Asia/Pacific
China Overtakes U.S. as Leading Buyer of Crude on Trans Mountain Pipeline
China has overtaken the U.S. as the top buyer of Canadian crude shipped through the Trans Mountain pipeline, as trade tensions and sanctions reshape global oil flows and increase Asia-bound exports from Alberta.
Wood Mackenzie Warns of Gas Turbine Supply Constraints Through 2040
Wood Mackenzie expects new gas-fired generation projects of around 890 gigawatt (GW) capacity to be added globally between 2025 and 2040, with the U.S. and China leading at 47% annual additions during the same period.
Saudi Crude Flows to China Expected to Stay High in June
Saudi Arabia is set to maintain oil exports to China at a one-year high in June, with 48 million barrels allocated amid increased OPEC+ output and strong demand from Chinese refiners.
Japan’s Eneos Boosts LNG, SAF Investments While Scaling Back Hydrogen Plans
Japan’s Eneos plans to invest $10.7 billion under a new three-year strategy, prioritizing LNG and sustainable aviation fuel while pulling back on hydrogen and ammonia targets.
Exxon to Supply Marubeni with Low-Carbon Ammonia from Baytown Hydrogen Project
Exxon Mobil signed its first customer agreement for its planned Baytown hydrogen facility, agreeing to supply Marubeni with 250,000 metric tons of low-carbon ammonia annually. The deal is contingent on a final investment decision expected in 2025.
China’s April Crude Imports Rise 7.5% on Iran, Russia Supply Surge
China imported 11.69 million bpd of crude oil in April, up 7.5% year-over-year, led by strong deliveries from Iran and Russia. Stockpiling during refinery maintenance and discounted sanctioned barrels supported the increase.
Russia, China in Talks on Power of Siberia 2 Pipeline Agreement
Russia and China are advancing talks on the proposed Power of Siberia 2 gas pipeline, which would deliver 50 bcm of Russian gas annually via Mongolia. A deal remains under negotiation, Russian officials said.
U.S. NGL Exports Hit Record High Despite China Trade Disruption
U.S. exports of natural gas liquids hit a record high in April despite reduced shipments to China, as global buyers including India and Brazil boosted imports amid shifting trade flows.
Global Energy Exports Slide as Trade Risks Weigh on Oil and Fuel Demand
Global oil, LNG and fuel exports slowed in early 2025 as rising trade tensions and tariffs disrupt flows, pressuring demand across major import markets and raising risks for energy exporters.
Saudi Arabia Can Control Oil Supply, But Demand May Be Its Achilles’ Heel
Saudi Arabia is flexing its oil supply control, but weakening global demand could undermine its strategy and pose challenges.
Bukit Asam Advances $3.1 Billion Coal-to-Synthetic Gas Project in Indonesia
Indonesia’s Bukit Asam plans a $3.1 billion plant to convert low-grade coal into synthetic natural gas, aiming to boost domestic gas supply and compete with LNG imports.
Arbitrage Reopens: U.S. LNG Diverted from Europe to Asia in Global Market Shift
Several U.S. LNG cargoes originally bound for Europe have been redirected to Asia as a reopened arbitrage window and falling European prices shift global trade flows. Analysts say the move highlights growing competition between Atlantic and Pacific markets heading into summer.
QatarEnergy Nears Long-Term LNG Supply Deal with Japan
QatarEnergy is in advanced discussions with Japanese buyers including JERA and Mitsui for a long-term LNG supply deal from its North Field expansion project, aiming to secure its dominance in the key Asian market.
Indian Oil Inks $1.4 Billion LNG Supply Deal with Trafigura
Indian Oil Corp. has signed a five-year LNG import deal with Trafigura worth up to $1.4 billion, with supplies starting in the second half of 2025 and pricing linked to the U.S. Henry Hub.
HYCO1, Malaysia LNG Team Up for Major CO₂ Utilization Project in Sarawak
HYCO1 and Malaysia LNG sign a memorandum to develop a major carbon capture and utilization project in Sarawak, using breakthrough technology to turn CO₂ into valuable chemical and fuel products by 2029.
