The deal between Russia and China for importing some 38 billion cubic meters/year of natural gas through a pipeline connecting the two countries represents a key development not only for the two parties involved, but also for the role it will have in shaping the global price of LNG, according to Shigeru Muraki, vice chairman of the board at Japan's Tokyo Gas.
Some analysts and investors worry that oil companies will not spend enough either to sustain growth in their core businesses, or to open options in alternative energy sources for a world in which oil and gas consumption is constrained by climate policy or high prices.
The Yamal plan, a $27 billion investment to tap vast natural gas reserves in northwest Siberia, aims to double Russia's stake in the fast-growing market for liquefied natural gas.
Russia looks beyond West Siberia for future oil and natural gas growth
China’s demand growth may make it globally dominant, speakers suggest
How the Ukrainian crisis could cause tremors in the Gulf
Unresolved territorial and maritime claims continue to hinder exploration and development in the East China Sea.
AAPG ICE: Seismic reprocessing enhances potential for Russia’s legacy basins
North American shale-focused companies' financial performance has improved
Battle for oil in ‘Africa’s last colony’