Supply & Demand

Forecasts

Qatar to supply less LNG to Europe

LNG supply from Qatar to Europe will decline in the coming years as countries in the Pacific Basin are willing to pay more for the LNG than European buyers, according to analysts.

15 August 2011
Exports

Russia offers Belarus reduced gas price formula from 2012

Belarus will receive Russian gas at a discount from 2012 in view of its membership of the Customs Union, Russian Prime Minister Vladimir Putin today said at a meeting with his Belarusian counterpart, Mikhail Myasnikovich.

15 August 2011
Forecasts

Natural gas to account for 9.2% of Jilin Province energy mix by 2015

Natural gas will account for approximately 9.2% of the energy mix for north-east China's Jilin Province by 2015, according to a plan released by the Jilin provincial government on 11 August.

12 August 2011
Exports

Trinidad grappling with steady decline in gas reserves

Trinidad's proven gas reserves fell for a fourth straight year in 2010, slipping from 408 billion cubic metres (14.4 trillion cubic metres) to 379 bcm in 2009, according to new data released on Wednesday by Trinidad’s Ministry of Energy.

11 August 2011
Exports

Colombia to strike supply deal with Jamaica

Colombia’s oil and gas regulator has said that Canadian-listed company Pacific Rubiales is on the verge of signing a gas supply deal with Jamaica.

10 August 2011
Imports

Yantai City increases LNG and CNG purchases in wake of typhoon

Yantai City in Shandong Province has increased purchases of LNG and CNG in the wake of Typhoon Muifa, which struck the coastal city on 7 August, Chinese media reported on 10 August.

10 August 2011
Imports

TAPI pipeline should extend to India’s neighbours, SAARC argues

The long-planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline should extend from India to Bangladesh, Nepal, Sri Lanka and Bhutan to help fill growing gas shortages in those countries, the South Asian Association for Regional Cooperation has recommended.

10 August 2011
Forecasts

Dutch supply decline to be offset by LNG, renewables

The Netherlands is facing a problem: declining supplies of natural gas. However, the country is turning to LNG, renewable energy and energy efficiency to offset the decline now and in future.

10 August 2011
Imports

Fujian Province sees LNG imports surge in H1

China National Offshore Oil Corp. (CNOOC) saw LNG imports at its Putian LNG terminal in Fujian Province surge in the first half (H1) of 2011 to meet soaring local demand for natural gas, state media reported on 9 August.

9 August 2011
Exports

Asian gas-related investment in Australia unaffected by global downturn

Demand for Australian commodities is experiencing growth, despite the tumult in global markets, Australia’s Resources Minister, Martin Ferguson, said on 8 August.

9 August 2011
Imports

Tepco ups LNG use for power generation for 5th month in July

Tokyo Electric Power Co (Tepco) has increased its use of LNG in order to generate power for the Japanese market, Reuters reported on 9 August.

9 August 2011
Exports

Gazprom considers $20 bn order from Murmansk for Yamal project

Gazprombank is considering to order 20 ice-resistant platforms and 50 supply vessels from the Murmansk region at an overall cost of $20 billion for Gazprom’s Yamal hydrocarbons projects, the Murmansk region’s governor, Dmitry Dmitriyenko, told Interfax.

9 August 2011
Exports

Cyprus continues LNG liquefaction talks, while dithering over key gas import decisions

The Cypriot ministry of commerce, industry and tourism (MCIT) is in discussions with Israel over the possibility of building an LNG liquefaction plant on the island.

8 August 2011
Imports

Russian gas price still too high for China - expert

The price of Russian gas remains too high for China despite Russia recently lowering its asking price during ongoing negotiations, industry analysts have told Interfax.

8 August 2011
Forecasts

Ningxia natural gas consumption to hit 3 bcm yearly by 2015

China’s effort to reduce its dependence on coal is showing signs of success, as gas consumption in Ningxia Hui Autonomous Region is forecast to reach 3 billion cubic metres annually by the end of 2015, up 33% from 2010, state-run Ningxia Daily reported on 8 August.

8 August 2011
Forecasts

Netherlands to be net importer of gas by 2025

The Netherlands is likely to become a net importer of natural gas by 2025 because of declining domestic reserves, Nigel Harris, a principal consultant at Kingston Energy, told Interfax this week.

5 August 2011
Exports

Peru’s government guarantees supplies to Lima distributor

Peru's government has said it will guarantee supplies to Calidda Gas Natural del Peru, the distributor that delivers gas from the Camisea field in the Andes mountains to the Lima region.

5 August 2011
Imports

Bulgargaz continues gas supply negotiations with Gazprom

Bulgargaz is in negotiations with Gazprom for a new gas supply contract which would give it direct access to Russian gas, rather than buying gas through intermediaries.

4 August 2011
Imports

Bangladesh: It’s time to entice the foreign bigwigs

The Bangladeshi government will need to drastically reduce its gas price subsidies to order to entice foreign investment in oil and gas.

4 August 2011
Exports

Uzbekistan raises gas prices for Tajikistan

Uzbekistan has raised the price of gas it sells to Tajikistan for the third quarter of 2011.

3 August 2011

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