(EnergyAsia, July 21 2015, Tuesday) — With global energy demand growing at a much slower rate than expected, a UK lobby group predicts companies may have to delay or cancel proposed liquefied natural gas (LNG) projects worth a total of US$283 billion through 2025.

(EnergyAsia, July 20 2015, Monday) — India’s natural gas deficit will fall by nearly 58% over the next 10 years as annual supply will rise by nearly 8.5% to outpace domestic demand’s annual 3.8% growth, predicts credit rating agency ICRA.

(EnergyAsia, July 15 2015, Wednesday) — Crude prices have recovered from the initial sell-off following Tuesday’s news of Iran’s successful talks with the UN Security Council and Germany (P5+1) over the lifting of trade sanctions in exchange for tight restrictions and inspections on its nuclear programme. The five UN Security Council members include the US, China, Russia, France and the UK.

(EnergyAsia, July 2 2015, Thursday) — China Petrochemical Corp, or Sinopec, will fulfil its annual purchase of 7.6 million tonnes of liquefied natural gas (LNG) that forms a crucial part of an agreement for a joint venture project in Australia, said Origin Energy Limited.

(EnergyAsia, July 1 2015, Wednesday) — The proponents of a US$10-billion pipeline network to deliver natural gas from Turkmenistan to Afghanistan, Pakistan and India (TAPI) are hoping to start work by December after more than two decades of delay.

(EnergyAsia, July 1 2015, Wednesday) — Turkmenistan’s decision to devalue its currency by 22% on January 1 will help its economy grow by nine percent this year but the current account deficit will more than double from last year’s 5.9% of GDP, said the International Monetary Fund (IMF).

(EnergyAsia, June 30 2015, Tuesday) — With so much uncertainty on the economic and geopolitical fronts, the Organization of Petroleum Exporting Countries (OPEC) has frozen its crystal ball on how much oil the world will be consuming over the next two years in its latest monthly report for June.

(EnergyAsia, June 30 2015, Tuesday) — Largely in response to lower oil prices, Kazakhstan, Azerbaijan and Turkmenistan will reduce crude and condensate production by a combined 50,000 b/d in 2015 from last year’s 2.86 million b/d predicts the Organisation of Petroleum Exporting Countries (OPEC).

(EnergyAsia, June 29 2015, Monday) — Japan’s Mitsubishi Heavy Industries, Ltd (MHI) said it has received an engineering, procurement and construction (EPC) order from Indian Oil Corporation Ltd to construct two storage tanks for a liquefied natural gas (LNG) terminal 25km north of Chennai city, formerly known as Madras.

(EnergyAsia, June 16 2015, Tuesday) — In attaching two major conditions to its twice-delayed final investment decision (FID), Malaysian state energy firm Petronas has thrown the initiative back to Canada over the fate of its proposal to build a C$36 billion liquefied natural gas (LNG) project in British Columbia province. (US$1=C$1.25).

(EnergyAsia, June 9 2015, Tuesday) — Chinese officials said they expect the country to invest a total of nearly US$900 billion in more than 900 projects under its strategy to develop an expanded Silk Route and a new maritime belt to connect various parts of the world.

(EnergyAsia, June 9 2015, Tuesday) — The eight economies of Central Asia and the Caucasus will experience a sharp slowdown in growth this year on the twin negative impacts of weak global commodity prices and Russia’s financial troubles, said the International Monetary Fund (IMF).

(EnergyAsia, May 29 2015, Friday) — In signing a much-awaited memorandum of understanding (MOU) and two major agreements with Pacific NorthWest LNG (PNW) on May 20, the British Columbia government made good its promised support for the company’s proposed project to produce liquefied natural gas (LNG) in northern BC for export to Asia.