With considerable shale gas reserves, a reduction in Europe’s increasing dependence on natural gas imports may just be around the corner – if the right conditions for a safe and commercially-viable exploitation are put in place. Ian McInness considers some of the issues.
Cuadrilla, the first company in the UK to employ fracking to exploit the country’s shale gas reserves, encounters controversy.
A new low in nuclear capacity utilisation rates pushes up gas volumes burnt by Japanese utilities.
Argentina will demand that oil companies in the country operate oil and gas fields at full output as it sees its domestic demand surge and production wane.
Tenaga Nasional Bhd (TNB), Malaysia’s national power producer, and the country’s state oil company, Petronas will invest MYR2bn (US$657m) in the construction of a gas plant and LNG terminal in Borneo islands.
Gas prices in the UK are expected to become more volatile and subject to spikes over the next few years as the UK moves from self-sufficiency to increased reliance on LNG imports from Qatar.
EU legislation can deal with shale gas exploration issues but may need to change once projects in the region go into production, finds new report.
Experts estimate that the Arctic could hold around 25% of undiscovered oil and gas reserves and the fact that the ice is retreating means that the region could be set for rapid change and development as exploration, production and infrastructure will have an inevitable, irreversible impact.
The fast-expanding Asian gas markets offer lucrative LNG opportunities for Qatar, making Europe’s gas supply more vulnerable.
China Petroleum and Chemical Corp (Sinopec) plans to build a 3Mta LNG import terminal in south China.
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