Asia/Pacific

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.

Russia's Lukoil Suspends Uzbek Gas Exports to China Due to Weak Demand

An official from Russia's Lukoil said in a conference call on Friday the company has suspended gas deliveries to China from its projects in Uzbekistan due to weak demand amid the coronavirus pandemic.

Philippine Energy Chief Says LNG Projects Still on Track Despite Virus Delays

Four LNG import projects in the Philippines are still on track for approval despite "minor delays" due to the coronavirus pandemic, the country's energy secretary said on Thursday.

China Ramps up U.S. Oil Purchases Ahead of Trade Deal Review — Sources

Shipments of U.S. crude oil into China are expected to rise in the coming weeks as the two countries begin to review a trade agreement signed in January.

Japan's Mitsui Cleared to Export Gas from West Australian Project

Japan's Mitsui & Co won an exemption from the Western Australian government on Monday to export gas from a new onshore field

Gas Pipeline to China's First Major Independent LNG Terminal Complete

Work has been completed on a subsea gas pipeline connecting the country's first major privately owned terminal with a local gas grid.

Heavy Rains Cause Collapsed Roads, Pipeline Explosion in Northwest China

A natural gas pipeline exploded in northwest China early Wednesday morning after heavy rains caused several roads to collapse.

China Starts Building Southern Section of East-Route Pipeline

Construction has started on the southern portion of the China-Russia East natural gas pipeline, which carries supplies from the Power of Siberia system in Russia, PipeChina announced Tuesday.

China's Sinopec Seeks Long-Term LNG as Prices Remain Low

Taking advantage of near-record low prices for LNG, China's Sinopec is seeking to sign 10-year delivery contracts to take delivery beginning in 2023 according to several sources.

PipeChina to Take on $56 Billion of Pipelines to Boost Network Access

China is taking major steps to consolidate its midstream oil and gas sector with the newly formed state-owned PipeChina taking on more than $55 billion in assets.

PetroChina to Sell Major Pipeline Assets to PipeChina for $38 Billion

China's state-owned oil firm PetroChina has announced it is selling its oil and gas pipelines and storage facilities to the country's new midstream company China Oil and Gas Pipeline Network (PipeChina) for nearly $40 billion.

Zhejiang Wins China's First Private Fuel Export License — Sources

Zhejiang Petroleum & Chemical Co has been granted a license to export fuel from the country to the international market, a first for a private oil company in the country.

China Hires Morgan Stanley, Goldman Sachs to Advise on Pipeline Asset Transfers — Sources

China has hired Morgan Stanley and Goldman Sachs to advise the country's top energy firms on multi-billion dollar deals transferring oil and natural gas pipeline assets to a new national energy infrastructure company.

India to Simplify Gas Pipeline Tariff to Boost Demand

India's oil minister announced the country is planning to simplify its gas pipeline tariff structure in order to attract further investment into the nation's gas infrastructure.

U.S. Gas Deliveries for LNG Export Fall by More than Half

Daily natural gas deliveries to U.S. facilities that produce LNG for export were a record 9.8 Bcf/d in late March 2020, but deliveries fell to less than 4 Bcf/d in June.

China Could Top Japan's LNG Imports in 2020 as Coronavirus Cuts Demand

The unusual market conditions brought on by the coronavirus pandemic may cause LNG imports into China to surpass Japan much sooner than expected, according to an industry analyst.

India Steps up Bet on Gas With First Gas Trading Exchange

India on Monday launched its first natural gas trading exchange, as it continues efforts to reduce greenhouse gas emissions by expanding the share of gas in its energy mix.

LNG Recovery in Asia Depends on China, India Policies

The International Energy Agency (IEA) forecasts a gradual recovery in global natural gas demand in 2021-22, but the extent of that rebound depends on how committed China and India remain to their transitions from coal.

Actuators Specified for Long-Haul Pipeline in India

A currently under construction 435-mile (700-km) pipeline from southern India to a key refinery has selected hundreds of Rotork actuators for the project, according to a company spokesman.

Kazakh Firm Plans to Spin Off Gas Shipping and Trading Unit

Kazakh state oil and gas firm KazMunayGaz said it plans to spin off its natural gas shipping and trading subsidiary Kaztransgas and will seek creditors' consent for the move.

Malaysia's LNG Exports in May Set to Drop to Lowest Since Mid-2018 — Data

LNG exports from Malaysia, the world's fourth-largest natural gas exporter, are expected to drop to their lowest levels in two years as producers are hit hard by plunging demand stemming from the coronavirus pandemic.

Sinopec to Build $2.8 Billion LNG Terminal in Eastern China

Sinopec has contracted with the city of Zhoushan on China's eastern coast to build a $2.8 billion LNG import terminal.

Petronas, China LNG Deal Calls for Distribution via ‘Virtual Pipelines’

Petronas and China's Clean Tiger Energy have agreed to an LNG supply deal with a provision that the Chinese company distributes the fuel to remote locations using ISO tanks.

Gazprom Begins Preparation for Power of Siberia-2

Russian gas giant Gazprom has begun a feasibility study for its Power of Siberia-2 natural gas pipeline.

More Pipelines Are Needed for India to Increase LNG Imports — EIA Report

Recent data released by the U.S. Energy Information Administration shows that in order to continue to increase its LNG imports, India needs to build more gas pipelines.

Tokyo Gas Maintains LNG Imports, Infrastructure Projects Despite Profit Plunge

Japan's biggest supplier of city gas said net profit fell by nearly half in the fiscal year ended March 31, but it has no plans to cut LNG imports or change its overseas investment plan.