Asia/Pacific

Mexico Pacific Signs 20-Year LNG Supply Deal with China's Zhejiang Energy

Mexico Pacific Ltd. has struck a 20-year deal to sell 1 million tons of LNG a year from its Saguaro Energia export plant in Sonora state to China's Zhejiang Energy, it said on Wednesday.

Trans Mountain Pipeline Expansion Likely to Send More Canadian Oil to US, Not Asia

The Trans Mountain pipeline expansion (TMX) was meant to unlock Asian markets for Canadian oil, but analysts and traders said those barrels now will probably land on the U.S. West Coast as Asia gobbles up Russian oil that is cheaper due to sanctions from Western countries after Moscow's invasion of Ukraine.

Nigeria’s 384-Mile AKK Gas Pipeline Now 70% Complete

(P&GJ) — Nigeria has completed 70% of its 384-mile AKK gas pipeline; Kinder Morgan has launched a binding open season for the expansion of its SFPP pipeline; Sinopec has announced plans to build a 259-mile hydrogen pipeline in Mongolia; Peninsula Pipeline has finished its natural gas expansion project in Florida; and more in the latest issue of P&GJ's Project Update.

Sinopec's First Green Hydrogen Plant Starts Production in Xinjiang

Sinopec's first green hydrogen facility has the capacity to produce 20,000 metric tons of hydrogen a year, using solar power to electrolyze water, the company said in a statement.

Beijing Holds All Cards in Russia’s Eastern Energy Pivot

(P&GJ) — Russia is looking to build on its energy ties with China, a key buyer of its gas. But Beijing’s position of power in the relationship may mean the sanctioned producer is in no rush to complete new projects, especially the much-discussed Power of Siberia 2 pipeline.

Cheniere Signs LNG Supply Deal with China's ENN

Cheniere Energy said on Monday it will supply 1.8 million tonnes of LNG per annum to China's ENN Natural Gas for over 20 years.

Pakistan Seeks Spot LNG Cargoes, Inks Supply Deal with Azerbaijan

Pakistan has issued two tenders seeking spot LNG cargoes for the first time in nearly a year on Tuesday while also announcing a deal that will see Azerbaijan provide the country with one LNG cargo per month.

Beijing Gas to Start Regasification Terminal in October, Secures Term Contracts

The new terminal, located in Tianjin and connected with the Chinese capital Beijing via a 300-km (186-mile) pipeline, can handle 5 million tonnes of LNG annually.

First Discounted Russian Crude Oil Cargo Arrives in Karachi

Pakistan's Prime Minister Shehbaz Sharif on Sunday said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi.

Japan to Invest $107 Billion in Hydrogen Supply Over 15 Years

Japan plans to invest $107.5 billion over the next 15 years to supply the country with hydrogen, the government said on Tuesday, as it accelerates efforts to use the gas to shift to a low-carbon economy.

Pembina Pipeline, Marubeni to Partner on Low-Carbon Ammonia Export Project

(P&GJ) — Initial feasibility studies have been completed and the facility has an anticipated design capacity of up to 185 kilotonnes per annum of low-carbon hydrogen production, which will be converted into approximately one million tonnes per year of low-carbon ammonia.

Source: QatarEnergy to Sign Long-Term Asian LNG Supply Deal on Thursday

QatarEnergy will sign a long-term LNG supply deal with an Asian entity on Thursday, a source with direct knowledge of the matter told Reuters.

As Gas Reserves Wane, Philippines Faces Rising Costs in Switch to LNG

With just four years before the Philippines' only gas field is set to run dry, the country has started importing LNG, creating a fresh headache for a government struggling to curb high inflation.

PetroChina, BP Awarded 20-Year Access to Europe's Gate LNG Terminal

PetroChina International and energy giant BP have won a tender that will allow each to handle 2 billion cubic meters of gas annually for 20 years at Rotterdam's Gate terminal, the Chinese state firm's first long-term access to a European gas terminal.

U.S. State Department Warns China Could Hack Infrastructure, Including Pipelines

The U.S. State Department warned that China could launch cyber attacks against critical infrastructure, including oil and gas pipelines after researchers discovered a Chinese hacking group had been spying on such networks.

