Natural gas
Korean shipbuilding companies saw a surge in stock prices as investors bet on increased demand for liquefied natural gas (LNG) ship orders, driven by the escalating Russia-Ukraine military conflict. The clash has raised concerns about Europe's dependence on Russian natural gas, leading to a potential shift towards importing
Natural gas
German Chancellor Olaf Scholz announced the blocking of the Nord Stream 2 pipeline in retaliation for Russia's aggression on its border with Ukraine. The pipeline's operator, Russian state-owned gas giant Gazprom, has yet to receive European regulatory approval to commence operations. The move comes as an
Natural gas
Pakistan is facing a severe gas shortage, with state-owned Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) announcing a gas load management plan to deal with the crisis. The shortage is attributed to a delay in the arrival of a ship carrying liquefied natural gas
Natural gas
Energy majors, including Chevron, ExxonMobil, JERA, JGC, Mitsubishi Heavy Industries, Santos and SK E&S, are joining forces to reduce carbon emissions in Asia by promoting natural gas. The Asia Natural Gas and Energy Association (ANGEA) aims to advise governments on energy policies and solutions, including renewables and energy
Natural gas
Researchers from the National University of Singapore have discovered a new method for efficient storage and transportation of lean natural gas or biogas using hydrate-based technology. The study, published in the journal Energy & Fuels, demonstrates that adding carbon dioxide to a methane-tetrahydrofuran system can facilitate hydrate formation at ambient
Natural gas
Oil prices reached a three-year high yesterday due to mounting expectations of a gas crisis spilling over into other commodities, coupled with economic recovery boosting demand. Brent crude oil prices rose for a fifth consecutive day, increasing by 1.4% to $79.22 a barrel. This rally is attributed to
Natural gas
The UK is on the brink of a perfect storm as a combination of a severe HGV driver shortage and rising fuel prices has led to warnings of a "winter of discontent". Petrol station closures and stock shortages have become a daily occurrence, with BP and Tesco Alliance
Natural gas
As the UK's energy price crunch escalates, the government is holding crisis talks with industry chiefs to mitigate the impact on consumers, businesses, and suppliers. The rapid rise in wholesale prices has already led to the collapse of several small energy suppliers, and fears are growing that more
Gas industry
The U.S. Energy Department's weekly inventory release showed a smaller-than-expected build-up in natural gas supplies, driven by a decrease in domestic production, despite warmer temperatures in the northern parts of the country. The Weekly Natural Gas Storage Report, published by the Energy Information Administration (EIA), provides an
Gas industry
China's largest oil and gas producer, China National Petroleum Corporation (CNPC), is planning to spend over 100 billion yuan on building natural gas depots in the next five years, aiming to increase storage capacity from 1.8 billion cubic meters to 10 billion cubic meters by 2015. The
Gas industry
Pakistan plans to raise up to $2 billion from holdings in its largest banks and energy companies, as well as from Oil & Gas Development Co. exchangeable bonds, according to Privatisation Minister Naveed Qamar. The move is aimed at reducing the country's budget deficit, which is forecast to
Gas industry
Anadarko Petroleum Corporation has announced its 2011 capital program and guidance, setting a target for increasing sales volumes to a range of 244 to 248 million BOE (barrels of oil equivalent) and achieving a reserve-replacement ratio of more than 150 percent. The company plans to allocate approximately 15 percent of
