Asia-Pacific

Asian spot LNG prices at five-month high on firm demand, geopolitical risks

Asian spot liquefied natural gas (LNG) prices surged to a five-month high, marking the fourth consecutive week of gains.

Indian refiners’ use of crude tankers to export diesel slows in May

Indian refiners' use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month

Australian natural gas industry seeks policy repairs to boost investment

Australia's natural gas industry executives are seeking more measures to restore an investment environment they say has been damaged by a series of state interventions to boost domestic supply and curb soaring energy prices.

JERA warns of switching investment from Australia unless it gets govt support

Japan's top power generator JERA warned on Thursday it could consider fuel purchases and investments in Asia, the Middle East and the U.S. if Australia does not provide sufficient financial support.

China LNG imports could hit record levels in 2024, says PetroChina

According to PetroChina, domestic LNG imports could reach between 78 MMtpy-80 MMtpy this year, with the industrial and commercial sectors driving demand.

Australia gas producers endorse govt strategy, warn of shortages this decade

Australia's energy producers endorsed a government strategy to boost natural gas development, but warned the country still faces new gas supply shortfalls this decade while markets remain volatile due to global conflicts.

CoolCo, GAIL enter into long-term charter for newbuild LNG carrier

Cool Company Ltd. (CoolCo) has entered into a 14-yr time charter party with GAIL (India) Ltd. for one of the CoolCo’s two newbuild LNG carriers currently under construction. CoolCo will deliver the newbuild to GAIL in the Gulf of Mexico, with the 14-yr time charter commencing in early 2025.

Russia and China to sign Power of Siberia-2 gas pipeline contract 'in near future'

Russia and China expect to a sign a contract "in the near future" on the Power of Siberia-2 gas pipeline, which will carry Russian gas to China.

Asian spot LNG edges up as hot weather spurs demand

Asian spot liquefied natural gas (LNG) prices rose this week to their highest levels since January, as hot weather across the region spurred more demand for the super-chilled fuel, and as it tracked gains in European gas prices on the back of maintenance outages and lower wind output.

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 250 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.