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27 июня, 00:25

Largest Coal Consuming Countries Increase Appetite In First 5 Months Of 2017

Coal mining in the United States, India, and China – the world’s three biggest coal consumers – has increased in 2017, reversing a downward trend in the use of carbon-heavy fossil fuel in recent years, according to the Associated Press. Coal production through May is up by 6 percent, or 121 million tons for the trio year-over-year. The most dramatic change came in the United States, which saw a 19 percent rise in mining over the first five months of 2017, figures from the U.S. Department of Energy show. President Donald Trump…

26 июня, 19:20

London’s Fund Managers Soften Opposition To Saudi Aramco IPO

London’s top fund managers have thrown in the towel on their fight to stop Saudi Arabia’s state oil giant Aramco from listing shares on the London exchange, accepting that the “political will” to lure what is expected to be the biggest IPO in history is too strong to oppose, The Sunday Times reported. Aramco, which Saudi officials claim is worth US$2 trillion, aims to list 5 percent of the company on one or more international stock markets next year. In April, UK Prime Minister Theresa May traveled to Saudi Arabia together…

26 июня, 19:20

Exxon Talks With Emir Of ‘Isolated’ Qatar

The emir of Qatar, the tiny gas-rich Gulf state now isolated by its Arab neighbors, met with ExxonMobil’s chairman and chief executive Darren Woods in Doha on Saturday to talk bilateral cooperation relations, Reuters reports, citing Qatar’s state news agency QNA. At the beginning of June, Saudi Arabia, Bahrain, the United Arab Emirates (UAE), Egypt, Yemen, and Libya cut diplomatic ties with Qatar, accusing it of sponsoring terrorism and destabilizing the region. Last week, Saudi Arabia and its several other Arab allies issued a list…

26 июня, 18:31

World’s 2nd Largest Gas Importer Set To Receive First US LNG In July

Korea Gas Corporation (KOGAS) is expected to receive its first cargo of U.S.-sourced LNG under a long-term supply contract with U.S. exporter Cheniere Energy, the U.S. company said on Sunday. KOGAS’ 20-year deal commenced officially on June 1, and the first cargo was loaded the following day, Cheniere said. The SM Eagle LNG tanker is en route from Sabine Pass to South Korea’s Tongyeong, with an estimated time of arrival of June 30. Under the terms of the 20-year Sales and Purchase Agreement (SPA) that was signed in 2012, Cheniere…

27 марта, 22:55

Asia’s Top LNG Players Forming Buyers Club

Global oversupply in liquefied natural gas has emboldened buyers to push for more favorable contracts. Korea Gas Corp. (KOGAS), Japan’s JERA and China National Offshore Oil Corp. (CNOOC), which collectively represent about one-third of the world’s LNG purchases, have formed a group to exchange information and “cooperate in the joint procurement of LNG,” according to a report from Reuters. High LNG prices before 2014 left many Asian importers in a painful position and prompted several joint LNG-buying deals, but nothing on…

13 февраля, 23:26

China Set To Resume Work On Nuclear Power Plants

In order to cater to growing power demand, China is likely to begin construction on inland nuclear reactors in the next four years, resuming plans for nuclear power plants that were halted after the 2011 Fukushima disaster in Japan, a senior energy official told Chinese media on Monday. China has already decided which locations would host its inland nuclear power plants, Wang Yiren, vice director of the State Administration of Science, Technology and Industry for National Defense, and vice-chairman of the China Atomic Energy Authority, has told…

11 февраля, 02:09

LNG Giant Looking To Get In On U.S. Shale

The liquefied natural gas (LNG) sector is seeing a lot of activity. Spurred by prices in the key Japanese market hitting a two-year high in recent weeks, averaging $8.40/MMBtu for January. That resurgence has prompted several high-profile players to enter the space. Including Thailand’s PTTEP, which said this week it is prepping for a major move into LNG trading, storage and sales. And elsewhere, the world’s second-largest LNG buyer — Korea Gas Corp. (KOGAS) — is going one step further. Saying that it wants to directly buy…

10 февраля, 21:19

Nigerian Vice President Visits Niger Delta To Restart Peace Talks

Nigerian Vice President Yemi Osinbajo visited the Niger Delta on Friday in a move that could bring peace to the oil-producing region after almost a year of militant and separatist conflict, which has seriously stunted national energy output. The African petrostate depends on oil exports for 70 percent of government revenues, but last year’s attacks by the Niger Delta Avengers and other related groups saw production drops anywhere from one-third to one-half of full capacity, depending on the time of year. Due to the decreased output, Nigeria…

