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

SOCAR looks to wrap up gas-transit talks with Turkey in September

The State Oil Company of the Azerbaijani Republic (SOCAR) will conduct its next round of negotiations with Turkey over issues involved in transiting Azerbaijan gas to Europe, head of the SOCAR foreign investment management division Vagif Aliyev told reporters in Baku on Monday.

12 September 2011
Supply & Demand

Turkmenistan, China developing energy cooperation

The Turkmen capital of Ashgabat hosted the first meeting of a Turkmen-Chinese subcommittee for energy co-operation on Friday.

12 September 2011
Russia is set to launch the Nord Stream pipeline to Germany which will direct about 20 bcm of gas via Ukraine. (PA) Supply & Demand

Gas glut will rapidly be absorbed – IEA chief

Maria van der Hoeven, executive director of the International Energy Agency, tells Andreas Walstad why she thinks the current gas over-supply situation in Europe will not last long, and that new proje

9 September 2011
The Arab Spring has forced Europe to question the reliability of gas supplies from North Africa. (PA) Supply & Demand

Chance gas glut will last longer than 2015 – EUCER’s Frank Umbach

Interfax speaks to Frank Umbach, an Associate Director at the European Centre for Energy and Resource Security King’s College London, about how revolution in Egypt and Libya has impacted European en

9 September 2011
Supply & Demand

Economic Development ministry ups 2011 Russian gas-production forecast by 7 bcm

Russia's Economic Development Ministry has increased its forecast for gas production in 2011 by 7 billion cubic metres to 671 bcm, according to a ministry note attached to the 2012-2014 socioeconomic development forecast submitted to the Russian government.

9 September 2011
Supply & Demand

IEA says Japan’s LNG demand could jump 30 bcm in wake of Fukushima

The International Energy Agency (IEA) said this week that it is revising estimates of Japanese LNG demand growth by up to 30 billion cubic metres per year by the end of 2012, compared to 2010 levels, as a result of nuclear shutdowns following the Fukushima disaster.

9 September 2011
Supply & Demand

Global demand for LNG may create a very competitive market for buyers until 2015

The global LNG industry has grown at an unprecedented rate over the past two years, with first half 2011 production 41% higher than in the same period for 2009.

8 September 2011
Supply & Demand

CNPC to begin construction on third trunk line of CACP next year

China National Petroleum Corp. announced on Thursday that it plans to begin construction of a third trunk line to its Central Asia-China Natural Gas Pipeline (CACP) early next year.

8 September 2011
Supply & Demand

UK gas prices to stay below 80 p/th until 2017

UK gas prices are not expected to breach 80 pence per therm over the next seven years as economic growth is expected to remain low, according to a long-term forecast published on Tuesday by research and consultancy firm EnergyQuote.

6 September 2011
Supply & Demand

Indian gas-fired power plants suffer from shortages

India’s gas-fired power plants required about 82 million cubic metres per day (MMcm/d) to operate at full capacity as of 31 July, but they only consumed about 62 MMcm/d of gas because of supply shortages, the country’s Ministry of Power announced on Monday evening.

6 September 2011
Natural gas storage tanks. (PA) Supply & Demand

Storage, economic woes to limit UK price rise

Although supply disruptions in Libya and Qatar and an increase in LNG demand from Japan have contributed to UK gas price increases, analysts believe that healthy storage levels may help put a lid on p

5 September 2011
Supply & Demand

Fujian sets floating price cap for spot market LNG

Fujian Province has pegged the price of LNG imports purchased on the spot market to the cost, insurance, and freight price under a regulation introduced on 1 September, a spokeswoman with the Fuzhou City pricing bureau told Interfax on Monday.

5 September 2011
Supply & Demand

Fears of maintenance severely impacting Qatari LNG supplies to Europe likely to be overstated

Following the announcement of the planned maintenance at QatarGas trains 5, 6 and 7 over the autumn, the October UK gas contract price rose 7p from 63p/therm to 70p/therm over the course of two days, Deutsche Bank said in its weekly commodity report on Friday.

5 September 2011
Supply & Demand

Ukrainian appeal to international court will only be used as a ‘last resort’

As leaders gathered to meet at the annual Commonwealth of Independent States summit in Dushanbe last week, Ukrainian President Viktor Yanukovich said he considered court action against Russia to be a “last resort” in the country’s current gas standoff with Russian energy major, Gazprom.

5 September 2011
Supply & Demand

Gazprom reps to visit South Korea to discuss joint projects - Korean media

Representatives from Russian gas company Gazprom will visit South Korea to discuss issues involved in the building of a gas pipeline that would join the two countries, Korean media reported today, citing reports from their own sources.

5 September 2011
Supply & Demand

Afghan, Pakistani, Tajik leaders interested in Russian investment in TAPI

Russia's interest to invest in two Central Asia projects – including a project to build a gas pipeline linking Turkmenistan, Afghanistan, Pakistan and India, and a high voltage CASA-1000 electricity transmission project were welcomed in Tajikistan’s capital, Dushanbe on Friday.

2 September 2011
Supply & Demand

Norwegian exports to UK replaced by LNG

Exports of piped gas from Norway to the UK and other European destinations is increasingly being replaced by LNG from overseas as market observers suspect Norwegian suppliers are deliberately holding back production in order to hike market prices.

2 September 2011
Generators for sale in central Baghdad. Iraqis buy generators for their houses to counter long power cuts. (PA) Supply & Demand

Prospects are bleak for Iraqi gas exports

Iraq has neighbours keen to buy its gas, however, poor infrastructure, failure to pass a new oil and gas law and the country’s own gas deficit are severely hindering its export plans.

2 September 2011
Supply & Demand

Israel to start construction of floating LNG terminal in 2012

Limited infrastructure and bureaucratic hurdles may hinder the development of a still nascent gas industry in Israel.

1 September 2011
Oil-indexation of gas contracts is currently squeezing profit margins for utilities across Europe. Supply & Demand

What’s next for European gas trading and supply?

Howard Rogers, Senior Research Fellow at the Oxford Institute of Energy Studies, speaks to Interfax about the outlook for European gas markets and supply.

1 September 2011

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