Asia-Pacific
Asian LNG spot prices inch up as market eyes Australian strikes
Asian spot LNG prices inched up this week as the prospect of possible industrial action at Australian LNG facilities sparked fears it would fuel competition between Asian and European buyers for cargoes.
Pavilion Energy, CNOOC complete first bunker delivery to LNG-powered VLCC
Singapore's Pavilion Energy and China's CNOOC Gas and Power Group completed their first LNG ship-to-ship bunker operation for a very large crude carrier at China's Guangzhou port.
Chevron, Woodside in talks to avert Australian LNG strikes
Chevron and Woodside Energy Group are holding talks with unions to avert threatened strikes over pay and conditions at facilities that together supply about 10% of the LNG market.
Asian LNG spot prices ease slightly as demand remains tepid
Asian spot LNG prices fell slightly this week, as demand in the region remained weak.
Japan's nuclear restarts this year to accelerate LNG import decline
Kansai Electric Power's plans to relaunch the last idle reactor at its flagship nuclear plant, capping a year-long series of restarts, will mark an energy shift in Japan with the sharpest drop in LNG imports since the Fukushima disaster.
India's GAIL close to finalizing Qatar LNG purchase deal
GAIL Ltd is close to finalizing a long-term liquefied natural gas import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said.
Asia's LNG demand ticks higher, but Europe's slips, leaving prices muted
Asia's demand for liquefied natural gas ticked up to the most in six months in July but the small increase was partially offset by declining demand in Europe.
Australian state bans gas to new homes from 2024 in push to cut emissions
The Australian state of Victoria will ban natural gas connections to new homes from next year as part of a plan to cut emissions and lower energy bills, the state climate action minister said.
China policy reform to end losses for city-gas firms on household sales
Policy reform in China will boost profit for city-gas distributors by letting them raise prices for residential sales above costs, after years of selling piped gas to households at a loss, according to utility officials and analysts.
Asia, Mideast buyers looking at Indonesia's Tuna gas project
Three to five potential investors from the Middle East and Asia have started assessing the Tuna natural gas project in a possible sale of Russian explorer Zarubezhneft's stake, Indonesia's upstream regulator said.
Eni takes over Chevron's stake in Indonesia deepwater gas project
Eni signed a deal to take over U.S. oil giant Chevron's stake in the Indonesia Deepwater Development gas project, bolstering the Italian company's position in the southeast Asian oil and gas producer.
Indonesia's big gas projects to proceed after global majors sell stakes
Shell and Chevron's agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.
Wary of 2022 crisis, Asian buyers to build strategic gas reserves
Governments across Asia are formulating strategic natural gas reserve policies, building new terminals and storage tanks as buffers against supply disruptions following last year's energy crisis that sent global prices soaring to a record.
Sinopec natural gas output rises in H1, petrochemicals output lags
Chinese state-owned energy giant Sinopec's natural gas production in the first half of 2023 rose 7.6% from a year before to 666.1 billion cubic feet.
Bangladesh in talks with Malaysian firm for LNG supply
Bangladesh is in talks with a Malaysian firm to secure more supplies of liquefied natural gas, industry sources said, as the South Asian country looks to meet demand for power.
UAE'S ADNOC Gas agrees to $7-$9 B 14-year LNG agreement with Indian Oil Corp
Abu Dhabi's ADNOC Gas announced a 14-year $7-$9-B deal with Indian Oil Corp to supply 1.2 million metric tons of liquefied natural gas per year, ADNOC said in a statement.
Japan PM Kishida in Qatar for LNG talks
Japanese Prime Minister Fumio Kishida arrived in major gas-producer Qatar for the final leg of a Gulf tour that has focused on securing energy supplies and promoting Japanese high-tech.
China-U.S. climate progress could hinge on curbing of methane
This week's visit by U.S. climate envoy John Kerry to China after years of diplomatic disruptions could boost cooperation between the world's two biggest greenhouse gas polluters on the key issue of methane emissions.
Vietnam's big bet on LNG may not ease its power crisis
Vietnam received its first shipment of liquefied natural gas this month, a milestone for the energy-hungry country, but various hurdles mean it could take years for imported gas to ease the country's long-running power shortages.
Pakistan LNG gets bids to buy spot LNG from Trafigura, first in a year
Pakistan LNG Ltd received its first bids in a year to buy spot cargoes of liquefied natural gas from commodities trader Trafigura, to deliver two cargoes in January and February.
Asia spot LNG prices slip on muted demand, high EU stocks
Asian spot liquefied natural gas prices fell this week, as muted demand in Northeast Asia and high gas inventories in Europe continued to weigh on prices.
Cheniere shunning Panama Canal for longer LNG routes to Asia
Top U.S. LNG exporter Cheniere Energy is shunning the Panama Canal to transport liquefied natural gas to Asia because the market is not supporting use of the waterway, said Chief Operating Officer Corey Grindal.
Chinese cities raise residential gas prices after policy reform
Chinese cities have been raising residential natural gas prices in recent weeks after Beijing launched a new mechanism linking retail residential gas prices with distributors' fuel purchasing costs, a reform long sought by utilities.
India's gas regulator pitches for building natural gas storage
India should build storage for natural gas to boost the use of cleaner fuel in the country and hedge against global price volatility, A. K. Jain, chairman of the Petroleum and Natural Gas Regulatory Board, said.
Vietnam receives first LNG cargo in bid to develop new power supply
State-owned PetroVietnam Gas said it had received a cargo of 70,000 metric tons of liquefied natural gas from Singapore-based Shell Eastern Trading, marking Vietnam's first ever LNG import.
Japan gas lobby looks to PM's Middle East trip for stable supply
Japan Gas Association Chairman Takahiro Honjo said he hoped that Prime Minister Fumio Kishida's planned Middle East trip this month will help Japan ensure stable supplies of liquefied natural gas and other fuels.
Thailand's PTT in advanced talks with Qatar for LNG deal
Thailand's largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas supply deal.
China imports more LNG but not enough to drive spot prices
China's imports of liquefied natural gas rose to a five-month high in June but tepid demand in the rest of the top-importing continent has kept a lid on spot prices.
India in talks to supply green hydrogen to EU and Singapore
India has discussed a possible deal to supply more than 11 million mtpa of green hydrogen to the European Union and Singapore, who in turn would invest in these Indian clean energy projects, three government officials and one industry source said.
Mexico Pacific signs 20-year LNG supply deal with China's Zhejiang Energy
Mexico Pacific Ltd has struck a 20-year deal to sell a million metric tons of liquefied natural gas a year from its Saguaro Energia export plant in Sonora state to China's Zhejiang Energy.
- 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
- Shell publishes Energy Transition Strategy 2024
- 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
