Asia/Pacific
As Gas Reserves Wane, Philippines Faces Rising Costs in Switch to LNG
With just four years before the Philippines' only gas field is set to run dry, the country has started importing LNG, creating a fresh headache for a government struggling to curb high inflation.
PetroChina, BP Awarded 20-Year Access to Europe's Gate LNG Terminal
PetroChina International and energy giant BP have won a tender that will allow each to handle 2 billion cubic meters of gas annually for 20 years at Rotterdam's Gate terminal, the Chinese state firm's first long-term access to a European gas terminal.
U.S. State Department Warns China Could Hack Infrastructure, Including Pipelines
The U.S. State Department warned that China could launch cyber attacks against critical infrastructure, including oil and gas pipelines after researchers discovered a Chinese hacking group had been spying on such networks.
PetroVietnam Gas Signs Deal for First LNG Cargo from Shell Eastern Trading
PetroVietnam Gas said on Tuesday it had signed a contract to buy Vietnam's first LNG cargo from Singapore-based Shell Eastern Trading.
Philippines' First Gen Seeks One LNG Cargo for FSRU Commissioning in September
The company expects to commission its floating storage and regasification unit (FSRU) in Batangas province, about 92 km (57 miles) south of capital Manila, in September, and is looking for an initial LNG cargo of 160,000 cubic meters, said chief commercial officer Jonathan Charles Russell.
Cheniere Inks 19-Year LNG Supply Deal with Korea Southern Power
(P&GJ) — Under the agreement, Korea Southern Power has agreed to purchase approximately 0.4 MTPA of LNG from Cheniere on a delivered ex-ship basis from 2027 through 2046, with a smaller annual quantity to be delivered starting in 2024.
Kazakhstan, Russia Map Out Gas Pipeline to China
The pipeline would help Russia, hit by Western sanctions over its invasion of Ukraine, boost sales of its energy and commodities in Asia while also ensuring that Kazakhstan secures supplies for its central, northern and eastern regions.
Philippines' Marcos Signs 15-Year Malampaya Gas Contract Renewal
Philippine President Ferdinand Marcos Jr. on Monday signed an agreement extending the production contract for the country's Malampaya natural gas block by 15 years and allowing the operator to drill new wells as it seeks to boost output.
Sources: GAIL Plans $4.9 Billion Ethane Cracker in West India
GAIL (India) Ltd., the country's top gas supplier, plans to build a 400-billion rupee ($4.89 billion) ethane cracker near its LNG import plant in Western India, two sources with direct knowledge of the matter said, as it seeks to meet an expected surge in demand.
PetroVietnam Gas Gets Country's First LNG Import-Export Approval
PetroVietnam Gas said on Monday it had received a certificate from local authorities to become the country's first company eligible to import and export LNG.
Timor Gap CEO Expects Great Sunrise Gas Project Decision by November
The head of East Timor's national oil company said he expects a decision by November on whether to pipe natural gas from its offshore Greater Sunrise project to the Southeast Asia island or to Australia for liquefaction and export.
Global News May 2023
Latest industry developments.
US Venture Global Signs 20-Year LNG Supply Deal with Japan's JERA
U.S. company Venture Global LNG announced a deal to supply LNG to Japan's JERA for 20 years, where it agreed to sell 1 MTPA of LNG to JERA, Japan's biggest power generator and one of the world's biggest LNG buyers, from its CP2 LNG project.
Russia Looks to Companies Beyond Gazprom to Supply Gas to China
Russia is considering supplying natural gas to China by a 2,600-km (1,620-mile) pipeline from companies other than Kremlin-controlled Gazprom, which currently has the monopoly for Russian pipeline gas exports, an Energy Ministry official said on Tuesday.
Mitsubishi Power Starts Natural Gas Turbine Operation in Rayong, Thailand
This natural gas turbine is the fifth of its kind of a total of eight to be delivered under a full turnkey 5,300-megawatt contract secured by Mitsubishi Power in 2018, it said in a statement on Wednesday.
Regas Ship Arrives for Hong Kong's First LNG Import Terminal
The world's largest floating storage and regasification unit (FSRU) has arrived in Hong Kong to serve the city's first LNG import terminal, said CLP Power Hong Kong Ltd. and Hong Kong Electric Co. Ltd.