PetroVietnam Gas Signs Deal for First LNG Cargo from Shell Eastern Trading

PetroVietnam Gas said on Tuesday it had signed a contract to buy Vietnam's first LNG cargo from Singapore-based Shell Eastern Trading.

Philippines' First Gen Seeks One LNG Cargo for FSRU Commissioning in September

The company expects to commission its floating storage and regasification unit (FSRU) in Batangas province, about 92 km (57 miles) south of capital Manila, in September, and is looking for an initial LNG cargo of 160,000 cubic meters, said chief commercial officer Jonathan Charles Russell.

Cheniere Inks 19-Year LNG Supply Deal with Korea Southern Power

(P&GJ) — Under the agreement, Korea Southern Power has agreed to purchase approximately 0.4 MTPA of LNG from Cheniere on a delivered ex-ship basis from 2027 through 2046, with a smaller annual quantity to be delivered starting in 2024.

Kazakhstan, Russia Map Out Gas Pipeline to China

The pipeline would help Russia, hit by Western sanctions over its invasion of Ukraine, boost sales of its energy and commodities in Asia while also ensuring that Kazakhstan secures supplies for its central, northern and eastern regions.

Philippines' Marcos Signs 15-Year Malampaya Gas Contract Renewal

Philippine President Ferdinand Marcos Jr. on Monday signed an agreement extending the production contract for the country's Malampaya natural gas block by 15 years and allowing the operator to drill new wells as it seeks to boost output.

Sources: GAIL Plans $4.9 Billion Ethane Cracker in West India

GAIL (India) Ltd., the country's top gas supplier, plans to build a 400-billion rupee ($4.89 billion) ethane cracker near its LNG import plant in Western India, two sources with direct knowledge of the matter said, as it seeks to meet an expected surge in demand.

PetroVietnam Gas Gets Country's First LNG Import-Export Approval

PetroVietnam Gas said on Monday it had received a certificate from local authorities to become the country's first company eligible to import and export LNG.

Timor Gap CEO Expects Great Sunrise Gas Project Decision by November

The head of East Timor's national oil company said he expects a decision by November on whether to pipe natural gas from its offshore Greater Sunrise project to the Southeast Asia island or to Australia for liquefaction and export.

Global News May 2023

Latest industry developments.

US Venture Global Signs 20-Year LNG Supply Deal with Japan's JERA

U.S. company Venture Global LNG announced a deal to supply LNG to Japan's JERA for 20 years, where it agreed to sell 1 MTPA of LNG to JERA, Japan's biggest power generator and one of the world's biggest LNG buyers, from its CP2 LNG project.

Russia Looks to Companies Beyond Gazprom to Supply Gas to China

Russia is considering supplying natural gas to China by a 2,600-km (1,620-mile) pipeline from companies other than Kremlin-controlled Gazprom, which currently has the monopoly for Russian pipeline gas exports, an Energy Ministry official said on Tuesday.

Mitsubishi Power Starts Natural Gas Turbine Operation in Rayong, Thailand

This natural gas turbine is the fifth of its kind of a total of eight to be delivered under a full turnkey 5,300-megawatt contract secured by Mitsubishi Power in 2018, it said in a statement on Wednesday.

Regas Ship Arrives for Hong Kong's First LNG Import Terminal

The world's largest floating storage and regasification unit (FSRU) has arrived in Hong Kong to serve the city's first LNG import terminal, said CLP Power Hong Kong Ltd. and Hong Kong Electric Co. Ltd.

Malaysia's Petronas to Restart Gas Pipeline Operations by Q1 2024

Malaysia's national oil company Petroliam Nasional Berhad aims to restart a gas pipeline currently under force majeure by the first quarter of 2024, a senior company executive said on Wednesday.

China's Sinopec to Take Stake in Qatar's North Field LNG Project

The state-owned Chinese gas giant will take a 5% stake in the equivalent of one North Field East LNG train with capacity of 8 million tonnes per year, a QatarEnergy statement said.