Contributed by: KovidRawat, Research Analyst, Energias Market Research & Consulting
Asia-Pacific is a fast-evolving gas market characterized by destination restriction, orthodox policies and monopolistic domestic supply infrastructure. However, the scenario is set to change as major Asian countries are liberalizing the gas policies.
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.
Asian countries should prioritize the role of gas as an energy source and ensure that the region does not allow coal to dominate energy provision, Maarten Wetselaar, Acting Upstream International Director at Shell, said in his executive keynote address
SKK Migas, Indonesia’s upstream oil and gas task force, has awarded engineering, procurement, construction and installation (EPCI) contracts for two natural gas and condensate fields in the Muara Bakau Block, located off the coast of East Kalimantan.
China’s continuing drive to reduce the share of coal in the nation’s energy mix is boosting the prospects for natural gas and renewable energy sources, according to analysis just published by IHS Energy Insight.