scholarly journals Natural Gas Industry in Korea: Current Status and Outlook

1994 ◽  
Vol 9 (0) ◽  
pp. 133-152
Author(s):  
Jae Duck Yoon
Keyword(s):  
Natural Gas ◽  
Construction Projects ◽  
Energy Use ◽  
Current Status ◽  
Gas Industry ◽  
Natural Gas Industry ◽  
Policy Objectives ◽  
Gas Market ◽  
The Government ◽  
Facility Construction

Korea's natural gas industry has a relatively short history, but it has displayed a dynamic growth and this growth will continue in the foreseeable future. The use of natural gas has been promoted due to the government policy to diversify the energy source to lower dependency on oil and to regulate air pollution, combined with consumers' preference for high grade energy. The structural change in Korea's energy use and supply, brought about by the growth of natural gas market in Korea, is of main interest of this paper. Particular focus is given to the rapid increase in gas demand and Korea's nationwide gas supply plan according to which massive facility construction projects have been undertaken. The Korea Gas Corporation (Kogas) is currently conducting projects for expanding its existing facilities and for building new ones. These include: building more LNG storage tanks, constructing a new LNG receiving terminal, and extending pipelines to form a nationwide transmission network. Attention is paid also to the reform of gas pricing mechanism in Korea so that it would provide with appropriate means for achieving various policy objectives of the government.

THE EMERGING PHILIPPINE NATURAL GAS INDUSTRY AND OPPORTUNITIES FOR FOREIGN INVESTMENT

1996 ◽  
Vol 36 (1) ◽  
pp. 622
Author(s):  
Rufino B. Bomasang
Keyword(s):  
Natural Gas ◽  
Foreign Investment ◽  
Power Plants ◽  
Capital Requirements ◽  
Energy Prices ◽  
Gas Field ◽  
Gas Industry ◽  
Natural Gas Industry ◽  
Gas Market ◽  
The Government

The main Philippine energy policy objectives are availability of energy supply; competitive, affordable, and reasonable energy prices; and environmentally compatible energy infrastructure. A key strategy in the pursuit of these objectives is expanded natural gas utilisation.Development of the Camago-Malampaya gas field in offshore northwest Palawan is the vital anchor of the emerging Philippine gas industry. It has proven reserves of 3–4 trillion cubic feet, enough to supply a 3,000 megawatt power plant, but located in very deep water (over 800 m) and far away from the market (requiring 500 km of pipeline). Nevertheless, the developers (Shell and Occidental Petroleum) are prepared to develop the field and build a 24-inch offshore pipeline to transport the gas to power plants in Luzon which independent power producers are likewise prepared to put up, all to be completed by 2001–2002. Total capital requirements from upstream to downstream are estimated at US$4–5 billion.While the initial gas market will be limited to power generation, the government intends to expand the use of gas to the industrial, commercial/residential, and transport sectors. To assure reliable gas supply to the entire gas industry, the government is actively promoting gas exploration and supports LNG importation to supplement indigenous gas.With the government's policy of maximising private sector participation, the gas industry offers tremendous foreign investment opportunities includingindigenous gas exploration/development;pipeline construction;LNG supply and construction/operation of LNG infrastructure;independent power production; anddevelopment of new gas markets.

scholarly journals Split Sales of Gas

1971 ◽  
Vol 9 (3) ◽  
pp. 496
Author(s):  
Robert C. Muir
Keyword(s):  
Natural Gas ◽  
Gas Reservoir ◽  
Gas Industry ◽  
Natural Gas Industry ◽  
Gas Market

The Natural Gas Industry is highly competitive and once a gas reservoir is discovered the various producers are anxious to enter into Gas Purchase Contracts. The contracts are with different purchasers and on different terms giving rise to split stream deliveries - there would never be any split stream problems if all producers made simultaneous deliveries to one or more purchasers in exactly the same volumes at exactly the same price. This article examines the position of the producers in the gas reservoir in the absence of an agreement and then discusses different contractual methods which the producers may use to resolve the conflict between the Doctrine of Correlative Rights and the Rule of Capture, such as gas market sharing contracts, cash adjustments, gas balancing schemes and deferred production agreements. To further complicate the problems of 'the producer in dealing with split sales of gas, the lessee-producer must keep in mind the interests of the lessor-royalty owner. The article concludes with a consideration of the interest of the royalty owner in the prepayment received by the producer and in the price for which the producer is selling the gas.

