Shell signs up to 20 year deal with Mexican LNG project
Shell has signed a deal with Mexico Pacific to take 2.6 million tonnes per year of LNG from the first two trains of the project, which will be in Mexico’s state of Sonora.
LNG
Gasunie hands out Brunsbüttel contracts, aims for LNG deliveries this year
Germany is pressing ahead with its plans to begin imports of LNG, with an award going to Friedrich Vorwerk for a pipeline connection to the Brunsbüttel terminal.
Australia’s plunge into energy crisis offers stark reminder for other governments
Eastern Australia is experiencing a severe power crisis, which is largely the result of poor government planning, and serves as a reminder to other nations of the dire consequences that stem from failing to develop a pragmatic energy policy.
Thailand needs ‘shale’ gas moment as energy crisis deepens on PTTEP’s watch
Thailand’s upstream natural gas sector is struggling to reverse falling output due to bad planning and policy from the government, coupled with a seeming lack of innovation at PTT Exploration & Production (BKK:PTTEP), a state-backed company, that is taking increasing control of the country’s gas resources.
BP’s delayed Tangguh Train 3 LNG project is 90% finished
Indonesia’s Ministry of Energy and Mineral Resources has said that the progress of construction at the BP-led Tangguh Train 3 LNG project in Indonesia’s West Papua province has reached more than 90%.
Pakistan faces deeper power crisis as LNG becomes too expensive
Pakistan is facing an escalation of its power crisis after it failed to agree a deal for natural gas supply next month.
Offloading of first LNG starts at PTT-led Nong Fab terminal in Thailand
The PTT-operated Nong Fab liquefied natural gas (LNG) regasification terminal in Thailand has started offloading its first LNG from a carrier, contractor Saipem reported on June 24.
Thailand at risk of fuel crunch with imported gas too pricey
Thailand is curbing imports of liquefied natural gas (LNG) due to surging prices, potentially putting the country at risk of fuel shortages.
Samsung Heavy wins $3bn in orders for 14 LNG carriers
Samsung Heavy Industries said Wednesday it has won orders for 14 liquefied natural gas (LNG) carriers worth 3.9 trillion won ($3 billion) as European countries cut natural gas imports from Russia and seek alternative sources of the fuel in the wake of the Ukraine invasion, reported Nikkei Asia.
China in advanced talks with Qatar for gas stakes worth billions
China’s energy majors are in advanced discussions to invest billions of dollars in Qatar’s massive liquefied natural gas (LNG) expansion project.
First Gen Philippines LNG import terminal delayed, asks BW to delay FSRU delivery
First Gen’s Interim Offshore LNG Terminal project in the Philippines has been delayed and the company has asked BW Gas to delay the delivery of the floating storage and regasification unit (FSRU) BW Paris from Q1 2023 to end of Q2 or early Q3 2023.
Medco Energi eyes more acquisitions in Southeast Asia, ESG in focus
Indonesia’s Medco Energi (IDX:MEDC) is on the lookout for more merger and acquisition (M&A) opportunities in Southeast Asia after successfully buying ConocoPhillips Indonesian assets in a $1.355 billion deal struck last year.
JERA, Tokyo Gas, Inpex to join Santos-led Bayu Undan CCS project
Japan’s three energy companies – JERA, Tokyo Gas and Inpex – plan to join the proposed giant carbon capture and storage (CCS) project led by Santos (ASX:STO), at Bayu Undan offshore East Timor. The trio’s total investment could reach as much as 100 billion yen ($748 million) reported the Nikkei Asia.
Early winter gas rush in Asia signals further price pain ahead
Liquefied natural gas (LNG) buyers in Asia are already busy securing cargoes for winter, indicating that competition in a tight market may lead to a further jump in prices.
US LNG flows into high-priced Europe, deserts China
The US more than doubled LNG exports to Europe in the first four months of the year, according to the Energy Information Administration (EIA).
Pakistan asks Qatar for more LNG to help ease its fuel crunch
Pakistan is in discussions for increased deliveries of liquefied natural gas from Qatar, the latest effort by the South Asian nation to help ease a crippling fuel crunch.
Shell teams up with key Japanese LNG buyers to accelerate decarbonisation
Shell (LON:SHEL) and Japanese liquefied natural gas (LNG) buyers Tokyo Gas and Osaka Gas will together explore potential opportunities to accelerate decarbonisation across their respective production value chains.
Tycoon Razon to acquire Philippines Malampaya gas project from Udenna, Shell divestment ongoing
Philippine billionaire Enrique Razon will acquire a controlling stake in businessman Dennis Uy’s Malampaya gas project, in a move that may help extend the life of a field that fuels some of the nation’s biggest power plants. Significantly, Shell is also in the process of trying to divest its share of Malampaya.
The demise of an E&P star – the sad tale of Pakistan Petroleum
The sad story that follows is based on the authors' personal experience as a director on the board of Pakistan Petroleum Limited between September 2014 and October 2018. He thought it important to document the events that transpired during that time so that perhaps the Government of Pakistan will take note and take corrective action. Though the damage done is severe, there may yet be time to salvage the situation.
Mubadala leans on gas to hit the 500,000 boepd mark
Abu Dhabi’s Mubadala Petroleum has reached 500,000 barrels of oil equivalent per day, for the first time in its history.
India’s GAIL seeks long-term LNG deal, eyes expanding ties with Russia’s Gazprom
India's state-run gas utility GAIL is seeking a one million tonne per year (t/y) liquefied natural gas (LNG) import deal for ten years starting 2023 to help meet the country's expanding demand for cleaner fuels amid increasing energy consumption, said the company’s chairman Manoj Jain earlier this week.
High LNG prices for longer could see Asian buyers head for the exits
Spot liquefied natural gas (LNG) prices in Asia remain near unprecedented highs, driven by market tightness and supply-side uncertainties made worse by the Russia-Ukraine conflict. Significantly, while the persistently high LNG prices might be a boon for producers, they may stunt long-term demand expansion in Asia.
Shell approves $2.5bn Crux gas project to backfill Prelude LNG off Australia
Shell (LON:SHEL) has taken a final investment decision (FID) to develop the Crux natural gas field offshore Western Australia.
Pakistan considers gas import deal with countries including Russia
Pakistan said it is considering to sign a liquefied natural gas (LNG) purchase agreement with various countries including Russia as it seeks to secure supply and ease a crippling shortage.
Galileo aims to bring LNG to the masses
Developing LNG projects is traditionally seen as a big-ticket item, reserved for the few. Costs are high and equipment specialised, making the resource out of reach for most smaller scale operators – despite the advantages it offers.