Asia-Pacific

Turkey, Hungary say U.S. grants waivers for Russian Gazprombank gas payments

Turkey and Hungary said they have received exemptions for gas payments to Russia after the United States imposed sanctions on Gazprombank, removing a major hurdle to the gas trade with Moscow.

Asahi Kasei receives governmental support to expand manufacturing capacity for green H2 production equipment

Asahi Kasei has received governmental support for the expansion of its manufacturing capacity for cell frames and membranes of alkaline water electrolyzers for the production of green hydrogen (H2) at its plant site in Kawasaki, Japan.

Chevron, Woodside in Western Australia LNG asset swap deal

Woodside and Chevron said on Thursday they would streamline oil and gas operations in Western Australia through a stake swap deal, a move resulting in the Australian energy giant exiting the $34-B Wheatstone LNG project.

Ukraine may consider Russian gas transit if Moscow not paid during war

Ukraine could consider the continued transit of Russian gas on the condition that Moscow does not receive money for the fuel until after the war, President Volodymyr Zelenskiy said on Thursday.

Bureau Veritas, Samsung Heavy Industries Co., Ltd. announce partnership to develop carbon capture and storage solutions

Bureau Veritas Marine & Offshore is partnering with Samsung Heavy Industries Co., Ltd. to develop floating CO2 storage units and carbon capture and storage projects in the Republic of Korea, with the aim to significantly reduce green house gas emissions.

U.S. keeps its LNG exports crown even as luster fades

U.S. liquefied natural gas (LNG) exports are on track to climb to new highs in 2024, as record domestic natural gas production spurred the 10th straight year of volume growth in the lucrative LNG export sector.

Chevron Australia signs long-term gas supply deal with Alcoa

U.S. oil giant Chevron's Australian unit says it would supply a total of 130 petajoules of gas to aluminum producer Alcoa over a 10-yr period starting 2028.

Moldova declares state of emergency as risk of Russian gas cutoff looms

Moldova's parliament voted early on Friday to impose a national state of emergency for 60 days starting on Dec. 16 due to an expected cut-off of Russian gas supplies from Jan. 1.

Hungary says Russian gas payment issue has been resolved

Hungary has found a solution that will allow it to pay for Russian gas shipments via the Turkstream pipeline from Bulgaria without falling foul of U.S. sanctions, its foreign minister said on Friday, without providing details of the agreement.

Wood Mackenzie: Defining the energy transition

As the energy landscape rapidly transforms due to decarbonization, electrification and geopolitical shifts, Wood Mackenzie has released five compelling charts that highlight key trends shaping the sector in the latest Horizons report.

Gas price shock set to add to Europe's industrial pain

Europe's struggling industries are bracing for a new gas price shock over the coming winter months, as colder weather depletes stocks, competition with Asia for liquefied natural gas (LNG) intensifies, and the prospect of reduced Russian supplies looms.

Sembcorp Industries inks 10-yr LNG supply deal with Chevron's Singapore unit

Sembcorp Industries said its Sembcorp Fuels unit signed a deal with Chevron USA's Singapore unit to import up to 0.6 MMtpy LNG starting in 2028.

API: Demand for U.S. LNG shows folly of permitting pause

Global demand for U.S. liquefied natural gas (LNG) remains strong – which again should give pause to the Biden administration’s decision to halt in permitting for new and pending LNG export projects.

Putin removes Gazprombank from payments for Russian gas exports

Russian President Vladimir Putin canceled a requirement for all buyers of Russian gas to pay through Gazprombank, a presidential decree showed on Thursday, after the United States targeted the state-controlled lender with sanctions.

Pakistan defers LNG contract with Qatar for a year

Pakistan has deferred an agreement to buy liquefied natural gas (LNG) from Qatar for a year, Petroleum Minister Musadik Malik said on Wednesday, and will now receive the contracted LNG cargoes in 2026 instead of 2025.

