Gazprom, the world’s largest natural gas producer and exporter, is eyeing Asia’s growing LNG market and strives to become one of key LNG suppliers in the region, Gazprom deputy chairman of the management board Alexander Medvedev told the World Petroleum Congress in Moscow Tuesday.
The US is most likely to export its shale gas to Asia instead of Europe, for the prices are more attractive in the former, Russia’s Ambassador to the EU Vladimir Chizhov told the international high-level conference on European energy policy, held in Bruges on April 24, I
France's GDF Suez on March 28 agreed its first long-term liquefied natural gas (LNG) sales into Asia, signing a deal with Taiwan's state-run energy firm CPC as regional demand for the commodity surges, Reuters has reported.
State-owned oil major Rosneft is determined to help Russia get its first crude oil benchmark for Asia while using its newly acquired trading desk from Wall Street bank Morgan Stanley to boost liquidity behind the oil flows, Reuters reported on February 17.
Russia plans to at least double its oil and gas flows to Asia over the next 20 years, a draft of its energy strategy showed on January 24, Reuters has reported.
Ernst & Young has compiled a report assessing the prospects of Asian oil and gas markets for the next several years. The survey looks at the removal of barriers for national companies towards globalization.
Oil prices edged lower in Asian trade on October 30 on expectations of a further increase in US inventories, indicating weak demand in the world's top crude consumer, AFP has reported.
Oil prices were mixed in Asia on October 28 as a bulge in US stockpiles indicated weak demand in the world's biggest economy, while there are growing concerns about supplies from the Middle East, AFP has reported.
Fast-growing oil and gas producers Russia and North America are spending billions of dollars on pipelines and port facilities to supply energy to Asia, intent on grabbing a bigger share of the world's fastest growing fuel market from Middle East suppliers, Reuters said o