Asia/Pacific
QatarEnergy Signs Long-Term LNG Deal with Shell for China Delivery
State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with liquefied natural gas (LNG) for delivery to China.
More U.S. LNG is Needed to Support Asia’s Emissions Reduction Goals, New Study Finds
Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new study by data and analytics company Wood Mackenzie has shown.
China Completes Full Pipeline for Power-of-Siberia Gas
China has built and connected the 5,111-km (3,175-mile) Power-of-Siberia pipeline to deliver gas from Russia's Siberian fields to users as far as the financial hub of Shanghai, Chinese state media reported on Monday.
Global News December 2024
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
Goldman Warns Asia LNG Prices May Surge Due to European Gas Crunch
Goldman Sachs warns that Asia's LNG prices could surge above $20/MMBtu if European gas supply tightens this winter, driven by competition for limited resources and potential Russian flow disruptions.
Kazakhstan Plans Major Oil Export Boost via Turkey, Reducing Russian Reliance
Kazakhstan could sharply increase its crude oil exports out of Turkey's port of Ceyhan, its energy minister said on Monday, in a move that would reduce the more than 80% share of flows it currently sends via Russia.
BP, Partners to Invest $7 Billion in Indonesia's Papua Carbon Capture Project
BP and partners will invest $7 billion in a carbon capture and gas project in Indonesia’s Papua region, potentially unlocking 3 trillion cubic feet of gas. The CO2 sequestration initiative aims to reduce emissions at BP’s Tangguh LNG facility.
Osaka Gas Says U.S. Sanctions on Gazprombank Won't Affect Russian LNG Purchases
Osaka Gas announced that U.S. sanctions on Russia's Gazprombank will not impact its LNG purchases from the Sakhalin 2 project. The Japanese utility clarified it doesn't use Gazprombank for transaction settlements.
Japan's MOL, KEPCO Sign First-Ever Agreement for Liquefied Hydrogen Carrier Study
Japan's Mitsui O.S.K. Lines and Kansai Electric Power Company have signed a memorandum of understanding for the joint study of a liquefied hydrogen carrier, the companies said in a joint statement on Tuesday.
Malaysia Regains Position as China's Second-Largest Crude Oil Supplier
Malaysia regained its position as the second-largest supplier of crude oil to China last month, data showed on Wednesday, with supplies rising 28% on year as independent refiners sought cheaper sanctioned oil amid Middle East supply concerns.
Kazakhstan’s 188-Mile Gas Pipeline to Expand Regional Gasification to 90% Once Completed
(P&GJ) — Kazakhstan’s Taldykorgan-Usharal gas pipeline, launched under the directive of the Head of State, aims to secure a consistent gas supply in a region where gasification currently stands below 50%.
Sinopec, Aramco Begin Construction on $10 Billion Refinery-Petrochemical Plant in China
Sinopec and Saudi Aramco have begun constructing a $10 billion refinery and petrochemical complex in Fujian, China. The project, set to become operational by 2030, highlights growing cooperation between the two energy giants and will significantly boost petrochemical production in the region.
Rubio as Trump’s Secretary of State Could Signal Stricter Oil Sanctions on Iran, Venezuela
President-elect Donald Trump's pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of oil sanctions on Iran and Venezuela, but concerns about retaliation by China could temper any efforts, analysts said on Wednesday.
ADNOC Gas Inks 10-Year LNG Supply Deal with India’s GAIL
ADNOC Gas has secured a long-term agreement with GAIL India Limited to deliver up to 0.52 million metric tonnes per year of liquefied natural gas (LNG) beginning in 2026.
PNOC and Pertamina Partner on LNG, Energy Projects
State-owned firms Philippine National Oil Company (PNOC) and Indonesia's Pertamina have signed a preliminary agreement to develop the liquefied natural gas (LNG) and other energy sources.
China to Receive Reduced Saudi Oil Supply in December as Demand Slows
Saudi Arabia's crude oil exports to China are projected to decline to 36.5 million barrels in December, down from 46 million barrels in October, amid reduced demand from the world’s largest oil importer.
First Renewables Begins Flow of Renewable Gas in New Zealand Pipeline
New Zealand's gas infrastructure reached a significant milestone with the launch of renewable gas flowing through a Firstgas pipeline, marking the country's first-ever use of biogas for residential and commercial users.
Trump Prepares to Withdraw from Paris Climate Agreement, NYT Reports
U.S. President-elect Donald Trump's transition team prepares executive orders to withdraw from the Paris climate agreement, end the LNG export pause, and revoke California's pollution waiver, according to the New York Times.
NuVista Energy to Supply Trafigura with Natural Gas in 13-Year Deal
NuVista Energy has signed a 13-year natural gas offtake agreement with Trafigura, providing the Canadian producer exposure to international LNG market pricing through JKM indexing.
New Fortress Energy Seeks Partners to Boost Liquidity, Financial Flexibility
New Fortress Energy is exploring partnerships for its core businesses to improve liquidity and financial flexibility as it targets growth in Latin American LNG demand.
Saudi Arabia May Cut December Oil Prices for Asia, Sources Say
Saudi Arabia, the world’s top oil exporter, may reduce December oil prices for Asian buyers, reflecting weaker demand and lower benchmark prices. This potential price cut could influence OPEC+ considerations to delay increasing oil production, according to sources.
Global News November 2024
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
Petronas Plans “Aggressive” Expansion With New Hub in Indonesia
Malaysian state energy firm Petronas plans an "aggressive" expansion in Indonesia, which includes creating a hub for its East Java operations and investing in exploration for country's eastern regions.
JPMorgan in Talks to Resume Physical LNG Trading After Decade-Long Hiatus: Report
JPMorgan Chase is in talks to resume trading physical liquefied natural gas (LNG) after more than a decade, Bloomberg News reported on Wednesday, citing people familiar with the matter.
LNG Buyers Push for Flexible Supply Contracts to Adapt to Fluctuating Power Demand
Japan and other top liquefied natural gas (LNG) buyers are calling for more supply flexibility in order to adapt to variable power demand, industry executives said on Tuesday.
India's GAIL Seeks Long-Term LNG Deals to Boost Capacity to 21 Million Tons by 2030
GAIL (India) is seeking long-term import deals for LNG amounting to 5.5 million tons per year, raising its capacity to 21 million tons per year by 2030, finance chief Rakesh Kumar Jain said on Wednesday.
Singapore LNG Inks Deal with Japan's Mitsui OSK for Second LNG Terminal, Set for 2027
Singapore LNG Corp. has agreed to charter from a unit of Japan's Mitsui O.S.K. Lines (MOL) a newly built floating storage and regasification unit (FSRU) as the island nation's second import terminal for LNG.
Qatar Faces U.S. and UAE Rivalry in LNG Sales to Japan, South Korea
Qatar is finding it hard to agree new deals to supply LNG to Japan and South Korea as rising competition from the U.S. and elsewhere with more flexible contract terms challenges Doha's decades-old dominance of the market.
Woodside Open to Supplying Japan with U.S. LNG
Australia's top energy firm Woodside Energy sees an opportunity to beef up LNG sales to Japan, including supply from the United States, where the company just bought Tellurian and its LNG export project, CEO Meg O'Neill said on Monday.
Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
Customs data showed that Malaysia, a key supplier of transshipped oil from sanctioned countries like Iran and Venezuela, shipped 1.49 million barrels per day to China in September, up from 1.77 million bbl/d in August.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
