Chinese Shale Gas: Potential Market Changer
North American investors believe that the future of the market lies out east, and will be closely watching studies aimed at investigating China's unconventional resource development.
Articles Tagged "China"
Gas Market Update (January 15, 2013)
A brief overview of gas price developments, supply and demand and significant market movers.
Gas Market Update (December 4, 2012)
A brief overview of gas price developments, supply and demand and significant market movers.
Putin Wants Asia Gas Imports to Increase
Reuters reported that Putin is encouraging Russian gas suppliers to increase exports to Asia, taking advantage of their burgeoning demand.
Uzbekistan Sends First Gas to China
Platts reported that China has begun receiving natural gas from Uzbekistan through a pipeline. In 2010, the two countries signed a contract under which state-owned Uzbekneftegaz agreed to provide China's CNPC with 10 Bcm of natural gas per year.
Producers Shift Focus to Chinese Shale Gas
Royal Dutch Shell, which plans to invest at least $1 billion a year in exploring, developing and producing shale gas in China, is just one major producer that believes major potential lies in the Middle Kingdom.
Chinese State Oil Company Swallows Nexen for $15.1 Billion
Canadian oil and gas producer Nexen Inc. (TSX:NXY) has agreed to be acquired by China Offshore Oil Company (COOC) for $15.1 billion, The Toronto Star reports.
Uzbekistan to Begin Supplying Gas to China
Reuters reported that this year, once legal issues are settled, Uzbekistan plans to begin pumping gas to China using a pipeline that crosses three Central Asian states. Turkmenistan is currently the only supplier using the pipeline.
Chinese Companies Buying Gas Distributors
Reuters reported that large state companies in China have been buying local gas distributors as a result of good prospects for expansion.
China and the Philippines May Develop Gas Prospect
Reuters reported that the Sampaguita natural gas prospect in the South China Sea may be developed by Philippines-based Philex Petroleum Corp. and Chinese offshore oil producer CNOOC.
