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Asia Pacific

Project Insights
A Sinopec Jianghan Drilling shale well

China’s gas output keeps rising but 2020 target still in doubt

The country’s production levels have been increasing steadily in recent months, but output is still short of what will be needed to meet the target of 200 bcm in 2020.

2 May 2019 Exploration & Production
The Malampaya project in the Philippines.

Shell's legal win a boost for Malampaya

Shell's victory in its tax dispute could see it extend the production life of the Philippines' biggest gas field, which could be bad news for LNG projects planned for the country.

2 May 2019 Exploration & Production

China to cut LNG output ahead of public holiday

Plants in the north of the country are expected to reduce production for the Labour Day holiday.

2 May 2019 LNG
A traffic jam in Mumbai.

India’s emissions regs a boon for gas in transport

India is looking to to expand the role of CNG in the transport sector as it seeks to combat air pollution, but a lack of availability will prove a major barrier.

2 May 2019 Gas for Transport
A fleet of Chinese LNG tanker trucks

Idle trucks point to China’s LNG overcapacity

A large proportion of China’s LNG freight fleet was idle last year after suppliers rushed to procure vehicles only to be caught out by softer-than-expected demand.

2 May 2019 LNG
Höegh Grace FSRU

JERA targets LNG imports in eastern Australia

The company's plans for an FSRU at Port Kembla have been approved by authorities in New South Wales, with LNG imports due to begin from 2020.

2 May 2019 LNG

Japanese LNG imports down 9% year on year in Q1

Higher nuclear capacity and mild weather led to a downturn in Japan’s intake of LNG over the first quarter of this year.

1 May 2019 LNG

Chinese ex-works LNG price down 1.6%

The average price hit RMB 3,722 per ton last week as 42 plants cut prices

1 May 2019 LNG

Asian spot LNG prices fall by more than 5%

Prices averaged $5.34/MMBtu at the end of last week compared with $8.01/MMBtu at the same time last year

30 April 2019 LNG
Excelerate Energy's Excelerate and Excelsior vessels in Argentina.

Petrobangla to face financial strain from higher LNG imports

The delivery of Bangladesh’s second FSRU last week will increase the burden on Petrobangla, which sells gas into the domestic market at a loss.

29 April 2019 LNG
A gas-fired DG project in Shanghai's Hongqiao area.

China trails targets for gas-fired distributed generation

The country is on course to have almost 16 GW of installed DG capacity by the end of 2020, a long way short of its 50 GW target.

29 April 2019 Pipelines, Storage & Power

Taiwan’s LNG imports down 2% in Q1

Volumes fell by 2% year on year in Q1 2019 as imports hit multi-year highs and lows in January and February respectively.

29 April 2019 LNG
Novatek's Yamal LNG project during its construction phase.

China-Russia energy ties deepen with Arctic LNG 2 farm-in

Novatek’s sale of a 20% stake in the Arctic LNG 2 project to CNOOC and CNPC will allow the Chinese NOCs to participate in an attractive world-scale liquefaction project.

26 April 2019 LNG
The Meridian Spirit loading a cargo at Sabine Pass

Global LNG export capacity to rise 50% by 2025

Global LNG export capacity continues the rapid growth seen in recent years with the startup of US LNG export plants.

25 April 2019 LNG
The Tangguh LNG facility in Indonesia

Indonesia set to nationalise more gas assets after Jokowi victory

The re-election of Joko Widodo as president is likely to see continued resource nationalism in the Southeast Asian country.

24 April 2019 Policy & Regulation

Southeast Asia’s LNG exports down in 2018

The region saw falling LNG exports last year, with all three exporters experiencing year-on-year declines.

24 April 2019 LNG

Trading subdued on China’s gas exchanges

Piped trades on the SHPGX hit their lowest level for two months last week, while the CQPGX dropped to its lowest since trading began last year.

24 April 2019 LNG
ENN's Zhoushan LNG terminal in China.

Zhejiang Energy joins growing list of China’s new LNG buyers

The company has signed an SPA with Exxon for 1 mtpa for 20 years, showing how provincial Chinese buyers are becoming increasingly significant LNG players.

23 April 2019 LNG

Asian spot LNG prices boosted by industry and power demand

Prices ended last week at an average of $5.59/MMBtu, having surged by 16% week on week.

23 April 2019 LNG

CNOOC’s Tianjin terminal takes LNG sales top spot

The facility sold an average of 260 tankers per day last week, the most of China’s terminals.

18 April 2019 LNG

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