Asia-Pacific
PetroVietnam Gas gets country's first LNG import-export approval
PetroVietnam Gas said it had received a certificate from local authorities to become the country's first company eligible to import and export LNG.
Asian spot LNG prices hit 23-month low amid weak restocking demand
Asian spot LNG prices hit a 23-month low on mild weather and weak restocking demand in China, Japan and Korea, while Europe enjoys 60% full inventories ahead of summer.
Global gas markets rebalancing and remains tight in 2023
Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe.
India's top gas importer sees 'huge jump' in demand as prices ease
India's top gas importer Petronet LNG expects a 'huge jump' in local gas demand for at least six months due to a softening of global prices of liquefied natural gas.
Timor Gap CEO expects Great Sunrise gas project decision by November
The head of East Timor's national oil company said he expects a decision by November on whether to pipe natural gas from its offshore Greater Sunrise project to the Southeast Asia island or to Australia for liquefaction and export.
Aramco in talks with Sinopec and TotalEnergies for $10-B gas deal
Saudi Arabian oil giant Aramco is in talks with refining giant Sinopec Corp and French oil major TotalEnergies for a gas deal of about $10 B.
Vietnam seeks first LNG cargo to commission import terminal
PetroVietnam Gas has issued a tender seeking to buy Vietnam's first cargo of LNG marking a milestone on the Southeast Asian nation's route to becoming a key importer.
MHI to collaborate with Saipem on CO2 capture technologies
Mitsubishi Heavy Industries, Ltd. has concluded a General License Agreement with Saipem S.p.A. under which MHI will provide Saipem with its proprietary “KM CDR Process” and “Advanced KM CDR Process” technologies for use in CO2 capture plants.
Japan's Tokyo Gas reports record 2022/23 profit on LNG price boost
Tokyo Gas reported its highest ever yearly net profit for the 2022/23 fiscal year amid record LNG prices but warned that next year's profit may drop because of projected lower city gas and electricity sales.
Woodside Energy ties up with Keppel Data Centres for liquid hydrogen supply
Australia's Woodside Energy Ltd signed an agreement with Keppel Corporation for the potential supply of liquid hydrogen to its data centers in Singapore, bolstering the city-state's renewable energy transition efforts.
India's Tata Steel begins hydrogen gas injection trial in blast furnace
Indian steel maker Tata Steel Ltd said it initiated trial for injecting hydrogen gas at its blast furnace in the company's flagship plant, in a move to reduce metallurgical coke usage and cut carbon emissions.
Woodside's stalled Browse LNG project still 'very attractive'
Woodside Energy Group Ltd's CEO played down concerns over the status of its long-delayed Browse LNG project after the company reported a decline in first-quarter sales revenue relative to the December quarter.
Asia petchem producers plan to switch to LPG after price slump
Several Asian petrochemical producers plan to switch a portion of their feedstock from naphtha to cheaper liquefied petroleum gas late in the second quarter as the price gap between the two fuels has widened.
Japan's Mitsui buys U.S. gas asset in 'pragmatic solution' for energy transition
Japan's Mitsui & Co Ltd has bought a 92% stake in an unconventional gas asset in Texas and plans to promote its gas business as a "pragmatic solution" for the energy transition.
Mitsubishi Power starts natgas turbine operation in Rayong, Thailand
Mitsubishi Power, a subsidiary of Japanese company Mitsubishi Heavy Industries, has started operations of a natural gas turbine at a gas-fired power plant project in Thailand's Rayong province on March 31.
Why a clean energy transition is so important to G7 chair Japan
Japan needs to import nearly everything from oil to liquefied natural gas, putting a clean energy transition at the core of domestic and foreign policy for this year's chair of the G7 developed nations.
Regas ship arrives for Hong Kong's first LNG import terminal
The world’s largest floating storage and regasification unit (FSRU) has arrived in Hong Kong to serve the city’s first liquefied natural gas import terminal.
Asian spot LNG prices slip as muted North Asia demand weighs
Asian spot LNG prices this week slipped to a 22-month low amid slow demand from Japan, China and South Korea.
The role of natural gas in the Asia-Pacific energy transition
In Southeast Asia, coal-fired and diesel-fired power generation are still significant parts of the energy and electricity systems. ANGEA believes that gas must play a significant role in the region’s future.
India extends transmission fee waiver for green hydrogen plants
India has extended a waiver of transmission fees for renewable power to hydrogen manufacturing plants commissioned before January 2031, as it aims to become the world's cheapest producer of the fuel.
Japan's Octopus Energy unit aims to increase renewables in energy source mix
The Japanese arm of British energy supplier Octopus Energy aims to add more renewable energy to its supply mix because it provides a more stable purchasing price compared with the liquefied natural gas it now relies on.
Sinopec to build China green hydrogen transmission pipeline
China's Sinopec, will build a pipeline to transfer hydrogen from renewable energy projects in China's northwestern Inner Mongolia region to cities in its east.
Japan aims to boost hydrogen supply to 12 million tons by 2040
Japan is to revise its hydrogen strategy by the end of May with an ambitious target to boost annual supply to 12 million tons by 2040 as competition increases in the global market for the fuel.
Russia's Sibur exports LPG to Africa, Middle East and Asia as EU cuts buying
Sibur, the largest producer and exporter of LPG in Russia, redirected exports to Africa, the Middle East and Asia in the past three months.
Air Products to build new nitrogen plants and extend pipeline network in Penang, Malaysia
Air Products announced it will build, own, and operate two nitrogen plants in Penang’s Bayan Lepas Free Industrial Zone and Batu Kawan Industrial Park.
Shell sees stronger LNG volumes and oil product performance in Q1
Shell expects higher LNG output in the first quarter after outages at its Australian plants last year as well as stable earnings from LNG trading.
Europe facing costly winter without enough long-term LNG deals
Europe has not made enough progress in locking in long-term contracts for LNG as an alternative to Russian pipeline supply, which may prove costly next winter as a rebound in Chinese demand could sharply tighten the market.
INPEX submits revised plan of development for Abadi LNG project
INPEX Corporation announced that through its subsidiary INPEX Masela, Ltd., it has submitted a revised Plan of Development for Abadi LNG Project incorporating a CCS component to Indonesian government authorities on behalf of the joint venture composed of INPEX and Shell.
LPG-fueled LPG carrier "Captain Markos" delivered
Kawasaki Heavy Industries, Ltd. announced it has delivered the 84,000 m3 capacity LPG carrier CAPTAIN MARKOS. This is the 70th LPG carrier built by the company.
India plans green hydrogen incentives of at least 10% of cost
India plans to give green hydrogen fuel producers incentives worth at least 10% of their costs under a $2-B scheme set to begin before the end of June.
