The global natural gas market is undergoing a major transformation driven by new supplies coming from the United States to meet growing demand in developing economies and as industry surpasses the power sector as the largest source of gas demand growth, according to the IEA’s latest market analysis and five-year forecast on natural gas. This…
Bloomberg News is reporting that Iran is injecting large volumes of natural gas from the South Pars field to boost production from its aging oil fields, on the border between it and Iraq. “The country required 93 billion cub metres of gas for re-injection in 2014, but could only allocate 32 billion,” it says. “Gas…
Japan, one of the biggest importers of liquefied natural gas (LNG), recently imported its first liquefied shale gas cargo from the United States earlier this year. Sources say that Japanese Prime Minister Shinzo Abe is considering increasing U.S. energy imports to enable the country to lessen its dependence on the Middle East for its LNG…
GlobalData, a leading research and consulting firm, predicts that Russia will bring on-stream 29 new oil and natural gas projects by 2025. The company’s latest report states that, among operators, Gazprom is expected to lead with six planned natural gas projects. The other major operators in the Former Soviet Union are Surgutneftegas with five projects…
The American Environmental Protection Agency (EPA) is under duress by President Donald Trump’s administration. He nominee to head the agency, Scott Pruitt, has sent waves of fear because he has publicly said the EPA should be abolished. Pruitt is also concerned about an increasingly bitter and rancorous practice in how the EPA reports the biofuel…
For the first time in years, China’s national oil companies (NOCs) are presumed to boost spending in 2017. CNOOC Ltd. announced it had allocated $10 billion (U.S.) to produce 450—460 barrels/day. PetroChina Co. and Sinopec Corp. are both expected to do the same, although their focus will be on natural gas exploration and production. “The…
