North African pipeline imports into Europe. Supply & Demand

North African pipeline exports to Europe tick up

North African pipeline exports to Europe rose by 1.4% in Week 45 from the previous week, to 926.9 MMcm.

By Verity Ratcliffe 14 November 2017
Supply & Demand

Malaysian power firm runs short on gas

Malaysia’s state-linked power firm Tenaga Nasional Bhd (TNB) blamed prolonged maintenance at Petronas gas facilities for a shortage that is causing it to spend as much as 400 million ringgit ($134.4 million) per month on buying alternatives such as distillates and medium fuel oil to keep its power plants running.

19 August 2011
Supply & Demand

Iran resumes gas exports to Turkey

Iran has resumed its natural gas exports to Turkey after a week-long pause, following an explosion on the pipeline, the Iranian Oil Ministry’s website, SHANA, reported on Friday.

19 August 2011
Supply & Demand

Goldman lowers price forecast for UK gas

US bank Goldman Sachs has lowered its price forecast for average month-ahead UK gas prices in 2012 by 6p per therm (p/th) to 80.40 p/th, it said in a research note on Thursday.

18 August 2011
Supply & Demand

Israel will not follow Jordan’s lead to up Egyptian gas price

Jordan has agreed to a hike in the price it pays for Egyptian gas, and Khaled Touqan, Jordan’s minister of energy, will soon leave for Cairo to sign new contracts, according to Jordanian daily Al-Arab Al-Youm.

18 August 2011
Supply & Demand

South Korea signs 20-year LNG deal with Total and Shell

The South Korean government has signed the largest gas deal in its history, reaching an agreement with Total and Shell for the supply of as much 20 years worth of LNG valued at $84 billion.

18 August 2011
Supply & Demand

SOCAR and BP discuss second phase of Shah-Deniz field

Representatives of State Oil Company of the Azerbaijani Republic (SOCAR) and BP today discussed phase two of the Shah Deniz gas condensate project in Azerbaijan Caspian sector, a SOCAR representative today told Interfax.

18 August 2011
Supply & Demand

Iran-Pakistan Pipeline – meeting the challenges

The Iran-Pakistan pipeline is riddled with political, financial and technical complications. In the first of this two-part feature, Leigh Elston looks at the challenges of developing one of the region’s most ambitious and controversial projects from both the Iranian and Pakistani perspectives.

18 August 2011
Supply & Demand

Washington homes in on Brazil’s pre-salt deposits

High-level experts and analysts have said that today’s Strategic Energy Dialogue between Brazil and the United States will reveal the increasing strategic importance of the Latin American country’s deep-water ‘pre-salt’ oil and gas deposits to Washington.

17 August 2011
Supply & Demand

LNG cargoes destined for Spain to be redirected until late 2010s

Several LNG cargoes originally destined for Spain will continue to be redirected to other European destinations and elsewhere until the late 2010s due to the current situation of oversupply, Anouk Honore, as researcher at the Oxford Institute for Energy told Interfax on Wednesday.

17 August 2011
Supply & Demand

Peru’s exports to Mexico under threat

Peru’s President Ollanta Humala may consider cutting gas exports to Mexico amid surging domestic industrial demand.

17 August 2011
Supply & Demand

Dubai needs ‘mentality change’ to address rising power demand

Dubai will appoint an energy consultant by the end of 2011 to design a new gas strategy to slash the emirate’s energy demand, the Supreme Council of Energy (SCE) said on Tuesday.

17 August 2011
Supply & Demand

Ukraine increases Russian gas transit rate by 1.8% in Q3

Ukraine increased the rate for Russian natural gas transiting across its territory to $2.89 per 1,000 cubic metres (Mcm) per 100 km for the third quarter of 2011, a 1.8% rise on the first quarter ($2.84), Ukrainian Energy and Coal Industry Minister Yury Boiko told journalists on Tuesday.

17 August 2011
Supply & Demand

Novatek raises 2011 production forecast to 50 bcm

Novatek, Russia’s top non-state gas producer, expects to produce at least 50 billion cubic metres of natural gas this year, Chief Financial Officer Mark Gyetvay announced on Tuesday.

17 August 2011
Supply & Demand

Shah-Deniz exports amount to 2.7 bcm between January and July 2011

Exports of Azerbaijani gas in the framework of Phase 1 of the development of the Shah-Deniz field came to 2.7 billion cubic metres between January and July 2011, the country’s State Statistics Committee told Interfax today.

17 August 2011
Supply & Demand

South Korea approves gas deals with Shell, Total

South Korea’s Ministry of Knowledge Economy said on 17 August that it approved Korea Gas Corp.’s deal with Royal Dutch Shell and Total to import substantial amounts of gas for use in its domestic market.

17 August 2011
Supply & Demand

Conventional Aussie LNG projects may suffer delays as demand softens

Strengthening LNG demand in the past few years has fuelled the plans for at least five coal-bed methane (CBM) LNG trains in Australia.

16 August 2011
Supply & Demand

Sinopec to expand annual production capacity at Yuanba gas field

Sinopec expects annual production capacity at Yuanba gas field to reach 1.7 billion cubic metres (60 billion cubic feet) by 2013, with a further increase to 3.4 bcm by 2015, the company announced on 16 August.

16 August 2011
Supply & Demand

NNPC confirms plans to sell stake in Brass LNG

Nigerian National Petroleum Corp. (NNPC) will reduce its 49% stake in the Brass LNG project by 19% as it seeks funds to pay for its share of the $15 billion development, a company spokesman said on Monday.

16 August 2011
Supply & Demand

Russia agrees with Belarus to reduce gas price formula from 2012

Russia has agreed to lower its gas prices for Belarus, and will receive Russian gas at a discount from 2012 in view of its membership of the customs union, Russian Prime Minister Vladimir Putin said at a meeting with his Belarusian counterpart, Mikhail Myasnikovich.

16 August 2011
Supply & Demand

Gazprom ups exports to Europe 21% in Q2

Exports of Russian gas to non-CIS countries climbed 21% in the second quarter of 2011, Gazprom reported on Tuesday.

16 August 2011

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