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

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
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
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
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
Supply & Demand

China's LNG terminals lose full VAT rebates - analyst

China's central government intends to reduce VAT rebates for LNG import, an industry analyst told Interfax on 30 August.

1 September 2011
Supply & Demand

Panjin City natural gas consumption up 145%

Panjin City in north-eastern China's Liaoning Province more than doubled its daily natural gas consumption in the past year, according to figures released on Tuesday by Panjin Gas Company (PGC).

1 September 2011
Supply & Demand

Russia ready to negotiate with Ukraine

Russian President Dmitri Medvedev said he is ready to listen to Ukraine’s commercial offers in return for the possibility to receive Russian gas at discounted prices.

1 September 2011
Supply & Demand

Belarus, Gazprom to resume talks on 2012-2014 gas contract and privatisation

Belarus’ First Deputy Prime Minister Vladimir Semashko and Energy Minister Alexander Ozertsa are meeting in Moscow this week to discuss the price of Russian gas delivered to Belarus; and to link the possibility of Gazprom's purchase of Belarusian gas pipeline operator, Beltransgaz with the gas contract terms to Belarus.

1 September 2011
Supply & Demand

Ukraine requests reduction in Russian gas supply to 27 bcm in 2012

Ukraine's Naftogaz has ordered 27 billion cubic metres of gas from Russia's Gazprom for 2012.

31 August 2011
Supply & Demand

Gazprom changes Greece gas supply terms

Gazprom has changed its gas supply terms to Greek state energy company DEPA, the deputy general director of Gazprom Export, Sergei Chelpanov, said during a conference call on Tuesday with investors.

31 August 2011
Supply & Demand

Fujian's LNG imports in H1 hit 1.3 million tons

South-eastern China's Fujian Province boosted LNG imports by 67.1% year-on-year to 1.32 million tons in the first seven months of 2011 due to booming natural gas demand, according to figures released on 29 August by Fuzhou City's customs office.

30 August 2011
Supply & Demand

Ukraine puts pressure on Russia over gas imports

As Ukraine seeks a lower price for Russian gas imports, the country has suggested that it could be forced to cut imports of Russian gas if Russia decides against the lower price.

30 August 2011

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