Philippines spots Chinese vessels in Reed Bank
The Philippine government has spotted Chinese survey vessels in waters where London-listed Forum Energy has been blocked from developing a large gas find because of regional tensions.
19 August 2014 12:16 GMT
Mild temperatures ease Japanese power demands
Imports by Japan’s 10 largest utilities fell by 3.4% in July year on year, to 5 mt, according to data from the Federation of Electric Power Providers, while consumption climbed by 5% despite milder summer temperatures.
18 August 2014 10:42 GMT
It’s the fundamentals, stupid
The explanation for falling gas and oil prices across the globe is simple – it’s a textbook example of the laws of supply and demand.
14 August 2014 13:45 GMTUkraine situation expected to give Gazprom a weak H2
Gazprom has said it will pump less gas this year than originally forecast, having revised its production figure down by 6.7% to 463 bcm. The figure is nearly 17% below the 2008 high of 550 bcm and would constitute a 5% fall on 2013 volumes.
14 August 2014 12:07 GMTSanctions may shake up Gazprom pricing
Russia’s Gazprom saw profits plummet by 37.5% in H1 year on year, the company said on Wednesday, warning it may have to shake up its pricing policies to retain its EU market share because of sanctions.
13 August 2014 13:07 GMT
E.On and Schlumberger warn of Russia sanctions risk
Big oil and gas companies are warning that the sanctions from the US and EU against Russia could affect their business over coming months.
13 August 2014 12:02 GMT
Malaysia turns to the spot market
Malaysia delivered three spot cargoes to India, Kuwait and Thailand in June, as weak East Asian demand weighed on regional spot prices after strong Q4 2013 and Q1 2014 buying left inventories full.
13 August 2014 11:57 GMTSchlumberger signals Russia sanctions threat
Oilfield service company Schlumberger said on Tuesday its business would take a hit from United States and EU sanctions against Russia over the ongoing crisis in Ukraine.
12 August 2014 15:03 GMTRussia hopes to find ‘new Saudi Arabia’ in Arctic waters – Sechin
Russia hopes to discover another Saudi Arabia in the freezing waters of the Arctic, Igor Sechin said over the weekend, as his company Rosneft kicked off a multi-billion dollar drilling campaign with ExxonMobil, despite Western sanctions.
11 August 2014 11:45 GMTJapanese tour Ukraine, Uzbekistan and Kazakhstan
A Japanese business delegation is visiting Ukraine, Uzbekistan and Kazakhstan this week as the island nation looks to strengthen links with Central Asia and Eastern Europe.
8 August 2014 13:15 GMT
Asian LNG summer slump rolls into August
Prices for flexible cargoes continue to languish around $10/MMBtu in Asia despite soaring summer temperatures.
7 August 2014 11:14 GMTFirst PNG cargoes land in Tokyo under $15/MMBtu
PNG’s first cargoes landed in Japan under $15/MMBtu as the country enters the ranks of global LNG exporters.
6 August 2014 12:09 GMT
Canada courts Japan as Russian tensions heighten
Canada’s foreign minister has visited Japan and Asia as the resource-rich nation looks to take advantage of Russian sanctions to push its LNG projects.
5 August 2014 12:46 GMTSanctions tighten on Russian finance and energy
Russia’s energy and financial sectors were hit with the toughest sanctions yet this week as the EU and United States locked the country’s largest banks out of Western capital markets and embargoed exports of critical oil technology.
1 August 2014 13:30 GMTJapanese LNG imports continue to climb in H1 2014
Japan’s LNG imports climbed by 2% to 44.3 mt in the first six months of 2014, potentially pushing this year’s shipments closer to 90 mt as shuttered nuclear reactors keep the island-nation heavily dependent on waterborne gas deliveries. Total imports in 2013 stood at 87.5 mt.
25 July 2014 11:57 GMTCanada hits Novatek and Gazprombank with sanctions
The Canadian government hit Russia’s Novatek and Gazprombank with sanctions on Thursday in the latest round of punitive measures adopted by Western countries in response to the Ukraine crisis.
25 July 2014 11:54 GMT
Alaska seeks revival with major LNG project
Alaska looks set to return to the LNG big league with a 20 mtpa project that could supply Asian buyers next decade.
22 July 2014 13:27 GMT
Korea awaits US LNG as Park revamps policy
George Hutchinson, senior director of power and energy at Concurrent Technologies Corp. and an expert on South Korean energy, speaks to Interfax about the country’s energy policy and its growing need for LNG.
21 July 2014 12:06 GMT
US takes aim at Russia’s energy industry with new sanctions
Rosneft, Novatek and Gazprombank were hit with US sanctions on Wednesday as the Obama administration widened punitive measures in response to Russia’s actions in Ukraine.
17 July 2014 13:18 GMT
Japan takes first step towards restarting reactors
Japan has cleared the first of its nuclear power plants for restarts, in a development that could see LNG consumption move back towards pre-crisis levels.
17 July 2014 11:47 GMTAbout 638 article(s) for James Byrne