Asia/Pacific
Oil Prices Fall After Additional US Crude Reserve Release Announced
Oil prices fell in early Asian trade on Tuesday after the U.S. government said it will release 26 million barrels of crude from its Strategic Petroleum Reserve. Last year, U.S. President Joe Biden's administration sold a record 180 million barrels from the reserve.
China's CNPC Set to Seal Mega Qatari LNG Deal
China National Petroleum Corp. (CNPC) is close to finalizing a deal to buy LNG from QatarEnergy over nearly 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of the matter said.
Indonesia Approves Revised Development Plan for Kasuri Gas Project
Indonesia has approved a revised development plan by Malaysia's Genting Oil & Gas for the first phase of its gas project in West Papua following changes in production estimates, the energy ministry said in a statement on Wednesday.
Oman LNG Agrees to Supply China's Unipec with 1 Million Tonnes of LNG Per Year
Oman LNG has agreed to supply China's Unipec with around 1 million metric tonnes of LNG per year for four years starting in 2025, state news agency ONA said on Tuesday. Unipec is the trading arm of Asia's largest refiner, Sinopec.
Philippine Malampaya Gas Field Operator Seeks 15-Year Contract Extension
Prime Infra Holdings Inc., the new operator of the Philippines' Malampaya natural gas field, is seeking a 15-year extension of the project contract to be able to explore for additional supply around the reservoir, its chief executive said on Wednesday.
India's Petronet Seeks More LNG Under Long-Term Qatar Deal
Petronet LNG, India's top gas importer, will seek up to 1 MTPA in additional LNG supplies when it renews its long-term deal with Qatar, the company's CEO said on Tuesday. Petronet, which is currently purchasing LNG from Qatar at $16 per million British thermal unit, has until the end of this year to renew its deal.
IEA: China's Oil Demand Bounce May Push Producers to Reconsider Output
Oil producers may have to reconsider their output policies following a demand recovery in China, the world's second-largest oil consumer, the International Energy Agency's Executive Director Fatih Birol said on Sunday.
Russia's Novatek, India's GAIL Poised to Seal Gas Sales Deal
Russia's largest LNG producer, Novatek, is close to a deal to supply gas to GAIL (India) Ltd. as it seeks alternative markets to Europe, three industry sources said. The companies are negotiating the terms of a contract and could seal an agreement within a week, the sources said, adding volumes would depend on logistics, such as shipping and insurance.
Russian Gas Supply Hit Pushes India's GAIL to Scout for Long-Term LNG
GAIL (India) Ltd. is scouting for long-term gas import deals and hopes to sign one contract shortly to make up for disrupted supplies from a former unit of Russian energy giant Gazprom, its head of finance said on Monday.
Philippines Greenlights Seventh LNG Project, Gears Up for Gas Imports
The Philippines' Department of Energy said on Friday it has approved a $67-million LNG import terminal project, the country's seventh such facility, as it gears up for the launch of its liquefied natural gas industry this year.
Chinese Oil Major CNOOC Wins Ruling Against Canada's Pembina Pipeline
Canada's Pembina Pipeline Corp. unjustly discriminated against Chinese oil major CNOOC Ltd. by refusing access to storage facilities in Edmonton, Alberta, the Canada Energy Regulator has ruled. The Edmonton terminal is part of the TransMountain pipeline system and is fed by 20 feeder pipelines coming from different parts of Alberta.
Indonesia Approves Revised $3.35 Billion Plan for Eni's Merakes Gas Fields
Indonesia has approved a revised plan of development for its Merakes and Merakes East gas fields with a total investment of $3.35 billion, its upstream oil and gas regulator said on Tuesday.
China's CNOOC Targets Record Oil, Gas Output in 2023
China's CNOOC Ltd. has raised its 2023 production target by around 8% to a record 650 million to 660 million barrels of oil equivalent, it said on Wednesday.
Global Pipeline Construction Outlook 2023
(P&GJ) — Seldom has a new year arrived with the degree of supply and demand uncertainty facing global energy markets at the start of 2023. Pipeline & Gas Journal's annual survey of global construction activity reflects a renewed emphasis on energy security after Russia's invasion of Ukraine.
Japan Insurers to Maintain Cover for LNG Vessels in Russian Waters
Japanese insurers are expected to maintain marine war insurance, which covers the sinking and requisition of ships due to war in Russian waters for at least three months for LNG vessels, industry sources said on Friday.
