WEB EXCLUSIVE, Moscow. Russia's Ministry of Economic Development released a report this month predicting that competition from North American shale gas exports will force Gazprom to lower its export prices by 2016.
OPEC heavyweight Saudi Arabia is expected to keep oil output steady throughout the second quarter as more high pace demand in Asia, its biggest oil export market, has yet to materialise, Reuters reports.
Liquefied natural gas prices in Asia are poised to reverse an eight-week drop that brought them to a two-year low relative to cargoes for Europe as Japan faces delays in starting nuclear reactors, Bloomberg reports.
Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group (“Gunvor” or the “Company”), today launched US$ 650,000,000 syndicated revolving credit facilities (the “Facilities”).
UPI reports that Canada will send a trade mission to China and Japan next week to promote the North American country as an energy superpower, a government official announced.
Canada is pulling ahead of the U.S. in a contest to be the first exporter of liquefied natural gas from the North American shale bonanza to Asia’s $150 billion LNG market, Bloomberg reports.
Alarmed by the 13.4% jump in its natural gas import bill last year, Japan is planning a new energy strategy that could change how natural gas is traded around the world and put pressure on some of the proposed Canadian liquefied natural gas projects, The Star Phoenix rep
Asia's Middle East crude market may strengthen when trading in May barrels begins this week, supported by refineries in Asia returning from maintenance and fuel oil demand from power generators during the northern hemisphere summer, Reuters reports.
Bloomberg reports that Japan and India, Asia’s biggest energy consumers after China, are closer to unlocking natural gas deposits trapped in ice below the seabed that may prove bigger than the world’s known fossil-fuel reserves.
Natural Gas Asia reports that for Asia’s high gas prices to come down, the region needs to develop a trading hub and facilitate a market which better reflects supply and demand fundamentals.