Gas
![Gas](/cache/2016/01/UKRAINE-10.0de6971e.jpg)
2016, January, 21, 19:20:00
GAZPROM'S GAS BILL: $32 BLN
Ukraine, once one of Russia’s biggest foreign gas buyers, had a debt of more than $29 billion before Tuesday’s bill, according to Gazprom. Naftogaz has demanded almost $26 billion from Gazprom in Stockholm arbitration, claiming it overpaid for supplies and was paid too little for transit, with a court ruling not expected before the middle of the year.
![Gas](/cache/2016/01/IRAN-32.4a2dd563.jpg)
2016, January, 21, 19:10:00
IRANIAN OIL & GAS
Iran is in a good position to deliver on its target to raise oil output by 500,000 b/d within six weeks and by a further 500,000 b/d six months after that.
![Gas](/cache/2016/01/NORD-STREAM-13.ae042055.jpg)
2016, January, 17, 15:00:00
NORD STREAM DEVELOPING
Nord Stream-2 project would develop rapidly in 2016. The pipeline extension project continues to move ahead, despite opposition to from several European countries
![Gas](/cache/2016/01/NORD-STREAM-14.f343357f.jpg)
2016, January, 17, 14:55:00
NORD STREAM'S EXTENSION
Russia's Gazprom and a group of European companies agreed on the project last year, raising protests mostly among central and southern European countries.
![Gas](/cache/2016/01/LNG-35.ed7b8f07.jpg)
2016, January, 15, 20:00:00
LNG: BIGGER NO BETTER
Global LNG output is expected to rise by a third to about 330 million metric tons annually by 2018, according to Sanford C. Bernstein & Co. Most of the new fuel will come from the U.S. and Australia, which is poised to topple Qatar as the biggest supplier. Unlike Saudi Arabia, the largest oil shipper, Qatar won’t be fighting for market share at the expense of earnings.
![Gas](/cache/2016/01/IRAN-31.01316ed0.jpg)
2016, January, 15, 19:55:00
IRAN NEEDS $20 BLN
Iran needs $20bn to develop the remaining phases of the South Pars gas field, energy minister Bijan Namdar Zanganeh said
![Gas](/cache/2016/01/CHINA-73.fff6dfae.jpg)
2016, January, 15, 19:50:00
CHINA'S OIL & GAS DEMAND WILL UP
Natural gas demand is expected to rise to 199 billion cubic meters in 2016, Zhu Fang, head of market information department at the China Petroleum and Chemical Industry Association told Reuters after a media briefing by the association on Tuesday in Beijing.
![Gas](/cache/2016/01/lng-29.aa5aaaeb.jpg)
2016, January, 10, 18:30:00
GLOBAL GAS CHALLENGES
“The advent of [more sellers of] LNG is another challenge of the gas market,” Adeli said and noted that the U.S. has utilised modern technologies to produce gas from shale, so that the country has been turned from a gas importer to an exporter. Australia, another OECD country with no interest in joining organisations that could be seen as cartels, is already an LNG exporter and its output is rising sharply over the coming few years.
![Gas](/cache/2016/01/USA-238.6351a72a.jpg)
2016, January, 10, 18:00:00
U.S. RIGS DOWN 34
U.S. Rig Count is down 34 rigs from last week to 664, with oil rigs down 20 to 516, and gas rigs down 14 to 148.
![Gas](/cache/2016/01/gas-94.94f25802.jpg)
2016, January, 7, 20:30:00
EUROPE: MORE LNG
“Given the volumes of gas shipped to Europe, the marginal cost of additional Russian gas is low and they should be able to compete with US LNG supplies,” said Malcolm Johnson, a Guildford, England-based faculty member of The Oxford Princeton Programme, an energy training provider. “However, it is clear that in certain countries there is a desire to diversify supplies for supply security.”
![Gas](/cache/2016/01/OIL-313.5650ac38.jpg)
2016, January, 5, 17:00:00
2016: OIL & GAS INVESTMENTS DOWN TO $522 BLN
While tens of thousands of jobs have already been cut in 2015, more redundancies are expected this year as companies narrow their focus.
![Gas](/cache/2016/01/IRAN-52.ece82ef2.jpg)
2016, January, 5, 16:50:00
5 IRANIAN CONDITIONS: $185 BLN
Iran's deputy oil minister for commerce and international affairs, Hossein Zamaninia, said Tehran had identified nearly 50 oil and gas projects worth $185 billion that it hoped to sign by 2020.
![Gas](/cache/2016/01/UK-24.ed616bd5.jpg)
2016, January, 5, 16:35:00
UK OIL & GAS UP 7%
“While the UK offshore oil and gas industry is having to adapt to the low oil price and driving greater efficiencies throughout its operations the fact is that the value of our product has more than halved," she said. "Times are really tough for this industry and for the people working in it. We will continue to see job losses as we move into 2016 and we must be thoughtful and supportive of our colleagues and their families who are being made redundant or who are at risk of being made redundant."
![Gas](/cache/2016/01/USA-237.9169bf53.jpg)
2016, January, 5, 16:30:00
U.S. RIGS DOWN 2
U.S. Rig Count is down 2 rigs from last week to 698, with oil rigs down 2 to 536, and gas rigs are unchanged from last week, at 162.
![Gas](/cache/2016/01/OIL-312.c7fb2c12.jpg)
2016, January, 5, 16:25:00
2015: OIL & GAS PRICES
West Texas Intermediate (WTI) and Brent, two of the major crude oil benchmarks, account for about 69% of the weighting in the S&P GSCI Energy index. As a result, the energy index tends to follow major price movements in the crude oil market. With sustained, high crude oil production from countries like Saudi Arabia, Iraq, the United States, and Russia, global liquid fuel inventories rose significantly in 2015, resulting in crude oil prices falling to 11-year lows in December.