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Asian LNG News

 

TotalEnergies Pulls Out of Russia's Novatek with $3.7B Write-down

12 hours ago

French oil giant TotalEnergies, one of the last Western holdouts in Russia after the war in Ukraine, said it was withdrawing its two members from Novatek's board and would take a $3.7 billion hit to write off the value of its stake in the Russian group. The charge brings the total impairments TotalEnergies has taken on its Russian holdings so far this year to $14.4 billion, still below the $25.5 billion pre-tax impairment rival BP took on the value of its Russian assets at the end of March…

Woodside Energy Delivers LNG from Australia's North West Shelf to Europe

Nov 28, 2022

Australian oil and gas company Woodside Energy said Monday it had delivered an LNG cargo to Europe on board the Woodside Rees Withers LNG carrier from Australia’s North West Shelf. The cargo of approximately 75,000 tonnes of LNG (100 million cubic meters of natural gas) was delivered on November 27…

Australia's LNG Exporters Have a No-win Domestic Dilemma: Russell

Nov 22, 2022

Australia's liquefied natural gas exporters have a problem at home, where industrial and domestic consumers are making strident demands for them to accept a price cap, higher taxes, guaranteed volumes or some combination of all of these.The…

Qatar Pens 27-year Deal with China as LNG Competition Heats Up

Nov 21, 2022

QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following Russia's invasion of Ukraine in February…

Petronas Wants to Join Abadi LNG project - Indonesian regulator

Nov 16, 2022

Malaysian state oil and gas company Petronas has expressed interest in participating in Indonesia's takeover of Shell's stake in the Abadi LNG project, Indonesia's upstream oil and gas regulator told a parliamentary hearing on Wednesday.The…

Japan Consortium to Apply for Stake in New Operator of Russia's Sakhalin-1 Project

Nov 04, 2022

Sakhalin Oil and Gas Development Co (SODECO), a Japanese consortium, has decided to participate in the new Russian operator of the Sakhalin-1 oil and gas project in the Far East, an official at the Japanese industry ministry said. SODECO, which…

ConocoPhillips Joins QatarEnergy's North Field South Expansion as Final International Partner

Oct 31, 2022

QatarEnergy has selected ConocoPhillips as its third and final international partner in the North Field South (NFS) expansion project. The project comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA).The…

​PetroChina Takes Delivery of Large LNG Carrier from CSSC Shipyard

Oct 26, 2022

PetroChina International has taken delivery of a large liquefied natural gas (LNG) carrier from China's Hudong-Zhonghua Shipbuilding Group Ltd, the first of three tankers ordered under a joint venture with state shipping firms.The vessel Shaolin…

Svanehøj Inks Deal to Supply Chinese LNG-import Terminal

Oct 24, 2022

In February 2023, Svanehøj Tank Control Systems will deliver the tank gauging system for COOEC’s six new LNG tanks for the Longkou Nanshan LNG Terminal which is under construction.Global investments in LNG are increasing, not least in China…

Baron Oil Says Its Timor Leste Offshore Block Could Hold More Gas Than Initially Thought. Targets First Gas in 2028

Oct 24, 2022

The AIM-quoted oil and gas exploration and appraisal company Baron Oil said Monday that its Chuditch Production Sharing Contract, offshore Timor-Leste could hold much more gas than previously estimated.According to the company,  per the preliminary…

AG&P Converts LNG Carrier intu FSU for LNG Import Terminal in the Philippines

Oct 24, 2022

Atlantic, Gulf & Pacific International Holdings (AG&P) said Sunday that it had converted the 137,512 cubic meter LNG carrier called ISH into a Floating Storage  Unit (FSU), which will be a part of an LNG import terminal in the Philippines from 2023…

EIG's MidOcean Energy to Buy Tokyo Gas’ Interests in Gorgon, Pluto, Ichthys, Queensland Curtis LNG Projects

Oct 07, 2022

EIG-backed LNG company MidOcean Energy has agreed to acquire Tokyo Gas’ interests in a portfolio of four Australian integrated LNG projects, Gorgon LNG, Ichthys LNG, Pluto LNG, and Queensland Curtis LNG for $2.15 billion in cash. 'These integrated…

Three New Players to Join Qatar Energy's North Field South (NFS) Project

Oct 06, 2022

Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said that three new partners will be entering the North Field South (NFS) project in addition to the partner recently announced, adding that they will be announced in due course…

QatarEnergy to Be the Largest LNG Trader Over Next 5-10 years - Minister

Oct 05, 2022

QatarEnergy CEO and state minister for energy Saad al-Kaabi said on Wednesday that his company will become the world's largest trader of liquefied natural gas (LNG) over the next 5-10 years, a position that is currently held by Shell. Following Russia's invasion of Ukraine…

Brassavola LNG Bunker Vessel Named in Singapore

Oct 04, 2022

TotalEnergies Marine Fuels has moved closer to starting its LNG bunkering services in  Singapore, following a ship naming ceremony of the Brassavola LNG bunker vessel that was held at Sembcorp Marine’s Tuas Boulevard Yard on Tuesday.Measuring 116…

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