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Asia

Asia

China still meddling at Harbour’s Tuna Block offshore Indonesia

Chinese law enforcement vessels remain active at Harbour Energy’s (LON:HBR) Tuna Block in the Natuna Sea within Indonesia’s exclusive economic zone (EEZ), according to the latest analysis by Asia Maritime Transparency Initiative (AMTI). Their presence underscores Beijing’s assertion that it has territorial rights in this area of the South China Sea.

Asia

Woodside sells 49% stake in Pluto LNG Train 2 to GIP

Woodside (ASX:WPL) has struck a deal to sell a 49% interest in its proposed Pluto Train 2 liquefied natural gas (LNG) export project in Western Australia to fund manager Global Infrastructure Partners (GIP). Significantly, LNG from the project is claimed to be one of the lowest carbon intense sources of the fuel to be delivered into Asia, attracting GIP.

Asia

Accepting gas as sustainable will hurt Korea’s green finance credentials

After six months of resisting industry calls to add liquefied natural gas (LNG) to its green taxonomy, the South Korean government last week finally succumbed to gas lobbyists, says Institute for Energy Economics and Financial Analysis (IEEFA).

Asia

Questions swirl around Petronas’ Kasawari CCS

The Malaysian government and state-backed Petronas have made commitments to cut greenhouse gas emissions. However, these goals become particularly challenging when many undeveloped fields with high levels of carbon dioxide (CO2) and hydrogen sulfide need to be tapped to backfill Malaysia’s LNG export complex in the coming years.

Asia

Bechtel eyes $10bn Taiwan energy opportunity

US engineering firm Bechtel expects at least $10 billion worth of business opportunities in Taiwan over the next decade as the island makes an aggressive push to cut back on coal and slash emissions, reported Nikkei Asia.