Asia-Pacific
Asia spot LNG prices steady on heating demand support
Asian spot LNG prices were little changed this week, as steady European heating demand supported prices despite forecasts of mild weather in the coming months.
Thailand soars from 11th to 8th in global LNG import rankings with 25% surge
Thailand has jumped from eleventh to eighth in the world ranking for imports of LNG, after purchases through October soared 25% from the same period in 2022.
South Korea's Hyundai, Saudi Aramco clinch $2.4 B gas plant deal
South Korea's Hyundai Engineering & Construction and Hyundai Engineering have signed a $2.4-B contract with oil giant Saudi Aramco to build a gas processing plant.
IEA says "unprecedented" supply surge could lead to LNG glut from 2025
An expected strong rise in LNG production capacity will ease prices and gas supply concerns, but also risks creating a supply glut.
Construction of Mongolian part of Russian gas link to China may start in early 2024
Construction of the Mongolian portion of Russia's planned new Power of Siberia-2 gas pipeline to China may start in the first quarter or first half of 2024.
Singapore LNG to develop country's second LNG terminal
Singapore LNG Corp will develop and operate the country's second LNG terminal, with gas supply capacity of up to 5 mtpa.
Russia's Gazprom to supply extra gas to Hungary and China this year
Russia's Gazprom will supply extra gas to Hungary through the coming winter and will also provide China with an additional 600 Mm3 this year on top of contractual obligations.
Asia spot LNG prices rise on stronger northeast Asian demand
Asian spot LNG prices rose more than $3 this week to a near nine-month high, supported by increased demand from northeast Asian buyers and amid tensions in the Middle East.
Russia aims to boost LNG sales, trade with China via NSR, Novak says
Russia wants to increase trade with China via the Northern Sea Route and become its top supplier of LNG.
Russian gas supplies to China may soon match exports to West Europe
Russian pipeline gas supplies to China may soon match volumes sent to Western Europe.
Abu Dhabi's ADNOC Gas signs 2-yr LNG supply deal with Japan's JERA
Abu Dhabi's ADNOC Gas and Japan's JERA Global Markets signed a LNG agreement valued between $500-700 MM.
Chevron and LNG workers in Australia agree on deal
Chevron Australia and employees at its two LNG plants in Australia reached an agreement on pay and conditions, ending an impasse that had led workers to threaten renewed strikes later this week.
Russia-China oil and gas cooperation in focus as Putin visits Xi
Beijing has rejected Western criticism of its growing partnership with Moscow in light of Russia's conflict in Ukraine and it insists the ties do not flout international norms, and China has the prerogative to collaborate with whichever country it chooses.
Chevron LNG workers in Australia reaffirm strike plans
Workers at Chevron's two LNG plants in Australia reaffirmed their plan to resume strikes as mediated talks continue, with the U.S. energy major saying that workers were being unreasonable.
FueLNG celebrates monumental milestone: 100th ship-to-ship LNG bunkering operation
FueLNG, a joint venture between Seatrium Offshore & Marine Ltd and Shell Singapore Pte. Ltd, announces the successful completion of its 100th ship-to-ship LNG bunkering operation.
Asia spot LNG prices rise as geopolitical tensions fuel supply woes
Asian spot LNG prices climbed $1 this week despite muted demand, tracking European gas prices, on concerns over tensions in the Middle East and damage to the Balticconnector gas pipeline linking Estonia and Finland.
Spot LNG prices languish ahead of seasonal demand uptick
The price of spot liquefied natural gas remains in a pre-winter lull, but there are some signs that demand for the super-chilled fuel is starting its usual seasonal increase.
Chevron Australia, LNG unions to meet for mediated talks
Chevron and unions representing workers at its two Australian LNG facilities will meet for talks after the oil and gas major asked the industrial arbitrator to help close a deal as workers threaten to restart strikes.
Australia LNG unions threaten fresh strikes next week, Chevron says deal possible
Chevron has asked Australia's industrial tribunal to help resolve a "small number" of issues blocking a deal with unions at its two LNG facilities in Western Australia as workers announced plans to resume strikes next week.
Chevron Australia LNG workers back strike threat in second meeting, no talks
Workers at Chevron's two LNG facilities in Western Australia voted to restart strikes, endorsing a similar move by colleagues at a meeting less than 24-hours earlier.
Asia spot LNG prices retreats from 7-month high on tepid demand
Asian spot LNG prices retreated from a seven-month high as demand remained muted due to warmer weather and as market players did not envisage production losses from the possible return of strikes in Australia.
Vietnam sees no gas from Exxon, Gazprom projects for years
Vietnam expects further years-long delays before offshore blocks being developed by U.S. major Exxon Mobil and Russia's Gazprom will be producing gas.
Chevron, Australian unions hit snag in deal, workers to meet for possible strike vote
Efforts to finalize a pact to end strikes at Chevron's two Australian LNG plants hit a snag with unions accusing the U.S. energy major of reneging on commitments and potentially gearing up to resume stoppages.
MET Group sets up LNG trading office in Singapore
Switzerland-based energy trader MET Group said it has set up an office in Singapore to focus on LNG trading as well as asset investments in what will be its first office in Asia.
ADNOC top exec says oil and gas could remain relevant until 2050
Oil and gas will remain a relevant part of the energy mix until potentially 2050, Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at Abu Dhabi National Oil Company said during an energy conference in Abu Dhabi.
Asia spot LNG prices hit 7-month high on rising demand, Europe supply worries
Asian spot LNG prices rose for a third week, gaining $1 to a seven-month high, amid increased demand in Asia and supply concerns in Europe.
Técnicas Reunidas and Sinopec Engineering Group sign a Strategic Alliance Cooperation Agreement
Técnicas Reunidas, S.A. and Sinopec Engineering Group Co. Ltd. have signed in Beijing a Strategic Alliance Cooperation Agreement for the joint execution of Refining, Petrochemicals, Natural Gas and Transition Projects worldwide.
Pakistan receives first shipment of Russian LPG, Russian embassy says
Pakistan has received its first shipment of LPG from Russia, Moscow's embassy in Islamabad said, marking Islamabad's second major Russian energy purchase.
Japan's industry ministry sees LNG stocks recovering towards winter
LNG stocks held by Japan's major electricity utilities will likely increase towards the peak winter demand season, the industry ministry said, after stocks fell to their lowest since early 2021.
QatarEnergy, Korea's HHI sign $3.9-B deal for 17 LNG carriers
QatarEnergy said it had signed a $3.90-B deal with HD Hyundai Heavy Industries for the South Korean firm to supply it with 17 LNG carriers.
- Woodfibre LNG receives BCEAO order to move floatel to site to house non-local workforce
- QatarEnergy, Exxon seek to remove contractor from Texas gas project
- Veolia, Waga Energy and ENGIE collaborate to develop renewable natural gas industry in France
- Congo Brazzaville becomes an LNG exporting country
- Fulcrum LNG to pair with McDermott, Baker Hughes for Guyana gas project
- EU approves law to hit gas imports with methane emissions limit
- Veolia, Waga Energy and ENGIE collaborate to develop renewable natural gas industry in France
- Hawai'i Gas selects Eurus Energy America, Bana Pacific for hydrogen and renewable natural gas projects
- TotalEnergies increases LNG deliveries to Asia with two new contracts
- Desert Mountain Energy Corp. initiates helium production
