Asia Pacific

Project Insights

Asian LNG price down 13% in June

The monthly average price for LNG contracted by Japan, South Korea, China and Taiwan was down in June but the daily price picked up in the second half of the month.

3 July 2019 LNG

Chinese LNG plants cut prices in record numbers

Fifty-four Chinese liquefaction plants reduced their prices in June in response to falling prices at the country’s terminals.

2 July 2019 LNG
British Columbia Premier Christy Clark on a tour of the Bintulu LNG plant in Malaysia. (BC govt/Flickr)

Giant Malaysian find bolsters PTTEP’s growth strategy

The Lang Lebah discovery offshore Sarawak is PTTEP's biggest find and is good news for the explorer as it seeks to bolster its reserves.

1 July 2019 Exploration & Production

Chinese LNG output set to rise on power demand

China is expected to produce an average of 36,747 tons of LNG per day this week as a result of greater gas-fired power demand.

27 June 2019 LNG
The Sabah oil and gas terminal

Malaysia aims to unlock sour gas fields

The country needs to develop new gas projects to feed the Bintulu LNG plant, but doing so will mean tackling its technically tricky sour gas fields.

27 June 2019 Exploration & Production
One of CNOOC's offshore platforms

CNOOC pins growth on waters of South China Sea

CNOOC’s new offshore acreage offer in the South China Sea underlines the importance of the region to growing the company’s output and meeting Beijing’s call to reduce reliance on imports.

27 June 2019 Exploration & Production
The Yamal LNG plant.

Novatek to pace itself with China venture

Novatek has ramped up LNG sales to China over the past year, but the company will take its time with moving any further into the Chinese gas market.

26 June 2019 LNG

Chinese ex-works LNG price holds steady

The average price for LNG from China’s plants was relatively unchanged last week from the previous week, at $10.15/MMBtu.

26 June 2019 LNG

Rising summer demand boosts Asian spot LNG prices

Cooling-related gas demand helped lift spot prices to an average of $4.58/MMBtu last week.

25 June 2019 LNG
Mitsui OSK's Challenger FSRU.

FID imminent on Hong Kong LNG

CLP Power is expected to take an FID on Hong Kong’s first LNG import project within months, after announcing firm agreements for a giant FSRU and initial LNG supply.

24 June 2019 LNG
The Koshijihara gas plant in Japan.

Japanese companies back low-emission innovations

With gas still a major component of Japan’s energy mix, three suppliers are looking at new ways of managing their carbon footprint as the race to a low-carbon future gathers pace.

24 June 2019 Supply & Demand

Beihai tops China’s trucked LNG sales

The Sinopec terminal outsold China’s other trucked LNG sellers for first time in two years last week.

20 June 2019 LNG
Rescuers search collapsed buildings in Changning county following the earthquake.

Deadly earthquake renews China’s fracking controversy

The quake has triggered fresh questions about fracking from the public, but China’s NOCs need to keep producing shale gas if they are to hit their gas output targets.

20 June 2019 Exploration & Production
The Marlin B platform in the Bass Strait.

Local demand and prices drive Aussie exploration

After a prolonged downturn in exploration in Australia, companies are responding to a forecast rise in local demand and prices by investing in new developments.

20 June 2019 Exploration & Production

Supply glut prompts price cut at Chinese LNG plants

Thirty-nine liquefaction plants across China cut their asking prices by 2.03% week on week last week as a result of the oversupply.

19 June 2019 LNG

Asian spot LNG prices up for first time in six weeks

The average price paid for spot LNG by Japan, China, South Korea and Taiwan increased by 2.35% last week, to $4.36/MMBtu.

18 June 2019 LNG
Semi-submersible drilling platforms in Yantai, Shandong province.

China's economic downturn could severely dent energy players

Oil and gas is one of the economic sectors in China most vulnerable to a severe deceleration in growth, as reduced demand for commodities could take place in tandem with a fall in energy prices.

17 June 2019 Companies & Finance
Wheatstone LNG

Japan’s Kyushu joins Transborders FLNG project

Kyushu Electric is looking to increase the amount of LNG it buys from Australia as coal-to-gas switching gathers pace and concerns persist over nuclear reactor restarts.

17 June 2019 LNG
Artist's impression of ENN's LNG bunker vessel

ENN faces fight to promote LNG bunkering in China

ENN will be able to offer LNG bunkering next year after it takes delivery of China’s first seagoing LNG bunker vessel, but uptake of the fuel in Chinese shipping is far from guaranteed.

14 June 2019 LNG

CNOOC’s Tianjin terminal keeps top spot for trucked LNG

The facility was China’s biggest-selling terminal for the seventh week running last week

13 June 2019 LNG

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