Asia/Pacific
Mubadala Energy Makes Major Gas Discovery in Indonesia’s South Andaman
United Arab Emirates' Mubadala Energy said it discovered a major deep sea gas reserve in Indonesia's South Andaman Block, which analysts said is the world's second-largest deepwater discovery this year.
Beijing Eyes Broader Energy Collaboration with Russia, Discusses Power of Siberia 2 Gas Pipeline
Beijing intends to expand energy cooperation with Russia along all stages of production, and Chinese Ambassador to Russia Zhang Hanhui said that both countries were in active discussions about Russia's planned Power of Siberia 2 gas pipeline.
Looking Back at the Biggest Pipeline Stories of 2023
(P&GJ) – In this final issue of P&GJ for 2023, the staff – with more than a little help from our readers – takes a look back at the sometimes chaotic year in midstream that was 2023.
China's Sinochem Buys Rare Venezuelan Oil Cargo After U.S. Suspends Sanctions
China's Sinochem Corp. has bought a million barrels of Venezuelan crude oil for arrival in December, a rare purchase as the state oil and chemicals group capitalizes on Washington's suspension of sanctions on the South American producer.
QatarEnergy CEO Anticipates Imminent LNG Supply Deals in Asia and Europe
QatarEnergy expects to agree new long-term LNG supply deals in Asia and Europe, with several "imminent", its chief executive told Reuters.
Indonesia's Pertamina Starts Carbon Injection Tests in Sukowati Field
Indonesia state energy firm Pertamina has started an underground carbon injection trial in Sukowati field, the second site the company is testing for carbon capture, utilization and storage (CCUS).
Shell Shortlists CNOOC and Vitol for Singapore Assets Sale
Shell has shortlisted at least four companies including state-run China National Offshore Oil Corp. (CNOOC) and top global energy trader Vitol as bidders for its Singapore refinery assets, sources with knowledge of the matter said.
China Introduces Simplified Regional Pricing System for Natural Gas Transportation
China will simplify freight rates on its natural gas pipeline network by introducing a "one area, one price" system across four broad areas of the country, according to a document released by the state planner on Tuesday.
Global News December 2023
Latest industry developments from around the world!
India Energy Week to Showcase India’s Leadership in the Global Energy Landscape
(P&GJ) — The second edition of India Energy Week (IEW) will be hosted in Goa from February 6th to 9th 2024, by the Federation of Indian Petroleum [FIPI] Industry, under the aegis of Ministry of Petroleum and Natural Gas, Government of India.
Cambodia Scraps Coal Power Project to Build Gas-Fired Plant, Import LNG
Cambodia has abandoned plans to build a $1.5 billion 700 megawatt (MW) coal-fired power project in a protected reserve along the southwestern coast and will build an 800 MW natural-gas fired plant instead, its energy minister told Reuters.
Japan Approves JERA Plan to Keep Surplus LNG in Winter
Japan's industry ministry has approved a plan by the country's top power generator JERA to hold a surplus of LNG in the winter as a strategic reserve in case of supply disruptions, its minister said on Friday.
Indian Oil Plans to Double Ennore LNG Terminal's Capacity
Indian Oil Corp., the country's top refiner, aims to double the capacity of its LNG import terminal at Ennore in southern India, Sandeep Jain, the company's executive director for gas business, said on Friday.
Indonesia Launches First Carbon Storage Project in West Papua
Indonesia's President Joko Widodo on Friday launched construction of a carbon capture, utilization and storage (CCUS) project in West Papua province operated by BP Plc, the country's first carbon storage project.
Tankers Newly Sanctioned by US Supplied Russian Oil to India
Three oil tankers, newly sanctioned by Washington, regularly shipped Sokol crude from Russia's Far East to Indian Oil Corp., the country's top refiner, in recent months, according to ship tracking data from LSEG, Kpler and trade sources.
Japanese Firms, Petronas to Launch CO2 Storage Project by Late 2028
Japanese companies have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy firm Petronas which should start holding its first carbon dioxide (CO2) emissions from end-2028, Japan Petroleum Exploration Co. said on Monday.
Texas Men Convicted in Attempted Sale of Iranian Petroleum, Face 45 Years in Prison
A U.S. jury has convicted two Texas men of trying to sell Iranian petroleum in violation of sanctions imposed by Washington and of conspiracy to commit money laundering, the Justice Department said on Friday.
Japan's Okinawa Electric Plans to Trial Using Hydrogen at Gas-Fired Power Plant
Japan's Okinawa Electric Power plans to start co-firing hydrogen on a trial basis at a commercial gas-fired power plant from March in a bid to reduce carbon dioxide (CO2) emissions, its president said on Friday.
Global News November 2023
Latest industry developments from around the world!
Serbia Signs Gas Supply Deal with Azerbaijan
Serbia signed a deal with Azerbaijan to purchase 400 million cubic meters of natural gas per year from 2024, Azerbaijan's energy ministry said on Tuesday.
Sinopec Signs New 27-Year LNG Supply Deal with QatarEnergy
Under the agreement, the two companies will cooperate on the second phase of the Gulf Arab state's North Field expansion project, which will supply 3 million metric tons of LNG per year to Sinopec.
Cheniere Inks 20-Year LNG Supply Deal with China’s Foran Energy Group
(P&GJ) — Under the deal, Foran has agreed to purchase approximately 0.9 million tonnes per annum (MTPA) of LNG for 20 years from Cheniere Energy.
Shell to Sell Pakistan Unit to Saudi Firm
Shell Pakistan's operations include more than 600 mobility sites, 10 fuel terminals, a lubricant oil blending plant and a 26% shareholding in Pak-Arab Pipeline Company Limited.
Industry Insiders See Major Risks Associated With Potential Russia-China Natural Gas Pipeline
Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in Europe, but industry insiders see major risks around the project and question whether it will justify the huge costs.
Construction of Mongolian Part of Russian Gas Pipeline to China May Start in Early 2024
Construction of the Mongolian portion of Russia's planned new Power of Siberia-2 gas pipeline to China may start in the first quarter or first half of 2024, TASS news agency quoted Russian Deputy Prime Minister Viktoria Abramchenko as saying on Tuesday.
Singapore LNG to Develop Country's Second LNG Terminal
Singapore LNG Corp. (SLNG) will develop and operate the country's second LNG terminal, with gas supply capacity of up to 5 million tons a year, it said on Tuesday.
Russia’s Gazprom Working on Infrastructure Design for Far Eastern Gas Pipeline to China
Russian energy giant Gazprom said on Thursday that it was working on the design of infrastructure for a gas pipeline from the Sakhalin region in Russia's Far East to China.
Global News October 2023
Latest industry developments from around the world!
China's CNOOC, French Energy Firm Engie Complete Yuan-Settled LNG Trade
Chinese national oil company CNOOC and French energy company Engie have completed a yuan-settled LNG trade through the Shanghai Petroleum and Natural Gas Exchange.
ADNOC Gas Signs LNG Supply Deal with Japan's JERA
Abu Dhabi's ADNOC Gas and Japan's JERA Global Markets signed a two-year LNG agreement valued between $500-700 million, the companies said on Wednesday.
- 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
