Asia-Pacific
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.
Natural gas essential to the energy transition says Australian PM
New gas projects will play a role in the energy transition, Australian Prime Minister Anthony Albanese said, as his administration seeks to pass a reform to an emissions reduction bill amid growing pressure to ban new fossil fuel projects.
Asian spot LNG prices continue to decrease
Asian spot LNG prices continued their downtrend this week, hitting the lowest level since July 2021, due to tepid demand which is expected to last until the end of March.
India's NSE receives regulatory okay for natural gas futures
India's National Stock Exchange (NSE) said that the country's market regulator has approved the launch of rupee-denominated NYMEX crude oil and natural gas futures contracts in its commodity derivatives segment.
Japan to emphasize natural gas/LNG and clean fuels at G7 summit
Japan plans to emphasize the importance of investments in natural gas, LNG and cleaner fuels at the G7 summit later this year.
CNPC shuffles regional offices to better support global portfolio
China's CNPC has completed a months-long reshuffle with the addition of six regional offices that report to Beijing headquarters to better coordinate and supervise its sprawling global portfolio.
Asian LNG spot prices fall to lowest level since July 2021
Asian spot LNG prices eased this week, extending declines to its lowest since July 2021, as demand from key buyers in northeast Asia remain weak.
Cheniere Energy doubles revenue on surging LNG demand
Cheniere Energy said its full-year revenue more than doubled and also topped analysts' estimate on surging demand for the commodity since Russia's invasion of Ukraine.
Tokyo Gas to free up funds to focus on decarbonization
Japan's Tokyo Gas will cut shareholder returns from the next financial year and use freed up funds to invest in technology to slash its carbon emissions.
IEEFA: Turmoil in global LNG markets is curbing long-term demand growth
Global liquefied natural gas (LNG) supplies are likely to remain tight through 2025, curbing demand growth in key Asian import markets. European LNG demand may remain strong in the short term, but will decline by 2030 as decarbonization and energy security policies take effect. Meanwhile, a wave of new LNG export capacity coming online later in the decade could create a mismatch between supply and demand, elevating financial risks for LNG suppliers and traders. The findings come from the new Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).
Australian government seeks more leeway to curb east coast LNG exports
Australia's government has proposed to expand its ability to curb liquefied natural gas exports from three projects on the east coast in order to meet gas supply shortfalls, under a plan due to take effect in April.
IEA convenes Special Ministerial on natural gas markets and actions to reinforce supply security
Some 40 countries will convene for a Special IEA Ministerial (International Energy Agency) on February 15 to review the state of natural gas markets and discuss actions to strengthen security of supply amid the global energy crisis.
Japex lifts FY22/23 profit forecast on higher natural gas prices
Japan Petroleum Exploration Co. Ltd. (Japex) has lifted its full-year net profit forecast by 13% on higher selling prices of natural gas and electricity to domestic customers, and also raised its annual dividend estimate.
Oman LNG inks deal to supply China's Unipec with 1 metric MMtpy of LNG
Oman LNG has agreed to supply China's Unipec with ~1 metric MMtpy of liquefied natural gas (LNG) per year for four years starting in 2025.
Woodside, partners to pick plan for Timor Sea Sunrise gas project soon
Woodside Energy Group and its partners on Monday formally committed to working rapidly to pick the best option for developing the Greater Sunrise natural gas field, factoring in for the first time the potential benefits for East Timor.
Bangladesh could buy 10–12 spot LNG cargoes in Feb–June
Bangladesh will buy 10–12 spot LNG cargoes between February and June if prices soften further, an energy adviser to the prime minister told Reuters on Monday, in a reversal of a government decision last year to halt spot purchases after prices spiked.
Asian spot LNG prices decline, but enough to tempt buyers?
The momentum in global liquefied natural gas (LNG) markets swung away from Europe and back to Asia in January, but the modest increase in demand wasn't enough to buoy spot prices.
Using the over-the-counter markets to navigate the shifting LNG landscape
The considerable disruption in today’s natural gas markets should come as no surprise.
- 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™
