Asia-Pacific
Global LNG trade increased more than 1.6 Bcf/d in 2023
LNG trade increased 3.1% globally in 2023 to average 52.9 Bcft/d, an increase of 1.6 Bcf/d from 2022, according to a report from the International Group of Liquefied Natural Gas Importers (GIIGNL).
Russia boosts LPG rail exports to China by almost a third in H1
Russia cranked up liquefied petroleum gas (LPG) exports to China via rail by almost a third in the first half of the year to 133,000 metric tons (t).
Austria appoints commission to try to ditch Russian gas contract
Austria's energy minister has appointed a commission of experts to examine whether Austria can scrap a gas-supply contract between OMV and Gazprom to reduce its dependence on Russia.
Shell awards Wood major engineering contract for world’s largest floating offshore gas facility
Wood, a global leader in consulting and engineering, has secured a six-year contract to provide brownfield engineering, procurement and construction management (EPCm) solutions for Shell’s Prelude floating liquified natural gas (FLNG) facility in Western Australia.
Norway keen to explore hydropower, CCS projects in Indonesia
Norway is seeking to form a stronger partnership with Indonesia and explore investment opportunities in renewable energy such as hydropower, and carbon capture and storage (CCS).
Australian regulator warns east coast to face gas shortage by 2027
Australia's east coast could face gas shortages from 2027, a year earlier than initially forecast, the country's competition regulator said on Friday, as it called for an urgent need to develop new sources of production and supply.
ADNOC's Ruwais LNG to earmark 40% stake to Shell, Total, bp, Mitsui
Abu Dhabi National Oil Co. (ADNOC) has earmarked a 40% stake in its Ruwais liquefied natural gas (LNG) project to four energy majors: Shell, TotalEnergies, bp and Japan's Mitsui.
Bangladesh's Summit LNG expected to resume operations in mid-July
The floating storage and regasification unit of Bangladesh's Summit LNG should resume operations in mid-July after it was damaged during a cyclone.
Vitol invests in future of LNG bunkering by securing three LNG bunkering vessels
Vitol has secured three LNG bunkering vessels. The vessels were secured via a 7 yr-10 yr time charter agreement with Avenir LNG Limited and CIMC Sinopacific Offshore & Engineering Co. Ltd shipyard in Nantong, China.
Wood awarded concept study for Greater Sunrise LNG development
Wood will deliver a comprehensive concept study, considering engineering, technology, financing, commercial structures, fiscal, environmental, health & safety and socioeconomic drivers including local content.
China completes its largest LNG storage base
A subsidiary of China National Offshore Oil Corporation (CNOOC) has completed the construction of China's largest liquefied natural gas (LNG) storage base, a move that aims to ensure energy security and support green growth in the Yangtze River economic belt.
TES, Itochu Corp. team up for decarbonization efforts via e-NG
TES announced a strategic collaboration with Itochu Corporation aimed at driving forward the adoption of e-NG to decarbonize hard-to-abate sectors.
Russia will start gas exports to China from far east in 2027
Russia's Gazprom will start annual pipeline gas exports to China of 10 Bm3 in 2027.
Baker Hughes awarded multi-year contract by Woodside Energy to support Australian LNG operations
Baker Hughes announced it has entered into a new 10-yr services frame agreement with Woodside Energy to support its LNG operations in Australia.
Worley to provide FEED services to help Australia Pacific LNG extract gas from the Angry Jungle gas field
Worley has been awarded the front end engineering and design (FEED) on a new natural gas compression facility in Queensland, Australia, by Origin, as Upstream Operator of Australia Pacific LNG (APLNG).
Russian court orders Italy's UniCredit to pay $480 MM over aborted gas project
A Russian court has ordered Italian bank UniCredit to pay €448.2 MM ($479.44 MM) in a lawsuit over an aborted gas project brought by St. Petersburg-based RusChemAlliance, a joint venture 50% owned by Russian gas giant Gazprom.
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
IEEFA: LNG is not displacing coal in China’s transition to renewable power
Evidence from China, the world’s largest coal consumer, shows that LNG is unlikely to materially displace coal-fired power generation, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
China's Wison New Energies to quit Russian projects in blow to Arctic LNG 2
Chinese engineering firm Wison New Energies has decided to discontinue all of its ongoing Russian projects, and will immediately and indefinitely stop taking any new Russian business.
ONGC, IndianOil forge strategic partnership to establish LNG plant near Hatta Gas Field
ONGC and IndianOil Corp. Ltd. (IOCL) has signed a memorandum of understanding (MoU) to establish a small-scale liquefied natural gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin.
India's LNG surge supports Asia's imports in June
Asia's imports of liquefied natural gas (LNG) are expected to dip slightly in June from May, with strength in India holding up the top-buying region's appetite for the super-chilled fuel.
Update: EU sanctions target Russian gas for the first time
European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, including their first restrictions on Russian gas.
Putin says Russia is keen to partner with Vietnam in energy, security, long-term LNG supply
Russian President Vladimir Putin said during a visit to Vietnam on Thursday that Russia was keen to partner with the southeast Asian country in energy and security.
Global Projects Data
This article provides a summary of active gas processing and LNG projects around the world, including total project numbers, and market share by region and activity level.
Global pipelines construction outlook 2024—Part 2
This article will provide a forecast on pipeline construction in Africa, Asia, Europe, Russia and the Commonwealth of Independent States (CIS), and the Middle East.
Indonesia to begin construction of 245-km Java gas pipeline in July
In July, Indonesia plans to begin construction of a 245-km (152.24 mi) gas pipeline in Java to connect excess supply in eastern part of the island to buyers in the west.
Bangladesh's Petrobangla cancels LNG spot cargo deliveries
Bangladesh's Petrobangla has canceled some spot liquefied natural gas (LNG) imports after one of the country's two import terminals was damaged during a cyclone, leaving it unable to receive shipments.
Vast and Mabanaft advance Port Augusta green methanol project in Australia
Vast Renewables Ltd., a renewable energy company planning to power green fuels production with its concentrated solar thermal power (CSP) energy systems, announced it has signed a Joint Development Agreement (JDA) with global energy company Mabanaft to advance Solar Methanol 1 (SM1), a CSP-powered green methanol reference plant.
Russia's LNG industry and a possible EU ban on re-exports
The European Union is considering imposing a ban on re-exporting Russian liquefied natural gas (LNG) via EU ports, saying it would help to reduce Moscow's revenues.
Mitsubishi Shipbuilding launches new LNG-powered RO/RO ship
Mitsubishi Shipbuilding Co. Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, held a christening and launch ceremony for the Trans Harmony Green, the first of two LNG-powered roll-on/roll-off (RO/RO) ships under construction for Toyofuji Shipping Co. Ltd.
- 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
