Asia-Pacific

ExxonMobil ahead of schedule on doubling LNG portfolio, exec says

ExxonMobil is ahead of schedule with its plan to double the size of its LNG portfolio to 40 MMtpy by 2030 and will focus on selling its own gas rather than trading that of third parties.

Asia spot LNG gains on supply concerns, steady demand

Asian spot LNG prices edged up this week to a six-week high amid supply concerns and following some spot demand pickup from buyers.

Yokogawa launches OpreX Robot Management Core

Yokogawa Electric Corporation announced the development and release of OpreX Robot Management Core, a software application in the OpreX Asset Management and Integrity family and will go on sale on March 22, 2024.

Lower LNG prices trigger surge in Asian spot market purchases

Price-sensitive LNG buyers from China, India and parts of Southeast Asia are snapping up more spot shipments of the fuel to power industries and generate electricity after prices have fallen to the lowest level in nearly three years.

Samsung Engineering rebrands name to 'SAMSUNG E&A'

The company name change to SAMSUNG E&A CO., LTD. was confirmed during the 57’s general shareholders' meeting on 21 March 2024, where the change of articles of incorporation were passed.

Petronas starts construction of floating LNG facility for Argentina

Malaysia's state energy firm Petronas has begun the construction of a floating LNG processing unit to be placed off the coast of Argentina, which aims to begin exports by 2027.

Global LNG market will 'be tight' until 2026 - TotalEnergies CEO

The global LNG market will be tight until 2026, Patrick Pouyanne, CEO of TotalEnergies, said at a conference in Houston.

Shell publishes Energy Transition Strategy 2024

Shell has published its first energy transition update since the launch of its Powering Progress strategy in 2021 and with this energy transition update, Shell is focusing on how the same strategy delivers “less emissions”.

JERA to conduct trial of co-firing ammonia at coal power plant from March to June

Japan's top power generator, JERA, plans to co-fire 20% of ammonia with coal at its Hekinan thermal power station, in what it said will be the world's first trial using a large amount of the gas at a major commercial plant.

Softer spot LNG prices see demand gain, contrast with contract pain

Lower spot prices for LNG in Asia have yet to drive a significant boost in demand for the super-chilled fuel, although there is an increase in appetite from price-sensitive buyers such as India and China.

China's Unipec wants say in Venture Global LNG's extension request

Chinese state-owned energy trader Unipec asked U.S. regulators for a chance to intervene in a request from LNG developer Venture Global LNG to extend the commissioning period for its Louisiana export project.

Japan spot LNG contract price for February 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.

Asian spot LNG prices inch up on emerging Chinese demand

Asian spot LNG prices inched up this week as temperatures below seasonal normal levels in China pushed buyers back into the market, especially as prices had recently fallen below that of some oil-linked contracts.

India's Hydrogen Ambitions: Powering the Future with Green Fuel

India has launched the ambitious National Green Hydrogen Mission in January 2023, aiming to become a global leader in the production, utilization, and export of this clean fuel.

Global Project Data

3/7/2024

A snapshot of the global gas processing and LNG project landscape.

AG&P LNG acquires 49% stake in Vietnam's Cai Mep LNG terminal

Singapore-based Atlantic, Gulf and Pacific LNG, a unit of U.S. investment and development firm Nebula Energy, has acquired a 49% stake in Vietnam's Cai Mep LNG terminal.

How boil-off gas APC exceeded expectations at an Australian LNG plant

3/7/2024

The use of advanced process control (APC) technology on LNG liquefaction trains is well accepted with some of the earliest implementations developed in the late 1990s.

India sees $4.95-B investment for natural gas network in northeast Kashmir

India expects investment of about $4.95 B from companies to build natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh.

Jupiter Ionics raises $9-MM to progress their electrochemical green ammonia technology

A greener way to feed the world is one step closer with Jupiter Ionics’ $9 million capital raise to progress their electrochemical green ammonia technology.

Copenhagen Infrastructure Partners announces investments and agreements with LOTTE Chemical Corporation

The memorandum of understanding between CIP and LOTTE is intended to support collaboration on clean ammonia projects.

Philippines' top energy firms partner for $3.3-B LNG facility

Three top Philippine energy firms have partnered for the first time to form a large-scale integrated LNG facility, the companies said, in a deal two of them valued at $3.3 B.

Asia spot LNG prices flat as ample inventories weigh

Asian spot LNG was flat this week to trend at a near three-year low as high inventories kept prices capped, though the slump in prices has attracted some spot demand.

PetroVietnam Gas seeks to buy 2 LNG cargoes, the first to be delivered in April

PetroVietnam Gas is seeking to buy two LNG cargoes, with the first to be delivered April 1-20.

Woodside Energy inks long-term LNG supply deal with South Korea

Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp to supply LNG for more than a decade.

Global LNG demand seen rising in 2024 from China, Europe

Global LNG demand will grow in 2024 with top buyer China back in the market and consumption in Europe rising.

Yokogawa releases OpreX carbon footprint tracer to support decarbonization in the process manufacturing industries

Yokogawa Electric Corporation announced the development and release of OpreX Carbon Footprint Tracer, a solution in the OpreX Transformation lineup that targets the carbon footprint management needs of companies in the process manufacturing industries.

Bangladesh raises gas prices for power plants

Bangladesh has raised gas prices for power plants by $0.0068 per unit to ease the subsidy burden effective from this month.

MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative

Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.

Japan’s bloated gas stocks add to worldwide surplus

Japan’s gas inventories are well above normal for the time of year, part of a worldwide surplus in response to the period of exceptionally high prices stemming from Russia’s invasion of Ukraine in 2022.

Qatar plans new gas output boost amid global price collapse

Qatar will raise natural gas production despite a recent steep drop in global prices, in a long-term bet on rising demand for the less polluting fuel in Europe and Asia.