Asia/Pacific
Japan Gas Lobby Calls for Diplomacy to End LNG Destination Clauses
The head of the Japan Gas Association on Friday urged the government to enhance diplomatic efforts to eliminate destination clauses in long-term liquefied natural gas (LNG) contracts, ensuring flexibility for resale in response to demand trends.
India to Install Connecting Pipeline, Supply LNG to Sri Lanka, PM Modi says
India plans to supply liquefied natural gas (LNG) to Sri Lanka's power plants and will work on connecting the power grids of the two countries as well as lay a petroleum pipeline between the neighbors, Indian Prime Minister Narendra Modi said on Monday.
Argus Launches Daily Price Assessments for Growing LNG Market in India
Argus has launched the world's first daily price assessments for the growing LNG market on the east coast of India, enhancing transparency in a region where imports and downstream gas infrastructure are undergoing rapid development.
Australia's Santos Signs Long-Term LNG Supply Deal With Japan's Shizuoka
Santos, Australia's No.2 independent oil and gas producer by market cap, said on Thursday it signed a deal to supply Japanese gas distributor Shizuoka Gas with liquefied natural gas (LNG).
Singapore Seeks Proposals to Scale Up LNG Bunkering
The Maritime and Port Authority of Singapore (MPA) has launched an expression of interest (EOI) to gather proposals for scaling up liquefied natural gas (LNG) for bunkering or ship refueling, it said in a statement on Thursday.
Analysis: Japan Eyes Exit from Russian Gas Amid Sakhalin Decline, Rising LNG Rivals
As Japan's long-term contracts to secure liquefied natural gas (LNG) from Russia's Sakhalin-2 project near expiration, rival producers see opportunity to fill the supply gap, even as Tokyo looks to switch to cleaner energy, industry insiders say.
Sembcorp Secures 10-Year LNG Deal with Chevron's Singapore Unit
Sembcorp Industries on Thursday said its unit, Sembcorp Fuels signed a deal with Chevron USA's Singapore unit to import up to 0.6 million tonnes of liquefied natural gas (LNG) annually starting in 2028.
Pakistan Defers LNG Contract with Qatar to 2026, Citing Surplus
Pakistan has deferred its LNG agreement with Qatar by a year, now expecting deliveries in 2026 due to a surplus. Petroleum Minister Musadik Malik confirmed there are no penalties for the deferral and additional cargo postponements are under negotiation.
China Implements Rules to Cut Fuel Pipeline Transport Costs
China introduces new rules to lower fuel transport costs by pipeline starting January. State planner NDRC will regulate maximum revenues for PipeChina, aiming to reduce costs for end-users and ensure efficient oil product transport.
QatarEnergy Signs Long-Term LNG Deal with Shell for China Delivery
State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with liquefied natural gas (LNG) for delivery to China.
More U.S. LNG is Needed to Support Asia’s Emissions Reduction Goals, New Study Finds
Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new study by data and analytics company Wood Mackenzie has shown.
China Completes Full Pipeline for Power-of-Siberia Gas
China has built and connected the 5,111-km (3,175-mile) Power-of-Siberia pipeline to deliver gas from Russia's Siberian fields to users as far as the financial hub of Shanghai, Chinese state media reported on Monday.
Goldman Warns Asia LNG Prices May Surge Due to European Gas Crunch
Goldman Sachs warns that Asia's LNG prices could surge above $20/MMBtu if European gas supply tightens this winter, driven by competition for limited resources and potential Russian flow disruptions.
Kazakhstan Plans Major Oil Export Boost via Turkey, Reducing Russian Reliance
Kazakhstan could sharply increase its crude oil exports out of Turkey's port of Ceyhan, its energy minister said on Monday, in a move that would reduce the more than 80% share of flows it currently sends via Russia.
BP, Partners to Invest $7 Billion in Indonesia's Papua Carbon Capture Project
BP and partners will invest $7 billion in a carbon capture and gas project in Indonesia’s Papua region, potentially unlocking 3 trillion cubic feet of gas. The CO2 sequestration initiative aims to reduce emissions at BP’s Tangguh LNG facility.
