Asia-Pacific
China received 22 shipments of LNG from sanctioned Russian projects in 2025
One shipment was from Portovaya and the rest were from the Arctic LNG 2 project. The U.S. and EU have sanctioned the projects to curb revenue reaching Russia following its invasion of Ukraine.
Asia spot LNG prices edge up on South Korean demand
Asian spot liquefied natural gas prices edged up last week as forecasts for colder weather boosted demand in South Korea, but overall weak buying in China left prices down 34% since the start of 2025.
Five energy market trends to track in 2026, the year of the glut
This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela.
Malaysia's Petronas signs LNG supply deal with China's CNOOC
Malaysian state-owned energy firm Petroliam Nasional, opens new tab said it would supply Chinese offshore oil and gas company CNOOC, opens new tab with 1 metric MMtpy of LNG.
Russia's pipeline gas exports to China seen up 25% this year
Russia has re-routed most of its oil to India and China since the start of the war in Ukraine in 2022 as Moscow and Europe - once its main commodity export market and source of revenue - severed ties.
Myanmar set to resume LNG imports after receiving cargo last month
This would mark the Southeast Asian nation's return to the LNG import market, after shipments were halted amid the civil war.
Australia forces LNG exporters to keep a minimum amount for home market
Government proposes gas reservation of 15% to 25% of output Three east coast LNG export plants affected Scheme takes effect in 2027, impacting only new contracts Analysts say scheme could hurt LNG supply and push buyers away Australia will make exporters of liquefied natural gas from the..
Global LNG: Asia spot prices fall to 20-month low on weak demand
Asian spot liquefied natural gas (LNG) prices slipped to a fresh 20-month low this week, weighed by weak demand in the region and ample supplies.
U.S. allows oil sales from Russia's Sakhalin-2 project through June 18
The general license, issued by the U.S. Treasury Department, is important for U.S. ally Japan, which gets about 9% of its LNG from Russia.
Japan's JERA signs LNG sales deal with Hokkaido Gas
Under the agreement, JERA will supply about 130,000 metric tpy to 200,000 metric tpy of LNG on a delivered ex-ship basis from its global LNG portfolio.
Asia's imports of U.S. energy drop in 2025 despite Trump trade moves
The decline in imports from the United States is largely driven by China, the world's biggest buyer of commodities, which pulled back on purchases after Trump ramped up tariffs on U.S. imports of Chinese goods, with the current average rate around 47.5%.
Russia's Sibur ships LPG from Ust-Luga to China for the first time
Sibur mostly supplies LPG to Turkey, but demand for LPG in the country has been declining by 5%–6% annually, traders said, and Algeria and the U.S. dominate its market.
CNPC: China's natural gas demand seen up 5% in 2026
The 5% growth forecast marks a rebound from this year when China's apparent gas consumption dipped 0.3% year-on-year during the first 10 months and imports of liquefied natural gas (LNG) fell 16% during the same period.
Australia nears gas market review that could squeeze LNG exporters
Australia is set to issue a gas market review that could curb exports of LNG from its east coast, where three operators led by firms such as Shell and Santos send cargoes to Asia and beyond. The review, which industry watchers expect Canberra to release as soon as this week, could include a policy ..
EnerMech awarded pre-commissioning scope from Bechtel for Woodside’s Pluto LNG 2 facility
EnerMech has secured a contract from Bechtel Corporation to deliver chemical cleaning services for the Woodside Energy operated Pluto Train 2 LNG development in Karratha, Western Australia. The award strengthens the firm’s position as a trusted provider of pre-commissioning solutions and builds on i..
Japan's JERA signs first long-term LNG export deal with India's Torrent Power
Torrent Power will use the LNG, to be supplied on a delivered basis, for its 2,730-megawatt (MW) capacity of power plants in India. It will also use the LNG cargoes for sale to households, small industries and the transport sector.
Gazprom delivers first post-sanctions LNG cargo from Portovaya to China
Exports were suspended in February this year following the introduction of the U.S. sanctions over Ukraine to directly disrupt Russia's ability to produce and export LNG and reduce Russia's revenue from LNG exports.
