Asia/Pacific
Energy Crisis Could Threaten Global Economic Recovery, Says IEA
Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to record levels as widespread energy shortages hit Asia and Europe.
Singapore LNG Scouts for Spot Cargoes as Electricity Futures Surge
Singapore LNG Corp is making inquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city-state's LNG terminal, industry sources said.
Alaska Says its Planned LNG Project will Help Asia Cut Carbon Emissions
Alaska Gasline Development Corp. said that its proposed liquefied natural gas export project would reduce greenhouse gas emissions in Asia by allowing power generators to use a cleaner fuel than coal.
Former PetroChina Executive Under Probe for Suspected Graft
Ling Xiao, who resigned last month from his position as a vice president of PetroChina, had been a PetroChina veteran long responsible for company's natural gas pipeline and marketing business.
Explainer: Global Energy Shortage or a Coincidence of Regional Crises?
There is a broad-based rebound in energy demand from lows hit during the depths of the coronavirus pandemic that has raised prices for oil, gas and coal; ongoing supply restrictions by oil cartel OPEC; and global transport bottlenecks that have complicated fuel distribution.
Global News October 2021
EIA Expects U.S. Natural Gas Consumption to Decline Through 2022, Brazil Seeks Natural Gas Pipeline from Argentina’s Vaca Muerta and more.
Russia's Gazprom Completes Maintenance at Gas Pipeline to China
Russian energy giant Gazprom said on Wednesday it has completed planned maintenance at the Power of Siberia natural gas pipeline to China.
China to Announce Details of Oil Reserve Sales in Due Course
China said on Monday it will announce details of planned crude oil sales from strategic reserves in due course. The vague wording and the lack of detail created some confusion among market watchers over whether the auctions had already taken place or would happen in the future.
Papua New Guinea Hands Pandora Gas Field to State-Owned Kumul
The Papua New Guinea government has awarded Kumul Petroleum rights to develop the Pandora gas field, estimated to hold 1 trillion cubic feet of gas, rejecting other bids to keep control of PNG's resources within the country.
China Approves $149 Million Coalbed Methane Pipeline Project
China's state planner has approved a 960 million yuan ($149 million) coalbed methane pipeline project linking the northern provinces of Shanxi and Shaanxi, the National Development and Reform Commission said.
Global News September 2021
Egypt, Israel Discuss Liquefying Israeli Gas at Egyptian Plants, Two Arrested in Mountain Valley Pipeline Protest and more.
Australia Bucks Climate Trend with Plan to Subsidize Natural Gas, Coal
Australia's federal government is proposing what amounts to a subsidy to natural gas- and coal-fired power generation, in a bid to solve a problem the country's energy market operator says doesn't exist.
China's LNG Import Surge to Cool in Winter as High Prices Bite
Pipeline gas will continue to ramp up to provide a supply cushion during winter, which includes supplies from Russia, which is scheduled to increase the amount of gas pumped via the Power of Siberia pipeline by 50% by the end of the year versus August levels.
Perspective: Demand Only One Side of LNG Price Surge, Supply Cut by Outages
That the price of spot cargoes is at the highest for this time of year since 2013 has been largely put down to robust demand from top importers such as China, and a determination among buyers to ensure natural gas stocks are adequate for the upcoming northern hemisphere winter.
India to Monetize $81 billion of State Assets, Including Pipelines
India plans to sell 6 trillion rupees ($80.90 billion) worth of state-owned assets over the next four years under privatization plans previously announced in the 2021/2022 budget to boost public finances.
China to Fund Myanmar Projects in Agreement with Junta
China will transfer over $6 million to Myanmar's government to fund 21 development projects, Myanmar's foreign ministry said, in a sign of cooperation resuming under the junta that overthrew an elected government on Feb. 1.
China's Crude Oil, Gas Imports Rebound in July
China's crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance. LNG and pipeline gas imports also showed big gains.
ESAI: Era of Peak Demand Growth for NGLs' Nears End
The era of "peak demand growth" for natural gas liquids will come to an end by 2025, according to ESAI Energy's newly published Global NGL 5-Year Outlook.
Perspective: What Lifting US Sanctions Means for the Nord Stream 2 Pipeline
The Biden administration admits that the US sanctions are currently unlikely to succeed, as the project is almost complete and his government wants to improve relations with Germany.
Armenia Wants Russian Army Outposts on Azerbaijan Border Amid Tensions
Tensions between Armenia and Azerbaijan, two former Soviet republics, are watched closely abroad for any threat to Azeri gas and oil pipelines and the risk of regional powers Turkey and Russia being dragged into any conflict.
Biden Admin Reveals Decade-Old China Pipeline Hack, Plans for Cybersecurity Talks
The Biden administration revealed Chinese state-sponsored hackers between 2011 and 2013 targeted nearly two dozen U.S. oil and natural gas pipeline operators with the goal of “holding U.S. pipeline infrastructure at risk."
Nigeria Seeks $1 Billion for Key Gas Pipeline as it Awaits Chinese Lending
Nigeria is seeking $1 billion so work can continue on a gas pipeline costing up to $2.8 billion after Chinese lenders which had pledged to offer most of the funds did not disburse cash as quickly as expected.
Global News July 2021
11 EU Countries Oppose Plan to Continue Gas Project Funding, FERC Approves Enable’s Proposed Louisiana Pipeline and more
South Korea Signs 20-Year LNG Deal with Qatar
South Korea's energy ministry said on Monday it had signed a 20-year LNG supply agreement with Qatar for the next 20 years starting in 2025.
Tokyo Gas to Start Methanation Pilot Program by End-March
Tokyo Gas Co Ltd, Japan's biggest city gas supplier, said on Wednesday it would start a demonstration test of methanation, a technology to help decarbonize city gas, in Japan by the end of next March.
First Deepwater Gas Field Fully Run by China Starts Production
The first deepwater gas field fully operated by a Chinese company, Lingshui 17-2, started production on Friday, the country's national offshore producer CNOOC Ltd said.
Taiwan's CPC Cleaning Up Oil Pipeline Leak Near Talin Refinery
Taiwan's state-owned refiner CPC Corp has started cleaning up an offshore oil spill caused by a pipeline that cracked during the discharging of oil from a vessel at its Talin refinery.
PipeChina Aims for Peak Carbon Emissions Before 2030
China Oil and Gas Pipeline Network, or PipeChina, aims to bring its carbon emission and energy consumption to a peak before 2030, a company manager said.
Police Detain Eight Employees of China Gas Unit After Deadly Pipeline Blast
Eight employees at a China Gas Holdings unit have been detained by local police following a fatal gas pipeline explosion on Sunday, according to a statement by the Shiyan city government.
LNG's Share of Indian Gas Demand Forecast to Rise to 70% by 2030
Indian companies are investing billions of dollars to strengthen gas infrastructure, including laying 15,000-kilometer (9,320-mile) pipelines to supply cleaner fuel to households and industries.
- 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