Putin Says Russia Now One of China's Leading Oil and Gas Suppliers
Russian President Vladimir Putin said on Friday that Russia had become one of China's leading suppliers of oil and gas, with 13.8 billion cubic meters of gas shipped to China via the Power of Siberia pipeline in the first 11 months of 2022.
China Starts Up Crude Oil Pipeline Linked to Mega Private Refiner
A major crude oil pipeline connecting a storage farm in east China's Zhoushan of Zhejiang province to mega private refiner Zhejiang Petrochemical Corp. started pumping oil for the first time on Wednesday, local state media reported.
Putin Oversees Launch of Siberian Gas Field Feeding Pipeline to China
The Kovykta gas field will feed into the Power of Siberia pipeline carrying Russian gas to China. With recoverable reserves of 1.8 trillion cubic meters, it is the largest in eastern Russia.
Putin Plans to Increase Gas Sales to China
President Vladimir Putin said on Thursday that Russia would increase gas supplies to "the East", particularly China, and set prices for sales to Europe using an electronic platform.
India to Receive First LNG Cargo from Indonesia's Tangguh LNG
India will receive its first cargo from Indonesia's Tangguh LNG plant at the Dahej terminal on Monday, according to a Refinitiv analyst and Refinitiv ship tracking data.
Qatar Signs 27-Year Deal with China as LNG Competition Heats Up
QatarEnergy has signed a 27-year deal to supply China's Sinopec with LNG, the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals.
One Killed, Two Injured in Petronas-operated Pipeline Explosion in Malaysia
Malaysian state energy company Petronas reported a fire at the Sabah-Sarawak Gas Pipeline near Lawas on Wednesday afternoon, which the Borneo Post online said led to an explosion that killed one person and injured two others.
US Allows Transactions to Free Sanctioned Oil Tanker Stranded in Indonesia
The Indonesian navy has been trying to free the Djibouti-registered ship, Young Yong, which ran aground off Indonesia's Riau Islands on Oct. 26 near a gas pipeline.
Uganda Says First Oil in April 2025, Eyes China for Pipeline Funding
Uganda aims to start commercially pumping its oil reserves in April 2025, with China being considered as a potential source of funds to develop an export pipeline, Uganda's energy minister said on Tuesday.
Japan Asks Malaysia's Petronas to Help Customers after LNG Disruption
Japanese industry minister Yasutoshi Nishimura has asked Petronas CEO Tengku Taufik to continue efforts to mitigate the impact on Japanese customers of its LNG after a disruption at Malaysia LNG.
Indonesia Expects New Gas Supply Deal with Singapore
Indonesia expects to sign a new long-term contract next week to supply Singapore with piped natural gas via the Grissik-Batam-Singapore Pipeline, its energy minister said.
China's Oil Imports Fall as Pipeline Gas, LNG Rebound
China's crude oil imports in September were 2% below their level a year earlier as independent refiners curbed throughput amid thin margins and lackluster demand, but natural gas imports bounced back.
China Halts LNG Sales to Foreign Buyers to Ensure Own Supply
China has asked its state-owned gas importers to stop reselling LNG to buyers in Europe and Asia as it seeks to ensure its own supply for the winter season, Bloomberg News reported on Monday.
Mubadala Energy Makes Significant Gas Discovery Offshore Malaysia
(P&GJ) — Mubadala Energy, the Abu Dhabi headquartered international energy company, has confirmed the discovery of a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320 offshore Malaysia.
Explainer: Does China Need More Russian Gas via the Power-of-Siberia 2 Pipeline?
Russian President Vladimir Putin held a meeting with his counterparts from China and Mongolia on Thursday, where they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia.
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- FERC Approves TC Energy's 1,377-Mile West Coast Pipeline Expansion
- Kinder Morgan to Buy NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion
- Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
- Navigator CO2 Ventures Seeks Pause in Iowa Permit Process for 1,300-Mile Carbon Pipeline
- 416-Mile Coastal GasLink Pipeline Project 98% Complete
- UAE's ADNOC Awards $17 Billion of Contracts for Gas Project, Including Subsea Pipelines
- HVO: Fuel for the Future
- Analysis: Canada May Struggle to Recoup $26 Billion Cost of Trans Mountain Pipeline
