Asia-Pacific
Update: Australian unions plan to extend Inpex LNG strike by two weeks
Previously, the strike in Australia, which is the largest LNG exporter after the United States, was expected to end on June 23.
Petronas signs 20-year LNG supply deal with Japan's JERA
Malaysian state energy firm Petronas will supply Japan's biggest power generator JERA with 2 million metric tons of liquefied natural gas (LNG) annually under a 20-year agreement, the countries' leaders said on Wednesday. The deal, which will begin in 2028, comes as Japan looks to beef up its energ..
Canada–Korea energy partnership strengthens LNG development and long-term export opportunities
The Republic of Korea and Canada are deepening cooperation in energy resources, critical minerals, supply chain resilience and strategic industrial development, reflecting the growing importance of the bilateral economic relationship.
Inpex to ask Australia's workplace tribunal to block labor action at Ichthys LNG
Any supply disruption from prolonged strikes could further tighten global LNG markets reeling from losses caused by the Iran war and the near closure of the Strait of Hormuz, which normally carries a fifth of global crude oil and LNG shipments.
LNG demand in Asia recovers from Iran shock as China buys
The biggest-importing region is on track for arrivals of 21.83 million metric tons in June, the most for five months and also up from the 21.55 million tons in the same month last year.
Malaysia to promise Japan maximum possible LNG and naphtha supplies
Japan faces a potential LNG supply crunch due to tensions linked to the Iran conflict, as air-conditioning demand in the country rises heading into summer.
SHI launches hull for $4-B Cedar LNG's FLNG vessel
Samsung Heavy Industries has launched the hull for the floating LNG (FLNG) unit that will serve the Cedar LNG project in Canada. The 3.3-million-tonnes-per-year vessel, named Megugu, was floated out last week and will now move into the next construction phase, including installation of topside modul..
Asia spot LNG rises on stronger demand, risk of supply disruptions
Asia spot liquefied natural gas prices rose this week on stronger demand from China and India, and amid supply disruption risks linked to industrial action in Australia and reduced output from maintenance activity elsewhere.
Singapore has enough LNG supplies for the rest of the year, energy regulator says
Replacement cargoes were purchased from Australia, U.S. and African suppliers.
Unions threaten to stop Inpex Ichthys LNG loadings from next week
Workers began a limited strike on Tuesday at Inpex's Ichthys liquefied natural gas facilities in Australia over a wage dispute, and their unions threatened much broader action next week that could disrupt LNG production and loadings.
INEOS Energy signs LNG supply agreement with Marubeni Corporation for delivery into Asia from 2029
INEOS Energy has signed a liquefied natural gas (LNG) supply agreement with Marubeni Corporation for delivery into Asian markets, marking the company’s first LNG deliveries into the Pacific Basin. Under the agreement, INEOS Energy will supply LNG on a Delivered Ex-Ship (DES) basis, providing reliab..
IEA: Natural gas spending to hit 10-yr high in 2026 as oil investment falls
As global energy markets remain disrupted by the Iran war, which has halted tanker traffic through the Strait of Hormuz and caused production stoppages across the Middle East, companies are accelerating investment in other geographies and boosting spending on renewables, LNG and coal to shore up supply security.
bp sells 5% stake in Australian Browse LNG project to South Korea's GS Energy
bp said it agreed to sell 5% of its stake in the Browse liquefied natural gas project in Western Australia to South Korea's GS Energy. The sale leaves bp with a 39.33% stake in the Woodside-led WDS.AX project, which is expected to cost A$48.7 billion ($34.96 billion) and seeks to develop Australia'..
India asks state fuel retailers to build LPG storage for 30 days' demand
India has asked state-run fuel retailers to increase the storage capacity of liquefied petroleum gas to meet 30-days' demand, Sujata Sharma, a joint secretary in the federal oil ministry said. India is also working on increasing its crude storage, Sharma said...
Mitsui seeks LNG investments to meet power demand from data centers
Japanese trading house Mitsui is looking to invest in LNG projects across the Middle East, the U.S. and Australia to meet rising power demand from data centers, Bloomberg News reported, citing its CEO Kenichi Hori. The company will consider taking equity stakes or securing supply agreements in LNG ..
