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Asian LNG News - page 4

 

Qatar Petroleum to Take Full Control of Qatargas 1

Mar 30, 2021

Qatar Petroleum said Tuesday it wouldn't be renewing its Qatargas 1 LNG joint venture with Total, ExxonMobil, Marubeni, and Mitsui.Upon the expiry of the relevant joint venture agreements on December 31, 2021, Qatar Petroleum will become the sole owner of 100% of the Qatargas assets and facilities…

CNOOC to Fuel 50 New Gas-powered River Vessels

Mar 30, 2021

China National Offshore Oil Company, or CNOOC, said on Tuesday its gas and power unit would fuel 50 gas-powered vessels to be built by a state-run shipping group as part of the country's gasification push.The vessels, all for dry bulk shipments and scaled at 2…

Petronas Becomes First Company to Produce LNG from Two FLNG Units

Mar 25, 2021

Malaysian oil and gas company Petronas has become the first energy company to produce LNG from two floating LNG facilities, after the LNG shipment was delivered by its floating LNG facility PFLNG DUA on Wednesday, March 24.The cargo was loaded…

Petronas, CNOOC to Collaborate on Cleaner Energy Solutions, LNG Bunkering

Mar 15, 2021

Malaysian oil company Petronas and China-based oil firm CNOOC, have signed a memorandum of understanding to 'pursue mutual growth through closer collaboration.''The MoU elevates the long-standing relationship between the two parties from primarily…

Keppel Delivers Another LNG Vessel to Avenir LNG

Mar 10, 2021

Keppel Offshore & Marine has delivered its second newbuild LNG carrier, the Avenir Accolade, to Avenir LNG.The LNG carrier can also function as an LNG bunkering vessel (LBV), making it the third LBV that Keppel has delivered.'The dual-fuel Avenir…

AG&P Gets OK to Develop the Philippines LNG Import Terminal in Batangas Bay

Mar 08, 2021

- Atlantic Gulf & Pacific Company (AG&P) said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas (LNG) import and regasification terminal in Batangas Bay, south of Manila.The firm, part owned…

Shell: LNG Demand to Almost Double by 2040

Feb 26, 2021

Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook.Demand was 360 million tonnes last year, up slightly from 2019's 358 million tonnes…

Singapore: Pavilion Energy, Chevron Pen LNG Supply Deal

Feb 22, 2021

Singapore's Pavilion Energy Trading & Supply Pte Ltd said on Monday it signed a six-year sale and purchase agreement with Chevron Corp for about 0.5 million tonnes per year of LNG supplies from 2023.Pavilion Energy, owned by Singapore state-owned investment company Temasek Holdings…

Woodside Eyes Pluto Plant Stake Sale ahead of $11B Scarborough Field Sanction

Feb 18, 2021

Woodside Energy expects strong buyer interest in the sale of a share of a new production unit at its Pluto LNG plant, top executives said on Thursday, a precondition for a planned $11 billion expansion at its Scarborough gas and Pluto project…

Australia's South Needs LNG Import Terminal to Avoid Gas Shortfall in 2024

Feb 16, 2021

Australia's southern states will need to import natural gas to fill a looming shortfall by 2024, as last year's COVID-19 induced oil and gas price slump has slowed investment in new fields, the country's competition watchdog said on Tuesday…

Inpex Slumps to First Annual Loss in 12 years

Feb 10, 2021

Japan's biggest oil and gas explorer Inpex Corp posted a net loss of 111.7 billion yen ($1.1 billion) in 2020 as the COVID-19 pandemic hammered oil prices, cutting its sales and forcing it to book hefty impairment losses.The result marks Inpex's…

'Largest LNG Project Ever:' Qatar Petroleum Sanctions North Field East Project

Feb 09, 2021

Qatar Petroleum on Monday took the final investment decision for the development on the North Field East Project (NFE), in what the company said was the world’s largest LNG project ever. The total cost of the project is estimated at $28.75 billion…

Peninsula Sets a Record in First LNG Bunker Deal

Feb 08, 2021

Marine fuels solutions company Peninsula said its first ever liquefied natural gas (LNG) bunker supply was a record breaker.At the end of January, in partnership with PETRONAS Marine, Peninsula completed its first LNG bunker supply to H-Line Shipping in Malaysian waters…

Woodside Sees Global LNG Market Tightening

Jan 22, 2021

Australia’s Woodside Energy sees the liquefied natural gas (LNG) market tightening this year, with demand growing especially in Asia, after prices were battered by a supply glut in 2020, its chief executive said on Thursday.LNG supply in 2021 will be partly tighter as Woodside…

Two LNG Tankers Bound for Australia's Prelude Facility Divert

Jan 19, 2021

Two liquefied natural gas (LNG) tankers that had initially signaled they would load at Royal Dutch Shell's Prelude floating LNG facility in Australia have diverted elsewhere, ship-tracking data showed on Tuesday.This comes just a week after…

Current News

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China Looks to Lock in US LNG as Energy Crunch Raises Concerns

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Oil Prices Hit a Fresh Three-year High on Supply Deficit Concerns

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Wearing Men's PPE Puts Women Working Offshore at Risk, Red Wing Says

Oil Rises on IEA Demand Forecast

Oil Rises on IEA Demand Forecast

BP to Buy All Oil Produced from Cliff Head Offshore Field (Australia)

BP to Buy All Oil Produced from Cliff Head Offshore Field (Australia)
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