Asia-Pacific
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 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.
Mitsui to join with ADNOC and others in LNG project in UAE
Japan's Mitsui & Co plans to participate in a $7-B LNG project in the United Arab Emirates, teaming up with Abu Dhabi National Oil Company and others.
Hong Kong's Wah Kwong orders more LNG carriers banking on growing trade
Hong Kong-based shipping company Wah Kwong is finalizing a deal later this month to double the number of LNG carriers that it has ordered to four, as it eyes growing global trade in the superchilled fuel.
TotalEnergies signs an agreement to acquire the remaining 50% of SapuraOMV
TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd to acquire its 50% interest in Malaysian independent gas producer and SapuraOMV for a consideration of $530 MM, subject to closing adjustments.
PetroChina lifts first spot LNG cargo from PNG national oil firm
PetroChina International has lifted a spot cargo of LNG from the PNG LNG project sold by Papua New Guinea's national oil company.
Russia's Q1 LPG exports to China by rail up 51%, calculations show
Russia's exports of LPG to China by rail, the main supply route, rose 51% in the first quarter from a year earlier to 72,300 metric tons.
Asia spot LNG at fresh three-month high on supply concerns
Asian spot LNG prices rose this week to a new three-month high due to supply concerns amid tensions in the Middle East and a drop in feedgas deliveries to two LNG terminals in the U.S.
- Shareholders’ Resolution: MOL to pay $668-MM dividend
- Credit Agricole says it will not fund two major LNG projects
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
- Shell exits China power market businesses, renews focus on natural gas
