Asia/Pacific

Future Looks Bright for LNG in Post-COVID-19 Era

The onset of COVID-19 caused a decline in gas demand of around 4% with a similar decline in the LNG trade. Most forecasts expect gas demand to recover in 2021 to pre-pandemic levels. But what happens thereafter?

Projects

Open Grid Europe Looks to Operate Gas Pipeline in March   Source: Zeelink Open Grid Europe is testing the recently completed $705 million (600 million euro) Zeelink gas pipeline with plans to make it operational, possibly as early as March 2021.   The 134..

Global News

Missile Attack on Saudi Distribution Plant Has Little Impact   Iran-aligned Houthi forces fired a missile that struck Aramco’s North Jeddah Bulk Plant, authorities said, but Saudi Aramco said its domestic fuel supplies were not affected.    Abdullah al-Ghamdi, manager of the North Jeddah plant, sa..

China’s 2020 Crude Oil Imports Surged 7.3%

Customs data also showed imports of natural gas, including fuel supplied as liquefied natural gas and via pipeline, reached a record 11.23 million tons in December.

China’s Sinopec Plans Record LNG Imports to Battle Cold Snap

Sinopec Corp pledged to maximize domestic gas productions and raise imports of LNG to record rates as a cold spell hitting large parts of the country this week lifts demand for the winter heating fuel.

LNG Prices Reach 6-Year High as Winter Storm Hits Asia

As an early winter chill grips China, South Korea and Japan, prices for LNG and power are rising due to supply crunches and a surge in demand with more cold weather expected.

Uzbekistan to Cut Gas Exports Amid Domestic Shortages

Uzbekistan will cut natural gas exports, which mostly go to China, because of domestic energy shortages, the Central Asian country's energy ministry said on Thursday.

Eni Looking to Sell Assets in Pakistan - Sources

Italian energy group Eni is looking to sell assets in Pakistan as part of moves to refocus its oil and gas portfolio following a strategic re-shake this year, sources close to the matter said.

Why Green Hydrogen is Getting its Day in the Sun

Hydrogen has taken off this year as the future green fuel of choice, with governments and businesses betting big that the universe's most abundant element can help fight climate change.

Trans Adriatic Pipeline Explores Feasibility of Blending Hydrogen

Developers of the Trans Adriatic Pipeline (TAP) have started feasibility studies on blending hydrogen with the natural gas the pipeline will bring in from Azerbaijan, the TAP head said.

China Hits 26% of 2020 Target for U.S. Energy Imports under Trade Deal

China has accelerated imports of crude oil, propane and LNG from the United States since July, but total energy product purchases through October remain far short of targets for 2020 set out in the Phase 1 trade deal with Washington.

China Crude Imports Rise as Backlog Clears

China's November crude oil imports rose from a month earlier as customs continued to clear the backlog, although independent refiners slowed purchases as they reached their import quota limits.

Asia Needs Flexible LNG Deals Not Linked to Oil Prices - India Oil Minister

Asia needs flexible LNG contracts with no links to oil prices to reflect changes to the market as demand recovers from the impact of the coronavirus pandemic, India's oil minister said.

China Launches 685-Mile Section of Natural Gas Pipeline

Operations have started on the middle portion of the China-Russia East natural gas pipeline, allowing natural gas from the Power of Siberia system in Russia to be transmitted to a smog-prone region in northern China.

China Hits 26% of Planned 2020 U.S. Energy Imports

China has accelerated imports of crude oil, propane and LNG from the United States since July, but total energy product purchases through October remain far short of targets set out in the Phase 1 trade deal.

China Bullish on Myanmar’s Gas Reserves, Pipelines

After many years of brokering deals and planning, China has managed to cement its place as the sole buyer of Myanmar’s massive Shwe Gas reserves. A new trans-Burma corridor now aims to secure oil imports from the Middle East and Africa.

Global News

OPEC Predicts Oil Demand to Plateau in Late 2030s World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.  ..

China Oil Imports Probably Weaker than Data Suggests

China's imports of crude oil slipped as expected in October, but while a 12.2% drop appears significant, the actual state of demand was probably even weaker.

Italy's Snam Takes First Steps into India with Hydrogen, Gas Deals

Italian gas group Snam has taken its first steps into India by signing a series of deals involving hydrogen and low-carbon mobility projects, the company said.

Favoring Gas, Philippines Shuts Door on Coal Power Proposals

The Philippines has stopped accepting new proposals for coal-based power projects to encourage investment in other energy sources like natural gas and renewables, the government's energy chief said on Wednesday.

China to Step Up E&P, Pipeline Construction

China said it plans to step up its exploration of oil and gas, and speed up the construction of oil and gas pipelines and storage facilities, according to the official Xinhua News Agency.

New GSPL Pipeline to Boost Gas Transmission Volumes in India

Gas transmission by India's Gujarat State Petronet Ltd will rise by about 25% in the next fiscal year as it links northern regions to an existing grid in the western state, a company official said.

China's Sinopec Completes Qingdao-Nanjing Gas Pipeline Construction

China's Sinopec announced on Tuesday it had completed construction of a natural gas pipeline connecting the Qingdao LNG terminal to Nanjing city in the Jiangsu province.

Explosion at Thai PTT Gas Line Kills Three, Injures 28

A gas pipeline exploded in Thailand on Thursday killing three people and injuring 28.

China Crude Storage Flows Accelerate as Last of Cheap Oil Offloads

China pumped more crude oil into storage in September reversing two months of drawdowns as the world's largest oil importer continued to work through massive purchases made earlier this year when prices plunged.

China on Course for Record LNG Imports as Industries Recover, Expand

China's imports of LNG will likely grow 10% to new highs this year as companies scoop up cheap supplies to cover increasing industrial use and robust residential demand.

Pipeline Rupture at India Gas Plant Sparks Fire, Halts Supply

A fire at an Oil and Natural Gas Corp plant caused by a pipeline rupture has cut gas supplies to customers including power and fertilizer companies, said a person familiar with the matter at gas marketing firm GAIL (India) Ltd.

Pandemic to Trim China's 2020 Gas Demand Growth — Report

Natural gas consumption in China is expected to grow at the slowest rate in five years according to a new report released by Beijing.

PETRONAS Launches Virtual LNG Pipeline System

Malaysian energy firm PETRONAS has launched a virtual LNG pipeline system to deliver natural gas to customers who cannot attach to the pipeline distribution grid.

Death Toll from Bangladesh Gas Explosion Rises to 24

The death toll from a gas pipeline explosion in a mosque outside Bangladesh’s capital rose to 24 on Sunday while authorities were examining how a leakage caused the accident during evening prayers.