Asia/Pacific
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.
G7 Climate Ministers Drop Language on Growing LNG Demand in Draft
Climate ministers of the Group of Seven countries have backtracked for now on earlier language touting growing future demand for LNG, instead noting there may be "considerable uncertainty" for consumption.
Sinopec to Build China 259-Mile Hydrogen Transmission Pipeline, Xinhua Reports
The pipeline will stretch 400 km (roughly 259 miles) from Ulanqab in sparsely populated Inner Mongolia to the capital Beijing, and will have an initial capacity of 100,000 tonnes per year, said the report, citing Sinopec chairman Ma Yongsheng.
Perma-Pipe Bags $6.5 Million in Project Awards in India
(P&GJ) — Perma-Pipe International Holdings Inc. announced that its subsidiary Perma-Pipe India Pvt. Ltd. has been awarded approximately $6.5 million in contracts during the first quarter of 2023. Two major projects will begin execution in Perma-Pipe’s Gandhidham, Gujarat, India facility in the first and second quarter of 2023.
Technip Energies Bags LNG Contract Valued at $273 Million
(P&GJ) — Shaanxi LNG Reserves & Logistics Co. Ltd. has given Technip Energies a large contract for the 3 million normal cubic meter per day Xi'An LNG Emergency Reserve & Peak Regulation Project in China. The deal is valued between $54.53 million and $272.67 million.
Global News April 2023
US LNG exports hit record as Freeport production returns, Granholm says refilling US strategic petroleum reserve could take years, EU Nations seek legal option to stop Russian LNG imports, Oil firms halt or cut output in Iraqi Kurdistan, and more!
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- U.S. House Passes Bill to Reverse Biden's LNG Pause
- Mexico Orders Seizure of Hydrogen Plant at Pemex Oil Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- MEG Energy Confirms Trans Mountain Pipeline Expansion to Begin Line Fill in April