Asia Pacific
India aiming to boost use of LNG as transport fuel
Increasing calls to reduce air pollution in India’s urban centres are causing the government to throw its weight behind LNG as a transport fuel.
Policy & Regulation Calls for new NOC may derail Thai gas output
Thailand is facing rising energy demand and needs to boost its gas output, but political pressure is delaying critical new laws.
Petronas’s FLNG receives first gas
Petronas’s first floating LNG facility received initial gas from Malaysia’s Kanowit field on Monday.
18 November 2016La Niña sparks gas demand in Asia
North Asian markets are seeing higher demand for fossil fuels as cold weather sets in.
18 November 2016Vietnam expands runway on Spratly Island
Vietnam is expanding a runway on Spratly Island in the South China Sea, in apparent response to China expanding its infrastructure in the area.
18 November 2016Putin and Duterte to discuss oil and gas cooperation
Russian President Vladimir Putin plans to discuss oil and gas cooperation with his Philippine counterpart Rodrigo Duterte at the Asia Pacific Economic Cooperation summit.
18 November 2016Reliance brings arbitration over demand for KG-D6 restitution
Reliance Industries has brought an arbitration notice to the Indian government over the oil ministry’s demand for $1.55 billion.
17 November 2016Japan’s Mihama 3 reactor licence extended by 20 years
Japan’s Nuclear Regulation Authority has approved the extension of the licence for the Mihama 3 nuclear reactor by an additional 20 years.
17 November 2016Santos signs PNG farm-in agreement
Independent oil and gas producer Santos has signed a farm-in agreement for a 20% interest in PPL 402 in Papua New Guinea.
17 November 2016
Exploration & Production Asian rig count falls by a third in October
The number of gas-focused drilling rigs in Asia Pacific fell by 33% in October 2016 from a year earlier, with declines across all countries in the region.
17 November 2016New Zealand Oil & Gas to sell Kupe stake to Genesis Energy
New Zealand Oil & Gas has agreed to sell its 15% interest in the Kupe oil and gas fields and production station to Genesis Energy for NZ$168 million.
16 November 2016Posco Daewoo named as preferred developer for Bangladesh block
Seoul-based developer Posco Daewoo was named as a preferred negotiator by the Bangladesh government to develop deepwater gas Block 12.
16 November 2016Philippines approves grid impact studies for new power plants
The government of the Philippines has given the green light to 11 power projects to start grid impact studies.
15 November 2016Kalla plans LNG terminal for Indonesia
The Kalla Group plans to collaborate with Japanese partners to build a $750 million LNG terminal in Banjarnegara, Indonesia.
15 November 2016Bangladesh blames gas and power shortages for economic struggles
Bangladesh’s Metropolitan Chamber of Commerce and Industry has said gas shortages and power supply problems are undermining the country’s economic performance.
15 November 2016Niko Resources selling KG-D6 stake
Canada’s Niko Resources is putting its 10% stake in the KG-D6 gas block off the east coast of India up for sale.
15 November 2016India may make further changes to auction as deadline approaches
The Indian government is considering further changes to the auction of 67 marginal oil and gas fields just a week before the 21 November deadline.
15 November 2016
LNG LNG could struggle in Asian power sector
Gas may find it hard to increase its share of the power mix in Asia, but the flexibility of the fuel means demand could grow in other sectors.
15 November 2016New pipeline to open up India’s eastern market
Eastern India’s gas market should see a boost from a $2 billion pipeline planned for the region, but long-term pricing reform may still be needed.
15 November 2016Asian LNG prices at highest since mid-January
Prices averaged $6.61/MMBtu on 11 November, the highest they have reached since mid-January but still below the $7.41/MMBtu they averaged on the same date in 2015.
15 November 2016Petrobangla gets official OK to buy Chevron fields
Bangladesh’s government has given state oil and gas company Petrobangla a green light to purchase three gas fields owned by Chevron.
14 November 2016Pakistan’s regulator to hike gas price by 36%
Pakistan’s Oil and Gas Regulatory Authority will raise the price of gas from 15 November.
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