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Exports

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
Imports

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
Forecasts

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
Exports

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
Imports

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
Exports

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
Forecasts

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
Exports

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
Imports

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
Exports

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
Forecasts

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
Exports

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
Exports

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
Exports

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
Forecasts

China’s unconventional gas output to reach 100 billion cubic metres by 2020

China’s unconventional gas (including CBM, shale gas and combustible ice) output is expected to hit 100 billion cubic metres (3.5 trillion cubic feet) a year by 2020, according to a Chinese Petroleum Society (CPS) forecast on 13 August.

15 August 2011
Imports

China consumption of natural gas hits a five-month high

China consumed 10.3 billion cubic metres (374 billion cubic feet) of natural gas in July, up 24.5% year-on-year to hit a five month high, the National Development and Reform Commission (NDRC), China's state economic planner, said in a statement on 15 August.

15 August 2011
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

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