Production & Consumption

China switches gas policy from supply to demand

Boosting consumption will be Beijing’s main near-term policy goal for gas, marking a shift in focus from building up supply security over recent years.

Imports

Iran’s neighbours prepare for end of sanctions

The GCC states are getting ready for the opportunities and challenges that will arise once the sanctions against Iran are lifted.

Gazprom lowers production forecast

Gazprom has lowered its 2015 gas production forecast again, to 427 billion cubic metres from the 444.6 bcm it estimated in August.

13 November 2015

Sanctions uncertainty may hold back Iranian gas

As parties to the Iranian nuclear deal work towards its implementation, it is still unclear when restrictions on international investment will be lifted.

13 November 2015

Chinese monthly production hits 10.4 bcm

China’s gas output increased by 1.4% year on year in October, to 10.4 billion cubic metres, the National Bureau of Statistics said on Wednesday.

12 November 2015

Georgia looks to Azerbaijan for electricity

Georgia is not dependent on Russian gas because it has other supply sources, Georgian Deputy Prime Minister and Energy Minister Kakha Kaladze told journalists this week.

12 November 2015

Naftogaz pays $266/Mcm for Q3 gas

The average price of Naftogaz Ukrainy’s gas imports from all suppliers fell to $266 per thousand cubic metres in Q3 from $268/Mcm in Q2 and $315/Mcm in Q1

12 November 2015

US gas production and consumption to rise – EIA

The Energy Information Administration (EIA) forecasts that gas production and consumption in the United States in 2015 and 2016 will increase compared with 2014 levels.

11 November 2015

Egyptian gas production increases

Egypt’s rate of gas production has increased to nearly 121.8 million cubic metres per day (MMcm/d), compared with 120.3 MMcm/d last month, according to Daily News Egypt.

11 November 2015

IEA’s World Energy Outlook goes green ahead of COP21

The International Energy Agency has suggested global gas consumption could grow by 50% by 2040, according to its latest World Energy Outlook.

10 November 2015

Hebei faces 3 bcm supply gap

Hebei will require 9.8 billion cubic metres of gas for its industrial plants in 2015 but will only receive 6.5 bcm.

10 November 2015

Ukraine slashes Russian gas imports by 75% – Miller

Naftogaz Ukrainy has reduced its Russian gas imports to 10 million cubic metres per day, the Russian company’s Chief Executive Alexei Miller has said.

10 November 2015

Exports to Italy support North African growth

North African pipeline exports to Europe rose by 2.1% week on week in Week 45, to 654.5 MMcm, driven by Italian imports.

10 November 2015

PetroChina goes a month without LNG

PetroChina did not import any cargoes in October, making it the first month in which it has not received any LNG.

10 November 2015

China's supply to exceed demand by 10 bcm

China’s gas supply will exceed demand by around 10 billion cubic metres this year.

9 November 2015

Russian oil and gas exports up in 2015

Russia exported 162.86 mt of oil to non-CIS countries in January-September 2015, an increase of 9.6% year on year, the Federal Customs Service has said.

9 November 2015

German gas consumption up 4% in 2015

Germany’s temperature-adjusted gas consumption increased by 4% in the first nine months of the year, according to data from the German Association of Energy and Water Industries.

9 November 2015

Gazprom weighing Baltic auction option

Gazprom is considering new auctions for Europe-bound gas in what is promising news for Baltic consumers.

9 November 2015

Lithuania in talks to renew Gazprom contract

Lithuanian gas importer Lietuvos Duju Tiekimas has started talks with Russia’s Gazprom for gas supplies in 2016, as the country’s long-term contract expires at the end of the year.

6 November 2015

PGNiG wants Gazprom deal as soon as possible

Poland’s state-owned gas company PGNiG hopes to end talks over a contract renegotiation with Russia’s Gazprom as soon as possible.

6 November 2015

Logbaba production up by 105%

Victoria Oil & Gas has reported an average gas production of 232,000 cubic metres per day in Q3 from its Logbaba gas field in Cameroon.

5 November 2015

SOCAR ready to buy from Gazprom

State Oil Company of Azerbaijan Republic is ready to buy gas from Gazprom under favourable terms, a SOCAR representative told Interfax.

5 November 2015

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