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Asian Gas Demand Drives Upstream Development
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April 25, 2012
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In this month’s issue, we see that the continued growth of Asian gas demand has resulted in ambitious plans for upstream development. From shale gas to conventional gas reserves, developers and governments in China, India and Pakistan are targeting domestic reserves to meet unmet demand. As these economies continue to grow upstream investment will track along with such growth. Such countries seek to supply an increasing amount of gas to meet demand to offset reliance on expensive imports.
For China’s part, it looks to target unconventional gas reserves to boost domestic production. China looks to begin commercial shale gas production soon, targeting production of 6.5 billion cubic meters per year (bcm/y) of the resource by 2015. China plans to speed up shale gas development by asking companies to invest three times the amount sought for crude oil areas. The Ministry of Land and Resources has drafted legislation that would allow the government to seize blocks if companies fail to invest US$4,747 per square kilometer in exploration annually on shale gas blocks....Full Article
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China Plans to Speed Up Shale Gas Development
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| April 24, 2012 |
CNOOC Strikes Gas at Dongfang 13-2 Well
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| April 24, 2012 |
Bangladesh Power Board to Purchase Gas from Santos at Higher Rate
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| April 24, 2012 |
Myanmar Gas Supplies Under Half of Domestic Demand
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| April 2, 2012 |
Indian Government Approves Reliance’s Satellite Field Plan
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| April 2, 2012 |
India Revises Gas Price Policy
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| April 2, 2012 |
ONGC, ConocoPhillips to Partner on Shale Gas Exploration
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| April 2, 2012 |
Sinopec Aims for Shale Output of 2 BCMY by 2015
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| March 21, 2012 |
CNPC, Shell Sign PSC for Shale Gas in China
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| March 21, 2012 |
Mari Gas Company Begins to Supply Sui Northern Gas Pipelines
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| March 21, 2012 |
GSPC Getting Less Gas from Bombay High Field
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| March 21, 2012 |
Pakistan Looks to Additional Production, Gas Supply in Coming Years
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| March 20, 2012 |
MPRL Strikes Gas Off Myanmar
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| March 19, 2012 |
BAPEX Starts Production from Sundalpur Gas Field
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| March 19, 2012 |
China Looks to 6.5 BCMY Shale Gas Output by 2015
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| March 16, 2012 |
ONGC Advances Development of C-Series Fields
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| March 16, 2012 |
BG Plans to Sell Stake in India’s Gujarat Gas
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| March 16, 2012 |
Sri Lanka to Auction More Exploration Blocks
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| March 15, 2012 |
Niko Resources Sees Lower Reserves at India’s D6 Block
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| March 15, 2012 |
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Saudi Arabia’s Karan Gas Field Passes Another Milestone Towards Full Production
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| April 24, 2012 |
Leviathan Partners Look to Sell Portion of Field Interest Stakes
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| April 24, 2012 |
Tamar Consortium Receives US$902M in Financing for Field Development
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| April 24, 2012 |
BP Revises Upward Block 61 Reserves Potential
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| April 24, 2012 |
Israel Seeks Help in Developing Offshore Gas Deposits
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| April 24, 2012 |
Heritage Oil Discovers Gas in Kurdistan Well
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| April 24, 2012 |
Shah Gas Field Development on Track for Completion in 2014
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| April 24, 2012 |
Core Laboratories has 2012 decrease in revenue from natural gas
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| April 19, 2012 |
Apache Discovers Oil, Gas in Northwest Egypt
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| April 3, 2012 |
Tamar Partners Finalize Another Gas Sales Agreement
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| April 2, 2012 |
Saudi Arabia to Burn Less Crude for Power Generation
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| April 2, 2012 |
Tamar Field Partners in Talks on Gas Sales to Gazprom
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| April 2, 2012 |
Jordan, Iraq Work on Gas Supply Deal
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| April 2, 2012 |
ATP to Establish O&G Investment Fund in Israel
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| March 21, 2012 |
Egypt Plans Exploration Near Border with Israel
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| March 16, 2012 |
‘Big Gas Producers Like Iran have Lots of Liquid Hydrocarbons’
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| March 15, 2012 |
Natural Gas Price Hike May Hit Oman India Fertilizer
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| March 15, 2012 |
Noble Energy Signs Gas Sales Agreement for Tamar Gas
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| March 15, 2012 |
CNOOC Interested in Cyprus Gas
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| March 15, 2012 |
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Shell Offers US$1.8B for Cove Energy
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| April 24, 2012 |
Anadarko Strikes Gas in Barquentine-4 Well Offshore Mozambique
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| April 24, 2012 |
Eni Boosts Mozambique Reserves with Another Offshore Success
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| April 3, 2012 |
GE to Invest US$10B in Nigeria Power Plants
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| April 2, 2012 |
BG Group Announces Fourth Tanzania Discovery
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| April 2, 2012 |
KOGAS Announces Further Success Offshore Mozambique
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| April 2, 2012 |
Total Looks Offshore Kenya, Eyes Other African Prospects
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| March 21, 2012 |
Sunbird Energy Begins Coal Seam Gas Exploration Program
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| March 21, 2012 |
Supermajors Eye Eni’s Stake in Massive Gas Find Off Mozambique
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| March 20, 2012 |
New Development Program Launched at Jubilee Field
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| March 15, 2012 |
Nigeria Gets Tough on Gas Flaring
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| March 15, 2012 |
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