Asia/Pacific
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.
China Imports 840 Million Cubic Meters of Gas Through Power of Siberia
China imported 840 million cubic meters of natural gas by Feb. 25 through the "Power of Siberia" pipeline, launched in December, or an average of 10 million cubic meters daily, state-run Xinhua news agency said late Wednesday.
ExxonMobil, Indian Oil, Chart Industries to Develop Virtual Gas Pipelines for India
Chart Industries, Inc. has signed a Letter of Cooperation with ExxonMobil India LNG, and Indian Oil Corporation to develop virtual LNG pipelines in India.
AG&P Breaks Ground on LNG Terminal in India; Plans Two More
Singapore-based AG&P just broke ground in India on its first LNG terminal and says it is confident in financing for two more within the next two years.
India Nears Record Imports as LNG Prices Slump on Virus Impact
India is set to import record volumes of liquefied natural gas (LNG) this month, data shows, taking advantage of the super-chilled fuel's price hitting all-time lows due to the coronavirus outbreak dampening demand in China.
China Resumes Construction on Mid Section of East-Route Pipeline
The middle section of the China-Russia east-route natural gas pipeline project resumed construction in Jinzhou City, northeast China's Liaoning Province, on Wednesday.
China's January Gas Consumption Falls for First Time in 2 Years
China's natural gas consumption in January saw its first year-on-year contraction in at least two years, data compiled by Chongqing Petroleum and Gas Exchange, a government-backed energy trading platform, showed on Monday.
Analysts Cut China's Gas Demand Estimates as Virus Outbreak Weighs
Several analysts cut their gas demand forecasts for China, the world's top gas importer, as the fast-spreading coronavirus outbreak is expected to depress industrial, commercial and transportation appetite over the next few months.
India Approves $774 Million for Gas Pipeline in Northeast
India approved funding of $774 million (955.6 billion rupees) for a natural gas pipeline in its northeast, Oil Minister Dharmendra Pradhan said, as part of a national gas grid being built to span remote locations.
China's Biggest LNG Importer Declares Force Majeure as Virus Spreads - Sources
China National Offshore Oil Corp (CNOOC), the country's biggest importer of liquefied natural gas (LNG), has suspended contracts with at least three suppliers amid the rapid spread of the coronavirus, two sources said on Thursday.
Oil, Gas Imports into China Tumble in Wake of Virus
Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said.
Petronet LNG, Tellurian to Sign $2.5 Billion U.S. Gas Deal This Month
India's top gas importer Petronet LNG and U.S. liquefied natural gas (LNG) developer Tellurian Inc are preparing to sign a $2.5 billion deal during President Donald Trump's maiden visit to New Delhi later this month, two sources familiar with the matter said.
Qatar Rejects India Proposal to Delink LNG Deals from Crude
India wants Qatar to delink the price of its imported gas from that of oil under long-term deals to make supplies cheaper, India's oil minister said, but Qatar isn't interested in renegotiating.
PETRONAS Signs 12-Year LNG Deal With Shenergy
PETRONAS has signed a Heads of Agreement (HOA) with Shenergy Group Company Limited (Shenergy) to supply approximately 1.5 MTPA of liquefied natural gas (LNG) to its Wuhaogou receiving terminal in China.
STATS Group Completes 12 Pipeline Isolations For Malaysian Operator
Pipeline technology specialist STATS Group (STATS) has completed an extensive pipeline isolation campaign offshore and onshore Malaysia.
Long Time Coming: Power Of Siberia Delivers First Gas
The 1,865-mile (3,000-km) Power of Siberia $9 billion gas pipeline is set to become the longest transmission pipeline, east of the Ural Mountains, with its first delivery in mid-December. It will transmit 61 Bcm of natural gas a year from Irkutsk and Yakutia to Russia’s Far East, bringing vital energy for the economic development of the Russian side of the Amur River and onward.
For China, 2020 Looks Like the Year of the Pipeline
Beijing’s leaders are increasingly concerned about China’s heavy dependence upon energy suppliers who worry, with a special concern centered on Russia and others in Africa and the Mideast.
China's Oil, Gas Imports Strong in 2019 Despite Trade Dispute
China's imports of major commodities ended last year with a bang, with strong gains showing the appetite of the world's largest importer of natural resources remains robust despite the trade dispute with the United States.
India Approves $774 million for Gas Pipeline
India has approved funding of 55.6 billion rupees ($774 million) for a natural gas pipeline in its northeast, Oil Minister Dharmendra Pradhan said on Wednesday, as part of a national gas grid being built to span remote locations.
Global LNG: Asian Prices fall amid low liquidity
Asian spot prices for liquefied natural gas (LNG) slipped this week amid thin trading due to Christmas holidays.
Japan's LNG Demand to Rise During Reactor Upgrades
Japanese utilities face hundreds of millions of dollars in extra fuel costs in 2020 as they buy in extra LNG and coal while nearly half the country's working nuclear reactors go off-line for government-ordered security upgrades.
Opinion: Tough for China to Buy Enough U.S. crude, LNG
The big, unresolved question from the initial trade agreement between the United States and China is what happens if Beijing cannot meet the massive jump in required commodity purchases.
China's 2020 Gas Consumption to Reach 320 Bcm: CNPC
China's gas consumption in 2020 is expected to rise to around 320 Bcm, while the pace of gas import growth is set to slow sharply this year, state energy group China National Petroleum Corp's (CNPC) research arm said on Thursday.
Rosneft Seeks Investors for Vostok Infrastructure
Russia's Rosneft is seeking Japanese investment in the company's $157 billion Vostok oil project, including construction of pipelines, roads and a seaport.
China Creates State-Owned Pipeline Company
China has created a new centrally administered, state-owned pipeline company that combines all pipeline assets of the top three state-owned energy giants: China National Petroleum Corp., China Petrochemical Corp., and China National Offshore Oil Corp.
Asian LNG Buyers Target Record Low Prices in Contract Talks
Asian LNG buyers are starting talks with producers to renew long-term contracts due to expire over the next few years, aiming to secure all-time low prices in deals likely to set new industry benchmarks.
Power of Siberia Natural Gas Pipeline Officially Begins Flows
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping officially launched the Power of Siberia pipeline on Monday that will transport natural gas from Siberia to northeast China.
Kazakhstan Seeks to Join Russian Plans to Boost Gas Exports to China
Kazakhstan has told Russia it wants to join plans to boost gas exports to China proposing that a new pipeline being considered by Moscow connect through the Central Asia nation, Kazakh Prime Minister Askar Mamin said on Monday.
At Least 7 Killed in Gas Explosion in Bangladesh
At least seven people were killed and eight injured on Sunday after a gas pipeline exploded in the Bangladeshi port city of Chittagong, a police official said.
- 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
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- 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