Update: Glenfarne finalizes 20-yr LNG supply deal with South Korea's POSCO
Global demand for the superchilled fuel has surged since Russia's invasion of Ukraine upended gas markets in 2022, driving buyers in Europe and Asia to lock in long-term supply deals with U.S. exporters.
Chevron JV approves $2-B Gorgon LNG Stage 3 project offshore Western Australia
The Australian unit of U.S. oil giant Chevron said that the partners of the Gorgon Joint Venture have approved the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia's northwest coast. The development will be used as backfill for the existing LNG export concern and will li..
Squadron Energy chooses Reganosa to operate and maintain a new LNG terminal in Australia
After an international selection process, Reganosa Servicios has been chosen by Squadron Energy to operate and maintain the onshore part of the Port Kembla Energy Terminal, in the Australian state of New South Wales. The contract, the Spanish multinational’s first in Oceania, will have an initial du..
China's LNG importer crown at risk as high prices cap demand
While China has increased output of domestic natural gas and imports via pipeline from central Asia and Russia, elevated spot prices for LNG that have persisted for much of the year are likely the largest factor in the drop in imports.
Venture Global, Tokyo Gas sign 20-yr LNG supply deal
The agreement marks Venture Global's fourth long-term contract with a Japanese company, and the U.S. company said in a statement on Wednesday it has signed long-term LNG contracts for a total of 7.75 metric MMtpy in the last six months.
New LNG bunker vessel will operate with fully integrated Wärtsilä cargo handling, fuel- and reliquefaction systems
Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply a range of solutions for a new LNG Bunkering Vessel built at the Jiangnan Shipyard in China for Shanghai International Port Group (SIPG) Energy Shanghai Co.
Shell Insights: Behind the rise of LNG trucks in China
In just five years, the number of trucks powered by liquefied natural gas (LNG) in China has almost tripled, helping to reduce air pollution and reshape an industry long dominated by diesel. Note: This article was originally featured on Shell's website: https://www.shell.com/news-and-insights/our..
Woodside and East Timor aim for first LNG from Greater Sunrise in 2032
Australia's Woodside Energy and East Timor have agreed to study sending gas from the large, undeveloped Greater Sunrise fields to a new liquefied natural gas plant in the Southeast Asian nation that could start exporting in the next seven years. The agreement calls for the two sides to study the co..
Russia sees scope for oil exports boost to China, urges cooperation in LNG
China's state energy giant CNPC has a 20% stake in Russia's Yamal LNG plant, while China's Silk Road Fund owns 9.9% in the Novatek-led project.
Australian labor tribunal approves Woodside LNG project strike vote
Australia’s Fair Work Commission approved a union request to hold a ballot for workers to vote on striking at Woodside Energy’s Pluto LNG 2 project in a battle over pay at the facility. The commission ordered the ballot be held no later than December 4. If successful a strike could be held before..
China receives two more LNG cargoes from sanctioned Arctic LNG 2 project
China has received two more cargoes of liquefied natural gas from Russia's Arctic LNG 2, LSEG and Kpler data showed, taking to 16 the total number of shipments, despite U.S. and EU sanctions imposed on the project over Moscow's war in Ukraine. The Voskhod tanker delivered a cargo from Arctic LNG ..
Singapore GasCo to seek LNG offers in Q1 2026 for supply from 2028
The company was set up earlier this year to centralize Singapore's gas procurement and supply after LNG prices spiked with the Ukraine-Russia war.
Data: U.S. LNG export dominance to be tested as sellers look beyond Europe
While U.S. liquefied natural gas exports in 2025 are nearly a third more than those of the next largest exporter, the heavy skew of sales to Europe leaves American LNG vendors at risk of rapid volume downturns as European buyers curb gas use.
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Emerson’s new tank monitoring hub optimizes inventory management and operational efficiency
- Mitsubishi to inject $260 MM into Brunei LNG project
- Golden Pass LNG revises EPC contract for Trains 2 and 3
- Freeport LNG export plant in Texas to take in more natgas after unit shut on Monday
