Russia's gas giant Gazprom expects to reach an agreement on the price of gas to be supplied to China via the eastern route in June, and sign a deal by the end of this year, Gazprom chairman Viktor Zubkov said in the full version of a TV ...
Tags: Gas Price, Eastern Route, Chemicals
UK natural gas prices for same-day delivery spiked as high as 150 pence/therm ($22.80/MMBtu) early Friday as a key pipeline that carries gas to the country from Continental Europe halted operations against a backdrop of cold weather and low ...
Tags: Gas Market, Interconnector Outage, Chemicals
China's incoming president, Xi Jinping, will likely follow the course set by his predecessor in dealing with Russia, according to a former senior vice president at China National Offshore Oil Corporation, Victor Gao. Xi is expected to be ...
Tags: gas, Offshore Oil, gas industry
Germany, which currently produces 13% of its gas demand from domestic reservoirs, could meet this proportion of its energy consumption from unconventional resources for 100 years, German oil and gas producer Wintershall said Tuesday. ...
Tags: gas, gas demand, gas resources
Coal-to-gas switching in the US could decline as much as 2.6 Bcf/d year-on-year in 2013 because of higher natural gas prices, increased renewables generation and forecast lighter cooling demand this summer, a report BNP Paribas issued late ...
Tags: Coal, gas, natural gas prices
Asia will become the second-largest global natural gas market after North America by 2015 with annual demand rising to 790 billion cubic meters, the International Energy Agency said in a report released Tuesday. "Asia is already home to ...
Tags: natural gas market, Chemicals, Metallurgy
Southeast Asia's LNG demand would represent a third of Asian LNG demand growth by 2025, while India's would represent one-seventh, Nicholas Browne, Senior Gas Market Analyst at Wood Mackenzie said Wednesday. Total Southeast Asian LNG ...
Tags: Southeast Asian, Wood Mackenzie, Chemicals
Prompt prices on the UK's NBP gas trading hub rose Wednesday morning as demand exceeded expectations and the market sought to maintain a premium to Continental prices in order to secure supply, a market source said. At 1200 GMT, the ...
Tags: NBP gas, UK, gas market
Natural gas withdrawals from UK storage facilities hit a record high Wednesday as cold temperatures pushed up demand and prices. End-of-day nominations showed total withdrawals of 112 million cubic meters, of which 44 million cu m ...
BP on Wednesday raised its estimate of global energy demand in 2030 and predicted that shale natural gas, tight oil and biofuels will play an increasingly important role in meeting the world's energy needs. World energy demand will ...
Tags: BP, global energy demand, natural gas, oil, biofuels
Despite record low temperatures in China, the country's gas companies say they expect to be able to cope with increased winter gas demand in the coming weeks. Sinopec said Tuesday on its website that it had been implementing several ...
Tags: gas companies, gas, gas demand, PetroChina
Investment bank Goldman Sachs on Monday cut its 2013 US natural gas price forecast to $3.75/MMBtu form $4.25/MMBtu, saying mild winter weather across the US has failed to put a serious dent in storage levels. The bank said higher levels ...
Tags: Investment bank, Goldman Sachs, US, natural gas, price
The Platts February LNG Japan Korea Marker ended the Asian trading week at $17.40/MMBtu, up from Monday's $17.15/MMBtu, on the back of sustained demand stemming from cold weather in the Far East. Low temperatures across North Asia boosted ...
Tags: Petroleum, gas, LNG, gas demand
The Alberta government is aiming to attract major investment in its natural gas sector in 2013, as part of the Canadian province's strategy to develop a balanced and diversified energy portfolio, a provincial government official said ...
Tags: natgas investments, gas sector, gas, gas prices
European gas markets have lost over 10 years of growth, with demand back to the levels of the 1990s, Professor Jonathan Stern of the Oxford Institute for Energy Studies told the UK House of Lords EU energy subcommittee Wednesday. He ...
Tags: gas markets, gas, gas demand, gas prices