Qatar signs first long-term LNG deal with China’s Sinopec
Qatar Petroleum will supply China’s Sinopec with 2 million tonnes per year of LNG for a ten-year term.
LNG
First Gen close to awarding FSRU deal in Philippines
First Gen will award a deal for the charter of a floating storage regasification unit (FSRU) to support its Interim Offshore LNG Terminal project in the Philippines by the end of March.
China launches maiden LNG bunker ship
China’s first seagoing liquefied natural gas (LNG) bunker vessel has been launched in Dalian to service ships passing through the waters of East China.
Politics muddy the race for first LNG in the Philippines
The Philippines this week approved yet another proposed liquefied natural gas (LNG) import scheme as the country faces a looming gas supply crunch. However, the latest award, to AG&P, underscores the department of energy’s (DOE’s) lack of strategy for LNG imports in the power-hungry Southeast Asia nation.
Keppel delivers small-scale LNG carrier
Singapore’s Keppel Offshore & Marine (Keppel O&M) has delivered its second newbuild liquefied natural gas (LNG) carrier to small-scale integrated supplier Avenir LNG.
Risk managers needed in the transformation of energy markets
The big question is what role natural gas will play in the changes in the global energy market, says the CEO of MET International. György Vargha explains why it is so important to manage risks in an integrated way.
Blow for Santos as China’s ENN exits
Santos said today that its largest shareholder had sold about one third of its stake worth A$785 million ($603.7 million) in the Australian gas producer. This ends a strategic relationship with ENN Group, which is one of the largest gas distributors in China.
South Korea’s SK makes $16bn push into hydrogen
South Korean conglomerate SK Group will invest 18.5 trillion won ($16.5 billion) over the next five years to develop a domestic hydrogen industry.
Indonesia’s Pertamina plans $92 billion spend
Indonesian national oil company (NOC) Pertamina has a planned capital expenditure totalling $92 billion for the term 2020-24. The NOC will be seeking external funding and partnerships to meet this goal.
Energy sector at risk from U.S.-China flashpoints
The increasing geopolitical rivalry between the U.S. and China has more than a 50% chance of spilling over into some form of military confrontation in the year ahead. This could involve threats, posturing, or the actual use of force, as well as have serious implications for energy companies and markets.
Time running out to finance African gas projects
Policies intended to tackle climate change are “closing doors on opportunities to allow poorer nations” to secure energy access, Renergen CEO Stefano Marani has said.
Big oil steps up investments in Indian gas and renewables
Majors, such as BP, Total and Shell, as well as Asian national oil companies (NOCs), are stepping up their investments in India’s rapidly expanding gas and renewables markets.
Sri Lanka seeks FSRU as part of LNG import plan
The Ceylon Electricity Board (CEB) has launched an international tender process for a floating storage regasification unit (FSRU) as Sri Lanka aims to start importing liquefied natural gas (LNG).
Total wins Singapore’s third LNG bunker licence
France’s Total will join FueLNG - a joint venture between Keppel O&M and Anglo-Dutch major Shell - and Pavilion Energy, as a licensed LNG bunkering provider at the port of Singapore.
QP awards Samsung C&T $2bn LNG storage work
Qatar Petroleum (QP) has awarded LNG storage construction work to Samsung C&T, as part of its North Field East (NFE) project.
Russia to export more LNG to China
Russian gas independent Novatek is set to export more than 3 million tonnes per year (t/y) of LNG to China from the Arctic LNG 2 project as part of its latest deal with Shenergy Group.
PTTEP warns Chevron handover at Erawan a key risk
Thailand’s PTT Exploration & Production (PTTEP) reported it is having difficulty accessing the Chevron-operated Erawan gas field to install production facilities as planned, ahead of a handover next year.
Repsol’s Indonesian wildcat targeting 4 Tcf of gas
Analysts at IHS Market report that Repsol’s highly anticipated Rencong-1X wildcat in the frontier deep waters of Indonesia’s North Sumatra basin is targeting prospective gas resources of 4 trillion cubic feet (cf).
Doubts raised over Pertamina’s Mozambique LNG deal
Indonesia national oil company (NOC) Pertamina is reviewing its liquefied natural gas (LNG) purchase contract with the Total-led Mozambique LNG development after lawmakers questioned the deal signed in 2019.
Singapore eyes global hub role as first LNG bunkering ship starts up
FueLNG, a joint venture between Keppel O&M and Anglo-Dutch major Shell, has started up Singapore’s first LNG bunkering ship, the FueLNG Bellina. It marks part of Singapore’s efforts to establish itself as a global LNG bunkering hub.
Cheniere aims for carbon accountability on LNG cargos
Cheniere Energy has set out plans to provide greenhouse gas emissions data from its LNG cargoes as of 2022.
Philippines pushing for upstream renaissance
Law makers in the Philippines are seeking to refocus the Philippine National Oil Company’s (PNOC’s) investment mandate towards exploration and production ventures. The move is part of an effort to revive the Southeast Asian nation’s ailing upstream sector and attract new investment as its energy security situation continues to deteriorate.
Qatar and Vitol nail down Bangladesh LNG deal
Qatar Petroleum will supply 1.25 million tonnes per year (t/y) of liquefied natural gas (LNG) to Bangladesh after signing a deal with global trader Vitol.
Egypt talks Leviathan, Gaza Marine plans
Israeli and Egyptian ministers have met to talk about a proposed pipeline from the Leviathan field to LNG plants.
Chevron wins carbon-conscious Singapore LNG deal
Chevron will supply 0.5 million tonnes per year of liquefied natural gas (LNG) to Singapore under a carbon-conscious deal with the island nation’s Pavilion Energy.