Asia/Pacific

Russia, China May Sign Energy Deals Amid Moscow Tensions with West

Russian President Vladimir Putin may seek to deepen energy ties with China during a meeting with leader Xi Jinping this week while attending the Winter Olympics this week in Beijing.

Oil Spill Threatens Corals in Eastern Thailand

Authorities are rushing to prevent an oil spill in eastern Thailand from damaging fragile corals, after officials said the leak that began last week was drifting towards more coastal areas.

Oil Spill Reaches Shoreline in Eastern Thailand

Some of the oil that leaked from an underwater pipeline in the Gulf of Thailand washed up on a beach in the country's eastern province of Rayong late on Friday, a senior official said.

Thai Oil Spill Cleanup to Take 5 More Days, Navy Says

An oil spill caused by a leak from an undersea pipeline 20 km (12.4 miles) off Thailand's eastern coast will take at least five more days to clear, its navy said on Thursday.

Thailand's PTT Exploration and Production Taking Over Myanmar Gas Field as Others Exit

Thailand's state oil and gas explorer looks set to take over Myanmar's biggest gas field, as TotalEnergies and Chevron Corp. exit in the wake of last year's coup in the Southeast Asian state.

TotalEnergies Withdraws Completely from Myanmar

Before now, the company's decisions have been to halt all ongoing projects, but to continue to produce gas from the Yadana field, which is essential for supplying electricity to the local Burmese and Thai population.

Oil Flow Resumes in Kirkuk-Ceyhan Pipeline After Blast in Turkey

The flow of crude oil through the Kirkuk-Ceyhan pipeline has resumed, after it was halted on Tuesday due to a blast near the pipeline in the southeastern Turkish province of Kahramanmaras.

Turkish President Says Cost Concerns Force US Rethink on EastMed Gas Pipeline

The United States has pulled its support for a subsea pipeline that would supply natural gas from the eastern Mediterranean to Europe because it makes no economic sense, Turkish President Tayyip Erdogan said.

Kazakh Ex-Leader's In-Laws Leave Key Energy Sector Jobs

Two members of former Kazakh president Nursultan Nazarbayev's extended family have resigned from the leadership of state oil and gas shipping companies.

Indian Oil to Invest $944 Million on Gas Sales Network in Nine New Areas

Indian Oil Corp, the country's top refiner and fuel retailer, aims to invest 70 billion rupees ($944.02 million) to build gas sales network infrastructure, including pipelines.

Global News January 2022

US Oil Pipelines at Half-Capacity, U.S. Natural Gas Production to Increase in 2022, Osaka Gas Plans to Enter India’s City Market, and more.

Oil Slips, But Gains 5% in the Week on Kazakh, Libyan Concerns

Production in Libya has dropped to 729,000 barrels per day from a high of 1.3 million bpd last year, partly due to pipeline maintenance work.

Caspian Pipeline Consortium Says it is Operating Normally

The Caspian Pipeline Consortium, a group which runs Kazakhstan's crude oil blend to export terminals, continues to operate normally amid the state of emergency.

China Oil Demand to Peak by 2030 - CNPC research

China's oil consumption is expected to keep growing for a decade on robust chemical demand, reaching a peak of about 780 million tonnes per year by 2030, a research institute affiliated with China National Petroleum Corp said.

Japan to Auction Oil From National Reserves

Japan's industry ministry said it will auction more than 600,000 barrels, of crude oil from its national reserve as a part of a U.S.-led coordinated release of oil reserve to cool rising prices.

LNG Cargoes Diverted Toward Europe from Asia as Gas Prices Soar

At least ten cargoes of LNG have recently been diverted from Asia to head west drawn by Europe's record high prices amid supply concerns.

Venture Global to Sell LNG to China National Offshore Oil Corp

Venture Global LNG said it has signed a 20-year deal to sell liquid natural gas to a unit of China National Offshore Oil Corp.

Japan's Osaka Gas Plans to Enter India's City Market

Japan's Osaka Gas Co. said it plans to enter India's city gas market as a part of efforts to expand its overseas businesses to drive profit growth.

ConocoPhillips Offloads Indonesia Assets in Asia-Pacific Revamp

ConocoPhillips will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energi Internasional, and beef up in Australia as it continues to reshape.

Philippines' Malampaya Gas Project Can be Extended for Several Years -Udenna President

The life of the Philippines' Malampaya natural gas field, which had been projected by the government to run dry by 2027, can be extended for several more years, the president of Udenna Corp. said.

Asian LNG Prices Fall as Import Demand from China Muted

Asia LNG prices fell this week as spot demand from China remained muted despite the start of winter and as natural gas supplies from Russia continued to flow steadily to Germany.

ExxonMobil Continues Preparatory Work for Gas Project in Vietnam

ExxonMobil is continuing preparatory work for its Ca Voi Xanh (Blue Whale) gas project in Vietnam, it said, with a final investment decision dependent on factors including regulatory approvals and gas sales deals.

Carbon+Intel: Indonesia Carbon Capture Storage Deal Could Need $500 Million

Deployment of carbon capture storage in Indonesia by American energy giant Exxon Mobil Corp could cost about $500 million, a senior official at Indonesia's state oil firm Pertamina said on Monday.

China's Winter Natural Gas Demand to Rise 10% from Year Earlier

China's demand for natural gas is expected to rise to 180 billion cubic meters (bcm) this winter, up 10% from a year earlier, an official at PetroChina said.

Exxon Calls for Carbon Price, Working on CCS Projects Across Asia

Exxon Mobil Corp is pursuing carbon capture storage hubs across Asia and has started talks with some countries with potential storage options for carbon dioxide, the company's head of low carbon solutions said.

PipeChina Invests $3.8 Billion to Boost Gas Infrastructure Ahead of Winter

China Oil and Gas Pipeline Network, or PipeChina, said it has invested 24.45 billion yuan ($3.8 billion) to expand its gas infrastructure, aiming to add a daily gas supply capacity of 60 million cubic meters by end of this year.

Hungry for Fuel, China Looks to the US, Europe Eyes Relief Plans

China's energy crisis deepened on Friday with coal prices hitting a record high as cold weather sweeps in and soaring gas prices prompting major energy companies to seek long-term deals with U.S. suppliers.

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.