Asia/Pacific

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.

China's 2020 Gas Consumption to Reach 320 Bcm: CNPC

China's gas consumption in 2020 is expected to rise to around 320 Bcm, while the pace of gas import growth is set to slow sharply this year, state energy group China National Petroleum Corp's (CNPC) research arm said on Thursday.

Rosneft Seeks Investors for Vostok Infrastructure

Russia's Rosneft is seeking Japanese investment in the company's $157 billion Vostok oil project, including construction of pipelines, roads and a seaport.

China Creates State-Owned Pipeline Company

China has created a new centrally administered, state-owned pipeline company that combines all pipeline assets of the top three state-owned energy giants: China National Petroleum Corp., China Petrochemical Corp., and China National Offshore Oil Corp.

Asian LNG Buyers Target Record Low Prices in Contract Talks

Asian LNG buyers are starting talks with producers to renew long-term contracts due to expire over the next few years, aiming to secure all-time low prices in deals likely to set new industry benchmarks.

Power of Siberia Natural Gas Pipeline Officially Begins Flows

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping officially launched the Power of Siberia pipeline on Monday that will transport natural gas from Siberia to northeast China.

Kazakhstan Seeks to Join Russian Plans to Boost Gas Exports to China

Kazakhstan has told Russia it wants to join plans to boost gas exports to China proposing that a new pipeline being considered by Moscow connect through the Central Asia nation, Kazakh Prime Minister Askar Mamin said on Monday.

At Least 7 Killed in Gas Explosion in Bangladesh

At least seven people were killed and eight injured on Sunday after a gas pipeline exploded in the Bangladeshi port city of Chittagong, a police official said.

China’s Gas Consumption Growth Rate Expected to Slip in 2019

China’s natural gas consumption growth rate is expected slow to around 10 percent in 2019, from 17.5 percent last year, amid easing economic growth and pressure on the country’s production, storage and gas sales network, a government report showed.

India, Nepal Open South Asia’s First Cross-Border Oil Pipeline

India and Nepal have officially opened South Asia’s first cross-border oil pipeline, a project seen as part of New Delhi’s efforts to increase its influence in the Himalayan nation where China is also making deep inroads.

Mild Winter, Softer Economy Weaken Asian LNG Markets

LNG spot prices in Asia have dropped to seasonal lows on expectations of a mild winter depressing demand for gas for heating. A slowdown in China's coal-to-gas switch amid a weaker economy is also having an impact.

China's West-to-East Pipeline Throughput Hits 25 Bcm/Year

The supply of natural gas from the Tarim oilfield through the West-to-East gas pipeline has increased to 25 Bcf/year, according to the PetroChina Tarim Oilfield Company.

Singapore Committed to Natural Gas Power

Natural gas will continue to play a dominant role in generating electricity in Singapore while the state plans to accelerate the use of renewable energy, primarily solar power, in the next decade to battle climate change, a senior government official said.

One Killed in Fire on Pertamina Pipeline in Indonesia - Fire Official

A Chinese construction worker was killed while working on an Indonesian oil pipeline after a fire broke out.

China's Gas Demand Growth to Slow to 10% This Year: Sinopec

China's natural gas demand is expected to reach 307 Bcm this year, an increase of just 10% from 2018, an official of state-run Sinopec Gas said , as a slowing economy hits consumption.

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