Asia/Pacific
India’s GAIL Diverts LNG Cargo as Monsoon Cuts Power Demand
India’s GAIL has re-sold a liquefied natural gas cargo after early monsoon rains reduced power demand and filled its LNG storage tanks. The diverted shipment was originally headed to India from the U.S. Cove Point terminal.
Billionaire Razon to Acquire 60% of First Gen’s Gas Assets for $896 Million
Billionaire Enrique Razon’s Prime Infra will acquire a 60% stake in First Gen’s gas business for $896 million, with the Lopez family retaining 40%. The deal includes a planned facility in Batangas and aligns with First Gen’s push to expand renewables.
Sinopec Sets Up China’s Largest Hydrogen Venture Fund at $690 Million
China's state-owned energy giant Sinopec has launched a $690 million venture capital fund—the country's largest of its kind—to accelerate early-stage investments across the hydrogen energy value chain.
Energy Transfer to Supply 1 MMtpa Lake Charles LNG to Kyushu Electric
Under the deal with Kyushu, Energy Transfer LNG will supply up to 1.0 MMtpa of LNG on a free-on-board (FOB) basis, and the terms are subject to Energy Transfer LNG reaching FID on the Lake Charles LNG project.
China's LNG Demand Slows on Rising Gas Output, Pipeline Supplies
China's rising natural gas output and pipeline supply are slowing its liquefied natural gas imports this year, capping prices in the region, but industry executives expect LNG demand from its industrial and power sectors to grow in the long run.
U.S. Looks to Revive $44 Billion Alaska LNG Project with Asian Investment Talks
The U.S. has invited officials from Japan, South Korea and Taiwan to Alaska to discuss projects including a vast gas pipeline, two people familiar with the planning said, as Asian governments consider U.S. investments in the hopes of relief from President Donald Trump's tariffs.
Canadian Oil Exports Pivot Toward China, Undermining U.S. Energy Influence
Canada's seaborne crude exports to China surpassed flows to the U.S. for the first time in April, a shift driven by trade tensions and Trans Mountain pipeline expansion.
Europe, Asia Face Rising Competition for LNG Ahead of Summer, IGU Says
The International Gas Union warns that Europe and Asia are set to compete for LNG cargoes this summer, with rising Asian demand and Europe's need to refill storage driving potential price increases.
BW LPG Ceases Investment in India LPG Import Terminal Project
BW LPG has ended its $10 million investment in an onshore LPG terminal at JNPA in Navi Mumbai, India, to refocus on shipping and trading amid market uncertainty.
Guangdong Pearl River Signs 15-Year LNG Deal with ConocoPhillips
Guangdong Pearl River Investment has signed a 15-year agreement to purchase LNG from ConocoPhillips, with supply expected to begin in 2028. The deal was announced during the World Gas Conference, though volume details remain undisclosed.
Azerbaijan Reports 3.1% Drop in BTC Pipeline Oil Exports
Azerbaijan’s oil exports via the BTC pipeline dropped 3.1% year-on-year to 9.3 million metric tons in January–April, with total transit volumes also down, according to official government data.
China Overtakes U.S. as Leading Buyer of Crude on Trans Mountain Pipeline
China has overtaken the U.S. as the top buyer of Canadian crude shipped through the Trans Mountain pipeline, as trade tensions and sanctions reshape global oil flows and increase Asia-bound exports from Alberta.
Wood Mackenzie Warns of Gas Turbine Supply Constraints Through 2040
Wood Mackenzie expects new gas-fired generation projects of around 890 gigawatt (GW) capacity to be added globally between 2025 and 2040, with the U.S. and China leading at 47% annual additions during the same period.
Saudi Crude Flows to China Expected to Stay High in June
Saudi Arabia is set to maintain oil exports to China at a one-year high in June, with 48 million barrels allocated amid increased OPEC+ output and strong demand from Chinese refiners.
Japan’s Eneos Boosts LNG, SAF Investments While Scaling Back Hydrogen Plans
Japan’s Eneos plans to invest $10.7 billion under a new three-year strategy, prioritizing LNG and sustainable aviation fuel while pulling back on hydrogen and ammonia targets.
