Location of the Groningen gas field, the Netherlands. There is little silver lining for the field’s output. (Skitterphoto) Supply & Demand

Groningen, Rough problems will boost gas prices

Continued production cuts at the Groningen gas field are reducing Dutch exports to marginal levels, increasing price volatility as well as Europe’s reliance on imported LNG and Russian gas.

By Silvia Favasuli 21 April 2017
Financial constraints, US resistance and security concerns are obstacles to completing the IPI pipeline. (PA) Supply & Demand

Pakistan pushes ahead with IPI but delays expected

Pakistan says that it is forging ahead with plans to complete its section of the Iran-Pakistan-India natural gas pipeline in 2014. However, staunch opposition from the US, high costs and security concerns and Indian wariness of dealing with its neighbour and foe may delay construction of the Pakistani branch and keep the Indian branch from ever bei

18 July 2011
Supply & Demand

Hainan Province gas demand exceeds supply by 140 mcm in H1

Gas demand in Hainan Province has surpassed supply in the first six months of 2011 by some 140 million cubic metres (MMcm), the Hainan Daily reported on Thursday.

15 July 2011
Supply & Demand

Eni unlikely to suffer from halt of Libyan cooperation

The Libyan leader Muammar Gaddafi’s decision to cease cooperation with Italy’s Eni is unlikely to have much of an impact on the oil and gas major or the Italian gas sector, at least in the near-term.

15 July 2011
Supply & Demand

LNG exporters hit by carbon tax

LNG producers in Australia will have to pay A$23 ($25) per ton of CO2 on 50% of their emissions by 2015 under a new carbon tax introduced by the Federal government yesterday.

11 July 2011
Supply & Demand

Sulige gas field to produce 23 bcm of gas in 2015

China National Petroleum Corp.'s (CNPC) joint-operated Sulige gas field is forecast to produce 23 bcm of natural gas in 2015, CNPC announced 6 July.

6 July 2011
Supply & Demand

LNG imports up 66% at CNOOC's Fujian terminal

China National Offshore Oil Corp.'s (CNOOC) Fujian LNG import terminal received 20 deliveries of LNG in the first half of this year, a government bureau announced today.

5 July 2011
Supply & Demand

US gas prices to rise on economic recovery – Deutsche Bank

The longer-term fundamental supply/demand picture for US natural gas is tightening, partly on the back of an expected recovery in the US economy by 2012, analysts at Deutsche bank said in a quarterly report, Deutsche Bank Commodities Quarterly, published today.

5 July 2011
Supply & Demand

Gazprom to decide on Kovykta gas supply scheme after local demand analysis

Gazprom will decide on the destinations for gas supplies from the Kovykta field in the Irkutsk region once a local gasification scheme has been prepared, the company's CEO, Alexei Miller, told a press conference today.

4 July 2011
Supply & Demand

Gas production at Bovanenkovo to reach 115 bcm by 2016

Gas deliveries from the Bovanenkovo field on the Bovanenkovo-Ukhta pipeline will begin in the third quarter of 2012 and subsequently rise to 115 billion cubic metres, Prime Minister Vladimir Putin said at an inter-regional conference of the ruling United Russia party in Yekaterinburg.

1 July 2011
Supply & Demand

Gazprom to update gas contracts as it enters European electricity market

Gazprom plans to update existing gas delivery contracts when the company begins taking part in electricity generation projects in Europe, Gazprom CEO Alexei Miller said in his report to shareholders today.

1 July 2011
Supply & Demand

Iraq signs ‘political’ gas import deal with Iran

Iraq, which is struggling to secure an additional 4,000 megawatts (MW) of electricity supplies by the summer of 2012, is turning to Iran to help meet its short-term gas-to-power needs.

1 July 2011
With Dunkirk and other proposed LNG terminals in the pipeline, France looks comfortable to deal with rising gas demand at least for the next few years. (PA) Supply & Demand

Does France need a fourth LNG terminal, and why now?

Although French consumption of natural gas is expected to increase steadily over the coming years, due to increased demand from power generators and industrial producers, supplies look ample at least for the near future, experts say.

1 July 2011
Supply & Demand

Ukraine received 75% of planned gas deliveries in first half 2011

Ukraine received 75% of planned gas imports for the full year from Russia in the first half of 2011. It took more gas in the first half because prices are expected to rise in the second half.

30 June 2011
Supply & Demand

Kunlun Energy to supply China with 10 mtpa of LNG by 2013

Hong Kong Stock Exchange-listed Kunlun Energy Co Ltd. plans to sell 10 million tons per annum of LNG to China by 2013, a company official said at an industry forum on Tuesday.

30 June 2011
Supply & Demand

Gazprom raises nearly $1 billion in export financing for Nord Stream compressor station

Gazprom raised around $950 million in funding to build the Portovaya compressor station, which will pump gas into the submarine section of the Nord Stream gas pipeline between Russia and Germany, Gazprom's financial and economics department said in a presentation.

30 June 2011
Supply & Demand

IEA sees ‘significant’ rise in China gas demand

"Natural gas demand in China will rise faster than we had expected," Nobuo Tanaka, executive director, International Energy Agency told delegates today at the FT Global Energy Leaders Summit 2011, in London.

28 June 2011
Supply & Demand

Ukraine demand a fairer gas transit price

A fair price for the transit of Russian gas through Ukraine's pipeline system should be at least double the current level, the Ukrainian Cabinet said today in a resolution, citing a Ukrainian academic study.

27 June 2011
Supply & Demand

Thailand’s PTT to import more LNG

Thailand's state-owned PTT plans to import more LNG to offset the gas supply loss from a leaking pipeline, the energy conglomerate said in a statement to the Stock Exchange of Thailand today.

27 June 2011
A Chinese soldier stands guard under Russian and Chinese flags in Beijing's Tianamen Square. An agreement would allow Russia to diversify its natural gas sales, reducing reliance on European buyers, and China would have the security of Russia’s long-term supply. (PA) Supply & Demand

Russia and China continue gas talks

China is Russia’s second biggest trading partner, and oil, gas, coal and electricity play a crucial role in their bilateral commercial relations.

27 June 2011
Supply & Demand

Dubai to buy more gas to meet power needs

The Dubai Electricity and Water Authority (DEWA) is being forced to buy more gas on the global market to meet domestic demand for electricity, and is doubling the size of a planned coal-fired power station, Reuters reported Thursday.

23 June 2011

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