Asia/Pacific

U.S. LNG Cargoes Heading to China After Beijing Awards Tax Waivers

For the first time in over a year, cargoes of U.S. LNG are heading to China after the government began awarding tax waivers to some importers.

China's CNOOC Signs Pipeline Assets Transfer Agreement with PipeChina

China National Offshore Oil Corp (CNOOC) has signed an agreement with newly launched PipeChina on transferring management rights for oil and gas infrastructure projects.

U.S. Oil Output Set to Plunge as Storage Fills

Ultra-low oil prices and full storage tanks and pipelines will force an unprecedentedly fast decline in U.S. output this year as producers are forced to choke or shut old wells and cut back new drilling, writes market analyst John Kemp.

Indian LNG Importers Issue Force Majeure — Sources

Several Indian LNG importers have issued force majeure notices after the country has shut down to help prevent the spread of the coronavirus.

PetroChina to Seek Price Talks with Gas Suppliers as Coronavirus Hits Demand

PetroChina is looking to renegotiate gas prices with several global suppliers, as well as a transfer of pipeline assets, amid plunging gas demand due to the coronavirus pandemic.

China to Resume U.S. LPG Imports as Beijing Waives Trade-War Tariff — Sources

China has once again begun buying U.S. LPG as the government waived tariffs as part of the U.S.-China trade deal.

Shell, INOX India Sign MoU for LNG Distribution

Shell has signed a Memorandum of Understanding with India's INOX to deliver LNG to customers not connected to distribution pipelines.

Kazakhstan Decreases Gas Supplies to China

Kazakhstan has reduced natural gas supplies to China by 20-25%, Energy Minister Nurlan Nogayev said on Wednesday, after importer PetroChina issued a force majeure notice to suppliers this month.

PetroChina Suspends Gas Contracts as Coronavirus Hits Demand — Sources

PetroChina has suspended some natural gas imports, including LNG and pipeline gas, as a seasonal plunge in demand adds to the impact on consumption from the coronavirus outbreak.

China Imports 840 Million Cubic Meters of Gas Through Power of Siberia

China imported 840 million cubic meters of natural gas by Feb. 25 through the "Power of Siberia" pipeline, launched in December, or an average of 10 million cubic meters daily, state-run Xinhua news agency said late Wednesday.

ExxonMobil, Indian Oil, Chart Industries to Develop Virtual Gas Pipelines for India

Chart Industries, Inc. has signed a Letter of Cooperation with ExxonMobil India LNG, and Indian Oil Corporation to develop virtual LNG pipelines in India.

AG&P Breaks Ground on LNG Terminal in India; Plans Two More

Singapore-based AG&P just broke ground in India on its first LNG terminal and says it is confident in financing for two more within the next two years.

India Nears Record Imports as LNG Prices Slump on Virus Impact

India is set to import record volumes of liquefied natural gas (LNG) this month, data shows, taking advantage of the super-chilled fuel's price hitting all-time lows due to the coronavirus outbreak dampening demand in China.

China Resumes Construction on Mid Section of East-Route Pipeline

The middle section of the China-Russia east-route natural gas pipeline project resumed construction in Jinzhou City, northeast China's Liaoning Province, on Wednesday.

China's January Gas Consumption Falls for First Time in 2 Years

China's natural gas consumption in January saw its first year-on-year contraction in at least two years, data compiled by Chongqing Petroleum and Gas Exchange, a government-backed energy trading platform, showed on Monday.

Analysts Cut China's Gas Demand Estimates as Virus Outbreak Weighs

Several analysts cut their gas demand forecasts for China, the world's top gas importer, as the fast-spreading coronavirus outbreak is expected to depress industrial, commercial and transportation appetite over the next few months.

India Approves $774 Million for Gas Pipeline in Northeast

India approved funding of $774 million (955.6 billion rupees) for a natural gas pipeline in its northeast, Oil Minister Dharmendra Pradhan said, as part of a national gas grid being built to span remote locations.

China's Biggest LNG Importer Declares Force Majeure as Virus Spreads - Sources

China National Offshore Oil Corp (CNOOC), the country's biggest importer of liquefied natural gas (LNG), has suspended contracts with at least three suppliers amid the rapid spread of the coronavirus, two sources said on Thursday.

Oil, Gas Imports into China Tumble in Wake of Virus

Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said.

Petronet LNG, Tellurian to Sign $2.5 Billion U.S. Gas Deal This Month

India's top gas importer Petronet LNG and U.S. liquefied natural gas (LNG) developer Tellurian Inc are preparing to sign a $2.5 billion deal during President Donald Trump's maiden visit to New Delhi later this month, two sources familiar with the matter said.

Qatar Rejects India Proposal to Delink LNG Deals from Crude

India wants Qatar to delink the price of its imported gas from that of oil under long-term deals to make supplies cheaper, India's oil minister said, but Qatar isn't interested in renegotiating.

PETRONAS Signs 12-Year LNG Deal With Shenergy

PETRONAS has signed a Heads of Agreement (HOA) with Shenergy Group Company Limited (Shenergy) to supply approximately 1.5 MTPA of liquefied natural gas (LNG) to its Wuhaogou receiving terminal in China.

STATS Group Completes 12 Pipeline Isolations For Malaysian Operator

Pipeline technology specialist STATS Group (STATS) has completed an extensive pipeline isolation campaign offshore and onshore Malaysia.

Long Time Coming: Power Of Siberia Delivers First Gas

The 1,865-mile (3,000-km) Power of Siberia $9 billion gas pipeline is set to become the longest transmission pipeline, east of the Ural Mountains, with its first delivery in mid-December. It will transmit 61 Bcm of natural gas a year from Irkutsk and Yakutia to Russia’s Far East, bringing vital energy for the economic development of the Russian side of the Amur River and onward.

For China, 2020 Looks Like the Year of the Pipeline

Beijing’s leaders are increasingly concerned about China’s heavy dependence upon energy suppliers who worry, with a special concern centered on Russia and others in Africa and the Mideast.

China's Oil, Gas Imports Strong in 2019 Despite Trade Dispute

China's imports of major commodities ended last year with a bang, with strong gains showing the appetite of the world's largest importer of natural resources remains robust despite the trade dispute with the United States.

India Approves $774 million for Gas Pipeline

India has approved funding of 55.6 billion rupees ($774 million) for a natural gas pipeline in its northeast, Oil Minister Dharmendra Pradhan said on Wednesday, as part of a national gas grid being built to span remote locations.

Global LNG: Asian Prices fall amid low liquidity

Asian spot prices for liquefied natural gas (LNG) slipped this week amid thin trading due to Christmas holidays.

Japan's LNG Demand to Rise During Reactor Upgrades

Japanese utilities face hundreds of millions of dollars in extra fuel costs in 2020 as they buy in extra LNG and coal while nearly half the country's working nuclear reactors go off-line for government-ordered security upgrades.

Opinion: Tough for China to Buy Enough U.S. crude, LNG

The big, unresolved question from the initial trade agreement between the United States and China is what happens if Beijing cannot meet the massive jump in required commodity purchases.