Sinopec’s LNG terminal in Beihai. Supply & Demand

China gas boom to trigger new ‘LNG super-cycle’

Chinese importers need to start contracting for more LNG to avoid a supply shortfall early next decade that could spark a new ‘super-cycle’ in export projects.

By Colin Shek 18 October 2017
Supply & Demand

Russia wants to increase Azerbaijani gas buys - SOCAR chief

Russia is interested in increasing the amount of gas it buys from Azerbaijan, the president of State Oil Company of the Azerbaijani Republic (SOCAR), Rovnag Abdullayev, told the press at the annual Gas Infrastructure World Caspian 2011 conference in Baku on Wednesday.

21 September 2011
Supply & Demand

Shah Deniz consortium to decide on gas export route to Europe by 2012

Participants in the Shah Deniz project in Azerbaijan's sector of the Caspian Sea will decide by 2012 on a route to deliver the project's gas to European markets, Richard Tawse, the project's commercial manager, said at the annual Gas Infrastructure World Caspian 2011 in Baku on Wednesdsay.

21 September 2011
Supply & Demand

Gas independents to maintain supply deals with E.On Russia

E.On Russia, the Russian electricity arm of German utility E.On AG, plans to maintain the proportion of gas it consumes from independent gas suppliers throughout 2012, chairman of the company's board of directors Sergei Tazin said on Wednesday.

21 September 2011
Supply & Demand

SOCAR looks to supply gas directly to DEPA in Greece

The State Oil Company of the Azerbaijani Republic (SOCAR) is negotiating with Greece's national gas company DEPA and Turkey's Botas over direct gas shipments to Greece, SOCAR Vice President Elshad Nasirov told reporters on Wednesday.

21 September 2011
Supply & Demand

Azerbaijan may supply 10 bcm of gas annually to Europe from 2017-2018 - SOCAR

Starting from 2017 or 2018, Azerbaijan is prepared to supply Europe with 10 billion cubic metres of gas a year, the State Oil Company of the Azerbaijani Republic's (SOCAR) President Rovnag Abdullayev said on Wednesday at the third annual Gas Infrastructure World Caspian 2011 conference.

21 September 2011
Supply & Demand

Azerbaijan, Turkey eye Shah-Deniz gas deal ahead of meeting

Azerbaijan and Turkey expect to complete talks on the purchase, sale and transit of gas to be produced for phase two of the Shah-Deniz project ahead of talks in October, Rovnag Abdullayev, president of the State Oil Company of the Azerbaijani Republic (SOCAR), told reporters on Tuesday.

20 September 2011
Supply & Demand

Argentina seeks bigger budget for LNG imports

Argentina's government is seeking an additional 10 billion Argentine pesos ($2.38 billion) in its 2012 budget to cover the costs of increased energy imports, including LNG, according to Bloomberg.

20 September 2011
Supply & Demand

Indonesian gas production rates exceeding 2011 forecasts

Gas production levels from 14 of Indonesia’s 56 gas producers are exceeding 2011 state budget targets, lifting output rates from January to August 9% above overall 2011 estimates, according to state regulator BPMigas said this month.

19 September 2011
Supply & Demand

SOCAR to maintain 2011 gas output at last year's level

The State Oil Company of the Azerbaijani Republic plans to produce 7.2 billion cubic metres of gas in 2011, equal to 2010 production results, the company said in a statement on the website of the country's ruling party, Yeni Azerbaijan, quoting the company's President, Rovnag Abdullayev.

19 September 2011
Supply & Demand

Gazprom signs purchase-sale agreement for SeverEnergia gas

Gazprom has signed an agreement with Severenergia under which the Russian gas giant agreed to buy gas produced at the Samburskoe field developed by Arcticgaz.

19 September 2011
Supply & Demand

Turkmen gas compressor to boost export capacity

Turkmenistan’s Hazar gas compressor station has been put into operation near the Caspian coast in Turkmenistan, boosting its annual export capacity by 2 billion cubic metres.

19 September 2011
Supply & Demand

China consumes 84.2 bcm of natural gas in first eight months – NDRC

China consumed 84.2 billion cubic metres of natural gas from January to August this year, up 21.7% from the same period in 2010, the National Development and Reform Commission (NDRC) announced on 15 September.

16 September 2011
Supply & Demand

Ukraine plans to transit 110 bcm of gas in 2012

The Ukraine government estimates that 110 billion cubic metres of natural gas will transit its territory next year, according to a draft of the country's 2012 state budget posted on the Ukraine parliamentary website.

16 September 2011
Supply & Demand

Russian gas for Ukraine in Q4 2011 set at $398-$402

The price of Russian gas for Ukraine in the fourth quarter of 2011 has been set at $398-$402 per thousand cubic (Mcm) metres, the Energy and Coal Industry Minister of Ukraine Yuriy Boiko said at a briefing in Kiev on Friday.

16 September 2011
Supply & Demand

Gazprom kicks off gas pipeline talks with North and South Korea

Gazprom CEO Alexei Miller met with North Korean Oil Minister Kim Hui Yong on Thursday to discuss issues relating to a proposed pipeline running from Russia to the Korean Peninsula.

16 September 2011
Supply & Demand

UK gas prices must rise to compete for LNG

UK natural gas prices will likely have to rise above the current levels in order to compete with Japan and South Korea for LNG deliveries, analysts at Bank of America Merrill Lynch said in a report on Friday.

16 September 2011
Supply & Demand

United States gas lobby ‘pushing on an open door’

A report released by the United States industry body National Petroleum Council (NPC) on Thursday said that North American oil and gas reserves are far greater than commonly thought.

16 September 2011
Supply & Demand

China diversifies gas supply as Russia gas price talks stall

China has a reliable gas supply via the 7,000 km pipeline from Turkmenistan, Kazakhstan and Uzbekistan - and in August agreed with Turkmenistan to double pipeline capacity to 60 billion cubic metres a year by 2015.

15 September 2011
Supply & Demand

SOCAR puts pressure on Turkey to reach gas deal

Turkey will have to bring its legal framework in line with future gas supplies through the country, SOCAR President Rovnag Abdullayev said on Thursday in Baku.

15 September 2011
Supply & Demand

Gazprom plans new three-year contract with Moldova

Gazprom plans to secure a new gas supply and transit contract with Moldova for 2012-2014.

15 September 2011

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