Asia, Gas | featured news

If the extraction process is successful, it could provide enough energy to meet the country’s gas consumption needs for 14 years, experts say.

Japanese Prime Minister Yoshihiko Noda said on Saturday that the government is considering buying islands in potentially gas rich territory claimed by both Japan and China, in a move likely to anger Beijing.

It picked a bad time to sell a refinery in the developed world, but Chevron lightens up to focus on Asia and gas.

China and Russia signed contracts worth several billion dollars, but didn't reach a breakthrough in negotiations to supply Russian gas to China.

A 50 billion Australian dollar ($41 billion) deal for China to buy Australian natural gas shows current diplomatic tensions between the two countries will not trump their commercial interests, officials said Wednesday.