Strong demand growth from China, greater industrial demand and rising supplies from the United States will transform global pipeline natural gas and LNG markets over the next five years.
The US Department of energy currently lists 25 pending liquefied natural gas export projects at various stages of development and with cumulative volumes equivalent to 21.35 billion cubic feet per day.
French law firm De Gaulle Fleurance & Associés has released the first standard general terms and conditions (GTC) for the sale and purchase of liquefied natural gas, offering a more efficient way to trade LNG on the spot and short-term markets.
US Department of Energy Secretary Rick Perry helped get the World Gas Conference off to a rousing start as he praised technological innovation in the energy sector that would have been unheard of 30 years ago, the last time the conference was held in the United States.
The Sichuan basin has ideal preservation conditions with moderate burial depth and high strata pressure,” said a paper presented by China National Petroleum Corp.