XRG signed an agreement with Azerbaijan’s Ministry of Economy to acquire a stake in Southern Gas Corridor CJSC, expanding its Caspian energy portfolio and reinforcing UAE-Azerbaijan cooperation in gas infrastructure.
U.S. Energy Secretary Chris Wright said there is major “win-win” potential for natural gas trade between the United States and China, citing China’s position as the world’s largest gas importer and America’s growing LNG export capacity. Wright also reaffirmed U.S. readiness to supply Europe’s gas needs.
Japanese LNG buyers JERA, Tohoku Electric, and Kyushu Electric said they can secure alternative gas supplies if Russian Sakhalin-2 shipments are disrupted. The assurances come as the U.S. urges Japan to phase out Russian energy imports and expand ties with U.S. LNG projects.
Tokyo Gas will prioritize the U.S. market in its overseas expansion strategy, including potential LNG offtake from the $44 billion Alaska LNG project. The company plans to invest up to $8.6 billion over three years, with $2.3 billion allocated to overseas and U.S. gas asset development.
Singapore’s GasCo is in talks with LNG suppliers for long-term contracts as it prepares to begin operations by January 2026. The government-backed company aims to secure stable gas supplies for Singapore’s power sector while balancing long-, medium-, and short-term procurement strategies.
Global LNG demand is expected to rebound as new supply enters the market and prices ease, according to executives at the Asia Gas Markets Conference. Lower prices, growing liquidity, and innovative trading strategies are set to drive demand growth across Asia and Europe through the next decade.
China led global underground gas storage expansion in 2025, adding 6 billion cubic meters of capacity to reach 19.8 bcm, according to the International Gas Union. The growth helped lift total global storage to 424 bcm, with Asia emerging as the only region showing robust new development.
QazaqGaz has completed the Taldykorgan–Usharal main gas pipeline 16 months ahead of schedule, marking a key step in expanding gas access to 84 communities and 134,000 residents in Kazakhstan’s Zhetysu region.
JERA Co. will acquire Williams and GEP’s Haynesville Shale gas asset in Louisiana for $1.5 billion, expanding production to 1 Bcf/d and strengthening Japan’s energy giant’s U.S. natural gas and LNG portfolio.
Chevron-led TengizChevroil will restart oil exports through the Baku-Tbilisi-Ceyhan pipeline in November after months of suspension following contamination issues, signaling Kazakhstan’s effort to diversify away from Russian export routes.
Japan’s growing data center and semiconductor industries are fueling a new wave of investment in natural gas pipelines.
Crude oil tankers are being diverted from China’s sanctioned Lanshan terminal, raising fears of congestion at alternative ports like Zhoushan and Tianjin. The U.S. sanctions target Sinopec-linked Rizhao Shihua terminal for receiving Iranian oil.
Indonesia’s PLN EPI and Timas Suplindo have signed an LoI to build the West Natuna gas pipeline to Pemping Island, Batam, a key step to expand domestic gas supply and support the country’s clean energy transition.
Azerbaijan and Kazakhstan are considering increasing crude oil transit through the Baku–Tbilisi–Ceyhan (BTC) pipeline to 7 million metric tons annually by 2027, according to Azerbaijan’s energy minister.
The U.S. has sanctioned a key Sinopec-linked crude oil terminal in China’s Shandong province for handling Iranian shipments, disrupting one-fifth of Sinopec’s imports and tightening oil flows through Asia’s largest refining hub.
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