Asia-Pacific

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.

Qatar set to sign cheaper long-term LNG deal with India

Qatar Energy within weeks could sign a long-term deal to provide LNG to Indian buyers on cheaper and more flexible terms than existing contracts as India seeks to meet a goal to increase the fuel's use.

Bangladesh's Summit to supply 1.5 MMt LNG to Petrobangla from Oct 2026

Bangladesh's Summit Group has signed a preliminary pact to supply 1.5 MMt of LNG per year to state-run Petrobangla for 15 years, starting from October 2026, its chairman.

Gas, LNG prices to remain relatively weak in 2024 amid subdued demand

Global prices of gas and LNG are expected to remain relatively weak in 2024, with demand subdued due to high storage levels in Europe and Asia and a mild Northern Hemisphere winter.

Sinopec says more deep tight-gas reserve certified in Sichuan basin

China's Sinopec Corp said on Wednesday that the Chinese government had recently certified 133 Bcm of proven geological reserves of natural gas in its operation in southwest Sichuan basin.

Japan spot LNG contract price for December 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.

Russia boosts fuel exports to Central Asia, Afghanistan and Mongolia in 2023

Central Asian countries, Afghanistan and Mongolia raised their imports of Russian fuel by around 28% in 2023 to almost 6 MMt, partially offseting a decline in Russian supplies to Europe.

Indonesia's 2024 oil, gas lifting set to fall short of government targets, regulator says

Indonesia's oil and gas lifting this year is likely to fall below government targets, upstream oil and gas regulator SKK Migas said but pledged efforts to fill the gap.

Asia spot LNG prices fall to 7-mth low as stocks remain plentiful

Asian spot LNG prices slid for an eighth consecutive week to hit their lowest levels in seven months, as healthy storage levels in both Europe and northeast Asia continued to weigh on prices.

Tokyo Gas expects to close sale of Australian LNG assets at end of February 2024

Japan's biggest city gas provider, Tokyo Gas, said it expects to close the planned sale of its stakes in a portfolio of four Australian LNG projects at the end of February.

Shell anticipates Q4 setback with $4.5B write-down on Singapore assets, despite LNG production rise

Ahead of fourth-quarter results on Feb. 1, the company also said gas trading would be significantly higher than the previous three-month period, while oil trading results were expected to be significantly lower over the same period.

Japan's Kyushu Electric may invest in Lake Charles LNG project in U.S.

Kyushu Electric Power is considering investing in the U.S. Lake Charles LNG project of Energy Transfer, among other projects, to secure a stable supply of the fuel.

India's GAIL signs 10-yr LNG purchase deal with Vitol

State-run GAIL Ltd said it has signed a 10-year LNG import deal with trader Vitol to buy about 1 MMtpy of the super-chilled fuel from 2026.

Asia spot LNG prices dip to 5-month low as stocks weigh

Asian spot LNG prices slipped to a five-month low this week, extending losses that began in mid-November as mild winter weather and high inventories curbed demand.

Asia's LNG imports hit record, but supply surge keeps price muted

Asia's imports of LNG rose to a record in December, but spot prices remained subdued as shipments from top exporters Australia and the United States also hit all-time highs.

Russia's Gazprom breaks daily record for gas supply to China

Russian energy giant Gazprom said it set a new daily record the previous day for gas supplies to China through the Power of Siberia pipeline.

Asia spot LNG price remains at 4-month low, falls 58% in 2023

Asian spot LNG prices remained at their lowest level in over 4 mos this week on strong inventories, mild weather and weak demand which are all bearish factors that are seen continuing into 2024.

Shell resumes LNG loadings from Prelude facility in Australia

Shell said it has resumed loading LNG cargoes from its Prelude facility offshore Australia following major maintenance.