Asia/Pacific

Asian LNG Prices Fall as Import Demand from China Muted

Asia LNG prices fell this week as spot demand from China remained muted despite the start of winter and as natural gas supplies from Russia continued to flow steadily to Germany.

ExxonMobil Continues Preparatory Work for Gas Project in Vietnam

ExxonMobil is continuing preparatory work for its Ca Voi Xanh (Blue Whale) gas project in Vietnam, it said, with a final investment decision dependent on factors including regulatory approvals and gas sales deals.

Carbon+Intel: Indonesia Carbon Capture Storage Deal Could Need $500 Million

Deployment of carbon capture storage in Indonesia by American energy giant Exxon Mobil Corp could cost about $500 million, a senior official at Indonesia's state oil firm Pertamina said on Monday.

China's Winter Natural Gas Demand to Rise 10% from Year Earlier

China's demand for natural gas is expected to rise to 180 billion cubic meters (bcm) this winter, up 10% from a year earlier, an official at PetroChina said.

Exxon Calls for Carbon Price, Working on CCS Projects Across Asia

Exxon Mobil Corp is pursuing carbon capture storage hubs across Asia and has started talks with some countries with potential storage options for carbon dioxide, the company's head of low carbon solutions said.

PipeChina Invests $3.8 Billion to Boost Gas Infrastructure Ahead of Winter

China Oil and Gas Pipeline Network, or PipeChina, said it has invested 24.45 billion yuan ($3.8 billion) to expand its gas infrastructure, aiming to add a daily gas supply capacity of 60 million cubic meters by end of this year.

Hungry for Fuel, China Looks to the US, Europe Eyes Relief Plans

China's energy crisis deepened on Friday with coal prices hitting a record high as cold weather sweeps in and soaring gas prices prompting major energy companies to seek long-term deals with U.S. suppliers.

Energy Crisis Could Threaten Global Economic Recovery, Says IEA

Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to record levels as widespread energy shortages hit Asia and Europe.

Singapore LNG Scouts for Spot Cargoes as Electricity Futures Surge

Singapore LNG Corp is making inquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city-state's LNG terminal, industry sources said.

Alaska Says its Planned LNG Project will Help Asia Cut Carbon Emissions

Alaska Gasline Development Corp. said that its proposed liquefied natural gas export project would reduce greenhouse gas emissions in Asia by allowing power generators to use a cleaner fuel than coal.

Former PetroChina Executive Under Probe for Suspected Graft

Ling Xiao, who resigned last month from his position as a vice president of PetroChina, had been a PetroChina veteran long responsible for company's natural gas pipeline and marketing business.

Explainer: Global Energy Shortage or a Coincidence of Regional Crises?

There is a broad-based rebound in energy demand from lows hit during the depths of the coronavirus pandemic that has raised prices for oil, gas and coal; ongoing supply restrictions by oil cartel OPEC; and global transport bottlenecks that have complicated fuel distribution.

Global News October 2021

EIA Expects U.S. Natural Gas Consumption to Decline Through 2022, Brazil Seeks Natural Gas Pipeline from Argentina’s Vaca Muerta and more.

Russia's Gazprom Completes Maintenance at Gas Pipeline to China

Russian energy giant Gazprom said on Wednesday it has completed planned maintenance at the Power of Siberia natural gas pipeline to China.

China to Announce Details of Oil Reserve Sales in Due Course

China said on Monday it will announce details of planned crude oil sales from strategic reserves in due course. The vague wording and the lack of detail created some confusion among market watchers over whether the auctions had already taken place or would happen in the future.

Papua New Guinea Hands Pandora Gas Field to State-Owned Kumul

The Papua New Guinea government has awarded Kumul Petroleum rights to develop the Pandora gas field, estimated to hold 1 trillion cubic feet of gas, rejecting other bids to keep control of PNG's resources within the country.

China Approves $149 Million Coalbed Methane Pipeline Project

China's state planner has approved a 960 million yuan ($149 million) coalbed methane pipeline project linking the northern provinces of Shanxi and Shaanxi, the National Development and Reform Commission said.

Global News September 2021

Egypt, Israel Discuss Liquefying Israeli Gas at Egyptian Plants, Two Arrested in Mountain Valley Pipeline Protest and more.

Australia Bucks Climate Trend with Plan to Subsidize Natural Gas, Coal

Australia's federal government is proposing what amounts to a subsidy to natural gas- and coal-fired power generation, in a bid to solve a problem the country's energy market operator says doesn't exist.

China's LNG Import Surge to Cool in Winter as High Prices Bite

Pipeline gas will continue to ramp up to provide a supply cushion during winter, which includes supplies from Russia, which is scheduled to increase the amount of gas pumped via the Power of Siberia pipeline by 50% by the end of the year versus August levels.

Perspective: Demand Only One Side of LNG Price Surge, Supply Cut by Outages

That the price of spot cargoes is at the highest for this time of year since 2013 has been largely put down to robust demand from top importers such as China, and a determination among buyers to ensure natural gas stocks are adequate for the upcoming northern hemisphere winter.

India to Monetize $81 billion of State Assets, Including Pipelines

India plans to sell 6 trillion rupees ($80.90 billion) worth of state-owned assets over the next four years under privatization plans previously announced in the 2021/2022 budget to boost public finances.

China to Fund Myanmar Projects in Agreement with Junta

China will transfer over $6 million to Myanmar's government to fund 21 development projects, Myanmar's foreign ministry said, in a sign of cooperation resuming under the junta that overthrew an elected government on Feb. 1.

China's Crude Oil, Gas Imports Rebound in July

China's crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance. LNG and pipeline gas imports also showed big gains.

ESAI: Era of Peak Demand Growth for NGLs' Nears End

The era of "peak demand growth" for natural gas liquids will come to an end by 2025, according to ESAI Energy's newly published Global NGL 5-Year Outlook.

Perspective: What Lifting US Sanctions Means for the Nord Stream 2 Pipeline

The Biden administration admits that the US sanctions are currently unlikely to succeed, as the project is almost complete and his government wants to improve relations with Germany.

Armenia Wants Russian Army Outposts on Azerbaijan Border Amid Tensions

Tensions between Armenia and Azerbaijan, two former Soviet republics, are watched closely abroad for any threat to Azeri gas and oil pipelines and the risk of regional powers Turkey and Russia being dragged into any conflict.

Biden Admin Reveals Decade-Old China Pipeline Hack, Plans for Cybersecurity Talks

The Biden administration revealed Chinese state-sponsored hackers between 2011 and 2013 targeted nearly two dozen U.S. oil and natural gas pipeline operators with the goal of “holding U.S. pipeline infrastructure at risk."

Nigeria Seeks $1 Billion for Key Gas Pipeline as it Awaits Chinese Lending

Nigeria is seeking $1 billion so work can continue on a gas pipeline costing up to $2.8 billion after Chinese lenders which had pledged to offer most of the funds did not disburse cash as quickly as expected.

Global News July 2021

11 EU Countries Oppose Plan to Continue Gas Project Funding, FERC Approves Enable’s Proposed Louisiana Pipeline and more