Asia-Pacific

Japan's Mitsui decides to develop Vietnam gas field for $740 MM

Japanese trading house Mitsui & Co said it has reached a final investment decision to develop Vietnam's Block B gas field, with its share of development cost of about $740 MM.

Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks

Japan's biggest power generator JERA said it has suspended production at four of its gas-fired power stations and curtailed output at another plant from to secure sufficient LNG inventory.

Western Australia’s domestic gas market in flux as traditional supply sources mature

With gas demand slowly outstripping supply, Western Australia’s once well-supplied domestic gas market is now tight, and further volatility is expected until new volumes come online later in the decade, according to a new report from Wood Mackenzie.

Asia spot LNG maintains six-week high amid emerging demand

Asian spot LNG prices were little moved this week, holding on to a six-week high amid emerging spot demand in both southeast Asia and Europe.

Japan's February LNG imports fall 5.9% on storage withdrawals

Japan's imports of LNG dropped 5.9% in February from a year earlier, data released by the Ministry of Finance showed, as power producers drew LNG from storage and boosted use of renewable energy.

Osaka Gas sees little impact from Freeport LNG's partial shutdown

Japan's Osaka Gas expects to see little impact on its balance of supply and demand for LNG from a partial shutdown of U.S. Freeport LNG's facilities.

Nozomi Networks extends partnership with Yokogawa to deliver OT and IoT security services worldwide

Nozomi Networks Inc. announced it has extended its partnership with Yokogawa Electric Corporation, to address global demand for managed security services and solutions designed to holistically satisfy the unique OT and IoT cybersecurity requirements of process manufacturers.

ExxonMobil warns Australia faces sharp drop in gas supply, calls for policy stability

Exxon Mobil Corp gave a dire warning about the outlook of Australia's domestic gas supply, joining other gas producers in calling for policy stability and more investment in the sector.

PetroChina's 2023 net income up 8.3% on strong fuel, gas sales

PetroChina's net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realized oil prices.

Woodside seeks better terms to develop Trinidad's Calypso gas project

Australian oil and gas producer Woodside Energy would like to see improved fiscal terms from the Trinidad and Tobago government before committing to develop a deep-water natural gas project there.

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.