Asia/Pacific
China Halts LNG Sales to Foreign Buyers to Ensure Own Supply
China has asked its state-owned gas importers to stop reselling LNG to buyers in Europe and Asia as it seeks to ensure its own supply for the winter season, Bloomberg News reported on Monday.
Mubadala Energy Makes Significant Gas Discovery Offshore Malaysia
(P&GJ) — Mubadala Energy, the Abu Dhabi headquartered international energy company, has confirmed the discovery of a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320 offshore Malaysia.
Explainer: Does China Need More Russian Gas via the Power-of-Siberia 2 Pipeline?
Russian President Vladimir Putin held a meeting with his counterparts from China and Mongolia on Thursday, where they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia.
Mongolian President Advocates for Russia-China Oil, Gas Pipelines via Mongolia
Russian energy giant Gazprom hopes to build the Power of Siberia 2 gas pipeline via Mongolia to China with a view to exporting 50 billion cubic meters of gas per year via the route by 2030.
Turkmenistan Pipe Dreams: Russia, China Both Make Overtures
(P&GJ) — Russia’s invasion of Ukraine has quickly transformed the West’s relationship with Russia. It’s forged Russia’s closer alignment with China. It seems that 2022 is becoming the year when everyone is rethinking the circles of power, especially in Eurasia.
President Ramos-Horta Urges Australia to Back Gas Pipeline to East Timor
Timor President Ramos-Horta said it made no sense to him to send the gas to Darwin, which would require a 500-km (310-mile) pipeline, rather than to East Timor with a 200-km (124-mile) pipeline and added that operating costs in Timor would be much less than in Australia.
Pipeline Operator Gail Says India in Talks with Russia to Resume Gas Supply Deal
India is in talks with Russia to resume gas supplies under the long-term import deal between Gazprom and GAIL (India) Ltd., the state-run Indian company's chairman said at an annual shareholder meeting on Friday.
NextDecade Inks 20-Year LNG Supply Deal with Guangdong Energy Group
NextDecade Corp. has entered a 20-year sale and purchase agreement with Guangdong Energy Group for the supply of LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.
China Port Group Starts Pumping Crude Oil into New 230-Mile Pipeline
China's Yantai Port Group started on Monday pumping oil into a newly expanded crude oil pipeline that connects the port of Yantai to a group of independent refineries in the country's refining hub Shandong, state media reported on Tuesday.
Russia Looks to Lure Asian Buyers with Higher Quality Crude Oil
Russia has been improving the quality of its flagship Urals crude oil export, making the heavily-discounted grade even more attractive to buyers in Asia who have been snapping it up, data obtained by Reuters showed.
India Moves to Modernize, Expand Gas Pipeline Network
Indian government says that it foresees an increase in the share of natural gas in the country’s energy mix – from 6% in 2021 to 15% by 2025. A total of $60 billion of new investment planned in the country’s natural gas infrastructure by 2024, with most of that coming from the private sector.
Qatar Advances Talks with China Over Investment in Gas Field Expansion Project
China's national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the world's largest LNG project and buy the fuel under long-term contracts, Reuters reported on Friday.
Philippines' First Gen Asks DOE for Extension on LNG Terminal Project
Philippine power producer First Gen Corp. has asked the Department of Energy to extend its permit to construct an offshore LNG terminal in the country by six months due to circumstances delaying the project.
Japan to Ban Russian Oil Imports 'In Principle,' Prime Minister Says
Japan will ban Russian crude oil imports "in principle," as part of a Group of Seven (G7) campaign to counter Russia's invasion of Ukraine, Prime Minister Fumio Kishida said after an online meeting of G7 leaders on Sunday.
Japan to Release 7.5 MMbbl of Oil Reserves in IEA-led Global Action
The volume makes up 12.5% of a planned coordinated release of 60 MMbbl of oil reserves that the U.S. and other members of the IEA agreed to compensate for supply disruptions following Russia's invasion of Ukraine.
US Supplies Give China Muscle to Become Major Force in LNG Trade
Chinese firms are set to become a major trading force in the global liquefied natural gas market in coming years, thanks to liberalizations at home and recently signed long term contracts for record amounts of LNG from U.S. suppliers.
South Korea, Iran Discuss Resuming Oil Trade
South Korea and Iran have held working-level talks on resuming imports of Iranian crude oil and unfreezing Iranian funds held in the East Asian nation, South Korea's foreign ministry said on Wednesday.
India's Reliance Plans to Turn Syngas into Blue Hydrogen
India's Reliance Industries plans to produce blue hydrogen at a "competitive cost" of about $1.2-$1.5 per kg as it repurposes its $4-billion gasification assets, the conglomerate said in a presentation.
Global News February 2022
EIA Updates Oil Price Forecasts Through 2023, Indian Oil Investing $944 Million on Gas Sales in New Areas, Cruz’s Nord Stream 2 Sanctions Bill Fails to Pass in US Senate and more.
Thailand Scrambles to Contain Second Oil Leak Off East Coast
Ships were deployed in Thailand on Thursday to contain a fresh oil spill off its eastern coast, authorities said, two weeks after an undersea pipeline leak in the same area damaged coastal communities and marine life.
Japan to Divert LNG to Europe Amid Russia-Ukraine Tensions
Japan will divert some LNG cargoes to Europe after requests from the United States and the European Union, the industry minister said on Wednesday, a step that aligns the country with the West as tensions flare with Russia.
Russia May Use Field Hit by U.S. sanctions for Gas Exports to China
Russian gas giant Gazprom may tap a field hit by U.S. sanctions off the Pacific island of Sakhalin to provide China with gas under a recently signed deal, sources and analysts said on Tuesday.
Putin Hails $118B of China Deals as Russia Squares Off with West
President Vladimir Putin unveiled new Russian oil and gas deals with China worth an estimated $117.5 billion on Friday, promising to ramp up Russia's Far East exports at a time of heightened tension with European customers over Ukraine.
Russia, China May Sign Energy Deals Amid Moscow Tensions with West
Russian President Vladimir Putin may seek to deepen energy ties with China during a meeting with leader Xi Jinping this week while attending the Winter Olympics this week in Beijing.
Oil Spill Threatens Corals in Eastern Thailand
Authorities are rushing to prevent an oil spill in eastern Thailand from damaging fragile corals, after officials said the leak that began last week was drifting towards more coastal areas.
Oil Spill Reaches Shoreline in Eastern Thailand
Some of the oil that leaked from an underwater pipeline in the Gulf of Thailand washed up on a beach in the country's eastern province of Rayong late on Friday, a senior official said.
Thai Oil Spill Cleanup to Take 5 More Days, Navy Says
An oil spill caused by a leak from an undersea pipeline 20 km (12.4 miles) off Thailand's eastern coast will take at least five more days to clear, its navy said on Thursday.
Thailand's PTT Exploration and Production Taking Over Myanmar Gas Field as Others Exit
Thailand's state oil and gas explorer looks set to take over Myanmar's biggest gas field, as TotalEnergies and Chevron Corp. exit in the wake of last year's coup in the Southeast Asian state.
TotalEnergies Withdraws Completely from Myanmar
Before now, the company's decisions have been to halt all ongoing projects, but to continue to produce gas from the Yadana field, which is essential for supplying electricity to the local Burmese and Thai population.
Oil Flow Resumes in Kirkuk-Ceyhan Pipeline After Blast in Turkey
The flow of crude oil through the Kirkuk-Ceyhan pipeline has resumed, after it was halted on Tuesday due to a blast near the pipeline in the southeastern Turkish province of Kahramanmaras.
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