10 февраля, 20:56

South Korean KOGAS May Buy Into U.S. Shale Gas

One of the world’s leading LNG buyers, Korea Gas Corp (KOGAS), may be interested in taking part in U.S. shale gas projects as leverage against potential trade pressure from the new U.S. Administration, the South Korean company’s chief executive said on Friday. “U.S. trade pressure is likely to increase, but U.S. gas investments can work as a tool against trade pressure,” Reuters quoted KOGAS chief executive Lee Seung-hoon as saying at an event today. “Securing U.S. shale gas is crucial because it’s an important…

04 января, 13:18

Иран допустил "Газпром" к участию в тендере по нефтегазовым проектам

Иран допустил более 20 иностранных компаний, в том числе "Газпром", к участию в раунде тендеров по нефтегазовым проектам. Об этом сообщается на сайте Национальной иранской нефтяной компании (NIOC). В числе квалифицированных претендентов испанская CEPSA, китайские CNOOC International Limited, CNPC, CNPW, Sinopec International, норвежская DNO, итальянская Eni, японские INPEX Corporation, Itochu, Japan Petroleum Exploration, Mitsubishi Corporation, Mitsui, южнокорейские Korea Gas Corporation и Posco Daewoo, датская Maersk, австрийская OMV, германская Wintershall, индийская ONGC Videsh Limited, британо-французская Perenco Holding, индонезийская Pertamina, малайзийская Petronas, польская PGNiG, аргентинская Pluspetrol, таиландская PTTEP, американская Schlumberger, англо-голландская Royal Dutch Shell, французская Total. Договорной основой станет новая модель - иранский нефтяной контракт (IPC).

13 июля 2016, 17:24

Shell Defers Final Investment Decision on LNG Canada Project

Integrated energy major Royal Dutch Shell plc (RDS.A) and its partners are yet to take the decision on export of liquefied natural gas from Canada's Pacific coast to Asian markets.

23 мая 2016, 11:29

Uzbekistan Starts up Chemicals Plant

Uzbekistan commissioned the $4bn Ustyurt gas chemical complex on May 21. South Korea's prime minister, Hwang Kyo-ahn, and his Uzbek counterpart, Shavkat Mirziyaev, participated in the inauguration ceremony of this complex which consists of five plants: gas separation plant, ethylene, polyethylene and...

15 апреля 2016, 22:40

TOTAL (TOT) Extends Tie with KOGAS, Expands LNG Operation

TOTAL S.A. (TOT) extended its tie-up with Korea Gas Corporation, which allowed it to explore opportunities throughout the LNG value chain.

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14 апреля 2016, 11:21

Rising N. Korea gas prices put pinch on traffic in capital

Pyongyang drivers are feeling some pain at the pump as rising gas prices put a pinch on what has been major traffic growth over the past few years — and that might not be good news for the isolated country’s shifting domestic economy.

12 января 2016, 22:50

Oil & Gas Stock Roundup: Crude Slumps Further, Suncor Extends Takeover Deadline

Crude dropped to its worst level since 2004 and Suncor Energy (SU) extended the deadline for its hostile bid to acquire Canadian Oil Sands.

12 января 2016, 00:00

Shell-Proposed Canadian LNG Plant Can Export for 40 Years

Royal Dutch Shell plc's (RDS.A) proposed liquefied-natural gas (LNG) plant won a 40-year export license from Canada's National Energy Board.

13 ноября 2015, 02:14

Week 46 Overview

While companies and governments are bracing for the United Nations conference on climate change to take place in less than a month, Iran is slowly disclosing its strategy for the period following the “implementation day” - when Tehran will adopt all the measures included in the nuclear deal...

11 ноября 2015, 21:47

Reuters: Korea Gas Corp Offloads Excess LNG Supply on to France's EDF

Korea Gas Corp has agreed with the trading arm of France's EDF to funnel excess liquefied natural gas (LNG) supply into Europe and beyond, the French company said on Wednesday. Caught out by sinking domestic demand, Kogas, which until recently was the world's leading LNG buyer, and its Asian peers are...

10 августа 2015, 01:01

The Voice of Gas: “Can you hear me now?”

The voice of natural gas may be a bit soft, but by sending out the right messages it can earn the social license to operate and even help in efforts to mitigate climate change. In a session entitled “Gas Communication: Gas the public debate: still a “fuel without a voice” at the World...

18 июня 2015, 22:55

Shell Gets Environmental Nod to its Canada LNG Development - Analyst Blog

Royal Dutch Shell plc (RDS.A) has received approval from the environment ministry of Canada to carry on with its liquefied natural gas (LNG) project in British Columbia.