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China, India Prioritize Domestic Production
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January 23, 2012
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In this issue, we see China and India working to reduce the growth of gas imports by advancing domestic production. Finding and developing low-risk domestic reserves are a high priority, which may prove a worrisome trend for project developers in Australia, Africa, and the Americas that are hoping to enjoy continued high Asian prices.
In China, where international shale-gas producers are praised for quintupling U.S. reserves, emphasis is on unconventional production. CNOOC Ltd., which intends to join China Petroleum and Chemical Corp. on some unconventional gas developments, began drilling its first shale-gas project in Anhui Province in Eastern China late last year. The company has gained shale-gas exploration expertise from U.S. assets acquired from Chesapeake Energy.
Meanwhile, Sino Gas & Energy Holdings Ltd. announced that a plan released by China’s National Development and Reform Commission has created a "very positive regulatory and commercial environment" for the development of coal-bed methane. The company received government approval for an extension of its Linxing PSC exploration period until Aug. 31, 2013....Full Article
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RIL, BP, and Niko spend US$1.5 billion to develop four KG-D6 fields
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| January 18, 2012 |
China tests new gas-pricing scheme, looks to increase production
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| January 18, 2012 |
ONGC to produce gas from Krishna-Godavari well by 2016
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| January 17, 2012 |
OGDC parses tiny amounts to domestic companies
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| January 17, 2012 |
Shell, PetroChina to produce 48 bcm by 2025
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| January 17, 2012 |
CNOOC advances shale-gas production
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| January 17, 2012 |
ONGC to spend US$4 billion on Arabian Sea gas field production by 2016
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| January 17, 2012 |
Ivanhoe to sell Zitong stake
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| January 16, 2012 |
Sino Gas to start CBM production at Linxing by 3Q2012
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| January 16, 2012 |
Pakistan to construct gas pipe to KESC
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| January 16, 2012 |
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