Asia/Pacific
Equinor Expands LNG Trading, Eyes Europe and Asia Deals, Senior Exec Says
Norwegian energy group Equinor plans to expand its LNG trading business and is in talks with a number of potential buyers in Europe and Southeast Asia, a top official told Reuters.
Global News April 2024
Latest industry developments from around the world!
Mitsui Yet to Decide on ADNOC LNG Project Partnership Despite Nikkei Report
Japan's Mitsui & Co. said on Tuesday nothing has been decided on an LNG project in the United Arab Emirates, after the Nikkei reported it was teaming up with Abu Dhabi National Oil Company (ADNOC) on it.
Saudi Aramco in Talks for 10% Stake in China's Hengli Petrochemical
The potential deal "aligns with Aramco's strategy to expand its downstream presence in key high-value markets, advance its liquids-to-chemicals program, and secure long-term crude oil supply agreements," the company said.
Japan Looks at Developing Domestic Pipelines Sector
(P&GJ) – The government of Japan will create conditions for the development of a domestic pipelines sector in years to come. It will take place through the stimulation of building new gas and other pipelines throughout the country.
Wah Kwong Expands LNG Carrier Fleet Amid Growing Trade Demand
Hong Kong-based shipping company Wah Kwong is finalizing a deal later this month to double the number of LNG carriers that it has ordered to four, as it eyes growing global trade in the superchilled fuel, its chairman said.
TotalEnergies to Acquire Full Ownership of SapuraOMV, Expanding Gas Operations in Malaysia
TotalEnergies has entered into an agreement with Sapura Upstream Assets Sdn Bhd to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn for $530 million.
PetroChina Purchases First Spot LNG Cargo from Papua New Guinea National Oil Firm
PetroChina International has lifted a spot cargo of LNG from the PNG LNG project sold by Papua New Guinea's national oil company, the Chinese state oil and gas trader said on Friday.
Japanese Consortium Invests $370 Million in I Squared Capital's India Gas Platform
A Japanese consortium will invest $370 million to acquire a minority stake in a platform that invests in companies developing city gas distribution networks in India, global infrastructure investor I Squared Capital said on Monday.
CNOOC Stockpiles Russian Oil at New Reserve Base in China
State-run China National Offshore Oil Co., one of the country's top importers of Russian oil, has in recent months been pumping shipments of ESPO blend from Russia's Far East into a newly launched reserve base, according to traders and tanker trackers.
Niger Signs $400 Million Crude Oil Deal with Chinese Firm CNPC
Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp. worth $400 million linked to the sale of crude oil from its Agadem oilfield, Niger state television RTN reported late on Friday.
Chevron Hands Over Stake in Myanmar Gas Field to Junta, PTTEP
U.S. energy company Chevron has quit the Yadana natural gas field in Myanmar, a spokesperson said on Monday, more than two years after it condemned violence and human rights abuses there and announced it would leave.
PetroVietnam Power Secures $300 Million from Citibank, ING for LNG Plants Development
PetroVietnam Power said on Monday it has signed an agreement for a $300 million short-term loan from Citibank and ING to fund its projects to develop Vietnam's first two LNG power plants.
TotalEnergies Delays Final Investment Decision for Papua LNG Project to 2025
French oil and gas giant TotalEnergies on Monday said a planned new LNG project in Papua New Guinea would require 'more work' before a final investment decision could be reached.
Mitsui OSK Starts FSRU Operations for Indonesia Gas-Fired Power Plant
Japan's Mitsui O.S.K. Lines Ltd. (MOL) has started commercial operations of its floating storage and regasification unit (FSRU) to supply LNG to a power plant in West Java, Indonesia, the company said on Friday.
BASF Signs 15-Year Gas Supply Deal with China's ENN
German chemicals giant BASF said on Friday it had agreed to buy natural gas from Chinese gas company ENN Energy Holdings under a 15-year supply contract.
Petronas Partners with JERA to Explore Carbon Capture and Storage Solutions
Malaysian state-run energy firm Petronas said on Tuesday it has signed a joint study agreement with Japanese power generation company JERA to evaluate the feasibility of the carbon capture and storage (CCS) value chain.
Mitsubishi Invests in EIG's LNG Company MidOcean Energy
Japanese trading house Mitsubishi has agreed to invest in MidOcean Energy, an LNG company owned by U.S. investment firm EIG, MidOcean said on Tuesday without giving details of the deal.
GCL Revives Gas Business After Offloading Solar, Sets Sights on LNG Ambitions
Privately-run Chinese power company GCL Holdings is rebuilding a natural gas business after offloading hundreds of solar installations to set up gas import capacity and a trading operation, company executives told Reuters.
QatarEnergy Signs Charter Deals for 25 LNG Vessels with Nakilat
QatarEnergy has entered time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25 conventional-size LNG vessels.
Mitsui Invests $740 Million in Developing Vietnam Gas Field
Japanese trading house Mitsui & Co. said on Friday it has reached a final investment decision to develop Vietnam's Block B gas field, with its share of development cost of about $740 million.
PetroVietnam Gas Signs Deal with QatarEnergy for LNG Purchase
PetroVietnam Gas said on Wednesday it has signed a contract with QatarEnergy to buy 70,000 metric tons of liquefied natural gas for delivery on April 12-13.
Osaka Gas Expects Minimal Impact from Freeport LNG Partial Shutdown
Japan's Osaka Gas expects to see little impact on its balance of supply and demand for LNG from a partial shutdown of U.S. Freeport LNG's facilities, the president of the city gas provider said on Wednesday.
India's GAIL to Commission First Green Hydrogen Project in April, Sources Say
State-run natural gas company GAIL (India) Ltd. plans to commission its first green hydrogen project in central India in April, three company sources said.
Woodside Completes Sale of 10% Scarborough Interest to LNG Japan
Woodside has finalized the sale of a 10% non-operating participating interest in the Scarborough Joint Venture to LJ Scarborough Pty Ltd., also known as LNG Japan.
Concerns Over LNG Pause Overblown
Recently, the United States announced a pause on permits for new LNG export facilities. The move sparked outcry among industry groups in Asia, which quickly declared the move would hurt the region’s energy security and climate goals. However, their concerns are unfounded for five simple reasons.
CEO: Other Nations Will Fill LNG Gap if U.S. Retreats, Baker Hughes Affirms
If the U.S. pulls back from permitting new LNG export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, the CEO of Baker Hughes, the world's largest provider of equipment for the LNG sector, said on Thursday.
U.S. Senators Move to Harden Ban on Selling Reserve Oil to China
Two U.S. senators introduced legislation on Thursday to harden the ban on selling crude oil from the Strategic Petroleum Reserve (SPR) to China.
Chevron, JX Ink Deal to Collaborate on Carbon Capture and Storage Development
The agreement outlines plans to explore the feasibility of exporting carbon dioxide (CO₂) from Japan to CCS projects in Australia and other Asia Pacific countries.
Mitsubishi and Partners to Establish Coalition for Advancing Electric Natural Gas
Mitsubishi Corp. said on Tuesday it will form an international coalition with seven other firms including TotalEnergies and Tokyo Gas to support development and production of electric natural gas (e-NG).
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
