Asia News

Latest news and developments from Asia region

• India’s Petronet LNG Limited eyes 25 per cent stake in Mundra LNG terminal

  May 1, 2013
  India’s largest liquefied natural gas (LNG) importer, Petronet LNG Limited (PLL), is looking at picking up a 25 per cent stake in a new gas import terminal being planned by India’s state-owned Gujarat State Petroleum Corporation (GSPC).

• Mitsui OSK acquires 20 per cent stake in Sinopec LNG carrier project

  April 30, 2013
  In the biggest-ever contract for shipping liquefied natural gas (LNG) to China, Japan’s Mitsui OSK Lines has acquired a 20 per cent holding in a USD1.5 billion LNG shipping project being led by China’s state-owned energy giant China Petroleum and Chemical Corporation (Sinopec).

• Australia’s Woodside explores FLNG option for its Browse project

  April 30, 2013
  Australian energy giant Woodside Petroleum has announced that it is considering the adoption of an untested floating platform technology in order to forge ahead with its Browse liquefied natural gas (LNG) project.

• CNPC wins NDRC’s approval to buy stakes in Browse LNG projects

  April 28, 2013
  China’s economic planner, the National Development and Reform Commission (NDRC), has granted approval to China’s largest state-owned energy company, China National Petroleum Corporation (CNPC), to purchase minority stakes in the Browse liquefied natural gas (LNG) projects located offshore Australia.

• India’s Petronet LNG Limited signs 20-year gas purchase deal with United LNG of US

  April 26, 2013
  In its first agreement to buy liquefied natural gas (LNG) from the United States (US), Petronet LNG Limited (PLL), India’s biggest LNG importer, has signed an initial pact with US-based United LNG to buy 4 million tonnes of LNG per annum for 20 years beginning in 2018.

• LNG terminal in Singapore receives better than anticipated response

  April 25, 2013
  Singapore’s first liquefied natural gas (LNG) terminal will commence its operations by the end of the second quarter of 2013, but demand for the fuel is stated to already be outstripping supply.

• City gas network in 28 towns of Tamil Nadu

  April 24, 2013
  The government of Tamil Nadu (in south India) plans to roll out city gas distribution (CGD) networks in 28 cities in the state.

• China’s NewOcean Energy forms gas supply joint venture with Sinopec

  April 23, 2013
  China-based NewOcean Energy Holdings Limited, one of the largest energy suppliers in southern China, has signed a strategic cooperative agreement with one of China’s largest state-owned energy firms, China Petroleum and Chemical Corporation (Sinopec), to form a joint venture (JV) company, Sinopec NewOcean Energy Company Limited (SNECL).

• Australia’s Santos mulls Darwin LNG options for its gas in Browse Basin

  April 23, 2013
  Australia-based Santos Limited has started considering development options for its gas resources in the Browse Basin, off Australia’s far north-west coast, with processing through a liquefied natural gas (LNG) plant in Darwin seen as the most likely option.

• China’s CNPC solicits suggestions on Shenzhen LNG terminal project

  April 22, 2013
  China’s largest state-owned gas company, China National Petroleum Corporation (CNPC), issued a notice on April 20, 2013 to solicit public ideas on its proposed liquefied natural gas (LNG) terminal in Shenzhen in southern China.

• Pertamina appoints Bakrie Pipe as contractor for Sukon Lhok pipeline

  April 22, 2013
  Indonesia’s PT Pertamina Gas, a gas infrastructure subsidiary of state-owned PT Pertamina (Persero), has awarded PT Bakrie Pipe Industries the contract for building the Sukon Lhok pipeline project.

• Kyrgyzstan hopes to close Gazprom’s deal to buy Kyrgyzgas by September 2013

  April 22, 2013
  Kyrgyzstan hopes to reach an agreement with Russia’s gas export monopoly Gazprom regarding the sale of Kyrgyz national gas firm Kyrgyzgas by September 2013.

• South Korea resumes Iranian natural gas liquids imports

  April 18, 2013
  South Korea has imported its first cargo of Iranian natural gas liquids (NGLs) since shipments were halted in July 2012 due to sanctions imposed by the European Union (EU) on Iran.

• SETPL to buy 800,000 tonnes of LNG annually from Brunei

  April 17, 2013
  Shell Eastern Trading Private Limited (SETPL), a Singapore-based trading unit of UK-based Royal Dutch Shell, has signed a 10-year agreement (effective from April 2013) to buy a total of 8 million tonnes of liquefied natural gas (LNG) from Brunei LNG Sendirian Berhad (BLNG).

• GAIL India aims to boost LNG portfolio [free access]

  April 16, 2013
  India’s largest state-owned gas transmission company GAIL (India) Limited is expected to expand its liquefied natural gas (LNG) portfolio to 20 million tonnes a year in the next seven years.

• Several LNG players express interest in stake purchase in Mundra LNG terminal

  April 16, 2013
  Two Japanese companies and at least four Indian firms have expressed keen interest in picking up a 25 per cent stake in a liquefied natural gas (LNG) venture promoted by state-owned Gujarat State Petroleum Corporation (GSPC) to build a 5 million tonnes per annum LNG terminal at Mundra in Gujarat (on India’s west coast).

• SK Marubeni awards USD413 million LNG carrier deal to Samsung

  April 15, 2013
  South Korea’s Samsung Heavy Industries has been awarded a USD413 million deal to build two liquefied natural gas (LNG) carriers.

• GAIL India to sell part of its stake in China Gas Holdings

  April 15, 2013
  India’s state-owned gas utility GAIL (India) Limited plans to sell part of its 4.6 per cent stake in China-based city gas distribution (CGD) firm China Gas Holdings.

• Industries gear up to receive LNG from upcoming Kochi terminal in Kerala

  April 15, 2013
  Though the commissioning of the liquefied natural gas (LNG) terminal with a capacity of 5 million tonnes per annum at Kochi in Kerala on India’s west coast is being delayed continuously, the industries in the district are readying themselves to receive LNG.

• Origin expands portfolio in Australia with agreement to purchase gas from Beach Energy

  April 15, 2013
  Australia-based Origin Energy Limited has secured a conditional agreement with Australia’s Beach Energy Limited to purchase up to 139 petajoules (PJ) of its natural gas production from Moomba in South Australia.