Asia/Pacific
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.
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.
