Vietnam has cancelled a major oil project in the South China Sea for the second time in a year, in the wake of Chinese pressure, the BBC has learned. State-owned PetroVietnam ordered Spanish energy firm Repsol to suspend a project off the south-east coast, a well-placed industry source said. Source: BBC
Russia’s Gazprom will start gas supplies to China from Dec. 1, a month earlier than planned, the gas producer said on Friday. Deliveries of gas to China via the Power of Siberia pipeline were due to begin at the end of December 2019, but the project is only expected to reach full capacity in 2025. Source: Reuters
Turkish exploration ships will soon start drilling for oil and gas offshore the northern part of Cyprus, the energy minister of the Turkish Cypriots told Turkish Anadolu Agency on Wednesday, a move that could reignite tension between Turkey, Cyprus, and Greece regarding the exploration rights off the eastern Mediterranean island. Source: Oilprice
In a boost to firms like ONGCNSE -2.95 % and Reliance IndustriesNSE -0.83 %, the government is likely to raise the price of domestically produced natural gas by over 10 per cent to over $3.72 per million British thermal unit with effect from April 1, sources in know of the development said. Source: Economic Times
