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Asian LNG News

 

Asia Demand to Drive Cheniere's LNG Shipments this Year

Mar 07, 2023

Cheniere Energy expects to ship more liquefied natural gas (LNG) to Asia this year, after European customers took the lion's share of its 2022 cargoes, an official said on Monday.The top U.S. exporter of LNG shipped a total of 638 cargoes last year, with slightly over 70% delivered to Europe, Chief Operating Officer Corey Grindal said at the CERAWeek energy conference.Cheniere last year gave the financial go ahead for an expansion of its Corpus Christi…

Alaska's Qilak LNG Targets Asia with $5B Project to Compete with Russia

Mar 08, 2023

Qilak LNG plans to invest $5 billion in a proposed liquefied natural gas (LNG) facility in Alaska's North Slope to compete with Russia's Yamal project for Asian customers towards the end of this decade, its chief executive said. Major LNG importers such as Japan…

Samsung Heavy Delivers LNG Pair for MISC

Jan 31, 2023

Seri Damai, Seri Daya join MISC LNG Carrier FleetMISC welcomed two of its latest new generation of Liquefied Natural Gas (LNG) carriers, Seri Damai and Seri Daya to its fleet of LNG carriers. These 174,000 CBM LNG carriers were built for MISC by Samsung Heavy Industries Co…

Santos Faces New Delay on Barossa Gas Pipeline Due to Heritage Assessment

Jan 24, 2023

Santos Ltd faces a new delay in developing the Barossa gas project off northern Australia after a regulator ordered it to evaluate environmental risks to underwater indigenous cultural heritage before starting pipeline construction.The Jan. 13 notice…

Pertamina Still Discussing Plan to Take Over Shell's Abadi LNG Stake

Jan 17, 2023

Indonesian state energy firm Pertamina is still discussing its plans to participate in the Abadi liquefied natural gas (LNG) project with the country's upstream oil and gas regulator, officials said on Tuesday. Indonesia has been seeking an…

Japan's Inpex to Ramp up LNG Output, Sales, CEO Says

Jan 12, 2023

Inpex Corp, Japan's biggest oil and natural gas explorer, aims to accelerate its expansion of production and sales of liquefied natural gas (LNG) on the premise that LNG market will remain tight in the mid-term, its CEO said on Thursday. 'Global…

Shell LNG Trading Gives Quarterly Boost

Jan 06, 2023

Earnings from Shell's liquefied natural gas (LNG) trading operations are likely to have been significantly higher in the fourth quarter of last year despite a sharp output drop owing to plant outages, it said on Friday.Europe's largest oil and…

How Will Japan Resolve Shipping Insurance for Russian LNG imports?

Dec 29, 2022

Japan, the world's top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from Russia after Western reinsurers said they would halt marine war insurance for ships travelling in Russian waters from Jan…

Australia Gas Price Cap Boosts LNG Import Terminal Plans but Adds risk

Dec 14, 2022

Australia's plan to control domestic natural gas prices, which producers say will deter the development of new supply, is expected to boost the prospects for proposed LNG import terminals but potentially defeat the government's aim to cut energy bills…

Chinese Shipyards Feast on Record LNG Tanker Orders as S.Korea Builders Fully Booked

Dec 12, 2022

China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked. Three…

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

Dec 09, 2022

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…

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…

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