Asia-Pacific
Extreme Asian heat spurs LNG demand ahead of summer months
Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records.
Woodside gets $1 B in funding for Scarborough LNG project
Woodside will receive $1 B in funding for its flagship Scarborough LNG project from state-owned Japan Bank for International Cooperation.
Chevron Australia says full LNG production resumed at Gorgon facility
Chevron has resumed full liquefied natural gas (LNG) production at its Gorgon Gas facility in Australia, after a mechanical fault caused one production train to go offline in late April.
Malaysia's Petronas Q1 profit falls on high costs, lower LNG prices
Malaysia's state energy firm Petronas, or Petroliam Nasional Berhad, reported a near 11% decline in first-quarter net profit on Friday due to higher operating costs and lower realized prices across its businesses.
Australia's Wesfarmers to sell LPG, LNG distribution businesses
Wesfarmers will sell its liquefied petroleum gas (LPG) and liquefied natural gas (LNG) distribution businesses to Supagas and Clean Energy Fuels Australia, respectively, for an undisclosed sum.
Southeast Asia's $220-B gas expansion plans to boost power/LNG capacity
Southeast Asia has more than $220 B in projects that could raise Southeast Asia's gas-fired power capacity by more than 100 GW, doubling the current level, and raise LNG imports into the region by 80%.
India's Adani Total considering building more plants in India for LNG import
Adani Total Pvt Ltd, a joint venture between India's Adani Group and France's TotalEnergies, is considering building more plants in India to import LNG to meet the growing demand for the cleaner fuel.
China plans CO2 emission cuts in key sectors by 1% of 2023 level
China aims to reduce the carbon dioxide emissions of key industries by an amount equivalent to about 1% of the 2023 national total through efficiency gains in everything from steel production to transportation.
Russia's January–April natural gas output up 7.8%
Russia's natural gas output for January to April rose 7.8% yr-on-yr to 253.3 Bm3 thanks to a rising domestic demand and eastbound exports.
Asian spot LNG prices at five-month high on firm demand, geopolitical risks
Asian spot liquefied natural gas (LNG) prices surged to a five-month high, marking the fourth consecutive week of gains.
Indian refiners’ use of crude tankers to export diesel slows in May
Indian refiners' use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month
Australian natural gas industry seeks policy repairs to boost investment
Australia's natural gas industry executives are seeking more measures to restore an investment environment they say has been damaged by a series of state interventions to boost domestic supply and curb soaring energy prices.
JERA warns of switching investment from Australia unless it gets govt support
Japan's top power generator JERA warned on Thursday it could consider fuel purchases and investments in Asia, the Middle East and the U.S. if Australia does not provide sufficient financial support.
Shell sees emerging Asian markets taking more of world's growing LNG supply
Shell expects its Australian supplies of LNG to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some of the pick up in global supplies towards the end of this decade.
China LNG imports could hit record levels in 2024, says PetroChina
According to PetroChina, domestic LNG imports could reach between 78 MMtpy-80 MMtpy this year, with the industrial and commercial sectors driving demand.
Australia gas producers endorse govt strategy, warn of shortages this decade
Australia's energy producers endorsed a government strategy to boost natural gas development, but warned the country still faces new gas supply shortfalls this decade while markets remain volatile due to global conflicts.
CoolCo, GAIL enter into long-term charter for newbuild LNG carrier
Cool Company Ltd. (CoolCo) has entered into a 14-yr time charter party with GAIL (India) Ltd. for one of the CoolCo’s two newbuild LNG carriers currently under construction. CoolCo will deliver the newbuild to GAIL in the Gulf of Mexico, with the 14-yr time charter commencing in early 2025.
Russia and China to sign Power of Siberia-2 gas pipeline contract 'in near future'
Russia and China expect to a sign a contract "in the near future" on the Power of Siberia-2 gas pipeline, which will carry Russian gas to China.
Asian spot LNG edges up as hot weather spurs demand
Asian spot liquefied natural gas (LNG) prices rose this week to their highest levels since January, as hot weather across the region spurred more demand for the super-chilled fuel, and as it tracked gains in European gas prices on the back of maintenance outages and lower wind output.
Japan's JERA to invest $32 B in LNG, renewables, new fuels over next decade
Japan's top power utility JERA said on Thursday it plans to invest 5 T yen ($32.4 B) over the coming decade into renewable energy and new fuels such as hydrogen and ammonia, as well as liquefied natural gas (LNG).
China LNG import capacity to grow to 250 MMtpy by 2028
PetroChina expects China's LNG import capacity to grow to 250 MMtpy by 2027-28 from about 140 MMtpy now, an official said.
Indonesia's state utility PLN sees gas demand doubling by 2040
Indonesia's state power utility expects its natural gas demand to nearly double by 2040 as it aims to build 20 gigawatt (GW) of gas-fired power plants in the quest to reach net-zero emissions by 2060.
Asahi Kasei opens new hydrogen pilot plant in Japan
Asahi Kasei celebrated the official opening of a new hydrogen pilot plant in Kawasaki, Japan.
TechnipFMC awarded iEPCI contract by Woodside Energy for Xena Phase 3 development
TechnipFMC has been awarded an integrated engineering, procurement, construction and installation (iEPCI) contract by Woodside Energy in Australia.
Investments surge on strong demand outlook for LNG bunkering
Drewry projects more than 1,000 LNG-fueled vessels to be in service by 2027. However, development of the bunkering infrastructure appears to be lagging in comparison to the growth in fleet as well as the potential demand, which could take a leap of 30 MMtpy by 2028.
EU to target LNG, ships, violations in new Russia sanctions package
European Union ambassadors will hold a first discussion on Wednesday on a planned 14th package of sanctions against Russia over its 2022 full-scale invasion of Ukraine.
Panama Canal in talks with US LNG producers to increase transit
The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought
Australian government declares gas to be essential until 2050 and beyond
Australia's Future Gas Strategy highlighted a commitment for Australia to remain a reliable trading partner for liquefied natural gas (LNG), while underscoring the role of gas in Australia's energy mix until 2050 and beyond.
AG&P LNG and Hai Linh begin commissioning of Cai Mep LNG terminal in Vietnam
Leading LNG terminals and downstream infrastructure company, AG&P LNG, a subsidiary of Nebula Energy, along with its partner, Hai Linh Co. Ltd., a prominent petroleum product import terminal and trader, have announced the start of the commissioning of the Cai Mep LNG terminal.
Pakistan giant Engro looks to go global
Pakistan's largest conglomerate, Engro Corp., is looking to expand into new markets, including the Middle East, Central Asia and Africa, the chemicals-to-energy company's largest investor said on Tuesday.
- Woodfibre LNG receives BCEAO order to move floatel to site to house non-local workforce
- QatarEnergy, Exxon seek to remove contractor from Texas gas project
- Veolia, Waga Energy and ENGIE collaborate to develop renewable natural gas industry in France
- Congo Brazzaville becomes an LNG exporting country
- Fulcrum LNG to pair with McDermott, Baker Hughes for Guyana gas project
- EU approves law to hit gas imports with methane emissions limit
- Veolia, Waga Energy and ENGIE collaborate to develop renewable natural gas industry in France
- Hawai'i Gas selects Eurus Energy America, Bana Pacific for hydrogen and renewable natural gas projects
- TotalEnergies increases LNG deliveries to Asia with two new contracts
- Desert Mountain Energy Corp. initiates helium production
