Asia/Pacific
Heavy Rains Cause Collapsed Roads, Pipeline Explosion in Northwest China
A natural gas pipeline exploded in northwest China early Wednesday morning after heavy rains caused several roads to collapse.
China Starts Building Southern Section of East-Route Pipeline
Construction has started on the southern portion of the China-Russia East natural gas pipeline, which carries supplies from the Power of Siberia system in Russia, PipeChina announced Tuesday.
China's Sinopec Seeks Long-Term LNG as Prices Remain Low
Taking advantage of near-record low prices for LNG, China's Sinopec is seeking to sign 10-year delivery contracts to take delivery beginning in 2023 according to several sources.
PipeChina to Take on $56 Billion of Pipelines to Boost Network Access
China is taking major steps to consolidate its midstream oil and gas sector with the newly formed state-owned PipeChina taking on more than $55 billion in assets.
PetroChina to Sell Major Pipeline Assets to PipeChina for $38 Billion
China's state-owned oil firm PetroChina has announced it is selling its oil and gas pipelines and storage facilities to the country's new midstream company China Oil and Gas Pipeline Network (PipeChina) for nearly $40 billion.
Zhejiang Wins China's First Private Fuel Export License — Sources
Zhejiang Petroleum & Chemical Co has been granted a license to export fuel from the country to the international market, a first for a private oil company in the country.
China Hires Morgan Stanley, Goldman Sachs to Advise on Pipeline Asset Transfers — Sources
China has hired Morgan Stanley and Goldman Sachs to advise the country's top energy firms on multi-billion dollar deals transferring oil and natural gas pipeline assets to a new national energy infrastructure company.
India to Simplify Gas Pipeline Tariff to Boost Demand
India's oil minister announced the country is planning to simplify its gas pipeline tariff structure in order to attract further investment into the nation's gas infrastructure.
U.S. Gas Deliveries for LNG Export Fall by More than Half
Daily natural gas deliveries to U.S. facilities that produce LNG for export were a record 9.8 Bcf/d in late March 2020, but deliveries fell to less than 4 Bcf/d in June.
China Could Top Japan's LNG Imports in 2020 as Coronavirus Cuts Demand
The unusual market conditions brought on by the coronavirus pandemic may cause LNG imports into China to surpass Japan much sooner than expected, according to an industry analyst.
India Steps up Bet on Gas With First Gas Trading Exchange
India on Monday launched its first natural gas trading exchange, as it continues efforts to reduce greenhouse gas emissions by expanding the share of gas in its energy mix.
LNG Recovery in Asia Depends on China, India Policies
The International Energy Agency (IEA) forecasts a gradual recovery in global natural gas demand in 2021-22, but the extent of that rebound depends on how committed China and India remain to their transitions from coal.
Actuators Specified for Long-Haul Pipeline in India
A currently under construction 435-mile (700-km) pipeline from southern India to a key refinery has selected hundreds of Rotork actuators for the project, according to a company spokesman.
Kazakh Firm Plans to Spin Off Gas Shipping and Trading Unit
Kazakh state oil and gas firm KazMunayGaz said it plans to spin off its natural gas shipping and trading subsidiary Kaztransgas and will seek creditors' consent for the move.
Malaysia's LNG Exports in May Set to Drop to Lowest Since Mid-2018 — Data
LNG exports from Malaysia, the world's fourth-largest natural gas exporter, are expected to drop to their lowest levels in two years as producers are hit hard by plunging demand stemming from the coronavirus pandemic.
Sinopec to Build $2.8 Billion LNG Terminal in Eastern China
Sinopec has contracted with the city of Zhoushan on China's eastern coast to build a $2.8 billion LNG import terminal.
Petronas, China LNG Deal Calls for Distribution via ‘Virtual Pipelines’
Petronas and China's Clean Tiger Energy have agreed to an LNG supply deal with a provision that the Chinese company distributes the fuel to remote locations using ISO tanks.
Gazprom Begins Preparation for Power of Siberia-2
Russian gas giant Gazprom has begun a feasibility study for its Power of Siberia-2 natural gas pipeline.
More Pipelines Are Needed for India to Increase LNG Imports — EIA Report
Recent data released by the U.S. Energy Information Administration shows that in order to continue to increase its LNG imports, India needs to build more gas pipelines.
Tokyo Gas Maintains LNG Imports, Infrastructure Projects Despite Profit Plunge
Japan's biggest supplier of city gas said net profit fell by nearly half in the fiscal year ended March 31, but it has no plans to cut LNG imports or change its overseas investment plan.
Part Two: China’s Pursuing Historic Diversification of Pipeline Routes
In our second look at China’s pipeline infrastructure, Energy Writer Gordon Feller explores CNPC’s investment of billions of dollars in Kazakhstan´s energy sector and doubts that remain surrounding a final export corridor.
U.S. LNG Cargoes Heading to China After Beijing Awards Tax Waivers
For the first time in over a year, cargoes of U.S. LNG are heading to China after the government began awarding tax waivers to some importers.
China's CNOOC Signs Pipeline Assets Transfer Agreement with PipeChina
China National Offshore Oil Corp (CNOOC) has signed an agreement with newly launched PipeChina on transferring management rights for oil and gas infrastructure projects.
U.S. Oil Output Set to Plunge as Storage Fills
Ultra-low oil prices and full storage tanks and pipelines will force an unprecedentedly fast decline in U.S. output this year as producers are forced to choke or shut old wells and cut back new drilling, writes market analyst John Kemp.
Indian LNG Importers Issue Force Majeure — Sources
Several Indian LNG importers have issued force majeure notices after the country has shut down to help prevent the spread of the coronavirus.
PetroChina to Seek Price Talks with Gas Suppliers as Coronavirus Hits Demand
PetroChina is looking to renegotiate gas prices with several global suppliers, as well as a transfer of pipeline assets, amid plunging gas demand due to the coronavirus pandemic.
China to Resume U.S. LPG Imports as Beijing Waives Trade-War Tariff — Sources
China has once again begun buying U.S. LPG as the government waived tariffs as part of the U.S.-China trade deal.
Shell, INOX India Sign MoU for LNG Distribution
Shell has signed a Memorandum of Understanding with India's INOX to deliver LNG to customers not connected to distribution pipelines.
Kazakhstan Decreases Gas Supplies to China
Kazakhstan has reduced natural gas supplies to China by 20-25%, Energy Minister Nurlan Nogayev said on Wednesday, after importer PetroChina issued a force majeure notice to suppliers this month.
PetroChina Suspends Gas Contracts as Coronavirus Hits Demand — Sources
PetroChina has suspended some natural gas imports, including LNG and pipeline gas, as a seasonal plunge in demand adds to the impact on consumption from the coronavirus outbreak.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
