I wrote last week about U.S. liquefied natural gas (LNG) projects. And how falling gas prices in markets like Asia may make them more difficult to develop.

Grins were on the faces of China National Petroleum executives this week as they celebrated a blockbuster 30-year deal for Russian gas. It was a good day for CNPC, the state-owned colossus at the center of China’s oil and gas webs and one of Eurasia’s biggest energy investors.

Russia purportedly intervened in Crimea to protect ethnic Russians from neo-Nazi extremists that Moscow claims have infiltrated the transitional government in Kiev.

Oil and gas companies hoping to win big on Canada’s nascent liquefied natural gas (LNG) export industry are balking at a new gas tax proposed for British Columbia that is great for the province but tough on the industry wallet.

In news certain to delight the Chinese government, Sinopec announced the discovery of a massive 440.4 billion cubic meters natural gas deposit in the country’s Sichuan Basin.

The reserve, discovered by CNPC’s subsidiary PetroChina, could hold 440 billion cubic meters (bcm) of natural gas, 308 bcm of which is technically recoverable--enough natural gas to fuel the Chinese economy for two years.