Asia/Pacific

Niger Signs $400 Million Crude Oil Deal with Chinese Firm CNPC

Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp. worth $400 million linked to the sale of crude oil from its Agadem oilfield, Niger state television RTN reported late on Friday.

Chevron Hands Over Stake in Myanmar Gas Field to Junta, PTTEP

U.S. energy company Chevron has quit the Yadana natural gas field in Myanmar, a spokesperson said on Monday, more than two years after it condemned violence and human rights abuses there and announced it would leave.

PetroVietnam Power Secures $300 Million from Citibank, ING for LNG Plants Development

PetroVietnam Power said on Monday it has signed an agreement for a $300 million short-term loan from Citibank and ING to fund its projects to develop Vietnam's first two LNG power plants.

TotalEnergies Delays Final Investment Decision for Papua LNG Project to 2025

French oil and gas giant TotalEnergies on Monday said a planned new LNG project in Papua New Guinea would require 'more work' before a final investment decision could be reached.

Mitsui OSK Starts FSRU Operations for Indonesia Gas-Fired Power Plant

Japan's Mitsui O.S.K. Lines Ltd. (MOL) has started commercial operations of its floating storage and regasification unit (FSRU) to supply LNG to a power plant in West Java, Indonesia, the company said on Friday.

BASF Signs 15-Year Gas Supply Deal with China's ENN

German chemicals giant BASF said on Friday it had agreed to buy natural gas from Chinese gas company ENN Energy Holdings under a 15-year supply contract.

Petronas Partners with JERA to Explore Carbon Capture and Storage Solutions

Malaysian state-run energy firm Petronas said on Tuesday it has signed a joint study agreement with Japanese power generation company JERA to evaluate the feasibility of the carbon capture and storage (CCS) value chain.

Mitsubishi Invests in EIG's LNG Company MidOcean Energy

Japanese trading house Mitsubishi has agreed to invest in MidOcean Energy, an LNG company owned by U.S. investment firm EIG, MidOcean said on Tuesday without giving details of the deal.

GCL Revives Gas Business After Offloading Solar, Sets Sights on LNG Ambitions

Privately-run Chinese power company GCL Holdings is rebuilding a natural gas business after offloading hundreds of solar installations to set up gas import capacity and a trading operation, company executives told Reuters.

QatarEnergy Signs Charter Deals for 25 LNG Vessels with Nakilat

QatarEnergy has entered time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25 conventional-size LNG vessels.

Mitsui Invests $740 Million in Developing Vietnam Gas Field

Japanese trading house Mitsui & Co. said on Friday it has reached a final investment decision to develop Vietnam's Block B gas field, with its share of development cost of about $740 million.

PetroVietnam Gas Signs Deal with QatarEnergy for LNG Purchase

PetroVietnam Gas said on Wednesday it has signed a contract with QatarEnergy to buy 70,000 metric tons of liquefied natural gas for delivery on April 12-13.

Osaka Gas Expects Minimal Impact from Freeport LNG Partial Shutdown

Japan's Osaka Gas expects to see little impact on its balance of supply and demand for LNG from a partial shutdown of U.S. Freeport LNG's facilities, the president of the city gas provider said on Wednesday.

India's GAIL to Commission First Green Hydrogen Project in April, Sources Say

State-run natural gas company GAIL (India) Ltd. plans to commission its first green hydrogen project in central India in April, three company sources said.

Woodside Completes Sale of 10% Scarborough Interest to LNG Japan

Woodside has finalized the sale of a 10% non-operating participating interest in the Scarborough Joint Venture to LJ Scarborough Pty Ltd., also known as LNG Japan.

Concerns Over LNG Pause Overblown

Recently, the United States announced a pause on permits for new LNG export facilities. The move sparked outcry among industry groups in Asia, which quickly declared the move would hurt the region’s energy security and climate goals. However, their concerns are unfounded for five simple reasons.

CEO: Other Nations Will Fill LNG Gap if U.S. Retreats, Baker Hughes Affirms

If the U.S. pulls back from permitting new LNG export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, the CEO of Baker Hughes, the world's largest provider of equipment for the LNG sector, said on Thursday.

U.S. Senators Move to Harden Ban on Selling Reserve Oil to China

Two U.S. senators introduced legislation on Thursday to harden the ban on selling crude oil from the Strategic Petroleum Reserve (SPR) to China.

Chevron, JX Ink Deal to Collaborate on Carbon Capture and Storage Development

The agreement outlines plans to explore the feasibility of exporting carbon dioxide (CO₂) from Japan to CCS projects in Australia and other Asia Pacific countries.

Mitsubishi and Partners to Establish Coalition for Advancing Electric Natural Gas

Mitsubishi Corp. said on Tuesday it will form an international coalition with seven other firms including TotalEnergies and Tokyo Gas to support development and production of electric natural gas (e-NG).

Venture Global LNG Acquires Nine LNG Vessels, Deepens Presence in LNG Value Chain

The nine vessels will be constructed in South Korea and the Arlington-based company said the move will deepen its involvement throughout the LNG value chain.

IEA Forecasts Non-OPEC+ to Lead 2024 Oil Production Growth, Offset Output Cuts

Near-term global oil and liquids production growth will be driven primarily by the U.S., Guyana, Canada, and Brazil, offsetting voluntary production cuts by OPEC+, the U.S. Energy Information Agency (EIA) forecast on Thursday.

Israel's NewMed Delays $2 Billion BP, ADNOC Buy-In Offer Amid Regional Uncertainty

A $2 billion offer by Abu Dhabi's national oil company and BP to buy a 50% stake in Israeli gas producer NewMed has been put on hold due to uncertainty in the region, NewMed said on Wednesday.

Vopak, Air Liquide to Develop Hydrogen Pipeline Network in Singapore

The companies will look at developing low-carbon ammonia supply chains in Singapore, including ammonia cracking facilities, storage and handling infrastructure at Vopak's Banyan terminal, as well as distributing low-carbon hydrogen through a hydrogen pipeline network, Vopak said.

Japan Bolsters LNG Supplies, Relying More on Allies Australia and U.S.

Resource-scarce Japan is shoring up long-term supplies of liquefied natural gas from close allies Australia and the United States as key contracts from providers including Russia are set to expire by the early 2030s.

CNOOC Discovers 100 Million Ton Oilfield in South China Sea

Chinese state-owned oil and gas giant CNOOC Ltd. has discovered a new reserve in the South China Sea containing over 100 million tons of oil equivalent proved in-place, the company said in a statement on Friday.

AG&P LNG Acquires 49% Stake in Vietnam's Cai Mep LNG Terminal

Singapore-based Atlantic, Gulf and Pacific LNG (AG&P), a unit of U.S. investment and development firm Nebula Energy, has acquired a 49% stake in Vietnam's Cai Mep LNG terminal, it said in a statement on Thursday.

IEA Forecasts Well-Supplied Oil Market in 2024 Despite Demand Slowdown

The global oil market is relatively well supplied with demand growth slowing, while supply is increasing from the Americas, the head of the International Energy Agency's (IEA) oil markets and industry division told Reuters on Thursday.

Temasek Shortlists Saudi Aramco, Shell for Pavilion Energy Asset Sale

Singapore's Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of LNG trading firm Pavilion Energy, sources with knowledge of the matter said.

India Plans $4.95 Billion Natural Gas Pipeline Network for Kashmir, Northeast Region

India expects investment of about $4.95 billion from companies to build natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh, a minister said on Monday.