Osaka Gas Says U.S. Sanctions on Gazprombank Won't Affect Russian LNG Purchases
Osaka Gas announced that U.S. sanctions on Russia's Gazprombank will not impact its LNG purchases from the Sakhalin 2 project. The Japanese utility clarified it doesn't use Gazprombank for transaction settlements.
Japan's MOL, KEPCO Sign First-Ever Agreement for Liquefied Hydrogen Carrier Study
Japan's Mitsui O.S.K. Lines and Kansai Electric Power Company have signed a memorandum of understanding for the joint study of a liquefied hydrogen carrier, the companies said in a joint statement on Tuesday.
Malaysia Regains Position as China's Second-Largest Crude Oil Supplier
Malaysia regained its position as the second-largest supplier of crude oil to China last month, data showed on Wednesday, with supplies rising 28% on year as independent refiners sought cheaper sanctioned oil amid Middle East supply concerns.
Kazakhstan’s 188-Mile Gas Pipeline to Expand Regional Gasification to 90% Once Completed
(P&GJ) — Kazakhstan’s Taldykorgan-Usharal gas pipeline, launched under the directive of the Head of State, aims to secure a consistent gas supply in a region where gasification currently stands below 50%.
Sinopec, Aramco Begin Construction on $10 Billion Refinery-Petrochemical Plant in China
Sinopec and Saudi Aramco have begun constructing a $10 billion refinery and petrochemical complex in Fujian, China. The project, set to become operational by 2030, highlights growing cooperation between the two energy giants and will significantly boost petrochemical production in the region.
Rubio as Trump’s Secretary of State Could Signal Stricter Oil Sanctions on Iran, Venezuela
President-elect Donald Trump's pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of oil sanctions on Iran and Venezuela, but concerns about retaliation by China could temper any efforts, analysts said on Wednesday.
ADNOC Gas Inks 10-Year LNG Supply Deal with India’s GAIL
ADNOC Gas has secured a long-term agreement with GAIL India Limited to deliver up to 0.52 million metric tonnes per year of liquefied natural gas (LNG) beginning in 2026.
PNOC and Pertamina Partner on LNG, Energy Projects
State-owned firms Philippine National Oil Company (PNOC) and Indonesia's Pertamina have signed a preliminary agreement to develop the liquefied natural gas (LNG) and other energy sources.
China to Receive Reduced Saudi Oil Supply in December as Demand Slows
Saudi Arabia's crude oil exports to China are projected to decline to 36.5 million barrels in December, down from 46 million barrels in October, amid reduced demand from the world’s largest oil importer.
First Renewables Begins Flow of Renewable Gas in New Zealand Pipeline
New Zealand's gas infrastructure reached a significant milestone with the launch of renewable gas flowing through a Firstgas pipeline, marking the country's first-ever use of biogas for residential and commercial users.
Trump Prepares to Withdraw from Paris Climate Agreement, NYT Reports
U.S. President-elect Donald Trump's transition team prepares executive orders to withdraw from the Paris climate agreement, end the LNG export pause, and revoke California's pollution waiver, according to the New York Times.
NuVista Energy to Supply Trafigura with Natural Gas in 13-Year Deal
NuVista Energy has signed a 13-year natural gas offtake agreement with Trafigura, providing the Canadian producer exposure to international LNG market pricing through JKM indexing.
New Fortress Energy Seeks Partners to Boost Liquidity, Financial Flexibility
New Fortress Energy is exploring partnerships for its core businesses to improve liquidity and financial flexibility as it targets growth in Latin American LNG demand.
Saudi Arabia May Cut December Oil Prices for Asia, Sources Say
Saudi Arabia, the world’s top oil exporter, may reduce December oil prices for Asian buyers, reflecting weaker demand and lower benchmark prices. This potential price cut could influence OPEC+ considerations to delay increasing oil production, according to sources.
Global News November 2024
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
