Asia/Pacific
Abu Dhabi's ADNOC Gas Signs 5-Year LNG Supply Deal with Japex
The deal is valued at between $450 million to $550 million, ADNOC Gas said, without providing LNG volumes or timing for the shipments to start.
Pavilion Energy, CNOOC Complete First Bunker Delivery to LNG-Powered VLCC
Singapore's Pavilion Energy and China's CNOOC Gas and Power Group completed their first LNG ship-to-ship bunker operation for a very large crude carrier (VLCC) at China's Guangzhou port, the companies said on Thursday.
Analysis: Surging U.S. Crude Oil Exports Disrupt European, Asian Prices
Surging U.S. crude exports in 2023 are pushing down oil prices in Europe and Asia, proving a key source of supply as producers cut output and sanctions on Russian crude disrupt trade flows.
Senate Backs Amendment Banning US Strategic Oil Reserve Sales to China
The U.S. Senate overwhelmingly passed an amendment to an annual defense bill on Thursday that would ban exports to China of oil from the Strategic Petroleum Reserve.
Wary of 2022 Crisis, Asian Buyers to Build Strategic Gas Reserves
Governments across Asia are formulating strategic natural gas reserve policies, building new terminals and storage tanks as buffers against supply disruptions following last year's energy crisis that sent global prices soaring to a record high.
Vietnam Approves $11.4 Billion Plan to Expand Fuel Storage Capacity by 2030
The investment would raise the country's crude oil and refined fuel storage capacity to 75 to 80 days of net imports, according to the plan signed by Deputy Prime Minister Tran Hong Ha on Tuesday.
Global News July 2023
Latest industry developments from around the world!
LNG Canada Project Nears Completion as Fluor Wraps Up Module Fabrication
(P&GJ) — With the arrival of the last module by ship from its fabrication yard in Zhuhai, China, Fluor Corp. announced that it has completed the module fabrication program on the LNG Canada project in Kitimat, British Columbia, Canada. The project will have an initial capacity to produce 14 million tons of LNG per year.
Global Construction Update: LNG Markets, Resurgent China Kindle Pipeline Projects
(PGJ) — Global midstream markets continue to face near-term headwinds and economic uncertainties, but Europe’s rapid transition from Russian energy and projected higher demand in Asia continue to drive midstream expansion in those regions and others that supply them.
World’s Top LNG Players Push for More, But Greener, Gas Investments
Current investments in gas infrastructure are falling short of what is needed, officials at an industry conference in Japan said on Wednesday, citing the role they say the fuel has to play in both global energy security and the transition to net zero.
Japan to Establish LNG Reserves This Year; IEA May Play Bigger Role
Japan, the world's top LNG buyer along with China, is promoting gas as a transition fuel before its economy reaches zero-neutrality in 2050. Japan also wants to be an LNG trading hub for Asia, especially for nations switching from coal to gas.
Riyadh, Tokyo to Cooperate on Energy Security, Hydrogen and Ammonia
Saudi Arabia said on Sunday it remains committed to securing oil supplies for Japan and will continue cooperating with Tokyo on clean hydrogen, ammonia, and recycled carbon fuels.
Indian Oil Signs Long Term LNG Import Deals with ADNOC LNG, TotalEnergies
Indian Oil Corp., the country's top refiner, has signed long-term LNG import deals with United Arab Emirates' s Abu Dhabi Gas Liquefaction Co. Ltd. (ADNOC LNG) and France's TotalEnergies.
Brent Oil Hovers Above $81 After Supply Disruptions
Global benchmark Brent crude hovered above $81 a barrel on Friday, with bullish sentiment over U.S. demand bolstered by supply disruption in Libya and Nigeria.
Cheniere Shunning Panama Canal for Longer LNG Routes to Asia
Top U.S. LNG exporter Cheniere Energy is shunning the Panama Canal to transport LNG to Asia because the market is not supporting use of the waterway, said Chief Operating Officer Corey Grindal on Monday.
Pipeline Construction Stalls Startup of Indian LNG Terminal
The terminal was completed in March, but its commissioning has been delayed as a 40-km (25-mile) pipeline link to an existing network meant for consumer sales is not yet ready.
