Australian regulators released a set of recommendations on gas markets this week, upping the pressure on producers in the east and south of the country.
The recent convergence of regional gas prices has made the need for global LNG pricing benchmarks less pressing.
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Welding the first joint of the Power of Siberia pipeline. The project could cost $55 billion. (Gazprom)
Gazprom’s much-vaunted turn to the east will come at a price.
The Russian company needs $55 billion to develop the fields and infrastructure to send 38 billion cubic metres per year of gas to eastern China via the Power of Siberia pipeline, and even more to pipe West Siberian gas through the Altai region to China’s west.