Asia-Pacific
Asian spot LNG prices slip as muted North Asia demand weighs
Asian spot LNG prices this week slipped to a 22-month low amid slow demand from Japan, China and South Korea.
The role of natural gas in the Asia-Pacific energy transition
In Southeast Asia, coal-fired and diesel-fired power generation are still significant parts of the energy and electricity systems. ANGEA believes that gas must play a significant role in the region’s future.
India extends transmission fee waiver for green hydrogen plants
India has extended a waiver of transmission fees for renewable power to hydrogen manufacturing plants commissioned before January 2031, as it aims to become the world's cheapest producer of the fuel.
Japan's Octopus Energy unit aims to increase renewables in energy source mix
The Japanese arm of British energy supplier Octopus Energy aims to add more renewable energy to its supply mix because it provides a more stable purchasing price compared with the liquefied natural gas it now relies on.
Sinopec to build China green hydrogen transmission pipeline
China's Sinopec, will build a pipeline to transfer hydrogen from renewable energy projects in China's northwestern Inner Mongolia region to cities in its east.
Japan aims to boost hydrogen supply to 12 million tons by 2040
Japan is to revise its hydrogen strategy by the end of May with an ambitious target to boost annual supply to 12 million tons by 2040 as competition increases in the global market for the fuel.
Russia's Sibur exports LPG to Africa, Middle East and Asia as EU cuts buying
Sibur, the largest producer and exporter of LPG in Russia, redirected exports to Africa, the Middle East and Asia in the past three months.
Air Products to build new nitrogen plants and extend pipeline network in Penang, Malaysia
Air Products announced it will build, own, and operate two nitrogen plants in Penang’s Bayan Lepas Free Industrial Zone and Batu Kawan Industrial Park.
Shell sees stronger LNG volumes and oil product performance in Q1
Shell expects higher LNG output in the first quarter after outages at its Australian plants last year as well as stable earnings from LNG trading.
Europe facing costly winter without enough long-term LNG deals
Europe has not made enough progress in locking in long-term contracts for LNG as an alternative to Russian pipeline supply, which may prove costly next winter as a rebound in Chinese demand could sharply tighten the market.
INPEX submits revised plan of development for Abadi LNG project
INPEX Corporation announced that through its subsidiary INPEX Masela, Ltd., it has submitted a revised Plan of Development for Abadi LNG Project incorporating a CCS component to Indonesian government authorities on behalf of the joint venture composed of INPEX and Shell.
LPG-fueled LPG carrier "Captain Markos" delivered
Kawasaki Heavy Industries, Ltd. announced it has delivered the 84,000 m3 capacity LPG carrier CAPTAIN MARKOS. This is the 70th LPG carrier built by the company.
India plans green hydrogen incentives of at least 10% of cost
India plans to give green hydrogen fuel producers incentives worth at least 10% of their costs under a $2-B scheme set to begin before the end of June.
Technip Energies awarded a significant contract for the electric driven Xi’An LNG project in China
Technip Energies has been awarded a significant contract by Shaanxi LNG Reserves & Logistics Co. Ltd. for the 3 million normal cubic meters per day (Nm3/d). Xi'An LNG Emergency Reserve & Peak Regulation Project in China.
Philippines set to receive first-ever LNG cargo for power generation
The Philippines has bought its first-ever liquefied natural gas cargo, which will be delivered this month, bound for a new terminal that will fuel a 1,200-megawatt power plant.
Vietnam needs $11.5-B to expand national fuel storage capacity by 2030
Vietnam would need investment of up to $11.51 B to expand its national fuel storage system by 2030 citing a draft plan prepared by the Ministry of Industry and Trade.
Asia spot prices maintain downtrend on tepid demand
Asian spot liquefied natural gas this week hit its lowest since early July 2021 as weak demand and solid inventories in northeast Asia continued to pressure prices, while Europe prepared to exit winter with record inventories.
India keeps domestic gas prices on hold for now
India will provisionally keep the price of locally produced gas from old fields at $8.57 per mmBtu
China’s LNG imports to show small rebound in 2023
China’s liquefied natural gas imports fell sharply in 2022 because of the disruption caused by lockdowns to control the coronavirus epidemic and the massive exit wave of infections when they were lifted.
McDermott awarded FEED contract from Shell
McDermott has been awarded a front-end engineering design (FEED) contract from Shell Trinidad and Tobago Limited for the Manatee gas development project as part of a competitive FEED process.
Australia's gas sector says more supply is the answer
The Australian natural gas sector believes it has the solution to warnings of a shortfall in domestic supplies in coming years: produce more.
Asia spot prices of LNG slip as weak northern demand remains
Asian spot prices of LNG declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continues to pressure prices down.
India's coal + renewables mix makes for messy energy transition
India has emerged as a renewable energy star after boosting solar capacity by a whopping 28% in 2022, rivalling China's growth rate and outpacing European heavyweights which deployed record funding on energy transition efforts last year.
Russia hopes to seal Power of Siberia 2 deal with China this year
Russia hopes that a deal to provide gas supplies to China through the planned Power of Siberia 2 pipeline can be reached before the end of the year.
Does China need more Russian gas via the Power-of-Siberia 2 pipeline?
Russian President Vladimir Putin and Chinese leader Xi Jinping met in Moscow for two days of talks which ended Tuesday, during which they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia.
Russia's tighter energy ties with China since Ukraine war
China has increased purchases of Russian oil and gas in the year since Russia invaded Ukraine and the energy relationship between the two countries will be an important topic when presidents Vladimir Putin and Xi Jinping meet in Moscow this week.
CF Industries to buy Incitec Pivot's U.S. ammonia plant in $1.68 B deal
CF Industries Holdings, the world's top ammonia producer, will buy the U.S. manufacturing facility of Australia's Incitec Pivot Ltd in a $1.68 B deal, the companies said on Monday.
Adani Group engaging with financial institutions over Gujarat petchem project
India's Adani Group said, on Monday, its engagement with financial institutions over a petrochemical project at Mundra in the western state of Gujarat was still ongoing.
China's energy investments in Russia
Chinese state energy giants have made a number of multi-billion-dollar investments in Russia, one of China's top oil and gas suppliers, across various stages of the energy supply chain.
LNG activities resume at Dunkirk terminal in France
Disruption at Fluxys's LNG terminal in Dunkirk, northern France, ended on Friday morning.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
