spikes in the UK, given issues at the Rough storage site, French nuclear shutdowns and cuts at Groningen.

21 October 2016

European gas consumption up 6% y-o-y on power sector demand – Eurogas

Gas consumption in Europe is expected to increase by 6% this year largely as a result of an increase in gas demand for power generation, Eurogas has said.

21 October 2016

Dangote eyes West Africa supply pool role

Nigeria’s largest conglomerate, The Dangote Group, has suggested it is looking for a role in West Africa’s gas supply pool.

20 October 2016

Ukraine’s gas consumption fell by 10% in 9M 2016

Ukraine reduced its gas consumption by 10% on an annual basis between January and September, to 20.75 billion cubic metres.

20 October 2016

China doubles unconventional gas output

China’s gas production for the first three quarters of 2016 climbed by 2.2%, with a drop in conventional production offset by a near-doubling in unconventional output.

19 October 2016

Shah Deniz exports up 10%

Gas exports from the first stage of Azerbaijan’s Shah Deniz amounted to 5.3 billion cubic metres from January-September 2016.

19 October 2016

World Bank endorses guarantees for Naftogaz winter supplies

The World Bank’s board of governors has endorsed guarantees for a total of $500 million for Naftogaz Ukrainy to buy gas.

19 October 2016

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