McDermott Awarded Shell Contract for Offshore Malaysia Pipelay, Installation Project
(P&GJ) — Under the scope of the contract, McDermott will perform transportation and installation services for two pipeline segments and one section of flexible pipelay. McDermott will also provide pre-commissioning works on all infield pipelines and perform the structural installation of three jackets and topsides.
Engie Bets on Korean Demand with $7 Billion Oman Green Ammonia Project
The approximately $7 billion project will consist of five gigawatts of new wind and solar, an electrolyzer producing 200,000 tons of hydrogen each year, and dedicated hydrogen pipelines to bring the gas to an ammonia production plant near the port of Duqm.
Mexico Pacific Signs 20-Year LNG Supply Deal with China's Zhejiang Energy
Mexico Pacific Ltd. has struck a 20-year deal to sell 1 million tons of LNG a year from its Saguaro Energia export plant in Sonora state to China's Zhejiang Energy, it said on Wednesday.
Trans Mountain Pipeline Expansion Likely to Send More Canadian Oil to US, Not Asia
The Trans Mountain pipeline expansion (TMX) was meant to unlock Asian markets for Canadian oil, but analysts and traders said those barrels now will probably land on the U.S. West Coast as Asia gobbles up Russian oil that is cheaper due to sanctions from Western countries after Moscow's invasion of Ukraine.
Nigeria’s 384-Mile AKK Gas Pipeline Now 70% Complete
(P&GJ) — Nigeria has completed 70% of its 384-mile AKK gas pipeline; Kinder Morgan has launched a binding open season for the expansion of its SFPP pipeline; Sinopec has announced plans to build a 259-mile hydrogen pipeline in Mongolia; Peninsula Pipeline has finished its natural gas expansion project in Florida; and more in the latest issue of P&GJ's Project Update.
Sinopec's First Green Hydrogen Plant Starts Production in Xinjiang
Sinopec's first green hydrogen facility has the capacity to produce 20,000 metric tons of hydrogen a year, using solar power to electrolyze water, the company said in a statement.
Beijing Holds All Cards in Russia’s Eastern Energy Pivot
(P&GJ) — Russia is looking to build on its energy ties with China, a key buyer of its gas. But Beijing’s position of power in the relationship may mean the sanctioned producer is in no rush to complete new projects, especially the much-discussed Power of Siberia 2 pipeline.
Cheniere Signs LNG Supply Deal with China's ENN
Cheniere Energy said on Monday it will supply 1.8 million tonnes of LNG per annum to China's ENN Natural Gas for over 20 years.
Pakistan Seeks Spot LNG Cargoes, Inks Supply Deal with Azerbaijan
Pakistan has issued two tenders seeking spot LNG cargoes for the first time in nearly a year on Tuesday while also announcing a deal that will see Azerbaijan provide the country with one LNG cargo per month.
Beijing Gas to Start Regasification Terminal in October, Secures Term Contracts
The new terminal, located in Tianjin and connected with the Chinese capital Beijing via a 300-km (186-mile) pipeline, can handle 5 million tonnes of LNG annually.
First Discounted Russian Crude Oil Cargo Arrives in Karachi
Pakistan's Prime Minister Shehbaz Sharif on Sunday said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi.
Japan to Invest $107 Billion in Hydrogen Supply Over 15 Years
Japan plans to invest $107.5 billion over the next 15 years to supply the country with hydrogen, the government said on Tuesday, as it accelerates efforts to use the gas to shift to a low-carbon economy.
Pembina Pipeline, Marubeni to Partner on Low-Carbon Ammonia Export Project
(P&GJ) — Initial feasibility studies have been completed and the facility has an anticipated design capacity of up to 185 kilotonnes per annum of low-carbon hydrogen production, which will be converted into approximately one million tonnes per year of low-carbon ammonia.
Source: QatarEnergy to Sign Long-Term Asian LNG Supply Deal on Thursday
QatarEnergy will sign a long-term LNG supply deal with an Asian entity on Thursday, a source with direct knowledge of the matter told Reuters.
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
