Energy Aspects, a consulting company in London claims that the substantial decline of oil demands is a leading indicator that global economic growth slows down. The new GDP published by Europe and Japan also proves that. For the weak demands of European and Asian oil refineries and the falling risks of geopolitics felt by market, as the standard of global oil price, Brent oil price has fallen by 12% compared with the highest level in the mid of June. Energy Aspects shows that it is still...
Oil Demands Decline Indicates Global Economic Growth Slow Read
More »
It is reported that recently, Jonathan, Nigerian President appealed to increasing gas supply, because insufficient gas has already raised the costs of manufacturers and threatened the policy that the government controls prices. In Nigeria, gas is main fuel used to generate electricity by most of enterprises. On last Friday, Dangote Cement plc the largest enterprise in Nigeria and also the largest cement manufacturer in Africa stated that the corporation had to use heavy oil for power generation...
Nigerian President Appealed to Increasing Gas Supply Read
More »
For the deteriorating relationship with the Western deteriorating, Russian energy industry is treating Asia as its new axis of business. Russian oil export to the region has already reached a new high level in history. Many analysts also predict that Russia will promote part of Asian energy enterprises largely. Trading figures and estimation of analysts show that 30% of total volume of Russian oil export enters into Asian market since 2014. Proportion which exceeds 1.2 million barrels per...
Russian Oil Export to Asia Reaching a New High Level Read
More »
It is reported that in recent days, Gerhard Reus, the CEO of OMV states that South Stream gas pipe in contemplation will not be abolished although the western and Russia confront each other because of the crisis in Ukraine. The CEO said, “The gas pipe is a program which will last for 50 year. For that, South Stream gas pipe should be considered from realistic perspective.” He also stressed that customers expected to utilize the gas pipe to transmit gas. Nevertheless, none of possibility...
South Stream Gas Pipe Will Not Be Abolished Read
More »
It was reported that Arseniy Yatsenyuk, the Prime Minister of Ukraine stated that Ukraine was ready for sanctioning Russia, forbidding any transit transportation through Ukraine, including flights from Russia to Europe and supplying gas to Europe from Russia. Ukraine will utilize par of aid funds from IMF and consider asking for help from the World Bank to realize energy independence. In last Monday, Ukrainian government ever showed that it planed to follow the western to sanction Russia,...
Ukraine: Forbid Russia Supplying Gas to Europe Read
More »
It was reported that the total gas output in Russia was 3.74688 hundred billion cubic meters from January to July, 2014, decreasing by 1.7%, compared with the same period of 2013, according to the data of the Russian Federation Ministry of Industry and Energy. Meanwhile, Russia exported 1.17 hundred billion cubic meters, increasing by 4.4% on year-on-year basis. From January to July, 2014, the total gas output of Gazprom was 2.60881 hundred billion cubic meters, decreasing 4.7%, compared...
Gas Output in Russia Decreased by 1.7% Read
More »
The new International Gas Report published by Platts points out that the total apparent demands for gas in China was 1.391 ten billion cubic meters in June, increasing by 7.9% on year-on-year basis while falling by 4.7, compared with previous month. In the fist half of this year, the total apparent demands for gas was 8.873 ten billion cubic meters, increasing by 9.2% on year-on-year basis. Platts figured out Chinese total demands for gas in June according to net import volume and domestic output....
Apparent Demands for Gas in China Increasing Constantly Read
More »
It is reported that the Ministry of Economy of Japan will provide resource assistance development to Mozambique, an African country that discovered world-class scale gas fields. The two governments reached an agreement on July 31. To ensure that Japanese enterprises can also participate in development of gas fields in Mozambique, Japan will also assist Mozambique complete relevant laws protecting foreign investments in case of hindrance to operation of Japanese enterprises due to sudden changes...
Japan Sets Foot in Gas Fields in Mozambique Read
More »
IES shows that for promotion of constantly increasing demands, golden age of gas in North America will expand to China in the next 5 years. New interim report of gas market published IEA points out that the demands for gas in China will be double nearly by 2019. The increasing demands for gas in other areas will slow down. By the end of estimation, global demands for gas will increased by 2.2% per year, descending compared with estimation last year (2.4% per year). Most of increasing demands...
IEA: China Will Usher Golden Age of Gas Read
More »
It is reported that China-Burma gas pipe has operated safely for one year by July 27. Accumulative total of gas having been transmitted to China from the west coast of Burma is 1.87 billion cubic meters. Otherwise, the pipe distributes 60 million cubic meters of gas to Burma, providing new power to drive local economy and society to develop at a high speed. On July 28, 2013, China-Burma gas pipe went into operation to transmit gas formally. Representatives of investors coming from China,...
China-Burma Gas Pipe Has Operated Safely for One Year Read
More »
