chinese gas storage facility Supply & Demand

China left with few options to solve gas supply crisis

China has paused an aggressive gasification campaign to stave off a gas supply crisis in northern regions, but limited supply capacity means shortages are likely to persist.

By Colin Shek and Tang Tian 11 December 2017
Supply & Demand

Austria’s OMV increases gas sales

Austrian oil and gas company OMV saw its sales volumes in the supply, marketing and trading business increase by 54% in the third quarter of 2011 compared with the same period last year, the company said in a trading update published on Friday.

21 October 2011
Supply & Demand

Santos LNG projects on track to meet rising Asian demand

Australian gas producer Santos is on track to start exporting gas from its two planned LNG export projects, Gladstone LNG (GLNG) in Queensland in 2015 and PNG LNG in Papua New Guinea in 2014, the group said in its third quarter results published on Thursday.

20 October 2011
Supply & Demand

IEA ministerial meeting highlights energy security issues

The global economic and financial crisis, the Deepwater Horizon incident in the Gulf of Mexico and events in the Middle East have all served to underline the continuing necessity for security of energy supply, the International Energy Agency (IEA) concluded at its 2011 ministerial meeting on Wednesday.

19 October 2011
Supply & Demand

China's natural gas vehicle market gathers speed

China has benefited from the development of the global natural gas vehicle market and is well on its way to becoming a low carbon economy.

19 October 2011
Supply & Demand

Beijing's expanded gas capacity tames fear of shortages

Expanded natural gas transmission and storage capacity in Beijing has lessened the likelihood of gas shortages in the capital this winter, a PetroChina department director told Interfax on Wednesday.

19 October 2011
Supply & Demand

Decision on export route hampering Russia-China gas talks

A lack of agreement on the export route for the transport of Russian gas to China is hampering gas talks between the two countries, a source close to the management at China National Petroleum Corporation (CNPC) today told Interfax on Monday.

17 October 2011
Supply & Demand

China produces 74.4 bcm of gas over 9-month period

China's natural gas output in the first three quarters of the year rose 7% on an annual basis to 74.4 billion cubic metres, the National Development and Reform Commission (NDRC) announced on its official website on Friday.

17 October 2011
Supply & Demand

Norway to miss 2011 production targets – Deutsche Bank

Norway may fall short of its 2011 production target by as much as 5 to 6 billion cubic metres due to ample supplies to Europe from Libya and Qatar, analysts at Deutsche Bank said in its Commodities Weekly report published late on Friday.

17 October 2011
Supply & Demand

Wuhan may limit gas supplies to industry this winter

Wuhan, the capital city of Hubei Province, may limit natural gas supplies to industry this winter to avert natural gas shortages, a representative from the Wuhan arm of the National Development and Reform Commission (Wuhan NDRC) told Interfax on Monday.

17 October 2011
Supply & Demand

CNPC gas supply to Jiangsu and Zhejiang up 34% in three-month period

China National Petroleum Corp. (CNPC) supplied 1.17 billion cubic metres of gas to the coastal provinces of Jiangsu and Zhejiang during this year's peak summer consumption season, up 34.7% year-on-year, CNPC announced on Friday.

14 October 2011
Supply & Demand

Tianjin Municipality to boost gas supply sevenfold by 2015

Tianjin Municipality, a major eastern port city next to Beijing, intends to boost gas supplies sevenfold to 10 billion cubic metres (353 billion cubic feet) by 2015, state media reported Tuesday, citing Jin Jiande, president of Tianjin Gas Group.

13 October 2011
Supply & Demand

Belarus asks Gazprom to delay 2011 gas payments to 2012 - source

Belarus and Gazprom are discussing the possibility of putting off payment of the republic’s 2011 gas debts until next year, a source familiar with the negotiations told Interfax.

13 October 2011
Supply & Demand

Ukraine ups gas royalties 2.8% in September

Ukraine’s Economic Development and Trade Ministry increased the adjusted coefficient for calculating royalty payments on gas by 2.8% – from 1.9286 August to 1.9825 in September.

12 October 2011
Supply & Demand

Coefficient won't lower gas price for Belarus substantially in 2012

The coefficient that will be used to calculate the price of Russian gas that Belarus imports in 2012 will not have a significant effect on the end price of gas.

12 October 2011
Supply & Demand

Russia, China close to gas deal - Sechin

Russia's Deputy Prime Minister Igor Sechin said on Wednesday that Russia and China are close to agreeing a gas deal.

12 October 2011
Supply & Demand

Market conditions favour China in gas talks with Russia

A gloomy outlook for the global economy may work in China's favour in its ongoing natural gas supply negotiations with Russia, a Chinese energy expert told Interfax on Monday.

11 October 2011
Supply & Demand

EMG launches international arbitration against Egyptian gas suppliers

Ampal-American Israel Corporation announced on Sunday that East Mediterranean Gas, the pipeline operator in which it holds a 12.5% interest, is pursuing legal action against Egyptian state-owned companies Egypt General Petroleum Corporation and the Egyptian Natural Gas Holding Company for failure to deliver gas supplies.

10 October 2011
Supply & Demand

Kazakhstan gas production increases 8.2% January to September

Kazakhstan produced 29.5 billion cubic metres of gas between January and September, 8.2% more year-on-year, according to figures from Kazakhstan’s Ministry of Oil and Gas.

7 October 2011
Supply & Demand

Eni CEO confirms October Green Stream start-up

Eni’s Chief Executive Paolo Scaroni confirmed that the company would restart gas exports through the Green Stream pipeline this month on a conference call with analysts on Thursday.

7 October 2011
Supply & Demand

Egypt’s threat to hike Israeli gas prices may be politically motivated

Egypt’s threat to raise the price Israel pays for natural gas may be motivated by “political posturing” before the upcoming elections, Jules Robinson, a researcher at the University of Warwick and regional analyst, told Interfax on Friday.

7 October 2011

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