Asia-Pacific
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.
Australia backs long-term gas drilling despite 2050 climate goals
Australia's Labor government on Thursday laid out a strategy to boost natural gas development even as it remains committed to net-zero carbon emissions by 2050, highlighting demand from key Asian trade partners.
Iran, Pakistan seek ways to complete gas pipeline project
Iran and Pakistan are looking at ways to complete a long-delayed gas pipeline project between the two countries.
Sinopec in talks with Pembina for LNG offtake of Cedar LNG project
China's Sinopec is in discussions with Pembina Pipeline Corp for a LNG offtake agreement and equity stake in the $4-B, 3-MMtpy Cedar LNG project in British Columbia, Canada.
Japan aims for zero-carbon electricity generation
Over the last several years, the Japanese government has announced energy policies aimed to achieve carbon neutrality by 2050 by lowering emissions in the electric power, industrial, and transportation sectors.
HPLNG delays commissioning of Chhara LNG import terminal in India
HPLNG delays commissioning of Chhara LNG import terminal in Gujarat, India.
Shell exits China power market businesses, renews focus on natural gas
Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations, including its natural gas and oil businesses.
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).
bp signs long-term LNG agreement with Korea Gas Corp
bp has entered into a long term LNG sale and purchase agreement with South Korea's state run Korea Gas Corp.
PetroChina profit boosted by stronger gas sales and fuel demand
China's top energy producer PetroChina posted a 4.7% rise in first-quarter net income helped by growth in natural gas and a recovery in fuel demand.
Asia spot LNG prices fall for first time in over two months
Asian spot LNG prices dropped slightly for the first time in more than two months this week over expectations of weak demand, amid easing concerns around supply due to tensions in the Middle East.
Equinor to expand LNG trading, eyes deals in Europe, Asia, senior exec says
Norwegian energy group Equinor plans to expand its LNG trading business and is in talks with a number of potential buyers in Europe and Southeast Asia.
Rising spot LNG prices starting to bite some Asian buyers
There are early signs that the rise in the spot price for LNG for delivery to Asia to a three-month high is starting to crimp demand from price-sensitive buyers such as India.
Steep discounts, new vessels spur demand for LNG to power ships
Demand for LNG to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet, industry executives said.
- 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
