Asia-Pacific
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.
New Zealand to introduce bill to reverse oil and gas exploration ban
New Zealand's government will introduce legislation to remove a controversial ban on offshore petroleum exploration to attract investment to the country's oil and gas sector.
CPGC and BASF sign framework agreement on carbon capture technology onboard LNG carriers
CSSC Power (Group) Corp. Ltd. (CPGC) will install its advanced Onboard Carbon Capture System (OCCS) on multiple LNG carriers and utilize BASF’s OASE® blue technology.
Venice Energy's search for LNG development partners receives strong interest
The future of a proposed LNG import terminal project in South Australia has become clearer following strong interest from several international energy development companies with ties to both the U.S. and Asia.
QatarEnergy selects CPC as North Field expansion partner, signs 4 MMtpy LNG SPA for 27 years
QatarEnergy signed definitive agreements with CPC Corporation, Taiwan (CPC) covering the long-term supply of LNG to CPC and partnership in the North Field East (NFE) LNG expansion project.
DNV and Petronas CCS ventures collaborate to enable CCS value chains across SE Asia
DNV and PETRONAS’ wholly-owned subsidiary, PETRONAS CCS Ventures Sdn Bhd (PETRONAS CCS Ventures), have recently signed a Master Price Agreement for the certification of carbon dioxide (CO2) storage sites and associated facilities for carbon capture and storage (CCS) projects in Malaysia.
Bangladesh's Summit LNG to send damaged FSRU to Singapore or Middle East for repairs
Bangladesh's Summit LNG said its floating storage and regasification unit (FSRU) was ready to discharge the liquefied natural gas (LNG) it had onboard before proceeding to Singapore or the Middle East for necessary repairs.
Scorching heat drives India's gas-fired power use to multi-year highs in May
Sweltering heat and policy measures are fueling a surge in the use of gas-fired power in India, with imports of LNG forecast to rise sharply over the next two years.
TotalEnergies increases LNG deliveries to Asia with two new contracts
In line with its strategy to grow its LNG business, TotalEnergies announced the signing of two new LNG medium- and long-term contracts in Asia with Indian Oil and Korea South-East Power.
JERA sells equity stake in Freeport LNG (U.S.) to Japan Petroleum Exploration Co.
JERA plans to sell an equity stake in Freeport LNG to Japan Petroleum Exploration Co., Ltd.
Decarbonizing the Pilbara-to-Asia export trade route: Joint study demonstrates pathway to net-zero emissions
A recent joint study revealed that well-to-wake emissions in the Pilbara-to-Asia iron ore export trade route can be reduced by over 90% by 2050 through the use of liquefied methane (LNG).
Japan, EU agree to work on creating hydrogen demand and supply
Japan and the European Union agreed to work together on policies related to creating demand and supply for clean hydrogen as well as to cooperate in advancing technologies to develop the new fuel
Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
Proposed EU ban on Russian LNG transhipments pose no problems for Asia
Proposed new European sanctions targeting transhipments of Russian liquefied natural gas (LNG) are unlikely to impact Asian buyers, Kadri Simson, European Commissioner for Energy.
Russia's May pipeline gas exports to Europe jump 39%
Russian energy giant Gazprom's average daily natural gas supplies to Europe in May rose by 7.3% from April and 39% year on year.
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.
- 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