Bio-natural gas industry in China: Current status and development

2020 ◽  
Vol 128 ◽  
pp. 109925 ◽  
Author(s):  
Lei Zheng ◽  
Shikun Cheng ◽  
Yanzhao Han ◽  
Min Wang ◽  
Yue Xiang ◽  
...  
Keyword(s):  
Natural Gas ◽  
Current Status ◽  
Gas Industry ◽  
Natural Gas Industry

scholarly journals Serbian gas sector in the spotlight of oil and gas agreement with Russia

2017 ◽  
Author(s):  
Dejan Brkić
Keyword(s):  
European Union ◽  
Natural Gas ◽  
Energy Use ◽  
Oil And Gas ◽  
Action Plan ◽  
The European Union ◽  
European Union Policy ◽  
Gas Industry ◽  
Natural Gas Industry ◽  
South Stream

The Russian natural gas industry is the world's largest producer and transporter of natural gas. This paper identifies the benefits for Serbia as transient country to European Union for Russian natural gas through South Stream gas-line in the current political context of implementation of gas agreement. On the other hand, according to the Agreement on Stabilization and Integration to European Union, Serbia is obligatory to implement reforms in energy sector and its energy policy must be in accordance with the European Union policy. Republic of Serbia has produced and consumed natural gas domestically since 1952, but has always been net importer. Strategy of Energy Development in Serbia and especially, National Action Plan for the gasification on the territory of Republic of Serbia dedicated special attention to gas economy development in respect with expected contribution in efficient energy use and environmental policy protection in the country.

Development in China’s Natural Gas Industry Regulation

2012 ◽  
Vol 524-527 ◽  
pp. 3058-3061
Author(s):  
Lin Jun Huang
Keyword(s):  
Natural Gas ◽  
Clean Energy ◽  
Fundamental Rights ◽  
Regulation System ◽  
Gas Industry ◽  
Industry Development ◽  
Policy And Strategy ◽  
Natural Gas Industry ◽  
Gas Market ◽  
The Cost

With the growing interest in clean energy, and the natural gas market maturity in China, there is a strong need to introduce as soon as possible a regulation system covering the mid- and downstream natural gas business to ensure a harmonized approach to gas industry development. Adopting a consistent regulation system for the mid- and downstream natural gas industry that establishes the fundamental rights, obligations and regulatory principles would provide a clear legal expression of the government’s policy and strategy for gas industry development and the ground rules for the operation of the gas industry. Such a regulation system would, therefore, help create a more stable investment and operating environment, reduce uncertainty and investment risk, and consequently lower the cost of capital.

Finding Fault with the Nexus Pipeline? Agency Capture and the Public Good

2017 ◽  
Vol 1 (1) ◽  
pp. 1-8
Author(s):  
Andrew R. Kear
Keyword(s):  
Natural Gas ◽  
Environmental Impact ◽  
Public Good ◽  
Health And Safety ◽  
Environmental Impact Statement ◽  
Gas Industry ◽  
The Public ◽  
Fracturing Process ◽  
Natural Gas Industry ◽  
Regulatory Commission

Natural gas is an increasingly vital U.S. energy source that is presently being tapped and transported across state and international boundaries. Controversy engulfs natural gas, from the hydraulic fracturing process used to liberate it from massive, gas-laden Appalachian shale deposits, to the permitting and construction of new interstate pipelines bringing it to markets. This case explores the controversy flowing from the proposed 256-mile-long interstate Nexus pipeline transecting northern Ohio, southeastern Michigan and terminating at the Dawn Hub in Ontario, Canada. As the lead agency regulating and permitting interstate pipelines, the Federal Energy Regulatory Commission is also tasked with mitigating environmental risks through the 1969 National Environmental Policy Act's Environmental Impact Statement process. Pipeline opponents assert that a captured federal agency ignores public and scientific input, inadequately addresses public health and safety risks, preempts local control, and wields eminent domain powers at the expense of landowners, cities, and everyone in the pipeline path. Proponents counter that pipelines are the safest means of transporting domestically abundant, cleaner burning, affordable gas to markets that will boost local and regional economies and serve the public good. Debates over what constitutes the public good are only one set in a long list of contentious issues including pipeline safety, proposed routes, property rights, public voice, and questions over the scientific and democratic validity of the Environmental Impact Statement process. The Nexus pipeline provides a sobering example that simple energy policy solutions and compromise are elusive—effectively fueling greater conflict as the natural gas industry booms.

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