Asia/Pacific

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.

Putin Optimistic About Progress on Power of Siberia 2 Gas Pipeline to China

Russian President Vladimir Putin told his Mongolian counterpart Ukhnaagiin Khurelsukh on Tuesday that he believed the Power of Siberia 2 pipeline project to bring Russian gas to China via Mongolia would move ahead at a "good pace."

India Wants Saudi Aramco to Develop Strategic Petroleum Reserve as Ties Strengthen

India wants Saudi Arabia's Aramco to participate in its planned 6.5 million metric tons strategic petroleum reserve program as the South Asian nation intends to strengthen ties with its key oil supplier.

UAE's ADNOC Awards $17 Billion of Contracts for Gas Project, Including Subsea Pipelines

Abu Dhabi National Oil Company (ADNOC) said on Thursday it had awarded contracts worth about $16.94 billion for a gas project that aims to operate with net zero carbon dioxide emissions, adding it would be the first in the world to do so.

Global News September 2023

Latest industry developments from around the world!

ADNOC Gas Awards $600 Million Carbon Capture Contract to Petrofac

U.K. oil services firm Petrofac said on Tuesday it got a more than $600 million contract from ADNOC Gas for the Habshan carbon capture and storage (CCS) project, as the Abu Dhabi-based company steps up its decarbonization plan.

Eni Makes Major Gas Discovery in Indonesia

Italian energy group Eni has made a significant gas discovery in Indonesia, opening the door to strengthening its position in the Asian country, where it has been present since 2001 with a portfolio of exploration and production assets.

QatarEnergy, Korea's HHI Sign $3.9 Billion Deal for 17 LNG Carriers

QatarEnergy said on Wednesday it had signed a 14.2 billion riyal ($3.90 billion) deal with HD Hyundai Heavy Industries for the South Korean firm to supply it with 17 LNG carriers.

Petronas, MOL, MISC to Develop Liquefied CO2 Carriers for CCS Projects

(P&GJ) — Petronas CCS Ventures Sdn Bhd has signed an agreement with Mitsui O.S.K Lines, Ltd. (MOL) and MISC Berhad to jointly invest in developing and monetizing Liquefied Carbon Dioxide (LCO2) carriers for Carbon Capture and Storage (CCS) projects in Malaysia.

Japan's Mitsui to Comply with Arctic LNG 2-Related U.S. Sanctions

Japan's Mitsui said on Saturday it is committed to complying with restrictions in the wake of fresh U.S. sanctions related to Russia's Arctic LNG 2 liquefied natural gas project in which it holds a stake.

PipeChina Starts Laying Second Gas Line Linking Sichuan to East Coast

The new line will be built in phases. Under the first stage, PipeChina will lay a 1,576-km (979 miles) western section, including 12 branches, crossing the Chongqing municipality and provinces of Sichuan and Hubei.

Gazprom Delivers Its First LNG Cargo to China Via Arctic

Russian energy giant Gazprom delivered its first cargo of LNG via the Arctic Northern Sea Route to China on Thursday, according to LSEG data, a month after it started the delivery.

Russia Finalizing Power of Siberia-2 Gas Pipeline Route to China, Novak Says

Russia is finalizing the route of the China-bound Power of Siberia-2 gas pipeline, which is intended to traverse Mongolia, Deputy Prime Minister Alexander Novak wrote in the energy ministry's in-house magazine, published on Wednesday.

Ten Workers Killed in Gas Accident in China's Inner Mongolia Region

Ten people were killed, and three others were injured in a gas accident at a workshop in Ordos in China's northern Inner Mongolia region, state broadcaster China Central Television (CCTV) said on Friday, citing local authorities.

Venezuela's Maduro Seeks to Renew Beijing Ties Amid China-West Tensions

Venezuela's President Nicolas Maduro arrived in China on Friday, his first visit in five years, to renew engagement between the two countries as China's ties sour with the West and the South American country seeks fresh financing.

Japan's Inpex Interested in Buying US LNG Linked to Henry Hub Prices, CEO Says

Inpex, Japan's top oil and gas producer, is interested in buying LNG from the United States linked to the Henry Hub prices, CEO Takayuki Ueda told Reuters on Wednesday.

India Seeks More Natural Gas Amid Emergency Measures to End Blackouts

India is seeking additional volumes of natural gas and has asked utilities to expedite the completion of power plant maintenance as part of emergency steps to stop electricity outages, according to Reuters.

Vitol CEO: Bunker Fuel Market to Convert to LNG in Next 10 Years

The global bunker fuel market is expected to convert substantially to LNG over the next 10 years, said Russell Hardy, chief executive of the world's largest independent oil trader, Vitol.

PTT: Thailand Regasification Capacity to Nearly Double by 2030

Thailand's annual gas regasification capacity will nearly double by the end of the decade as LNG imports are set to rise to replace declining domestic production, a senior executive at energy company PTT said on Tuesday.

Black & Veatch Expects Floating LNG Capacity to More Than Quadruple by 2030

U.S.-based engineering and construction group Black & Veatch (B&V) said on Monday it expects global floating LNG capacity to increase more than four-fold to 46.4 million metric tons per annum (MTPA) by 2030, as they have become competitive with fixed terminals for smaller fields.

Japan's Mitsui, Others to Jointly Study Hydrogen, Ammonia Supply Chain in Osaka

Japan's Mitsui & Co., Mitsui Chemicals, IHI Corp. and Kansai Electric Power Co. will conduct a joint study for establishing a hydrogen and ammonia supply chain in the Osaka coastal industrial zone, the companies said.

Gazprom Drives Over Half of China's Gas Import Surge, CEO Says

Alexei Miller, the chief executive of Russian gas giant Gazprom, said on Thursday that the company accounts for more than half the increase in China's gas imports this year, without providing figures.

Japan's Eneos, Osaka Gas Study Building Large E-Methane Facility in Osaka

Japan's top refiner Eneos and city gas supplier Osaka Gas said on Tuesday they have begun a joint study of construction of an e-methane facility with the capacity to produce 60 million cubic meters of the fuel per year.

Global News August 2023

Latest industry developments from around the world!

Germany's August Global Investment Plans to Build Hydrogen Plant in Indonesia

Germany's Augustus Global Investment plans to invest $500 million in Indonesia's Aceh province to build a green hydrogen plant next year, its CEO Fadi Krikor said on Monday.

Gazprom's First LNG Cargo Via Arctic Destined for China's Jingtang

An LNG cargo from Russia's Gazprom being sent via the Northern Sea Route (NSR) for the first time is destined for the Chinese port of Jingtang, Refinitiv ship tracking data shows.