Asia/Pacific

Total Announces Suspension of MGTC Cash Distributions

France’s Total distributed millions of dollars to a shareholder run by Myanmar’s military through gas sales linked to a pipeline, French newspaper Le Monde reported.

Shell Exits Philippine Gas Field in $460 Million Deal

Aside from gas reserves, Malampaya's assets include undersea pipelines and other facilities that could be tapped by future sellers and users of imported LNG.

Total and Papua New Guinea Government Remobilizing, Planning Papua LNG Project

France-based oil company Total and the government of Papa New Guinea announced the remobilization of the Papua LNG project after a year of delay caused by the Covid-19 pandemic.

LNG Cargoes Diverted from India as COVID Crisis Dampens Demand

LNG cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday.

Indonesia to Stop LPG and Fuel Imports by 2030

Indonesia will stop both liquefied petroleum gas and fuel imports by 2030 and plans big changes to its energy infrastructure to meet that target, a top energy official said.

Neptune Energy Producing Natural Gas from Merakes Project in Indonesia

Neptune Energy announced that the operator, Eni, said production has started from its Merakes development in the East Sepinggan block offshore Indonesia.

Malaysia's Petronas Exports LNG in ISO Tanks to China

Malaysia's Petroliam Nasional Bhd said on Monday that it has started exports of LNG in ISO tanks to China from its filling facility in Pengerang in the southern state of Johor.

Chevron Lobbies U.S. Officials on Myanmar as Sanctions Pressure Rises

U.S. oil giant Chevron Corp lobbied lawmakers and government officials to protect its energy interests in Myanmar during the first quarter, as the administration of President Joe Biden comes under pressure to impose sanctions against the south Asian country’s military junta.

PipeChina's Cost-Sharing Plan Reduces Importer Interest for LNG Terminal Slots

Most companies shortlisted for PipeChina's LNG import terminal slots are backing off from a deal as new terms proposed by the gas pipeline operator threaten to jack up costs, trade sources said.

Med Red Land Bridge Inaugurates Operations Through EAPC Pipeline Network

The crude carrier contracted with Med-Red Land Bridge Company represents the first tanker to utilize the recently recommissioned 242 km (150 mi) pipeline owned by Europe Asia Pipeline Company.

Asian LNG Spot Prices Rise as China Replenishes Inventories

Asian spot prices for LNG rose this week as China, Japan and South Korea sought supply in an early move to stock up for winter, industry sources said.

China's 2021 Fuel Exports to Surge 32% as Refining Capacity Swells

Gas imports are forecasted to rise 12.5% to 158.5 bcm this year, with pipeline gas at 55 bcm and LNG at 103.5 bcm.

Feasibility Analysis for Gazprom’s Soyuz Vostok Gas Pipeline Project Approved

The feasibility analysis regarding the construction project for the Soyuz Vostok gas trunkline was approved Monday, Gazprom announced.

U.S. LNG Export Bonanza Reshapes Energy Map in Asia

U.S. exports of LNG to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialized region recovers from the COVID-19 pandemic, Eikon trade data shows.

Perspective: U.S. Gas Industry Increasingly Relies on LNG Exports

U.S. gas producers have become increasingly reliant on LNG exports to Europe and Asia to absorb their growing output and prevent domestic prices from plunging as a result of oversupply.

Suez Canal Steps Up Efforts to Remove Blockage as Shipping Rates Surge, Tankers Diverted

The Suez Canal stepped up efforts on Friday to free a giant stuck container ship and end a blockage that has sent shipping rates for fuel tankers soaring and disrupted global supply chains for everything from grains to baby clothes.

Singapore Appoints Two More Term LNG Importers

Singapore's Energy Market Authority has appointed ExxonMobil LNG Asia Pacific and Sembcorp Fuels (Singapore) as term liquefied natural gas importers for the city state, increasing the number of players to four.

Thai Energy Firm PTTEP Expanding Midstream Investments

Thai oil and gas giant PTT Exploration and Production Pcl on Tuesday said it plans to expand midstream investments to have new businesses account for 20% of its profits by 2030, with a focus on gas-to-power.

Perspective: China’s Gas Conundrum – Cleaner Air but Growing Security Risk

China has made significant progress building a gas distribution network to supply residents in major urban centers, helping provide cleaner and more convenient energy for heating and cooking while reducing air pollution.

NDT Global Conducting Baseline Inspection for Trans Adriatic Pipeline

NDT Global, a leading supplier of ultrasonic inline inspection, acoustic resonance technology, and advanced data analytics, announced it was awarded the contract to complete a baseline inspection survey for Trans Adriatic Pipeline AG, headquartered in Baar, Switzerland.

Reusing Gas Infrastructure for Hydrogen Transportation

The EU’s “Hydrogen Strategy for a Climate-Neutral Europe” of July 2020 is only the latest in a series of programs designed to foster the use of hydrogen to decarbonize and integrate the energy system.

Asian LNG Prices Fall on Lower Heating Demand

Asian liquefied natural gas (LNG) prices fell this week, with less demand for heating in the region and expectations that exports out of the United States will normalize after the Texas storm.

ADNOC Natgas Pipeline Investors Galaxy Raise $3.92 billion via Bonds

Galaxy Pipeline Assets BidCo, owned by a consortium of investors that took a stake in Abu Dhabi National Oil Company's (ADNOC) natural gas pipeline assets, launched $3.92 billion in a dual-tranche amortizing bond offering on Tuesday, a document showed.

Pipelines at Heart of Bangladesh’s $453 Million Gas Project

Bangladesh’s government has undertaken an expensive gas infrastructure project with two goals: efficiency in gas production is to be improved and gas transmission pipeline capacity is to be extended.

Future Looks Bright for LNG in Post-COVID-19 Era

The onset of COVID-19 caused a decline in gas demand of around 4% with a similar decline in the LNG trade. Most forecasts expect gas demand to recover in 2021 to pre-pandemic levels. But what happens thereafter?

Projects

Open Grid Europe Looks to Operate Gas Pipeline in March   Source: Zeelink Open Grid Europe is testing the recently completed $705 million (600 million euro) Zeelink gas pipeline with plans to make it operational, possibly as early as March 2021.   The 134..

Global News

Missile Attack on Saudi Distribution Plant Has Little Impact   Iran-aligned Houthi forces fired a missile that struck Aramco’s North Jeddah Bulk Plant, authorities said, but Saudi Aramco said its domestic fuel supplies were not affected.    Abdullah al-Ghamdi, manager of the North Jeddah plant, sa..

China’s 2020 Crude Oil Imports Surged 7.3%

Customs data also showed imports of natural gas, including fuel supplied as liquefied natural gas and via pipeline, reached a record 11.23 million tons in December.

China’s Sinopec Plans Record LNG Imports to Battle Cold Snap

Sinopec Corp pledged to maximize domestic gas productions and raise imports of LNG to record rates as a cold spell hitting large parts of the country this week lifts demand for the winter heating fuel.

LNG Prices Reach 6-Year High as Winter Storm Hits Asia

As an early winter chill grips China, South Korea and Japan, prices for LNG and power are rising due to supply crunches and a surge in demand with more cold weather expected.