The pan-European single legal entity (SLE) proposed by the European Commission will not be included in the final electricity market design (EMD) reform, Paris-based power exchange Epex Spot representatives told <i>Argus</i>.
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Natural gas prices have, for a long time, been indexed to oil prices, but as demand and flexibility of supply grows, gas is increasingly traded through benchmark pricing
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China’s Shale Gas Industry Is Finally Taking Off By Tatiana Serova - Apr 17, 2021, 10:00 AM CDT
During the first two months of 2021, the Chinese oil and gas giant Sinopec managed to bring 28 new shale gas wells on stream in the country. The company also announced that the shale gas production from its major Fuling field jumped by 20% compared to last year. And despite the recent collapse in oil and gas prices, as well as the uncertainty brought by the Covid-19 pandemic, Sinopec remains optimistic on the future of shale gas. Its latest achievement was the completion of the first phase of a new shale field in Weirong, adding 1 billion cubic meters of shale capacity. This series of breakthroughs reveal a more global trend: a possible revolution in the Chinese shale gas sector. But in a country traditionally relying on conventional gas resources, how realistic is this “shale boom”?
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