Asia/Pacific
China’s Gas Consumption Growth Rate Expected to Slip in 2019
China’s natural gas consumption growth rate is expected slow to around 10 percent in 2019, from 17.5 percent last year, amid easing economic growth and pressure on the country’s production, storage and gas sales network, a government report showed.
India, Nepal Open South Asia’s First Cross-Border Oil Pipeline
India and Nepal have officially opened South Asia’s first cross-border oil pipeline, a project seen as part of New Delhi’s efforts to increase its influence in the Himalayan nation where China is also making deep inroads.
Mild Winter, Softer Economy Weaken Asian LNG Markets
LNG spot prices in Asia have dropped to seasonal lows on expectations of a mild winter depressing demand for gas for heating. A slowdown in China's coal-to-gas switch amid a weaker economy is also having an impact.
China's West-to-East Pipeline Throughput Hits 25 Bcm/Year
The supply of natural gas from the Tarim oilfield through the West-to-East gas pipeline has increased to 25 Bcf/year, according to the PetroChina Tarim Oilfield Company.
Singapore Committed to Natural Gas Power
Natural gas will continue to play a dominant role in generating electricity in Singapore while the state plans to accelerate the use of renewable energy, primarily solar power, in the next decade to battle climate change, a senior government official said.
One Killed in Fire on Pertamina Pipeline in Indonesia - Fire Official
A Chinese construction worker was killed while working on an Indonesian oil pipeline after a fire broke out.
China's Gas Demand Growth to Slow to 10% This Year: Sinopec
China's natural gas demand is expected to reach 307 Bcm this year, an increase of just 10% from 2018, an official of state-run Sinopec Gas said , as a slowing economy hits consumption.
Global Oil Majors See Surge in Indian Demand for Natural Gas
Global oil and gas majors are looking to India, the world's third biggest oil importer, to buy some of their excess liquefied natural gas (LNG) as the South Asian nation improves its gas infrastructure and strives to reduce emissions.
India Investing $60 Billion on National Gas Grid by 2024
India, one of the world's largest consumers of oil and coal, is investing $60 billion to build a national gas grid and import terminals by 2024 in a bid to cut its carbon emissions, the oil minister said on Sunday.
LNG Investments Hit Record $50 Billion in 2019
Record investments of $50 billion have turned 2019 into a banner year for LNG, with Canada and the United States being the main drivers, the chief of the International Energy Agency (IEA) said.
LNG Ltd to Supply Gas to Vietnam from Louisiana Project
Australia-listed Liquefied Natural Gas Ltd said it has signed a deal with a province in Vietnam to supply LNG from its Louisiana-based Magnolia project.
LNG Tankers Divert to Asia; Floating Storage Rises After Price Spike
At least five laden liquefied natural gas (LNG) tankers changed course from Europe to Asia and a rising number of other tankers were being used as floating storage following a spike in Asian LNG prices in the past week, trade sources said.
India, Nepal open cross border oil pipeline
The leaders of India and Nepal inaugurated South Asia's first cross-country oil pipeline Tuesday, allowing the Himalayan nation of Nepal to receive an uninterrupted supply of oil from its large southern neighbor.
India, Nepal Open South Asia’s First Cross-Border Oil Pipeline
India and Nepal officially opened South Asia's first cross-border oil pipeline on Tuesday, a project seen as part of New Delhi's efforts to increase its influence in the Himalayan nation where China is also making deep inroads.
China's August Crude Imports Rise Amid Fuel Surplus
China's crude oil imports gained about 3% in August from a month earlier, customs data showed on Sunday, buoyed by a recovery in refining margins despite a persistent surplus of oil products and tepid demand.
China’s Gas Consumption Growth Rate Expected to Slip in 2019
China’s natural gas consumption growth rate is expected slow to around 10 percent in 2019, from 17.5 percent last year, amid easing economic growth and pressure on the country’s production, storage and gas sales network, a government report showed.
Papua New Guinea Sticks to $13B Gas Deal with Total
Papua New Guinea said on Tuesday it will honor a $13 billion gas deal that Total SA signed with a previous government to expand gas exports, after securing minor concessions from the French company.
Asia's Imports of U.S. Crude Hit Record, but Pullback Likely: Russell
Columnist Clyde Russell says Asia’s record crude oil imports from the United States in August may be as good as it gets for some time - and not only because of the escalating trade war between Washington and Beijing.
Russian LPG Firm Battles Middle East for Chinese Market
An independent Russian producer has made a foray into China's market for LPG, jostling with Middle Eastern countries for what could be a lucrative foothold, market data showed and traders said.
China's CNPC Suspends Venezuelan Oil Loading Due to U.S. Sanctions: Sources
China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest U.S. sanctions on the South American exporter, three sources with direct knowledge of the matter told Reuters on Monday.
Pipeline Construction, LNG Terminal Start-Up Delayed in India
Indian natural gas company H-Energy will delay the start of its LNG import terminal at Jaigarh until the fourth quarter, company CEO Darshan Hiranandani, told Reuters.
Gazprom Increases Ukraine Transit due to Nord Stream Maintenance
Russian gas giant Gazprom has increased its gas transit via Ukraine to Europe by about a quarter, to 300 million cubic meters per day, gas transport firm Ukrtransgaz said on Wednesday.
China Asks for 'Friendly Consultation' in Malaysia Pipeline Dispute
The Chinese government has expressed hope for a “friendly consultation” with Malaysia to resolve a dispute of the building of two multibillion-dollar gas pipeline projects.
India to Phase Out Gas Distributor Monopolies in 34 Areas
The Indian government will introduce rules in six months that could lead to the phase-out of monopolies controlled by natural gas distribution companies in 34 cities, including New Delhi and Mumbai, allowing consumers to choose a new supplier, a senior regulatory official said.
Malaysia Seized $240 million From Chinese Company Over Unfinished Pipeline Project
Malaysia seized more than $243.5 million from a bank account of state-owned China Petroleum Pipeline Engineering (CPP) over incomplete pipeline projects, Prime Minister Mahathir Mohamad said on Monday.
Hanas Gas Completes 177-Mile Pipeline in N. China
Independent Chinese piped-gas distributor Hanas Gas Group has completed the construction of a 177-mile (285-km) inter-provincial natural gas pipeline in northern China, according to the report posted on a Sinopec website on Thursday
Construction Begins on Middle Section of China-Russia East-Route
Construction of the middle section of the China-Russia east-route natural gas pipeline project, a major energy cooperation project between the two countries, began in Shenyang City of northeast China's Liaoning Province on Thursday.
TechnipFMC Awarded Subsea Contracts for Reliance MJ1 Field in India
TechnipFMC said it has been awarded significant subsea contracts by Reliance Industries for the MJ1 field offshore India. The contracts cover fabrication and installation of flexible risers, rigid and flexible flowlines and umbilicals.
Pipeline Construction, LNG Terminal Start-Up Delayed in India
Indian natural gas company H-Energy Pvt Ltd will delay the start of its liquefied natural gas (LNG) import terminal at Jaigarh to the fourth quarter of 2019, the company's Chief Executive Officer Darshan Hiranandani said on Wednesday.
China to Raise Tariffs on LNG Imports from United States
China said on Monday it would raise tariffs on LNG imports from the United States amid a series of additional levies, a move that could further reduce U.S. LNG shipments to the world's fastest growing importer of the fuel.
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