Australia’s Beach Energy (ASX:BPT) has significantly cut estimated gas reserves at its LNG export project near Perth, Western Australia, by 11% following the Waitsia Stage 2 drilling campaign. BP (LON:BP) has an agreement to offtake the liquefied natural gas (LNG) volumes, which could be in doubt if the geology does not stack up as expected.
Brunei LNG will start supplying liquefied natural gas (LNG) to Japan Petroleum Exploration Co. (JAPEX) from April as the company seeks to stabilise finances by boosting shipments to its largest export destination, reported Nikkei Asia.
The Philippines has approved a plan to build a small-scale liquefied natural gas (LNG) terminal, adding to six ongoing projects that are expected to boost domestic supply from imports as the Southeast Asian nation’s sole gas field dries up in three years.
The Western Australian government today signed a new Memorandum of Understanding (MOU) with the Japan Bank for International Cooperation (JBIC) covering hydrogen, ammonia, low emission technology and decarbonisation.
Thailand’s state-backed energy company PTT Exploration and Production (PTTEP) expects to sell its Cash-Maple gas and condensate field in Australia in 2023, according to a report in the Bangkok Post.
US natural gas futures extended losses below $3 amid mild winter weather that helped spark the worst selloff among the country’s commodities.
Woodside Energy (ASX:WDS) produced record volumes of oil and gas in 2022, the Australian LNG exporter announced today as it released its fourth quarter financials. Woodside is also getting ready for numerous final investment decisions (FIDs) on various projects in 2023.
The development of the Santos-operated Barossa offshore gas development that will backfill the Darwin LNG export plant in Australia looks set to be further delayed after the offshore regulator suspended planned construction of an offshore pipeline due to indigenous heritage concerns.
South Korea will boost nuclear power generation and downgrade its plans for renewable energy as the nation overhauls its electricity mix to meet emissions reduction targets.
Indonesia has approved a revised plan of development for Eni’s (MIL:ENI) Merakes and Merakes East gas fields with a total investment of $3.35 billion.
Carbon capture and storage (CCS) will form a key plank in INPEX’s (TYO:1605) efforts to progressively decarbonise its Ichthys liquefied natural gas (LNG) operations in Australia’s Northern Territory. It will also help Japan’s biggest energy company establish the foundations for the next generation of clean fuels.
The first liquefied natural gas (LNG) tanker to berth at Shell's (LON:SHEL) Prelude floating LNG (FLNG) project off Western Australia since it was shut down after a fire has started loading, Refinitiv data shows.
Much has been written about the economic consequences of the Russian invasion of Ukraine, particularly as the shutdown of the Nord Stream gas pipeline has left the European market scrambling for cover in the form of liquified natural gas (LNG).
Inpex, Japan's biggest oil and natural gas explorer, plans to accelerate its expansion of production and sales of liquefied natural gas (LNG) as it expects the LNG market will remain tight in the mid-term.
The UK government said it’s confident Britain will have enough energy to get through next winter as liquefied natural gas flows boost supplies and demand is reined in.
Malaysia’s Petronas has awarded local engineering company Kejuruteraan Asastera Berhad (KAB) a MYR230 million (US$52.6 million) engineering, procurement, construction, and commissioning (EPCC) contract for a 52MW power plant for an upcoming floating liquefied natural gas (FLNG) project.
The loss of Russian gas supplies has led to a supply deficit in Europe which is likely to last over the coming three to four years and sustain higher gas prices. To avoid the long-term deindustrialization of Europe and the impoverishment of millions of citizens, Europe needs an energy security plan that looks beyond public support, energy savings and renewable electrification only.
Japan agreed to purchase more liquefied natural gas from the US and Oman in the latest move to secure fuel supplies and avoid future shortages.
The government of Indonesia has granted a 20-year extension of the Tangguh production sharing contract (Tangguh PSC) to BP (LON:BP), operator of the PSC, and its Tangguh PSC partners at the LNG export development.
Japan’s JGC and South Korea’s Samsung Heavy Industries will build Petronas’ third floating liquefied natural gas (FLNG) project after winning the engineering, procurement, construction and commissioning (EPCC) contract.
The Bank of Japan’s latest policy shock will provide some relief to the nation’s energy crisis, helping to cut the cost to procure fuel from overseas.
Last month, a satellite flew over the dry, arid landscape of South Australia state’s Cooper Basin and spotted a large cloud of the super potent greenhouse gas methane.
Multi-billion-dollar oil and gas projects remain delayed in Vietnam and undermine the Southeast Asian nation’s ambitions to expand its gas production capabilities as it seeks to move away from coal-fired power.
Hastily assembled legal teams. Accusations of Soviet-era policy. Counter jabs about “Putin profits.” Warnings of a threat to future investment.
Australia passed a law to cap domestic prices of natural gas to limit the impact of soaring global costs on local power bills, ignoring protests from the nation’s powerful energy exporters.