Contractors' margins have been squeezed since oil prices fell. (SCP Oilfield Services) Supply & Demand

Industry must evolve to avoid supply gap – Burke

Caution following the drop in oil prices is set to leave a worrying gap in oil and gas supplies, warns Ray Burke, global product leader at GE.

By Silvia Favasuli 18 July 2017
Supply & Demand

Indonesia will find it hard to hit gas targets – state gas executive

Indonesia will struggle to meet its targets for gas use, the commercial director of state gas company PT Perusahaan Gas Negara has said according to local media.

13 July 2017
Supply & Demand

China to take largest share of global 1.6% annual gas demand growth – IEA

Global gas demand is expected to rise by 1.6% per year for the next five years, with China accounting for 40% of this growth, the International Energy Agency has said.

13 July 2017
Supply & Demand

Domestic production cuts Indonesian demand for LNG imports

Indonesia is unlikely to need LNG imports before 2020 because of higher-than-expected gas production, according to the country’s director general of oil and gas.

12 July 2017
Supply & Demand

US LNG exports see strong growth in 2017

United States LNG exports will average 53.8 MMcm/d in 2017, up from 14.2 MMcm/d in 2016, according to the EIA.

12 July 2017
Supply & Demand

African exports down as Italian volumes resume decline

North African pipeline exports to Europe fell by 4.9% week on week in Week 27 as a result of reduced deliveries to Italy.

11 July 2017
Supply & Demand

Chinese gas consumption will reach 323 bcm/y by 2020 – Woodmac

China’s gas consumption will reach 323 billion cubic metres per year by 2020 and 540 bcm/y by 2030, Wood Mackenzie said on Friday.

7 July 2017
The Qatargas 4 LNG plant. IOCs are treading carefully in Qatar. (Shell) Supply & Demand

Middle East states and IOCs tread carefully

Companies are having to work hard to uphold their contracts during the ongoing diplomatic row in the Middle East.

7 July 2017
Supply & Demand

China’s NDRC pushes for increase in gas use

China’s National Development and Reform Commission has released a circular encouraging the increased use of gas in the country over the next few years.

5 July 2017
Supply & Demand

CNOOC’s Zhuhai LNG terminal supplies 1.74 mt

China National Offshore Oil Corp. has said its Zhuhai LNG terminal had supplied 1.84 billion cubic metres of pipeline gas and 1.74 mt of LNG as of 1 July since coming online in October 2013.

5 July 2017
Supply & Demand

Canadian provinces may need LNG and unconventionals to meet future demand

The decline in offshore and onshore gas production in Nova Scotia and New Brunswick will conflict with rising demand in the Canadian provinces over the next 20 years, a CERI study claims.

5 July 2017
Supply & Demand

PetroChina sees gas sales surge in southern China

PetroChina has reported that its south China sales branch sold 5.85 billion cubic metres of gas in the first half of this year, up by 11% year on year.

4 July 2017
Supply & Demand

Recovery in Italian volumes sees African exports grow

North African pipeline exports to Europe rose by 16.7% week on week in Week 26 as deliveries to Italy bounced back to hit their highest levels for six weeks.

4 July 2017
Supply & Demand

Taiwan leads rise in Asian spot LNG prices

Asian spot LNG prices increased by an average of 2.81% month on month in May, with Taiwan registering the largest growth.

4 July 2017
Supply & Demand

South American LNG demand hangs in balance

South America’s two giants have slashed combined spending on gas imports. But the situation is delicately balanced.

3 July 2017
Supply & Demand

SOCAR obtains licence to trade gas in Ukraine

State Oil Company of Azerbaijan Republic has obtained a licence to deliver and sell gas to Ukraine.

30 June 2017
Supply & Demand

Gazprom lifts 2017 production estimate to 450 bcm

Gazprom has raised its production estimate for 2017 to 450 billion cubic metres based on results from the first half of the year, Chief Executive Alexei Miller has said.

30 June 2017
Supply & Demand

United States on course for net exports by 2018 – EIA

US gas exports hit a record high in 2016 following the startup of the Sabine Pass LNG plant and growing pipeline demand from Mexico.

30 June 2017
Supply & Demand

Little change in ranks of major gas users and producers

The world’s biggest consumers and producers of gas have stayed largely the same over the past decade, BP statistics show.

29 June 2017
Supply & Demand

Iran to boost its gas output to 300 bcm/y in five years – minister

Iran is planning to increase its gas production from 200 billion cubic metres per year to 300 bcm/y in the next five years.

28 June 2017
Supply & Demand

Chongqing consumption up nearly 10% in 2017 so far

Chongqing in China consumed 4.07 billion cubic metres of gas in the first five months of 2017, a year-on-year increase of 9.3%.

27 June 2017

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