Asia-Pacific
Japan's 2023 preliminary LNG imports down 8% to lowest in 14 years
Japan's LNG imports fell by 8% to 66.2 MMt last year to the lowest since 2009 following nuclear power restarts and increased use of renewable energy.
Gas exporting group sees tight global LNG markets until 2026
The Gas Exporting Countries Forum sees tight global LNG markets until 2026 as demand rises 1.5% this year and up to 22% through 2050.
Australia secures new gas deals for east coast energy markets
The Australian government said it had reached new gas supply deals for its east coast energy market, easing some concerns over long-term supply gaps as the country moves rapidly away from its dependence on coal-fired power stations.
Asia spot LNG prices slip below $10 MMBtu despite Red Sea tensions
Asian spot LNG prices dipped below $10 per MMBtu for the first time in nearly eight months, as ample inventories and mild weather outweighed geopolitical tensions in the Red Sea.
Qatar set to sign cheaper long-term LNG deal with India
Qatar Energy within weeks could sign a long-term deal to provide LNG to Indian buyers on cheaper and more flexible terms than existing contracts as India seeks to meet a goal to increase the fuel's use.
Bangladesh's Summit to supply 1.5 MMt LNG to Petrobangla from Oct 2026
Bangladesh's Summit Group has signed a preliminary pact to supply 1.5 MMt of LNG per year to state-run Petrobangla for 15 years, starting from October 2026, its chairman.
Gas, LNG prices to remain relatively weak in 2024 amid subdued demand
Global prices of gas and LNG are expected to remain relatively weak in 2024, with demand subdued due to high storage levels in Europe and Asia and a mild Northern Hemisphere winter.
Sinopec says more deep tight-gas reserve certified in Sichuan basin
China's Sinopec Corp said on Wednesday that the Chinese government had recently certified 133 Bcm of proven geological reserves of natural gas in its operation in southwest Sichuan basin.
Japan spot LNG contract price for December not disclosed
The average contract price for spot LNG cargoes for shipment to Japan last month was not disclosed by state-owned Japan Oil, Gas and Metals National Corporation.
Russia boosts fuel exports to Central Asia, Afghanistan and Mongolia in 2023
Central Asian countries, Afghanistan and Mongolia raised their imports of Russian fuel by around 28% in 2023 to almost 6 MMt, partially offseting a decline in Russian supplies to Europe.
Indonesia's 2024 oil, gas lifting set to fall short of government targets, regulator says
Indonesia's oil and gas lifting this year is likely to fall below government targets, upstream oil and gas regulator SKK Migas said but pledged efforts to fill the gap.
Asia spot LNG prices fall to 7-mth low as stocks remain plentiful
Asian spot LNG prices slid for an eighth consecutive week to hit their lowest levels in seven months, as healthy storage levels in both Europe and northeast Asia continued to weigh on prices.
Tokyo Gas expects to close sale of Australian LNG assets at end of February 2024
Japan's biggest city gas provider, Tokyo Gas, said it expects to close the planned sale of its stakes in a portfolio of four Australian LNG projects at the end of February.
Shell anticipates Q4 setback with $4.5B write-down on Singapore assets, despite LNG production rise
Ahead of fourth-quarter results on Feb. 1, the company also said gas trading would be significantly higher than the previous three-month period, while oil trading results were expected to be significantly lower over the same period.
Japan's Kyushu Electric may invest in Lake Charles LNG project in U.S.
Kyushu Electric Power is considering investing in the U.S. Lake Charles LNG project of Energy Transfer, among other projects, to secure a stable supply of the fuel.
India's GAIL signs 10-yr LNG purchase deal with Vitol
State-run GAIL Ltd said it has signed a 10-year LNG import deal with trader Vitol to buy about 1 MMtpy of the super-chilled fuel from 2026.
Asia spot LNG prices dip to 5-month low as stocks weigh
Asian spot LNG prices slipped to a five-month low this week, extending losses that began in mid-November as mild winter weather and high inventories curbed demand.
Asia's LNG imports hit record, but supply surge keeps price muted
Asia's imports of LNG rose to a record in December, but spot prices remained subdued as shipments from top exporters Australia and the United States also hit all-time highs.
Russia's Gazprom breaks daily record for gas supply to China
Russian energy giant Gazprom said it set a new daily record the previous day for gas supplies to China through the Power of Siberia pipeline.
Asia spot LNG price remains at 4-month low, falls 58% in 2023
Asian spot LNG prices remained at their lowest level in over 4 mos this week on strong inventories, mild weather and weak demand which are all bearish factors that are seen continuing into 2024.
Shell resumes LNG loadings from Prelude facility in Australia
Shell said it has resumed loading LNG cargoes from its Prelude facility offshore Australia following major maintenance.
Samsung Heavy says it has stopped making blocks for Russian shipyard's LNG carriers
Samsung Heavy Industries said it has stopped making blocks and equipment for 10 out of 15 Arctic LNG carriers contracted with Zvezda.
Japan's Mitsui to pull employees out of Russia's Arctic LNG 2
Japan's Mitsui and Co has decided to pull its employees out of Russia's Arctic LNG 2 LNG project in yet another blow for the project.
China seeks exemption from U.S. sanctions on Russian LNG plant
China's state oil majors CNPC and CNOOC have both asked the U.S. government for exemptions from sanctions on Russia's Arctic LNG 2 export plant.
Asia LNG prices hit 4-mos low despite supply, geopolitical concerns
Asian spot LNG prices hit their lowest level in over 4 mos this week on strong inventories and weak demand despite supply concerns as more tankers avoid the Red Sea, following attacks launched by Yemen's Houthi group on commercial ships.
Woodside Energy to supply LNG to Pilbara Minerals unit
Woodside Energy said it had signed a sales and purchase agreement with a unit of Pilbara Minerals for the supply of domestic LNG from its Pluto Truck Loading Facility in Western Australia.
Tokyo Gas unit to buy U.S. natgas producer Rockcliff Energy for $2.7 B
A unit of Tokyo Gas has decided to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 B to expand its overseas business.
QatarEnergy CEO says new LNG supply deals 'imminent'
QatarEnergy expects to agree new long-term liquefied natural gas supply deals in Asia and Europe, with several "imminent".
Vietnam awards license to Tokyo Gas, partners to build $2-B LNG power plant
Vietnam awarded an investment license to a consortium of Tokyo Gas, Kyuden International and Truong Thanh Group to build a $1.99-B LNG-fired power plant in its northern province of Thai Binh.
Woodside, Santos proposed $52-B tie-up unlikely to be sealed until at least Feb
Australia's Woodside Energy and rival Santos are unlikely to announce any agreement on a proposed $52-B tie-up to create a global oil and gas giant until at least February.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
