Asia-Pacific
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.
Technip Energies awarded a significant contract for the electric driven Xi’An LNG project in China
Technip Energies has been awarded a significant contract by Shaanxi LNG Reserves & Logistics Co. Ltd. for the 3 million normal cubic meters per day (Nm3/d). Xi'An LNG Emergency Reserve & Peak Regulation Project in China.
Philippines set to receive first-ever LNG cargo for power generation
The Philippines has bought its first-ever liquefied natural gas cargo, which will be delivered this month, bound for a new terminal that will fuel a 1,200-megawatt power plant.
Vietnam needs $11.5-B to expand national fuel storage capacity by 2030
Vietnam would need investment of up to $11.51 B to expand its national fuel storage system by 2030 citing a draft plan prepared by the Ministry of Industry and Trade.
Asia spot prices maintain downtrend on tepid demand
Asian spot liquefied natural gas this week hit its lowest since early July 2021 as weak demand and solid inventories in northeast Asia continued to pressure prices, while Europe prepared to exit winter with record inventories.
India keeps domestic gas prices on hold for now
India will provisionally keep the price of locally produced gas from old fields at $8.57 per mmBtu
China’s LNG imports to show small rebound in 2023
China’s liquefied natural gas imports fell sharply in 2022 because of the disruption caused by lockdowns to control the coronavirus epidemic and the massive exit wave of infections when they were lifted.
McDermott awarded FEED contract from Shell
McDermott has been awarded a front-end engineering design (FEED) contract from Shell Trinidad and Tobago Limited for the Manatee gas development project as part of a competitive FEED process.
Australia's gas sector says more supply is the answer
The Australian natural gas sector believes it has the solution to warnings of a shortfall in domestic supplies in coming years: produce more.
Asia spot prices of LNG slip as weak northern demand remains
Asian spot prices of LNG declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continues to pressure prices down.
India's coal + renewables mix makes for messy energy transition
India has emerged as a renewable energy star after boosting solar capacity by a whopping 28% in 2022, rivalling China's growth rate and outpacing European heavyweights which deployed record funding on energy transition efforts last year.
Russia hopes to seal Power of Siberia 2 deal with China this year
Russia hopes that a deal to provide gas supplies to China through the planned Power of Siberia 2 pipeline can be reached before the end of the year.
Does China need more Russian gas via the Power-of-Siberia 2 pipeline?
Russian President Vladimir Putin and Chinese leader Xi Jinping met in Moscow for two days of talks which ended Tuesday, during which they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia.
Russia's tighter energy ties with China since Ukraine war
China has increased purchases of Russian oil and gas in the year since Russia invaded Ukraine and the energy relationship between the two countries will be an important topic when presidents Vladimir Putin and Xi Jinping meet in Moscow this week.
CF Industries to buy Incitec Pivot's U.S. ammonia plant in $1.68 B deal
CF Industries Holdings, the world's top ammonia producer, will buy the U.S. manufacturing facility of Australia's Incitec Pivot Ltd in a $1.68 B deal, the companies said on Monday.
Adani Group engaging with financial institutions over Gujarat petchem project
India's Adani Group said, on Monday, its engagement with financial institutions over a petrochemical project at Mundra in the western state of Gujarat was still ongoing.
China's energy investments in Russia
Chinese state energy giants have made a number of multi-billion-dollar investments in Russia, one of China's top oil and gas suppliers, across various stages of the energy supply chain.
LNG activities resume at Dunkirk terminal in France
Disruption at Fluxys's LNG terminal in Dunkirk, northern France, ended on Friday morning.
Asian spot prices stay flat at 20-month low and held by buying interest
Asian spot prices of LNG stayed flat this week, breaking a losing streak of declines since mid-December, as buying interest kept prices from sliding further.
China LNG buyers return to spot market, but coal to keep demand capped
Chinese liquefied natural gas LNG buyers have resumed spot purchases, drawn by easing prices and recovering domestic demand, potentially increasing competition with Europe for supplies.
Australia's LNG exports may have to be diverted to fend off winter gas shortage
Australia's east coast liquefied natural gas (LNG) exporters may need to divert excess gas supply for domestic customers to stave off any potential supply shortages this winter in the country's south
TotalEnergies launches integrated engineering studies
TotalEnergies, operator of the project, announces the launch of the fully integrated Front-End Engineering and Design for the Papua LNG project.
Petronas cooperates with Tiger Gas in LNG bunkering business
Petronas, through Petronas Marine brand, has inaugurated the LNG bunkering business with long-term partner Tiger Gas. This follows the completion of its maiden ship-to-ship LNG bunkering operation of approximately 500 tons of LNG for the latter’s Tiger Maanshan.
Joint study of sustainable palm oil industry development in Malaysia
JGC Holdings Corporation and Japan NUS have signed a memorandum of understanding with the Malaysian natural gas sales, marketing, and distribution company Gas Malaysia Bhd for joint study of sustainable domestic palm oil industry development through effective utilization of unused resources from palm oil milling in the country.
NYK, FueLNG achieve first PCTC LNG bunkering in Singapore
Nippon Yusen Kabushiki Kaisha (NYK), a leading Japanese shipping company, and FueLNG, a joint venture between Keppel Offshore & Marine Ltd¹ and Shell Eastern Petroleum (Pte) Ltd., have completed the first bunkering to an LNG-fueled pure car and truck carrier (PCTC) vessel in Singapore.
Chevron and JERA sign MoU to explore carbon capture and storage projects in U.S. and Australia
Chevron New Energies (Chevron), a division of Chevron U.S.A. Inc., and JERA Co. Inc. (JERA) have signed a Memorandum of Understanding (MoU) that provides a framework for their collaboration on carbon capture and storage (CCS) projects located in the U.S. and Australia.
Papua LNG project enters integrated FEED stage
Santos today announced the Papua LNG joint venture has launched fully-integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Guinea.
