Asia-Pacific

FERC greenlights methane export pipeline for large-scale LNG supply to China via Mexico's Pacific Coast

In a split decision handed down today, the Federal Energy Regulatory Commission issued a Presidential Permit and granted authorization to allow Oklahoma-based Oneok Inc. to build the Saguaro natural gas export Pipeline.

Japan gas utility lobby says U.S. remains key LNG supplier

The head of Japan's gas utilities group said the United States, the world's biggest exporter of LNG, remains an important supply source for Japan despite the recent pause in U.S. LNG export permits.

Industry to drive tripling of natural gas consumption in India by 2050

In EIA's International Energy Outlook 2023, it was projected that natural gas consumption will more than triple in India by 2050 with an annual growth of 4.4% over that period, more than twice the 2.0% annual growth rate of natural gas consumption in China, the next-fastest-growing country.

Shell expects 50% rise in global LNG demand by 2040

Global demand for LNG is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use more LNG to support their economic growth.

Chesapeake Energy Corporation, Delfin LNG and Gunvor sign long-term LNG liquefaction offtake agreement indexed to Japan Korea Marker

Chesapeake Energy Corporation, Delfin LNG LLC and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd, today announced the entrance into a LNG export deal that includes executed Sales and Purchase Agreements for long-term liquefaction offtake.

QatarEnergy selects Nakilat to own and operate up to 25 conventional LNG vessels

QatarEnergy announced that it has selected Qatar Gas Transport Company Limited to be the owner and operator of up to 25 conventional-size LNG carriers pursuant to Time Charter Parties to be entered into by affiliates of QatarEnergy and Nakilat.

NYK takes delivery of Japan’s first LNG-fueled capesize bulk carrier

A naming ceremony was held for an LNG-fueled capesize bulk carrier that was ordered by NYK and will be deployed to transport iron ore and coal from Australia to Japan under a long-term consecutive voyage charter contract with JFE Steel Corporation.

Asia spot LNG prices dip on tepid demand, healthy stocks

Asian spot LNG prices dipped this week, remaining below $10 per MMBtu for the fourth week running, with a limited outlook for recovery due to tepid demand and strong inventories.

Japan spot LNG contract price for January not disclosed

The average contract price for spot LNG cargoes for shipment to Japan last month was not disclosed by state-owned Japan Oil, Gas and Metals National Corporation.

India's GAIL buying spot LNG to hedge against Red Sea delays

India's state-run GAIL Ltd is selling more U.S. LNG in European markets and making spot purchases to avert delays due to the Red Sea crisis.

Bangladesh likely to sign another long-term LNG deal, buy more spot cargoes

Bangladesh will likely sign its fifth long-term LNG contract in "a couple of years" and will increase its spot cargo purchases this year.

Russia's INK may boost LPG exports by 20%-30% in 2024, focus on China

Russia's Irkutsk Oil Company will likely increase its exports of LPG by 20%-30% this year, focusing on sales to China, according to traders and industry sources, as the company recovers production.

Woodside, Santos scrap talks on $52-B merger

Australia's Woodside Energy and Santos said they had ended talks to create a possible $52-B global oil and gas giant, and Santos flagged it would look for other ways to bolster its value.

Adani Total says Dhamra LNG terminal operating at 55% utilization rate

Adani Total Pvt Ltd's Dhamra terminal has received 15 commercial LNG cargoes since commissioning in May 2023 and is operating at a utilization rate of 55%.

Mitsubishi sees Russia's Sakhalin LNG as key energy source for Japan

Mitsubishi Corp CEO Katsuya Nakanishi said Russia's Sakhalin 2 LNG project remains a key source for Japan's energy supply, as Japanese companies maintain their Russian exposure.

Asia LNG imports are robust, but record supply keeps spot prices muted

The spot price of LNG is continuing to meander at low levels amid ample supply from major exporters and signs that winter demand is easing in the top-importing regions of Asia and Europe.

Asia spot LNG prices remain below $10/MMBtu for third week

Asian spot LNG prices have seen a slight uptick this week but remain below $10 per MMBtu for the third week running as weak demand continues to steer prices.

European and Asian companies affected by U.S. pause on LNG export permits

U.S. President Joe Biden's administration announced a pause on pending and future permits to export LNG to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts.

Mitsui records $93 MM more in provisions for sanctioned Arctic LNG 2 project

Japan's Mitsui & Co said it had recorded $93 MM as additional provisions on its investment in Russia's Arctic LNG 2 project sanctioned by the United States, but lifted its full-year profit forecast.

Poland's Gaz-System chooses Mitsui O.S.K. Lines for FSRU

Polish pipeline operator Gaz-System has chosen Japan's Mitsui O.S.K. Lines to supply a floating storage and regasification unit.

U.S. LNG export permit pause may affect Japan's fuel security

Japan's top power generator JERA expects the temporary suspension of U.S. LNG export permits may affect Japan's fuel security, and even the world's, if the issue persists.

Japan worried U.S. pause of LNG export approvals may delay new projects

Japan, the world's second-biggest buyer of LNG, is concerned that a temporary suspension of U.S. export permits may delay the launch of new LNG facilities in the United States.

India's Adani Total Gas posts Q3 profit rise on higher CNG sales

India's Adani Total Gas reported a nearly 18% rise in its third-quarter profit, boosted by strong sales of its CNG.

Russia’s planned gas pipeline to China faces construction delay

Mongolian Prime Minister L. Oyun-Erdene said construction of Russia's planned new Power of Siberia-2 gas pipeline to China, which was expected to start this year, may be delayed.

Japan's JOGMEC gearing up to support new LNG projects

The Japan Organization for Metals and Energy Security is preparing to give financial assistance to Japanese companies for new LNG projects to ensure a stable supply of the fuel.

Asia spot LNG prices remain flat below $10/mmBtu despite geopolitical risks

Asian spot LNG prices remained below $10 per mmBtu for the second week running, as solid inventories and mild weather continue to outweigh geopolitical risk related to the Red Sea conflict.

Japan's 2023 preliminary LNG imports down 8% to lowest in 14 years

Japan's LNG imports fell by 8% to 66.2 MMt last year to the lowest since 2009 following nuclear power restarts and increased use of renewable energy.

Gas exporting group sees tight global LNG markets until 2026

The Gas Exporting Countries Forum sees tight global LNG markets until 2026 as demand rises 1.5% this year and up to 22% through 2050.

Australia secures new gas deals for east coast energy markets

The Australian government said it had reached new gas supply deals for its east coast energy market, easing some concerns over long-term supply gaps as the country moves rapidly away from its dependence on coal-fired power stations.

Asia spot LNG prices slip below $10 MMBtu despite Red Sea tensions

Asian spot LNG prices dipped below $10 per MMBtu for the first time in nearly eight months, as ample inventories and mild weather outweighed geopolitical tensions in the Red Sea.