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Asia Pacific

Project Insights

Tianjin terminal ranks first for Chinese trucked LNG sales

CNOOC’s Tianjin regasification facility sold an average of 274 truckloads of LNG per day last week

2 days ago LNG
Sinopec’s Lichuan gas processing plant in Hubei province

Hubei Energy’s gas supply to stall in short term

The main energy company of central China’s Hubei province has made moves to beef up local gas supplies, but they will be too late to provide a boost in the short term.

2 days ago Exploration & Production
An LNG tanker owned by Qatargas

Pakistan reliant on LNG as Eni’s Kekra 1 well comes up dry

Eni and ExxonMobil have failed to find hydrocarbons in the Kekra 1 well in Pakistan, leaving the country reliant on imported LNG to meet its growing demand for gas.

2 days ago Exploration & Production

South Korea’s LNG imports up 5% in April

South Korea imported 3.36 mt of LNG in April, bringing an end to a three-month streak of imports falling on an annual basis.

3 days ago LNG

Chinese domestic LNG prices rise on strong demand

Increased offtake from the industrial and power sectors helped lift the price of China’s domestic LNG to $10.44/MMBtu last week.

3 days ago LNG

Asian spot LNG prices drop by just over 4%

The average price of spot LNG in major Asian markets ended last week at $5.32/MMBtu, down from $8.55/MMBtu at the same point last year.

4 days ago LNG

Malaysian LNG exports up 7% in Q1

Malaysia sent out more LNG in Q1 2019 than it did in the same period in both 2018 and 2017, but pipeline problems could once again see disappointing results for the year as a whole.

4 days ago LNG
ENN city-gas storage tanks.

China gas distributors set for steady profitability

Gross margins on gas sales, an important driver of earnings growth for China’s gas distributors, will remain stable this year despite concerns they could be compressed by retail gas price cuts.

5 days ago Supply & Demand

Power and industry to boost northern China’s LNG output

Increased gas demand from the power and industrial sectors will see northern China up its LNG production this week.

16 May 2019 LNG
ConocoPhillips' Bayu Undan platform in the Timor Sea

Chinese finance bolsters East Timor LNG plan

China International Capital Corp.'s agreement to help finance the onshore element of East Timor's Greater Sunrise project is a positive development, but doubts remain.

16 May 2019 Exploration & Production
The Tongyeong LNG terminal. (Kogas)

Kogas sees opportunities in small-scale LNG

The delivery of a small-scale LNG vessel this month will allow Kogas to start operations at its Jeju terminal and a second such vessel will offer ship-to-ship bunkering at the port of Busan.

16 May 2019 LNG
The CNOOC 301 small-scale LNG carrier berthing at CNOOC's Tianjin terminal

CNOOC steps up LNG bunkering in China

Construction has started on CNOOC’s first pair of LNG bunkering vessels, which once finished will enable the state-owned LNG importer to start realising its ambitions of building a national refuelling network.

16 May 2019 LNG

LNG sales shoot up on SHPGX

The Shanghai exchange saw brisk trading last week, with nearly 250,000 tons of LNG being sold.

15 May 2019 LNG

Pakistan’s LNG imports hit second-highest level to date in April

The country took 22% more LNG year on year in April 2019, a volume amounting to more than 700,000 tons.

15 May 2019 LNG

Asian spot LNG prices edge upwards

Increased demand from the power sector helped push up spot prices by 3.5% last week, with prices averaging $5.6/MMBtu on Friday.

14 May 2019 LNG
An LNG tanker at the Ningbo terminal

CNOOC ramps up Ningbo LNG imports to feed Zhejiang’s demand

CNOOC’s LNG terminal in Zhejiang province recorded a big jump in import volumes for the first four months of 2019, bucking relatively weak growth in China’s overall gas imports over the period.

13 May 2019 LNG

Thailand’s LNG imports up 40% in Q1

Thailand’s LNG imports are growing as the country’s domestic gas production is declining.

13 May 2019 LNG

CNOOC’s Tianjin terminal tops China’s trucked LNG sales

CNOOC’s Tianjin facility sold the most truckloads of LNG in China last month despite a decline from March.

9 May 2019 LNG
Indonesian President Joko Widodo at an election rally in April 2019.

FLNG still an option for Indonesia’s Abadi field

The Indonesian government may reconsider FLNG as an option for the Abadi gas field as progress on the planned onshore development has been slow.

9 May 2019 LNG

Japan LNG demand to rise as nuclear shuts down

The shutdown of Japan’s nuclear power plants beginning from next year will see the country turn back to LNG to meet power demand.

9 May 2019 LNG

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