Australia no longer expects gas shortfall before 2030

By Sonali Paul MELBOURNE, June 22 : Australia no longer faces a looming gas shortage, thanks to government pressure on exporters to divert the commodity into local markets and a reduced demand forecast for gas-fired power, according to estimates from the nation’s energy market operator. “No supply gaps are forecast before 2030 under expected market […]

PetroChina cuts gas supplies to major users to prevent shortages

By Meng Meng and Chen Aizhu BEIJING, May 18 : PetroChina, the country’s top gas producer, has curbed supplies of the fuel to some industrial users in northern and western regions, in the first sign of emerging tightness only two months after China experienced one of its worst winter gas crunches. To prevent another around […]

Australia’s Northern Territory lifts fracking ban

By Tom Westbrook SYDNEY, Apr 17 : Australia’s Northern Territory on Tuesday lifted a nearly two-year moratorium on fracking to extract gas, unlocking vast onshore reserves in the resource-rich region and raising the possibility of other provinces following suit. The Northern Territory (NT), a 1.4 million sq km (540,000 sq miles) expanse of outback extending […]

Chinese officials point fingers as gasification crisis worsens

By Meng Meng and Ryan Woo BEIJING, Dec 22 : When an inspector from a local environmental protection bureau visited a small village in China’s Shandong province in October to check on a gasification project, she said village officials became tearful in lamenting how far behind schedule they were. For years, the village has been […]

Gas export curbs loom as Australia’s east faces gas shortfall

By Sonali Paul MELBOURNE, Sept 25 : Royal Dutch Shell, ConocoPhillips and Santos face curbs on exporting gas from Australia’s east coast in 2018 if they fail to plug a projected local supply shortfall, Prime Minister Malcolm Turnbull warned on Monday. Eastern Australia faces a gas shortfall of up to 17 percent of market demand […]