State-owned PetroChina lost some Yuan 49 billion ($7.9 billion) last year importing natural gas from foreign suppliers and selling it at lower domestic prices in China, the company revealed Thursday when it released its 2013 financial ...
Tags: Natural Gas, PetroChina, pipeline gas
Prompt prices on the UK's NBP gas trading hub fell Friday morning as the system saw a large supply surplus and warm, sunny weather expected for the weekend should further cut heating demand. "The system was the longest I've seen it," one ...
Tags: gas storage, Oversupply
Shell's total production of natural gas in China last year rose 25.2% from 2012 to 164,000 Mcf/d, the company indicated in its annual report released Thursday. Output was, however, still lower than in previous years -- 174,000 Mcf/d in ...
Tags: Gas Production, Shell, LNG
The European Steel Association (EUROFER) has stated that the growing uncertainties in Ukraine show once again the strong correlation between security of supply and increasing energy prices in Europe. Russian state gas monopoly Gazprom ...
Tags: Metallurgy, Energy, gas
China and Tajikistan plan to start construction on the so-called D line on the Central Asia-China gas pipeline network this year, state-owned China National Petroleum Corp said Monday. This comes after both countries signed a deal to ...
Tags: Gas Pipeline, Mineral
Spanish LNG throughput dropped 26.2% year on year in the week ending March 9 weighed by a drop to zero at the Sagunto terminal, data published Monday by Spanish gas grid operator Enagas showed. Combined throughput from Spain's six LNG ...
Tags: LNG throughput, national gas
China plans to raise citygate prices of natural gas consumed by non-residential users later this year, the National Development and Reform Commission said in its work report issued Wednesday at the start of the annual session of the ...
Tags: Natural Gas, on-grid tariff
Recent progress at shale gas projects operated by China's state-owned giants Sinopec and China National Petroleum Corp. suggest the country is on track to meet the 2015 production target set by the central government, analysts said Monday. ...
Tags: Shale Gas, PetroChina
The fuel oil physical hi-lo -- the premium of 1% FOB Northwest European cargoes over 3.5% FOB Rotterdam barges -- came off a 17-month high Tuesday morning, having surged $12.75/mt to $62.75/mt Monday on fears Russia may stop or reduce gas ...
The conflict between Ukraine and Russia could cause the global LNG market to tighten further if the crisis were to escalate and affect gas flows into Europe, but high gas storage inventories in the region should create a buffer in the ...
Tags: Natural Gas, Mineral
The Norwegian Petroleum Directorate has announced a 4.4% increase in the estimated total recoverable resources offshore Norway to 14.2 billion cubic meters of oil equivalent, boosted by the inclusion of resources from among other things a ...
Chemical tanker Bochem Oslo is preparing to load a substantial volume of ethanol from Rotterdam before heading to Fujairah, in the United Arab Emirates, as multi-year low European prices beat competition from the US and Brazil, market ...
Tags: Vessel, Rotterdam Ethanol
Japan's LNG imports in January rose 1.2% from December to 8.18 million mt but fell 0.8% year on year, data released Thursday by the Ministry of Finance showed. Australia was the largest supplier with 1.73 million mt of LNG, up 10.4% year ...
Tags: LNG Imports, Chemicals
The net volume of gas imported into the UK outstripped domestic production in 2013 for the first time ever, the Department of Energy and Climate Change said Thursday. "Imports of gas again exceeded UK production, and in 2013 for the first ...
Tags: Gas Imports, Domestic Output
The volume of gas injected into the Italian grid in 2013 was 69.01 billion cubic meters, down 8.9% year on year, gas grid operator Snam Rete Gas said. In its 2013 consolidated financial results statement Friday, Snam said the fall was ...
Tags: natural gas, Chemicals