Supply & Demand

Imports

Ukraine to reduce imports of natural gas – PM Azarov

Ukraine is determined to pursue an energy independence and efficiency course and will consistently reduce the amount of natural gas imported from abroad, Prime Minister Mykola Azarov said.

25 January 2012
Imports

Moldovan imports of Russian gas down 3% in 2011

Gazprom supplied Moldova (excluding Transdniestria) with 1.152 billion cubic metres of gas in 2011, a decrease of 3% from 2010, the administration of the Moldovan-Russian joint venture Moldovagas told

25 January 2012
Production & Consumption

Chesapeake production cuts prompt fleeting price rise

A price rise following news of US independent Chesapeake’s planned gas production curtailments will prove transitory without additional support from colder weather or cuts by other drillers, say ana

25 January 2012
Exports

US to become net LNG exporter by 2016

LNG will make a modest contribution to rising United States gas exports between now and 2035

24 January 2012
Imports

Qatar opposes action against Iran

Qatar’s Prime Minister Hamad Bin Jasim Bin Jaber al Thani told reporters on Tuesday that his government opposes any kind of action against Iran, according to a Bloomberg report.

24 January 2012
Production & Consumption

Kuwait’s gas projects set to grow

Kuwaiti gas projects could add some 16.9 MMcm to already existing production of 3.9 MMcm when new projects in the north and the south of the country come onstream later this decade, the country’s Oil Minister Mohammad Al-Busairi told Kuwait News on Monday.

24 January 2012
Imports

Gazprom set to double purchase of Azerbaijani gas

Gazprom Export, the export arm of Gazprom, and the State Oil Company of the Azerbaijan Republic (SOCAR) signed a deal on Monday to increase Russian purchases of Azeri gas to 3 billion cubic metres per

23 January 2012
Imports

Naftogaz Ukrainy doubles selection of imported gas

Ukraine's national oil and gas company Naftogaz Ukrainy more than doubled its selection of imported gas in the middle of last week, compared with the first half of January 2011.

23 January 2012
Exports

Slumping US prices cause tectonic shift in T&T LNG

Slumping prices in North America continue to divert Trinidad and Tobago’s LNG exports away from the United States, without adversely impacting the Caribbean country’s balance sheet, its government claimed at the weekend. Energy minister Kevin Ramnarine said in a statement that 81% of local LNG exports went to markets outside of the US in 2011.

23 January 2012
Exports

Mubarak claims no involvement with gas export deal

Hosni Mubarak’s lawyer said the former Egyptian president had no involvement in drafting a long-term gas contract to export Egyptian gas to Israel, Reuters reported on Sunday.

23 January 2012
Exports

Igor Yurgens on the real danger for Russian oil & gas

Professor Igor Yurgens, chairman of the Institute for Contemporary Development (INSOR) and first vice-president of Renaissance Capital Investment Group, provides an overview of the country’s investm

20 January 2012
Forecasts

A tale of two demand growth patterns

Two main factors stand out when looking at BP’s Energy Outlook 2030, which was released this week.

20 January 2012
Exports

Experts consider three-sided gas transport consortium optimal

The creation of a gas transport consortium involving Ukraine, Russia, and the European Union would increase economic efficiency and lower risks of political pressures.

20 January 2012
Production & Consumption

Azerbaijan 2011 production

Azerbaijan produced 45.3 million tons (mt) of oil in 2011 (10.5% less than in 2010) and 25.7 bcm of gas (2.2% less than 2010), Azerbaijan's State Statistics Committee told Interfax on Thursday.

19 January 2012
Imports

UK’s dependence on Qatari LNG a risk

The UK’s growing dependence on Qatari LNG imports has been called into question, with fears that deliveries will plummet in coming years as the country begins to supply Malaysia, Taiwan and Japan

18 January 2012
Imports

Ukrainian gas imports revealed

Ukraine imported 41.659 bcm of natural gas for $12.786 billion in January-November 2011.

18 January 2012
Exports

Gazprom increases Kazakh gas supplies

Russian gas giant Gazprom increased supplies of gas to Kazakhstan by 10% in 2011 compared to 2010.

18 January 2012
Forecasts

Global energy demand may triple by 2030

Global energy demand is likely to grow by 39% by 2030, or 1.6% annually, almost entirely in non-OECD countries, BP said in its report Energy Outlook 2030, published today.

18 January 2012
Forecasts

CNOOC targets conservative production growth for 2012

China’s CNOOC Ltd, the listed arm of parent CNOOC, intends to produce 330 to 340 million barrels of oil equivalent (MMboe) in 2012, the company told investors in a conference call on Wednesday.

18 January 2012
Forecasts

Storage limits may force shut-ins

Near-capacity storage levels are threatening to choke off the growth in US gas output

18 January 2012

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