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Exports

Gas exporters back oil-index linked contracts

A top priority for the 12-member Gas Exporting Countries Forum is linking gas prices to oil-indexed prices.

16 November 2011
Forecasts

Heilongjiang's Mudanjiang City to use natural gas by year-end

Mudanjiang City in north China's Heilongjiang Province will begin consuming gas next month once pre-commission checks are carried out on the first phase of a gas utilisation project, the Mudanjiang municipal government said on Tuesday.

16 November 2011
Forecasts

China hub could promote Europe-Asia price consistency

China could see the creation of its own gas pricing hub in either Beijing or Shanghai, as gas markets across eastern Asia develop in the coming years, Interfax has learned.

16 November 2011
Imports

Talks of Ukraine gas deal ‘premature’

Negotiations between Russia and Ukraine on gas supplies are continuing, and comments on their results will be made after the relevant documents are signed, Dmitry Peskov, spokesman for the Russian prime minister, told Interfax on Wednesday.

16 November 2011
Exports

Ukraine hopes to save $6 bln annually with new gas price - Azarov

Ukrainian Prime Minister Mykola Azarov expects that, after Ukraine and Russia agree on reducing the price for gas Ukraine buys from Russia, his country will save $500 million a month.

16 November 2011
Exports

Turkmenistan multiple routes for exporting energy resources - president

Turkmenistan is pursuing a gas export strategy aimed at targeting multiple markets for the delivery of its energy resources to world markets, Turkmen President Gurbanguly Berdymukhamedov said in a welcoming message to attendees at the international Oil and Gas of Turkmenistan 2011 exhibition, which is runs from Tuesday until Thursday in Ashgabat.

15 November 2011
Exports

Asian market double-edged sword for Russia

While the Asian market represents a viable destination for Russian LNG, there is a note of caution regarding the potential oversupply and rivalry it could face in its efforts to supply this growing market

15 November 2011
Forecasts

Spain faces oversupply risks, says Fitch report

The Spanish gas industry is facing oversupply risks directly related to the economic downturn, but an improvement of pipeline interconnections with France could mitigate the problem, according to a new report published on Monday by ratings agency Fitch Ratings.

14 November 2011
Exports

Uzbekistan cutting gas exports due to cold weather

Wintry weather is causing Uzbekistan to restrict gas exports to Kazakhstan and Russia to meet its own needs.

14 November 2011
Imports

Winter gas prices fall below $400

Winter forward prices for natural gas on European wholesale market have fallen in the past few weeks as the economic recession dampens demand growth.

14 November 2011
Exports

RWE amends or cancels key supply contracts

German utility RWE has amended or cancelled some long-term supply contracts with three big suppliers, because the oil indexed nature of the contracts is considered outdated and the contracts are loss-making, Interfax has learned.

11 November 2011
Exports

RWE announces changes to some gas contracts

German energy company RWE has announced changes to the terms of a number of contracts with gas suppliers.

11 November 2011
Imports

UK to charge ‘short shippers’ in emergency situations

The UK’s indigenous gas stock is disappearing fast, forcing it to become more dependent on pipeline and LNG imports. So, with this growing dependence and fears of a so-called ‘gas deficit emergency’ (GDE), the UK is focusing more closely on ways to ensure security of supply.

10 November 2011
Exports

Gazprom plans up to export 164 bcm to Europe in 2012

Gazprom expects to increase gas supplies to the EU to 151-152 billion cubic metres in 2011, the deputy head of Gazprom export, Sergei Chelpanov, said during a conference call on Wednesday.

10 November 2011
Exports

Total confident of Yamal LNG supply to Asia-Pacific markets

Total is confident that the Asia Pacific markets are the most viable destinations for LNG produced on the Yamal peninsula, Total Chief Executive Christophe de Margerie said during the Global Energy Intelligence Day conference in Moscow on Wednesday.

9 November 2011
Forecasts

Sinopec subsidiary eyes 7.5 bcm of annual natural gas output by 2015

Sinopec Southwest Oil & Gas Co. plans to boost natural gas production to 7.5 billion cubic metres by 2015, the company confirmed to Interfax on Wednesday.

9 November 2011
Forecasts

China’s looming energy demand to shake up world markets, says IEA

Although Russia will remain important to the world energy economy in terms of gas, China is emerging as a major importer in the world’s energy market.

9 November 2011
Forecasts

Bearish outlook forces Encana to refocus on liquids

Canada’s Encana has said that it is redirecting capital away from pure gas exploration to plays with higher liquids content.

8 November 2011
Forecasts

Zhengzhou begins rationing residential gas supplies

Zhengzhou City has begun rationing residential gas supplies ahead of the peak winter consumption period, local gas distributor Zhengzhou China Resources Gas (ZCRG) confirmed to Interfax on Tuesday.

8 November 2011
Imports

Shandong Province faces 510 MMcm gas shortfall

Shandong Province's demand for gas between now and March next year is expected to outstrip supply by 510 million cubic metres (MMcm), Sun Mingzhi, an official with the Shandong Gas and Thermal Association (SGTA), told Interfax on Monday.

7 November 2011

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