U.S. to Host Alaska LNG Summit, Urges Asian Support for $44 Billion Project
The U.S. plans to host an Alaska LNG summit in early June, seeking support from Japan and South Korea for the $44 billion export project. The meeting aims to advance commitments amid rising Asian demand for natural gas.
Kazakhstan Poised to Become Key Central Asia Gas Hub, Eyes Pipeline Growth
Kenges Rakishev highlighted Kazakhstan’s vast gas reserves and strategic position at the Energy Trends forum in Astana, proposing a new gas company to meet rising global demand and calling for infrastructure investment to unlock export potential.
Aemetis Secures $31 Million in Biodiesel Orders for India’s Blending Push
Aemetis' Universal Biofuels secures $31 million in biodiesel orders from Indian Oil Marketing Companies, supporting the country’s push toward a 5% biodiesel blend by 2030.
JERA, Saibu Gas to Share Expanded LNG Terminal in Japan
JERA and Saibu Gas will collaborate on the use of an expanded LNG terminal in Japan's Hibiki port, allowing shared access to a new storage tank and boosting global LNG operations.
U.S.-China Trade War Reshapes Global LPG Flows, Pressures Prices
China is shifting away from U.S. LPG imports due to new tariffs, boosting demand for Middle East supply and altering global liquefied petroleum gas trade routes. The disruption is expected to affect prices, inventories, and global petrochemical markets.
China’s ENN Inks 15-Year LNG Deal with ADNOC; Zhenhua Signs 5-Year Pact
China’s ENN Natural Gas and Zhenhua Oil have signed long-term LNG supply agreements with ADNOC, marking a key expansion of LNG trade between the UAE and China. ENN will receive 1 million metric tons annually for 15 years, while Zhenhua agreed to a 5-year deal starting in 2026.
Petronas Faces Production Issues at Bintulu LNG Complex, Sources Say
Petronas is experiencing production issues at its Bintulu LNG complex in Malaysia, sources say, citing boiler problems. Supply to offtakers is not expected to be affected.
India Considers Dropping Tariffs on U.S. Ethane, LPG in Trade Talks
India is considering removing import duties on U.S. ethane and LPG as part of ongoing trade talks with Washington aimed at reducing its trade surplus and tariff burden, sources say.
Petronas Secures Extra Gas Supply to Offset Pipeline Fire Disruptions
Malaysian oil and gas giant Petroliam Nasional said on April 16 it has secured additional gas supplies to minimize supply disruptions caused by the huge fire at the Putra Heights pipeline earlier this month.
GAIL Nears Completion of 2,054-Mile Urja Ganga Pipeline Project
GAIL has completed over 97.6% of the 2,054-mile Pradhan Mantri Urja Ganga pipeline, with commercial gas transport underway across most of the route and full completion targeted for December 2025.
Pakistan Considers Buying U.S. Oil to Ease Trade Pressure
Pakistan is considering importing U.S. crude oil for the first time as part of a strategy to reduce trade imbalances and ease tariff pressure from the United States, according to sources familiar with the proposal.
Chinese Oil Storage Site Sanctioned by U.S. for Ties to Iran Crude Pipeline
The U.S. sanctioned a Chinese oil terminal connected to an undersea pipeline carrying Iranian crude, days before nuclear talks with Tehran. The move targets midstream infrastructure linked to Iran’s sanctioned oil trade.
Indonesia to Divert LNG Cargoes to Domestic Buyers, Cut Pipeline Exports to Singapore
Indonesia's upstream oil and gas regulator SKK Migas will during April and May divert five export cargoes of liquefied natural gas to domestic buyers, its chief said on Wednesday.
Taiwan Plans $200 Billion in U.S. Purchases, Boosts LNG Imports in Trade Talks
Taiwan state-backed bodies could buy an extra $200 billion from the United States over the next decade and bump up the percentage of LNG it gets from the county by one-third to help narrow the trade deficit, the economy minister said on Thursday.
Caspian Pipeline Resumes Partial Kazakh Oil Loadings After Russian Court Ruling
The Caspian Pipeline Consortium resumed loading oil at one of two previously shut Black Sea's moorings, it said on Wednesday, after a court lifted restrictions placed on the Western-backed group's facility by a Russian transport regulator.
- 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
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- 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
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Gazprom’s Grandeur Fades as Europe Moves Away from Russian Gas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