Exxon to Supply Marubeni with Low-Carbon Ammonia from Baytown Hydrogen Project
Exxon Mobil signed its first customer agreement for its planned Baytown hydrogen facility, agreeing to supply Marubeni with 250,000 metric tons of low-carbon ammonia annually. The deal is contingent on a final investment decision expected in 2025.
China’s April Crude Imports Rise 7.5% on Iran, Russia Supply Surge
China imported 11.69 million bpd of crude oil in April, up 7.5% year-over-year, led by strong deliveries from Iran and Russia. Stockpiling during refinery maintenance and discounted sanctioned barrels supported the increase.
Russia, China in Talks on Power of Siberia 2 Pipeline Agreement
Russia and China are advancing talks on the proposed Power of Siberia 2 gas pipeline, which would deliver 50 bcm of Russian gas annually via Mongolia. A deal remains under negotiation, Russian officials said.
U.S. NGL Exports Hit Record High Despite China Trade Disruption
U.S. exports of natural gas liquids hit a record high in April despite reduced shipments to China, as global buyers including India and Brazil boosted imports amid shifting trade flows.
Global Energy Exports Slide as Trade Risks Weigh on Oil and Fuel Demand
Global oil, LNG and fuel exports slowed in early 2025 as rising trade tensions and tariffs disrupt flows, pressuring demand across major import markets and raising risks for energy exporters.
Saudi Arabia Can Control Oil Supply, But Demand May Be Its Achilles’ Heel
Saudi Arabia is flexing its oil supply control, but weakening global demand could undermine its strategy and pose challenges.
Bukit Asam Advances $3.1 Billion Coal-to-Synthetic Gas Project in Indonesia
Indonesia’s Bukit Asam plans a $3.1 billion plant to convert low-grade coal into synthetic natural gas, aiming to boost domestic gas supply and compete with LNG imports.
Arbitrage Reopens: U.S. LNG Diverted from Europe to Asia in Global Market Shift
Several U.S. LNG cargoes originally bound for Europe have been redirected to Asia as a reopened arbitrage window and falling European prices shift global trade flows. Analysts say the move highlights growing competition between Atlantic and Pacific markets heading into summer.
QatarEnergy Nears Long-Term LNG Supply Deal with Japan
QatarEnergy is in advanced discussions with Japanese buyers including JERA and Mitsui for a long-term LNG supply deal from its North Field expansion project, aiming to secure its dominance in the key Asian market.
Indian Oil Inks $1.4 Billion LNG Supply Deal with Trafigura
Indian Oil Corp. has signed a five-year LNG import deal with Trafigura worth up to $1.4 billion, with supplies starting in the second half of 2025 and pricing linked to the U.S. Henry Hub.
HYCO1, Malaysia LNG Team Up for Major CO₂ Utilization Project in Sarawak
HYCO1 and Malaysia LNG sign a memorandum to develop a major carbon capture and utilization project in Sarawak, using breakthrough technology to turn CO₂ into valuable chemical and fuel products by 2029.
U.S. to Host Alaska LNG Summit, Urges Asian Support for $44 Billion Project
The U.S. plans to host an Alaska LNG summit in early June, seeking support from Japan and South Korea for the $44 billion export project. The meeting aims to advance commitments amid rising Asian demand for natural gas.
Kazakhstan Poised to Become Key Central Asia Gas Hub, Eyes Pipeline Growth
Kenges Rakishev highlighted Kazakhstan’s vast gas reserves and strategic position at the Energy Trends forum in Astana, proposing a new gas company to meet rising global demand and calling for infrastructure investment to unlock export potential.
Aemetis Secures $31 Million in Biodiesel Orders for India’s Blending Push
Aemetis' Universal Biofuels secures $31 million in biodiesel orders from Indian Oil Marketing Companies, supporting the country’s push toward a 5% biodiesel blend by 2030.
JERA, Saibu Gas to Share Expanded LNG Terminal in Japan
JERA and Saibu Gas will collaborate on the use of an expanded LNG terminal in Japan's Hibiki port, allowing shared access to a new storage tank and boosting global LNG operations.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- US Poised to Become Net Exporter of Crude Oil in 2023
- EIG’s MidOcean Energy Acquires 20% Stake in Peru LNG, Including 254-Mile Pipeline
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
