Asia-Pacific

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.

India issues tender for gas-fired power to address unusually high power demand

India is seeking bids to supply gas-fired power to address expected periods of unusually high electricity consumption in October and November.

Chevron LNG workers escalate strike action; fault at Australia plant hits output

Unionized workers at Chevron's Australian facilities escalated strike action, when simultaneously a fault at the energy major's Wheatstone plant was discovered that halted about a quarter of its liquefied natural gas production.

Malaysia's Bumi Armada inks deal for LNG development in Indonesia

Malaysia's Bumi Armada said it has signed a deal with a subsidiary of Indonesian energy company Pertamina and natural gas trading company PT Davenergy Mulia Perkasa for development and commercialization of LNG.

Australia tribunal sets Sept 22 as date for Chevron LNG dispute hearing

The dispute between Chevron and workers at its two LNG in Australia will be heard by the industrial relations tribunal on Sept. 22, potentially offering a resolution to strikes which began last Friday.

Chevron gambles on untested laws to halt Australia LNG strike action

Chevron Australia no longer expects to reach a deal with unions and will instead pursue an untested legal strategy to stop industrial action at its Gorgon and Wheatstone LNG facilities as unions prepare for full scale strikes.

Strikes start at major Chevron Australia LNG projects, no talks planned

Workers at Chevron's LNG projects in Australia went on strike after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply.

Asian spot LNG prices slip on tepid demand, Australia strike offers no support

Asian spot LNG prices inched down this week on tepid demand, even as supply concerns deepened after workers at Chevron's Australia LNG projects went on strike.

LNG suppliers pin hopes on China for long-term demand

Suppliers of LNG are betting on China to drive demand for the super-chilled fuel over the longer term despite last year's slowdown, as the country locks in multi-year supply deals.

JERA sees muted impact on LNG prices from potential strike in Australia

Japan's JERA, one of the world's biggest buyers of LNG, expects a muted impact on the market from a potential strike in Australia thanks to high stocks and low seasonal demand.

Chevron LNG workers in Australia to further delay planned strikes

Workers at Chevron's liquefied natural gas facilities in Australia have agreed to further delay a planned strike to later on Friday.

Chevron, unions in final talks before planned Australia LNG strikes

Chevron and a union alliance are holding a final round of talks before planned strike actions at two major LNG facilities in Australia as ongoing disputes over pay and conditions remained unresolved.

India seeks more natural gas amid emergency measures to end blackouts

India is seeking additional volumes of natural gas and has asked utilities to expedite completion of power plant maintenance, as part of emergency steps to stop electricity outages.

Asian buyers to mop up LNG supply surge in next 5 years

Asian buyers will quickly absorb a surge in supplies of LNG coming to market over the next five years.

Exxon eyes China LNG downstream opportunities

Energy major ExxonMobil sees China as a strong long-term growth market for LNG despite a recent slowdown in demand there and is looking at potential downstream opportunities in the country.

Japan's Inpex interested in buying U.S. LNG linked to Henry Hub prices

Inpex, Japan's top oil and gas producer, is interested in buying LNG from the United States linked to the Henry Hub prices.

Venture Global and Baker Hughes announce expanded master equipment supply agreement

Venture Global LNG announced its long-term expansion plan to increase production from 70 mtpa to more than 100 mtpa of nameplate LNG export capacity.

Asian LNG buyers face volatile market until 2026

Asian LNG buyers are navigating a near-term market that is so finely balanced that any supply disruptions or demand upsides could cause significant price volatility.

Ministers, CEOs and global business leaders commit to unified industry action towards net zero on opening day of Gastech 2023

Gastech 2023, the world’s largest meeting place for natural gas, LNG, hydrogen, low-carbon solutions, and climate technologies, opened today welcoming record-breaking numbers to Singapore EXPO.

Thailand regasification capacity to nearly double by 2030

Thailand's annual gas regasification capacity will nearly double by the end of the decade as LNG imports are set to rise to replace declining domestic production.

Chevron Australia labor row escalates with two-week walkout plan

Workers at Chevron's Gorgon and Wheatstone LNG projects in Australia plan a total strike for two weeks from Sept. 14, a union alliance said on Tuesday, in a significant escalation on disputes over pay and conditions.

Technip Energies launches SnapLNG by T.EN, a solution for low-carbon and accelerated time to market LNG production

Technip Energies presents SnapLNG by T.EN, an innovative modular, pre-engineered and standardized solution for LNG decarbonized production and accelerated time to market with unparalleled certainty and plant reliability.

Talks to avert strike called as Chevron Australia LNG workers reject deal

Planned work stoppages next week at two of Australia's largest LNG facilities are scheduled to go ahead unless mediation can produce a deal after workers at Chevron rejected the company's offer on pay and conditions.

LNG prices may spike in winter as risks remain, Tokyo Gas exec says

Prices of LNG could spike this winter even with high storage levels in Europe, a Tokyo Gas executive said, as many political and market uncertainties remain.

Asian spot LNG prices flat amid more certainty over Australia strike action

Asian spot LNG prices held steady this week as more certainty over potential strike action at LNG facilities in Australia kept buyers on the sidelines from seeking replacement cargoes.