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Asian LNG News

 

Wison Secures $1B Contract from Genting to Build Indonesia’s First FLNG Unit

Jun 25, 2024

Malaysia’s Genting has awarded a contract to China’s Wison New Energies to construct a 1.2 mtpa floating liquefied natural gas (FLNG) unit to be deployed offshore Indonesia, under a deal worth over $1 billion.Genting’s engineering, procurement, construction, installation and commissioning (EPCIC) contract awarded to Wison on June 20, 2024, is valued at $962.8 million, which would exceed $1 billion including reimbursable costs of up to $70 million…

Woodside and Taiwan’s CPC Ink Long-Term LNG Supply Deal

Jul 11, 2024

Australian oil and gas giant Woodside has signed a sale and purchase agreement (SPA) with CPC Corporation for the long-term supply of liquefied natural gas (LNG) to Taiwan.Under the SPA, Woodside will supply approximately 6 million tonnes of LNG on a delivered basis over 10 years…

Malaysia's Sabah State to Develop Oil, Gas Facilities with Gibson Shipbrokers

Jul 01, 2024

London-based Gibson Shipbrokers and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas facilities in the Southeast Asian nation's Sabah state.The oil and gas facilities will…

Shell to Buy Singapore’s Pavilion Energy

Jun 18, 2024

Shell has reached an agreement with Carne Investments, an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy, a Singapore-based global liquefied natural gas (LNG) trading business.Pavilion Energy is…

Temasek to Finalize Deal with Shell for Pavilion Energy LNG Asset Sale

Jun 13, 2024

Singapore's Temasek Holdings is finalizing the sale of some assets from liquefied natural gas (LNG) trading firm Pavilion Energy to Shell with a deal set to be completed in the coming days, two sources with knowledge of the matter said.The deal will provide Shell…

TotalEnergies Inks Two LNG Supply Deals in Asia

Jun 04, 2024

TotalEnergies has signed two new medium and long-term contracts with Korea South-East Power and Indian Oil Corporation (IOCL) for the supply of LNG in Asia.TotalEnergies reached a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800…

Full LNG Production Restored at Gorgon Facility in Australia

Jun 03, 2024

Chevron has resumed full liquefied natural gas (LNG) production at its Gorgon Gas facility in Australia, after a mechanical fault caused one production train to go offline in late April.'Chevron Australia has resumed full LNG production from…

Bangladesh's Summit LNG Pauses FSRU Operations Due to Cyclone Damage

Jun 03, 2024

Bangladesh's Summit LNG has paused operations at its floating storage and regasification unit (FSRU) in Moheshkhali after it was hit by a stray pontoon during a cyclone on May 27, the company said in a statement to Reuters on Friday.'There was damage to the ballast water tank of the FSRU…

Extreme Asian Heat Spurs LNG Demand Ahead of Summer Months

May 31, 2024

Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records.This could tighten available supply and further lift Asian spot prices that have already gained a third since April…

Oil and Gas Firm Santos Taps Japan's Hokkaido Gas for LNG Supply

May 28, 2024

Santos will supply up to about 400,000 tonnes of liquefied natural gas every year for a decade starting 2027 to Japanese energy firm Hokkaido Gas, Australia's second biggest independent oil and gas producer said on Tuesday.The firms will work…

Papua LNG Project Requires 'More Work' to Reach FID, TotalEnergy Says

Apr 08, 2024

French oil and gas giant TotalEnergies on Monday said a planned new liquefied natural gas (LNG) project in Papua New Guinea would require 'more work' before a final investment decision could be reached.TotalEnergies said its Chief Executive…

MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation

Apr 05, 2024

Mitsui O.S.K. Lines (MOL) has started commercial operation of the floating storage and regasification unit (FSRU) Jawa Satu for the Jawa 1 LNG-fired power plant in Indonesia.MOL owns the FSRU through PT Jawa Satu Regas (JSR), jointly established by PT Pertamina (Persero)…

Japan’s Mitsubishi Invests in EIG’s LNG Unit MidOcean Energy

Apr 02, 2024

MidOcean Energy, a global liquefied natural gas (LNG) company formed and managed by EIG, has secured a strategic investment from Mitsubishi Corporation, set to accelerate its strategy to create a global ‘pure play’ integrated LNG company.The…

Gazprom Uses Replacement Vessel to Maintain Gas Loadings

Apr 01, 2024

Russia's Gazprom is using a replacement vessel for ship-to-ship loadings (STS) of liquefied natural gas from its Portovaya LNG plant on the Baltic Sea while another ship is repaired, LSEG data showed on Monday.The floating storage and regasification…

Petronas Starts Construction of Malaysia's First Nearshore FLNG Facility

Apr 01, 2024

Malaysia’s state-owned energy company Petronas has started the construction of its nearshore floating liquefied natural gas (FLNG) unit, set to become Malaysia’s first such facility once in operation.A steel cutting ceremony for the nearshore…

Current News

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Woodside and Taiwan’s CPC Ink Long-Term LNG Supply Deal

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