Asia/Pacific

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.

Global Oil Majors See Surge in Indian Demand for Natural Gas

Global oil and gas majors are looking to India, the world's third biggest oil importer, to buy some of their excess liquefied natural gas (LNG) as the South Asian nation improves its gas infrastructure and strives to reduce emissions.

India Investing $60 Billion on National Gas Grid by 2024

India, one of the world's largest consumers of oil and coal, is investing $60 billion to build a national gas grid and import terminals by 2024 in a bid to cut its carbon emissions, the oil minister said on Sunday.

LNG Investments Hit Record $50 Billion in 2019

Record investments of $50 billion have turned 2019 into a banner year for LNG, with Canada and the United States being the main drivers, the chief of the International Energy Agency (IEA) said.

LNG Ltd to Supply Gas to Vietnam from Louisiana Project

Australia-listed Liquefied Natural Gas Ltd said it has signed a deal with a province in Vietnam to supply LNG from its Louisiana-based Magnolia project.

LNG Tankers Divert to Asia; Floating Storage Rises After Price Spike

At least five laden liquefied natural gas (LNG) tankers changed course from Europe to Asia and a rising number of other tankers were being used as floating storage following a spike in Asian LNG prices in the past week, trade sources said.

India, Nepal open cross border oil pipeline

The leaders of India and Nepal inaugurated South Asia's first cross-country oil pipeline Tuesday, allowing the Himalayan nation of Nepal to receive an uninterrupted supply of oil from its large southern neighbor.

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

India and Nepal officially opened South Asia's first cross-border oil pipeline on Tuesday, 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.

China's August Crude Imports Rise Amid Fuel Surplus

China's crude oil imports gained about 3% in August from a month earlier, customs data showed on Sunday, buoyed by a recovery in refining margins despite a persistent surplus of oil products and tepid demand.

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.

Papua New Guinea Sticks to $13B Gas Deal with Total

Papua New Guinea said on Tuesday it will honor a $13 billion gas deal that Total SA signed with a previous government to expand gas exports, after securing minor concessions from the French company.

Asia's Imports of U.S. Crude Hit Record, but Pullback Likely: Russell

Columnist Clyde Russell says Asia’s record crude oil imports from the United States in August may be as good as it gets for some time - and not only because of the escalating trade war between Washington and Beijing.

Russian LPG Firm Battles Middle East for Chinese Market

An independent Russian producer has made a foray into China's market for LPG, jostling with Middle Eastern countries for what could be a lucrative foothold, market data showed and traders said.

China's CNPC Suspends Venezuelan Oil Loading Due to U.S. Sanctions: Sources

China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest U.S. sanctions on the South American exporter, three sources with direct knowledge of the matter told Reuters on Monday.

Pipeline Construction, LNG Terminal Start-Up Delayed in India

Indian natural gas company H-Energy will delay the start of its LNG import terminal at Jaigarh until the fourth quarter, company CEO Darshan Hiranandani, told Reuters.

Gazprom Increases Ukraine Transit due to Nord Stream Maintenance

Russian gas giant Gazprom has increased its gas transit via Ukraine to Europe by about a quarter, to 300 million cubic meters per day, gas transport firm Ukrtransgaz said on Wednesday.

China Asks for 'Friendly Consultation' in Malaysia Pipeline Dispute

The Chinese government has expressed hope for a “friendly consultation” with Malaysia to resolve a dispute of the building of two multibillion-dollar gas pipeline projects.

India to Phase Out Gas Distributor Monopolies in 34 Areas

The Indian government will introduce rules in six months that could lead to the phase-out of monopolies controlled by natural gas distribution companies in 34 cities, including New Delhi and Mumbai, allowing consumers to choose a new supplier, a senior regulatory official said.

Malaysia Seized $240 million From Chinese Company Over Unfinished Pipeline Project

Malaysia seized more than $243.5 million from a bank account of state-owned China Petroleum Pipeline Engineering (CPP) over incomplete pipeline projects, Prime Minister Mahathir Mohamad said on Monday.

Construction Begins on Middle Section of China-Russia East-Route

Construction of the middle section of the China-Russia east-route natural gas pipeline project, a major energy cooperation project between the two countries, began in Shenyang City of northeast China's Liaoning Province on Thursday.

TechnipFMC Awarded Subsea Contracts for Reliance MJ1 Field in India

TechnipFMC said it has been awarded significant subsea contracts by Reliance Industries for the MJ1 field offshore India. The contracts cover fabrication and installation of flexible risers, rigid and flexible flowlines and umbilicals.

Pipeline Construction, LNG Terminal Start-Up Delayed in India

Indian natural gas company H-Energy Pvt Ltd will delay the start of its liquefied natural gas (LNG) import terminal at Jaigarh to the fourth quarter of 2019, the company's Chief Executive Officer Darshan Hiranandani said on Wednesday.

China to Raise Tariffs on LNG Imports from United States

China said on Monday it would raise tariffs on LNG imports from the United States amid a series of additional levies, a move that could further reduce U.S. LNG shipments to the world's fastest growing importer of the fuel.

China Plans State Pipeline Company to Spur E&P

China is expected to introduce a plan this year to combine the long-distance pipeline assets of its state-owned energy companies into a single, national oil and gas pipeline group and open access to private and foreign energy producers.

Fire Breaks Out at Kazakhstan's Kalamkas Oilfield

A fire has broken out at the onshore Kalamkas oilfield in Kazakhstan's western Mangistau province, the country's emergencies committee said on Monday.

Global News

Finland, Estonia and Latvia Sign Deal for Single Gas Tariff Zone Gas transmission operators of Finland, Latvia and Estonia signed an agreement on to set up a single gas transmission tariff zone for the three countries from the start of 2020. The agreement fulfills a goal ..

Pakistan to Open Gas Fields, Pipelines to Attract Foreign Investment

Pakistan plans to offers dozens of gas field concessions in the coming year to fill in a fuel shortage, a senior official said, with Islamabad hoping a sharp drop in militant violence and changes to exploration policy will attract foreign investors. To encourage development, the government also plans to make its pipeline system more accessible and affordable.

Denmark Still Deciding on Russian-German Pipeline

Denmark's foreign minister Anders Samuelsen said Wednesday his country hasn't yet decided whether to allow a joint German-Russian gas pipeline to pass through its territorial waters, but suggested Moscow's continued aggression in Ukraine was making it less likely to be approved.

Sinopec May Close 20-Year LNG Deal With Cheniere When U.S - China Trade Spat Ends

China Petroleum and Chemical Corp plans to sign a 20-year LNG supply agreement with Cheniere Energy once China and the United States end their trade dispute, two sources with knowledge of the matter said on Wednesday.

China's Shift to Gas from Coal Drives Record LNG Imports

China's total gas imports by LNG and pipeline rose to a record high in January due to increased winter demand and the country's shift to gas heating from coal, customs data showed

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