Asia/Pacific
Argentina's YPF Signs LNG Export Deal with Indian Firms
Argentina's state-run oil company YPF signed a memorandum of understanding with three Indian firms to potentially export up to 10 million metric tons of LNG per year, the company said on Tuesday.
Tokyo Gas Eyes Asset Sales for Growth Investments, President Says
Tokyo Gas has been identifying assets, including from its vast real estate portfolio, to be sold to fund growth investments, its president said, though no decisions have been made yet on what to sell.
Tougher U.S. Sanctions to Limit Russian Oil to China, India, Boost Middle East Demand
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.
Philippines Encourages LNG Importers to Aggregate Purchases to Lower Prices
The Philippines is encouraging importers of liquefied natural gas (LNG) to voluntarily aggregate purchases of the super-chilled fuel in efforts to lower prices and improve market efficiencies, government officials said on Wednesday.
Asia’s Crude Imports Fall in 2024 Amid Weak China Demand
Asia's crude oil imports dropped in 2024, the first annual decline in three years, led by weak demand from heavyweight China and other major buyers, with only India managing sparse growth.
Inpex Restores Typhoon-Damaged Gas Pipelines in Japan
Inpex Corp. has completed restoration work on its natural gas trunk pipeline network in Japan, addressing damage caused by Typhoon Hagibis in October 2019.
PacificLight Power Gets Nod for Hydrogen-Ready Gas Power Plant in Singapore
PacificLight Power (PLP) said on Friday it has received approval from the Singapore government to build a new hydrogen-fueled gas power plant on Jurong Island.
Oil Prices Rise as Markets Eye China's Growth Outlook and Geopolitical Risks
Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China's economy and fuel demand following a pledge by President Xi Jinping to promote growth.
Japan Gas Lobby Calls for Diplomacy to End LNG Destination Clauses
The head of the Japan Gas Association on Friday urged the government to enhance diplomatic efforts to eliminate destination clauses in long-term liquefied natural gas (LNG) contracts, ensuring flexibility for resale in response to demand trends.
India to Install Connecting Pipeline, Supply LNG to Sri Lanka, PM Modi says
India plans to supply liquefied natural gas (LNG) to Sri Lanka's power plants and will work on connecting the power grids of the two countries as well as lay a petroleum pipeline between the neighbors, Indian Prime Minister Narendra Modi said on Monday.
Argus Launches Daily Price Assessments for Growing LNG Market in India
Argus has launched the world's first daily price assessments for the growing LNG market on the east coast of India, enhancing transparency in a region where imports and downstream gas infrastructure are undergoing rapid development.
Australia's Santos Signs Long-Term LNG Supply Deal With Japan's Shizuoka
Santos, Australia's No.2 independent oil and gas producer by market cap, said on Thursday it signed a deal to supply Japanese gas distributor Shizuoka Gas with liquefied natural gas (LNG).
Singapore Seeks Proposals to Scale Up LNG Bunkering
The Maritime and Port Authority of Singapore (MPA) has launched an expression of interest (EOI) to gather proposals for scaling up liquefied natural gas (LNG) for bunkering or ship refueling, it said in a statement on Thursday.
Analysis: Japan Eyes Exit from Russian Gas Amid Sakhalin Decline, Rising LNG Rivals
As Japan's long-term contracts to secure liquefied natural gas (LNG) from Russia's Sakhalin-2 project near expiration, rival producers see opportunity to fill the supply gap, even as Tokyo looks to switch to cleaner energy, industry insiders say.
Sembcorp Secures 10-Year LNG Deal with Chevron's Singapore Unit
Sembcorp Industries on Thursday said its unit, Sembcorp Fuels signed a deal with Chevron USA's Singapore unit to import up to 0.6 million tonnes of liquefied natural gas (LNG) annually starting in 2028.
Pakistan Defers LNG Contract with Qatar to 2026, Citing Surplus
Pakistan has deferred its LNG agreement with Qatar by a year, now expecting deliveries in 2026 due to a surplus. Petroleum Minister Musadik Malik confirmed there are no penalties for the deferral and additional cargo postponements are under negotiation.
China Implements Rules to Cut Fuel Pipeline Transport Costs
China introduces new rules to lower fuel transport costs by pipeline starting January. State planner NDRC will regulate maximum revenues for PipeChina, aiming to reduce costs for end-users and ensure efficient oil product transport.
Guest Perspective: Canadian LNG Will Not Boost Japan’s Energy Security
(P&GJ) — With LNG Canada set to start up next year, LNG exporters in Canada are racing to build new projects along the country’s western coast. Many are enamored by the prospect of selling the fuel to Asian countries, particularly Japan.
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.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Colonial Shuts Largest U.S. Gasoline Pipeline to Investigate Leak
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
