Tag Archives: Natural gas

Stalin-Mao roles reversed as Putin visits China seeking investment

Stalin-Mao Roles Reverse as Putin Courts China Investment

By Stepan Kravchenko and Henry Meyer

China, which relied on Soviet aid during the era of Joseph Stalinand Mao Zedong, has turned the tables as Russian PresidentVladimir Putin visits Shanghai.

The Russian leader starts a two-day visit to China today, seeking to complete an agreement on natural gas supplies to the world’s second-largest economy, held up for more than a decade because of a debate over the price. The contract is “nearly finalized,” Putin told Chinese media in aninterview published yesterday.

Putin is looking to cement ties with China as the conflict in Ukraine alienates him from the U.S. and its European allies. The relationship with China, Russia’s biggest trading partner after the two-way volume surged sevenfold in the past decade to $94 billion last year, is becoming even more important as escalating sanctions threaten to tip the economy into recession.

“As Russia’s relations with the West deteriorate, its ties with China will need to grow stronger,” Dmitri Trenin, director of the Carnegie Moscow Center, said by e-mail. “Beijing, rather than Moscow, will be the senior power.”

That role reversal is underscored by the disparity of the two countries’ economic development during the past 35 years. In 1979, as Deng Xiaoping started an economic overhaul, China’s output was 40 percent of the Soviet Russian Republic’s — the present-day Russian Federation, according to astudy published this year by the Center for European Reform. By 2010, China’s economy had become four times the size of Russia’s, it said.

Read more » Bloomberg
http://www.bloomberg.com/news/2014-05-19/stalin-mao-roles-reverse-as-cold-shouldered-putin-courts-chinese.html

New gas reserves in Sindh

Pakistan discovers new gas reserves in Sindh

KARACHI: Huge reserves of natural gas have been discovered in Sindh as Pakistan struggles to overcome crippling energy crisis.

According to Geo News report, 39 million cubic feet gas reserves have been discovered during the drilling of wells in Sanghar. The report said 65 percent shares of the project are owned by the PPL. According to initial estimates, 106.8 million cubic feet natural gas would be produced.

70 percent of natural gas reserves in Pakistan are located in Sindh.

Courtesy: The News

http://www.thenews.com.pk/article-105916-Pakistan-discovers-new-gas-reserves-in-Sindh

OGDC discovers gas in Sindh

KARACHI – SINDH (APP)- Oil and Gas Development Company (OGDC) has discovered natural gas from its Reti exploratory well No 1-A (Guddu Block), located in Ghotki district.

According to the communique to KSE here Wednesday, the Guddu joint venture is comprised of OGDCL, IPRTOC and Government Holdings (Pvt) Ltd, having 70 %, 25 % and 5 % working interest respectively.

Reti Well was drilled down to its target depth of 770 meters based on electric logs, geological and drilling data. The production testing was started on August 1, 2009 to evaluate the potential of Pirkoh Limestone of middle Eocene age.

Three zones in Pirkoh limestone have been selected for testing.

Zone-I proved to be tight and water bearing, while Zone-II has produced 2.82 mmcfd of gas wellhead flowing pressure of 498 Psi.