The Association of South East Asian Nations (ASEAN) celebrates its 50th anniversary this year. It consists of 10 countries, with a combined GDP of US$2.8 trillion, making it the 6th largest economy in the world.
Contributed by: QamarYasin, Research Associate, China University of Petroleum (East China)
In order to encourage pilot projects for the exploration and exploitation of shale gas in Pakistan and to make such discoveries commercially viable, the following special incentives are recommended for pilot projects testing and production phases:
Interview with LucaTonello, Deputy General Manager and Head of Project & Export Finance, Sumitomo Mitsui Banking Corporation
With LNG finding a role as a fuel of choice in new markets, there has been a significant increase in demand. The most notable increase comes from Asian markets, with China’s LNG consumption dramatically increasing by approximately 35% each year.
Several new producers are hoping to begin selling gas to Asia soon, including those in North America and East Africa, but with Russia entering this market in around 2018 at a competitive price, some may struggle.
The ongoing gas payment and pricing dispute between Russia and Ukraine escalated to worrying levels in mid-June, when Gazprom announced that it would cease supplying gas to Naftogaz – Ukraine’s state-owned energy company – unless payment was made in ad
The convoluted saga of the controversial South Stream pipeline has taken new twists and turns in recent weeks, with Gazprom and OMV signing an agreement for the Austrian section, and the government of Bulgaria saying it was suspending work on its secti