China’s Shale Gas Boom

China’s Shale Gas Boom

Mirroring the expansion of the shale gas industry elsewhere, China is experiencing a boom in shale gas production.

Europe Considers Options in Light of Threat to Russian LNG Supplies

The European Union may have given North American oil and natural gas producers the cold shoulder in the past, but now European countries could be considering cross Atlantic suppliers as one possible alternative to Russian gas supplies.

Dimethyl Ether: The Most Promising Fuel You’ve Never Heard Of

In the quests to find both domestic sources of transportation fuel and value-add processes that leverage our natural gas supply, particularly our stranded and flared natural gas, DME production stands out as a promising solution that could prove to be a significant component of America’s energy future.

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Company News

CBM Asia Applies for Management Cease Trade Order

CBM Asia Applies for Management Cease Trade Order

CBM Asia Development Corp. (TSXV:TCF) applied for a management cease trade order to the British Columbia Securities Commission due to a delay in obtaining financial information and lack of funding.

German Based RWE Begins Gas Deliveries to Ukraine

Deutsche Welle reported that Germany's Essen based RWE (ETR:RWE) has begun supplying gas to the Ukraine. According to Deutsche-Welle, RWE signed a contract for natural gas deliveries with Kyiv in 2012, but has not yet specified the price Ukraine will pay for the gas.

CBM Asia Cuts Costs and Announces Non-Brokered Private Placement of C$11 Million

CBM Asia Cuts Costs and Announces Non-Brokered Private Placement of C$11 Million

Following the announcement regarding development plans of the Kutai West PSC last week, CBM Asia Development Corp. (TSXV:TCF,OTCBB:CBMDF,FWB:IY2) announced a non-brokered private placement of C$11,000,000 secured loans with bonus shares. CBM Asia is also taking steps to reduce general and administrative expenses, reducing staff levels and office sizes for both Vancouver and Jakarta.

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Market News

Ukraine in Talks with Europe to Modernize and Maintain Gas Infrastructure

ITAR-TASS reported today that Kiev is in talks with European gas companies regarding a national gas consortium that would help Ukraine with its natural gas transportation system. Ukraine's parliament-appointed Minister of Energy and Coal Industry Yuriy Prodan told ITAR-TASS that he country has forwarded proposals to European gas companies, but that Kiev is not in talks with Moscow concerning the issue.

BC Reverses Environmental LNG Rules

The Vancouver Sun reported that a government decision to exempt 99 percent of provincially produced natural gas from environmental assessment was reversed by the Liberal government and British Columbia Environment Minister Mary Polak on Wednesday.

Putin to Sign 30-year Gas Deal with China

Businessweek reported that Russian leader Vladimir Putin is looking to sign a deal to supply pipeline gas to China for the next 30 years. The deal would take place next month, and has become more likely in light of the recent Ukraine crisis, according to the publication.

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