Asia-Pacific
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.
Australia's Woodside to sell stake in Scarborough to Japan's JERA for $1.4 B
Woodside Energy is selling a 15.1% stake in its Scarborough project to Japan's JERA for about $1.4 B, marking the Australian gas producer's second stake sale to a Japanese LNG buyer in six months.
Global LNG—Asia spot prices hit near 3-yr lows as weak demand weighs
Asian spot LNG fell to a fresh low this week, easing to its lowest levels in nearly three years, as weak demand in Asia and Europe weighed on prices.
bp's Tangguh LNG Train 3 resumes operations after week-long outage
The third train of bp's Tangguh liquefied natural gas (LNG) facility in West Papua, Indonesia has resumed operations after an outage of about a week.
IEEFA: Three reasons the U.S. LNG pause does not threaten South Korea’s energy security and transition
Since the U.S. Biden Administration announced the temporary pause on new liquefied natural gas (LNG) export approvals early this year, many Asian countries have expressed concerns about the potential disruption in energy security and decarbonization goals.
China's CNOOC receives approval for second LNG berth at Yancheng port
Chinese state-owned CNOOC has received government approval to build a second berth at its LNG receiving terminal in Yancheng in eastern Jiangsu province, according to a statement from the Shanghai Petroleum and Natural Gas Exchange.
Pavilion Energy, Rio Tinto complete ship-to-ship LNG bunkering operation
Singapore's Pavilion Energy has completed a ship-to-ship LNG bunkering operation with global mining giant Rio Tinto via the newly built Brassavola bunker vessel, marking the vessel's first ship-to-ship LNG bunkering operation.
Equinor signs 15-year LNG deal with India's Deepak Fertilizers
Norway's Equinor said it had signed a 15-year agreement to supply LNG to India's Deepak Fertilizers from 2026.
Shell's lofty ambitions for Asian LNG demand face price hurdle
Shell's forecast that global demand for LNG will surge by more than 50% by 2040 is both bold and questionable, with some of the underlying assumptions not supported by current trends, especially in the key Asia markets.
FERC greenlights methane export pipeline for large-scale LNG supply to China via Mexico's Pacific Coast
In a split decision handed down today, the Federal Energy Regulatory Commission issued a Presidential Permit and granted authorization to allow Oklahoma-based Oneok Inc. to build the Saguaro natural gas export Pipeline.
Japan gas utility lobby says U.S. remains key LNG supplier
The head of Japan's gas utilities group said the United States, the world's biggest exporter of LNG, remains an important supply source for Japan despite the recent pause in U.S. LNG export permits.
Industry to drive tripling of natural gas consumption in India by 2050
In EIA's International Energy Outlook 2023, it was projected that natural gas consumption will more than triple in India by 2050 with an annual growth of 4.4% over that period, more than twice the 2.0% annual growth rate of natural gas consumption in China, the next-fastest-growing country.
Shell expects 50% rise in global LNG demand by 2040
Global demand for LNG is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use more LNG to support their economic growth.
Chesapeake Energy Corporation, Delfin LNG and Gunvor sign long-term LNG liquefaction offtake agreement indexed to Japan Korea Marker
Chesapeake Energy Corporation, Delfin LNG LLC and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd, today announced the entrance into a LNG export deal that includes executed Sales and Purchase Agreements for long-term liquefaction offtake.
QatarEnergy selects Nakilat to own and operate up to 25 conventional LNG vessels
QatarEnergy announced that it has selected Qatar Gas Transport Company Limited to be the owner and operator of up to 25 conventional-size LNG carriers pursuant to Time Charter Parties to be entered into by affiliates of QatarEnergy and Nakilat.
NYK takes delivery of Japan’s first LNG-fueled capesize bulk carrier
A naming ceremony was held for an LNG-fueled capesize bulk carrier that was ordered by NYK and will be deployed to transport iron ore and coal from Australia to Japan under a long-term consecutive voyage charter contract with JFE Steel Corporation.
Asia spot LNG prices dip on tepid demand, healthy stocks
Asian spot LNG prices dipped this week, remaining below $10 per MMBtu for the fourth week running, with a limited outlook for recovery due to tepid demand and strong inventories.
Japan spot LNG contract price for January 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.
India's GAIL buying spot LNG to hedge against Red Sea delays
India's state-run GAIL Ltd is selling more U.S. LNG in European markets and making spot purchases to avert delays due to the Red Sea crisis.
Bangladesh likely to sign another long-term LNG deal, buy more spot cargoes
Bangladesh will likely sign its fifth long-term LNG contract in "a couple of years" and will increase its spot cargo purchases this year.
Russia's INK may boost LPG exports by 20%-30% in 2024, focus on China
Russia's Irkutsk Oil Company will likely increase its exports of LPG by 20%-30% this year, focusing on sales to China, according to traders and industry sources, as the company recovers production.
Woodside, Santos scrap talks on $52-B merger
Australia's Woodside Energy and Santos said they had ended talks to create a possible $52-B global oil and gas giant, and Santos flagged it would look for other ways to bolster its value.
Adani Total says Dhamra LNG terminal operating at 55% utilization rate
Adani Total Pvt Ltd's Dhamra terminal has received 15 commercial LNG cargoes since commissioning in May 2023 and is operating at a utilization rate of 55%.
Mitsubishi sees Russia's Sakhalin LNG as key energy source for Japan
Mitsubishi Corp CEO Katsuya Nakanishi said Russia's Sakhalin 2 LNG project remains a key source for Japan's energy supply, as Japanese companies maintain their Russian exposure.
Asia LNG imports are robust, but record supply keeps spot prices muted
The spot price of LNG is continuing to meander at low levels amid ample supply from major exporters and signs that winter demand is easing in the top-importing regions of Asia and Europe.
Asia spot LNG prices remain below $10/MMBtu for third week
Asian spot LNG prices have seen a slight uptick this week but remain below $10 per MMBtu for the third week running as weak demand continues to steer prices.
European and Asian companies affected by U.S. pause on LNG export permits
U.S. President Joe Biden's administration announced a pause on pending and future permits to export LNG to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts.
Mitsui records $93 MM more in provisions for sanctioned Arctic LNG 2 project
Japan's Mitsui & Co said it had recorded $93 MM as additional provisions on its investment in Russia's Arctic LNG 2 project sanctioned by the United States, but lifted its full-year profit forecast.
Poland's Gaz-System chooses Mitsui O.S.K. Lines for FSRU
Polish pipeline operator Gaz-System has chosen Japan's Mitsui O.S.K. Lines to supply a floating storage and regasification unit.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