Not everybody is a loser from the Iran war—just ask Brunei
The focus from the Iran conflict has largely been on the increasing cost the world is having to pay through higher crude oil and natural gas prices resulting from the effective closure of the Strait of Hormuz.
JGC begins work on standardized FLNG plant design package
JGC Holdings Corporation and its overseas EPC subsidiary, JGC Corporation, announced the development of a standardized design package for floating liquefied natural gas (FLNG) production, storage and offloading facilities. The initiative is intended to streamline front-end design work and accelerate..
Two trains at Petronas' Bintulu LNG plant offline due to production issues
The Bintulu complex in the state of Sarawak on Borneo island is Petronas' flagship LNG facility, with nine production trains and an annual production capacity of 29.3 metric MMtpy.
Draft of Australian LNG policy draws ire from industry
The Domestic Supply Obligation (DSO) rule will operate from July 2027 and will only apply to contracts or extensions of existing contracts signed after December 22 last year, although it is clear while it will "respect" contracts it wants more gas to market.
Russia says Armenia could lose cheap gas if it turns away, ahead of Rubio visit
Armenia is a member of a Russian-led economic union and heavily dependent on Russia for energy supplies, but in recent years it has sought deeper ties with the European Union, including adopting a law last year to launch its accession process to the bloc.
Australian union calls off planned strikes at Inpex LNG plant
Australia is Japan's largest LNG supplier, and the country is facing a possible supply crunch due to the Iran war and rising air-conditioning demand as it heads into summer.
Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia
Eni signed three long term agreements with the LNG sellers of South Hub and North Hub gas projects, both operated by Eni with a material participating interest averaging in excess of 80% across the 2 hubs, for the purchase of liquefied natural gas in Indonesia. These contracts further strengthen Eni..
Asia LNG prices hit 7-week high as demand rises and Iran conflict stirs risk
Asia spot liquefied natural gas rose this week to its highest level in seven weeks as stronger early summer demand and supply risks tightened availability and geopolitical uncertainty around the Iran conflict keeps markets on edge.
Opinion: Australia's LNG industry worries it will miss the huge opportunities from Iran war
Senior industry executives speaking at the annual Australian Energy Producers (AEP) conference this week were all singing from the same song sheet, repeatedly hammering their view that Australia needs to get its policy settings correct in order to restore confidence and spur renewed investment.
Inpex signs commercial gas contract for Abadi LNG with Indonesia state firms Pupuk Indonesia, PLN, PGN
The Abadi LNG project is expected to produce around 1.2 Bft3d of gas, and most have been allocated to domestic and overseas buyers.
GAZ-SYSTEM’s Gdansk FSRU launched at HD Hyundai Heavy Industries’ shipyard in South Korea
The FSRU program being implemented by GAZ-SYSTEM has reached another important stage. In May, the FSRU vessel was launched at the HD Hyundai Heavy Industries shipyard in South Korea; by the end of 2027, it will arrive to the Gulf of Gdańsk and become the heart of Poland’s first FSRU Terminal. ..
What is Russia's Power of Siberia 2 natural gas pipeline to China?
China, the world's biggest oil and gas importer, is a major buyer of Russian energy products.
Tanker delivers Russian LNG to China after almost six months at sea
Depending on the route, it usually takes up to 45 days to deliver an LNG cargo from Russia to Asia.
Australia union says workers to strike at Inpex LNG facility from May 27
Last month 326 of 346 union workers at the 9.3-metric MMtpy facility near Darwin voted for strike action over pay and conditions, pending six days of negotiations in May.
Petrovietnam Power, SK Innovation start building $2.2-B Vietnamese LNG power plant
The 1,500-megawatt Quynh Lap plant in Nghe An province is scheduled to start commercial power generation by 2030.
- Cheniere signs deal with Bechtel to expand U.S. LNG export capacity
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- Wärtsilä continues to expand its data center footprint with new 790 MW order in Texas
- Baker Hughes’ fuel flexible NovaLT™ 16 gas turbine certified by RINA for marine propulsion
- U.S. natural gas exports to grow nearly 30% by 2027 as LNG facilities ramp up
