Asia LNG news

Woodside Energy has signed a non-binding memorandum of understanding with Hyundai Engineering and Hyundai Glovis, establishing a strategic framework to collaborate on LNG project development, engineering services, and shipping logistics.

GTT has announced the signing of a joint development project with seven major players in the maritime industry to design a next-generation LNG carrier.

Excelerate Energy has announced the on-schedule launching of its newbuild FSRU from the HD Hyundai Heavy Industries shipyard in South Korea.

The Marine Department has announced the launch of the Green Maritime Fuel Bunkering Incentive Scheme to facilitate the development of Hong Kong into a high-quality green maritime fuel bunkering centre.

Venture Global, Inc. has announced the execution of a new 20-year sales and purchase agreement with PETRONAS LNG Ltd.

Gulf Development Public Company Ltd and POSCO E&C, have signed an EPCC contract between Gulf MTP LNG Terminal Co. Ltd and PEC-CAZ consortium for the superstructure development of the Map Ta Phut industrial port phase 3 project.

The World Bank’s Board of Executive Directors has approved two projects totalling US$640 million to help Bangladesh improve gas supply and air quality.

Woodside Energy Trading Singapore Pte Ltd and JERA Co., Inc. have entered into a non-binding heads of agreement for the sale and purchase of LNG cargoes during Japan’s peak winter period.

Woodside Energy and PETRONAS, through its subsidiary PETRONAS LNG Ltd, have signed a non-binding heads of agreement for the supply of 1 million tpy of LNG to Malaysia from 2028 for a period of 15 years.

LNG can play a key role in accelerating the phaseout of coal in Asia and achieving affordable and impactful decarbonisation, a new study by S&P Global Commodity Insights has found.