Tag Archives: Energy Voice

CNOOC Denies Plans for $3 Billion UK North Sea Exit

CNOOC has brushed aside recent media reports that the firm is considering withdrawing from oilfield investments in the UK North Sea, the US and Canada. The Nikkei Asia financial publication said the Chinese national oil firm is not, contrary to reports, seeking to diminish its vulnerability to Western-led sanctions targeting …

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China LNG Demand to Peak in 2022

After reaching around 124 billion cubic metres (bcm) this year, Fitch forecasts LNG import volumes to fall year-on-year up until 2025, hitting an annual low of 114 bcm that year, before growth flips back into positive territory. “Several factors are at play. On the one hand, demand growth – while …

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Russia’s Novatek Eyes Foothold in Vietnam LNG Market Following Pact

Russian LNG exporter Novatek has signed a cooperation agreement with Vietnam’s PetroVietnam on developing potential liquefied natural gas (LNG) and power projects in the southeast Asian country. The agreement was struck during Vietnamese president Nguyen Xuan Phuc’s visit to Moscow, where he held a meeting with Novatek chairman Leonid Mikhelson …

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Gazprom Ships First LNG to India via Northern Sea Route

Russia’s Gazprom said its Marshal Vasilevskiy vessel passed through the Northern Sea Route (NSR) with a cargo of liquefied natural gas (LNG) for the first time ever. The Russian LNG cargo was delivered under long-term contract to Indian company GAIL. On September 23, Marshal Vasilevskiy collected an LNG cargo at …

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Asia Needs $3 Trillion of Energy Investment

Asia remains a leading energy demand centre and will increasingly drive global energy trends. Energy demand in Southeast Asia has grown by 80% since 2000, at a rate far exceeding the global average. This rapid expansion has maintained pace during the pandemic and is poised to accelerate in 2021, according …

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Australian LNG Exports to China Hit Record

Australia exported a record 30.7 million tonnes of LNG to China, worth an estimated A$15.6 billion, EnergyQuest said in its latest report released today. Deliveries from Australia were up 7.3% from the previous record of 28.6 million tonnes posted in the full year ending June 2020, according to import statistics. …

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