QatarEnergy signs long-term LNG deal with Shell for delivery to China

State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with LNG for delivery to China. The deal is for the supply of 3 MMtpy of LNG, said QatarEnergy in a statement on Monday, adding that the agreement will start in January 2025.

Update: Russian gas flows via Ukraine to Europe, Austria steady

Russian gas exports to Europe through Ukraine were stable on Friday, as were nominations for supply to Austria from Slovakia, according to supplier Gazprom and system operator Eustream.

Moldova says end of Russian gas for Transdniestria 'very realistic scenario'

The termination of Russian gas supplies to Moldova's breakaway region of Transdniestria after Jan. 1, 2025 is a "very realistic" scenario, Energy Minister Victor Parlicov said on Wednesday after talks with Russia's Gazprom.

Goldman warns of likely Asia LNG price rise on European supply crunch

Asia prices of LNG could jump to above $20/mmBtuif European gas supply tightens this winter, an analyst at Goldman Sachs told reporters on Wednesday.

Japan's JERA sees no impact on its LNG supply from sanctions on Gazprombank

Japan's top utility JERA sees no impact from new U.S. sanctions on Gazprombank on its procurement of LNG from Russia's Sakhalin-2 project, as it does not use the lender for payment settlements, its president said.

Contentious COP29 deal shows climate cooperation fraying at edges

When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday morning, hoping to clinch a hard-fought agreement on global climate finance, he carried with him two speeches. One was crafted around a hoped-for deal being struck, while the other for the possibility of a summit-collapsing impasse.

ADNOC L&S takes delivery of first new-build LNG carrier from Jiangnan Shipyard ahead of schedule

ADNOC Logistics and Services Plc., a global energy maritime logistics leader, has taken delivery of Al Shelila, the first of six newbuild liquified natural gas (LNG) carriers from Jiangnan Shipyard in China.

Russian gas flows to Europe via Ukraine stable despite Gazprom-OMV row

Russian gas exports to Europe through Ukraine have been stable on Monday despite a contractual row between Austria's OMV and Kremlin-owned Gazprom, which halted gas flows to the Vienna-based company this month.

Brunei LNG initiates startup process after 'operational upset'

Brunei LNG said on Friday it is in the process of a safe startup of its liquefied natural gas (LNG) facility, which is expected to continue until further notice, following an "operational upset" earlier this week.

Japan to ensure uninterrupted Sakhalin-2 LNG supply from Russia

Japan will take all possible measures to prevent disruptions in securing a stable supply of liquefied natural gas (LNG) from Russia's Sakhalin-2 project following new U.S. sanctions.

Kremlin says new U.S. sanctions are an attempt to hinder Russian gas exports

The Kremlin on Friday said that new U.S. sanctions on Russia's Gazprombank were an attempt by Washington to hinder the export of Russian gas, but said a solution would be found.

Indonesia regulator confirms disruption at bp's Tangguh LNG project

Indonesia's upstream oil and gas regulator SKK Migas confirmed there was an outage at the third train of bp's Tangguh liquefied natural gas (LNG) facility in West Papua, and said operations were expected to begin to restart from Saturday.

Russian gas flows to EU via Ukraine unchanged despite Austria row

Russia's natural gas exports through Ukraine to Europe have been stable on Thursday, Kremlin-controlled gas giant Gazprom said, despite a contractual row with Austrian energy company OMV.

Tecnimont to build waste-to-biogas plant to fuel local kitchens in India

Tecnimont Private Ltd. has teamed up with India's Paradeep Municipality and National Institute of Technology, Karnataka – Surathkal (NITK) to develop a biogas plant from waste. The biogas produced will be used as cooking fuel for consumers.

PetroVietnam Gas signs deal to supply LNG to PetroVietnam Power

PetroVietnam Gas has signed a contract to supply LNG to PetroVietnam Power to test run the country's first LNG-fired power plants.