Malaysia's Petronas to Restart Gas Pipeline Operations by Q1 2024
Malaysia's national oil company Petroliam Nasional Berhad aims to restart a gas pipeline currently under force majeure by the first quarter of 2024, a senior company executive said on Wednesday.
China's Sinopec to Take Stake in Qatar's North Field LNG Project
The state-owned Chinese gas giant will take a 5% stake in the equivalent of one North Field East LNG train with capacity of 8 million tonnes per year, a QatarEnergy statement said.
G7 Climate Ministers Drop Language on Growing LNG Demand in Draft
Climate ministers of the Group of Seven countries have backtracked for now on earlier language touting growing future demand for LNG, instead noting there may be "considerable uncertainty" for consumption.
Sinopec to Build China 259-Mile Hydrogen Transmission Pipeline, Xinhua Reports
The pipeline will stretch 400 km (roughly 259 miles) from Ulanqab in sparsely populated Inner Mongolia to the capital Beijing, and will have an initial capacity of 100,000 tonnes per year, said the report, citing Sinopec chairman Ma Yongsheng.
Perma-Pipe Bags $6.5 Million in Project Awards in India
(P&GJ) — Perma-Pipe International Holdings Inc. announced that its subsidiary Perma-Pipe India Pvt. Ltd. has been awarded approximately $6.5 million in contracts during the first quarter of 2023. Two major projects will begin execution in Perma-Pipe’s Gandhidham, Gujarat, India facility in the first and second quarter of 2023.
Technip Energies Bags LNG Contract Valued at $273 Million
(P&GJ) — Shaanxi LNG Reserves & Logistics Co. Ltd. has given Technip Energies a large contract for the 3 million normal cubic meter per day Xi'An LNG Emergency Reserve & Peak Regulation Project in China. The deal is valued between $54.53 million and $272.67 million.
Global News April 2023
US LNG exports hit record as Freeport production returns, Granholm says refilling US strategic petroleum reserve could take years, EU Nations seek legal option to stop Russian LNG imports, Oil firms halt or cut output in Iraqi Kurdistan, and more!
Philippines Set to Receive First-Ever LNG Cargo for Power Generation
The Philippines has bought its first-ever LNG cargo, which will be delivered this month, bound for a new terminal that will fuel a 1,200-megawatt power plant, global energy trader Vitol said on Monday.
China’s LNG Imports to Show Small Rebound in 2023
The import rebound could be smaller than some analysts anticipate because domestic gas production is rising strongly and the country has mostly completed its transition to natural gas for urban residents.
ABB India Automates 81-Mile India-Bangladesh Cross-Border Oil Pipeline
(P&GJ) — ABB India has delivered integrated automation and control solutions to enable the safe operation of the 130-km (81-mile) Indo-Bangla Friendship Pipeline (IBFPL), which will carry diesel from India to Bangladesh.
Kazakhstan's KMG Starts Shipping Oil Via Caspian Sea to BTC Pipeline
Kazakhstan's state Kazmunaigaz (KMG) has started shipping oil to the BTC (Baku-Tbilisi-Ceyhan) pipeline in Azerbaijan, three sources familiar with the matter told Reuters, as it seeks alternatives to exporting via Russian ports.
Russia Hopes to Seal Power of Siberia 2 Deal with China This Year
Moscow is eyeing the 2,600 km (1,620 mile) pipeline — which would have a capacity of 50 Bcm of gas per year — as a way to replace lost exports to Europe.
Explainer: Does China Need More Russian Gas Via the Power-of-Siberia 2 Pipeline?
Russian President Vladimir Putin and Chinese leader Xi Jinping met in Moscow for two days of talks which ended Tuesday, during which they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia.
China Strengthened Energy Ties With Russia Through Oil and Gas Purchases in 2022
Putin, Xi and the president of Mongolia held talks in September 2022 on a proposed new Power of Siberia 2 pipeline capable of delivering 50 bcm of gas per year from Russia to China via Mongolia. Moscow put forward the idea many years ago, but it has gained urgency as Russia turns to China to replace Europe as its major gas customer.
- 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
