Asia-Pacific

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.

Strikes end at Chevron's Australian LNG facilities

An Australian union alliance called off strikes at Chevron's two major local LNG projects, agreeing to resolve disputes that had threatened to disrupt around 7% of global LNG supplies.

Asia spot LNG prices notch up amid spot buys, easing Japan inventories

Asian spot LNG prices rose $1 this week due to buying activity by China and India, easing inventory levels in Japan and higher oil prices.

China gas demand seen up 8% on economic recovery, easing fuel cost

China's natural gas demand this year is expected to grow by 8% from 2022, an analyst from state-owned oil major CNOOC's research division said, a pace higher than analysts' forecasts on the back of cooling gas prices and China's economic recovery.

Chevron accepts Australian labor tribunal's terms to end strike at LNG plants

Chevron said it has the accepted recommendations from Australia's labor regulator to end its dispute with unions at its LNG facilities in Western Australia.

Australia tribunal to rule on Chevron LNG strikes after talks fail

Fresh talks between Chevron and unions over strikes at two LNG facilities in Western Australia ended without a deal leaving it up to a workplace tribunal to map a way forward.

Japan says it will ensure stable energy supply after U.S. sanctions related to Arctic LNG-2 project

Japan will ensure stable and steady energy supply to the country in the wake of fresh U.S. sanctions related to Russia's Arctic LNG 2 LNG project.

Chevron's strike-hit Australia LNG facility resumes full production

Chevron said full production had resumed at its strike-hit Wheatstone LNG facility in Western Australia after a fault last week cut production by about one-fifth.

Chevron LNG strikes to have limited near-term impact on U.S. gas prices

The strikes at Chevron's LNG plants in Australia will likely have limited near-term impact on U.S. gas prices as domestic demand remains low.

Asian spot LNG prices inch up as market eyes Australia strikes

Asian spot LNG prices inched up this week amid supply concerns as workers at Chevron's Australia LNG projects escalated industrial action and as feedgas intake at U.S. Freeport dropped below normal capacity.

SOCAR Trading starts LNG trading in Singapore to capture Asian demand

Azerbajian's SOCAR Trading has begun LNG trading in Singapore to capture growing demand in Asia.