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Imports

China to favour gas over nuclear, coal - Inventis CEO

China will move towards natural gas and away from nuclear and coal in its 12th Five-Year plan, Yong Kwek Ping, Chief Executive of investment fund Inventis, predicted at the World Independent Junior Oil and Gas Conference in London on Wednesday.

28 September 2011
Exports

Indonesia’s energy minster says country is reviewing its LNG export contracts

Indonesia’s Energy and Mineral Resources Minister Darwin Zahedy Saleh explained on Monday that the government would curtail its LNG exports and redirect the gas to its domestic market, the Jakarta Post reported on Tuesday.

27 September 2011
Imports

Turkey, Eastern Europe to drive gas demand - Total

European gas demand between now and 2020 will mainly be driven by gas-fired power generation, particularly in Eastern Europe and Turkey, Philippe Boisseau, president of Total’s gas and power division, said in a company presentation to analysts in London on Monday.

27 September 2011
Exports

Gazprom boosts LNG supplies to Japan

Russian gas giant Gazprom has shipped an additional 325,000 tons of LNG to Japan in the wake of the Fukushima nuclear plant disaster, Alexander Medvedev, Gazprom’s Deputy CEO said on Tuesday.

27 September 2011
Imports

Rising costs deter CNOOC from relying on spot market

China National Offshore Oil Corp. (CNOOC) has little interest in purchasing spot imports of LNG this winter, according to a company official who spoke to China Daily on Tuesday.

27 September 2011
Imports

Japan to double role in foreign gas, oil projects in 20 years

The government of Japan intends to encourage Japanese energy companies to increase their involvement in oil and gas projects abroad from 20% to 40% over the next 20 years, Hisayoshi Ando, director general of the Natural Resources and Fuel Department at Japan's Ministry of Economy, Trade and Industry, said on Monday at the 2011 Sakhalin Oil and Gas

27 September 2011
Exports

Gazprom, CNPC upgrade proposals on Russian gas supplies to China

Gazprom and China National Petroleum Corp. (CNPC) have agreed to upgrade proposals on Russian gas supplies to China, a statement by Gazprom announced on Monday.

26 September 2011
Forecasts

CNPC postpones natural gas price hike in Ningxia

China National Petroleum Corp. (CNPC) will postpone a 10% natural gas price hike in west China's Ningxia Hui Autonomous Region, the Ningxia arm of the National Development and Reform Commission (Ningxia NDRC) announced on Friday.

23 September 2011
Exports

Pipeline project sponsors continue charm offensive in Baku

Representatives from Nabucco, TAP and ITGI pipeline projects presented their cases at the Gas Infrastructure World Caspian Conference in Baku this week, hoping to secure gas from the second phase of Shah-Deniz.

22 September 2011
Forecasts

Changchun City's daily winter gas consumption to reach 1 MMcm

North-east China's Changchun City, capital of Jinlin Province, will see its daily gas consumption climb to a record 1 million cubic metres (MMcm) 35.3 million cubic feet) this winter, the city's state-owned gas distributor Changchun Gas, forecast on Thursday.

22 September 2011
Imports

European gas imports from Russia to increase by 6.9% through to 2015 - VTB

European gas imports from Russia are expected to increase by 6.9% per year through to 2015 because of an increasingly tight LNG market, analysts at Russian investment bank VTB Capital said in a report published this week.

22 September 2011
Imports

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
Exports

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
Imports

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
Exports

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
Exports

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
Exports

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
Imports

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
Forecasts

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
Forecasts

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

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