Asia LNG news

Woodside Burrup Pty Ltd and the North West Shelf Project participants have entered into separate non-binding agreements with Western Gas for the processing of 2 – 3 million tpy of Equus gas from 2027, utilising Woodside-operated infrastructure.

Mitsui O.S.K. Lines, Ltd, Ferry Sunflower Ltd, and Kyushu Electric Power Co., Inc. have announced that the Sunflower Kurenai has received its first LNG fuel supply at the Port of Beppu in Oita Prefecture.

Emma Richards, Fitch Solutions, provides an outlook for the global LNG market.

Mitsui O.S.K. Lines, Ltd and GAIL (India) Ltd have signed a time charter contract for a newbuilding LNG carrier and a joint ownership of an existing LNG carrier.

NYK has concluded an investment agreement and strategic alliance agreement with PT Pertamina International Shipping, a shipping subsidiary of PT Pertamina.

QatarEnergy entered into a 27-year sale and purchase agreement with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tpy of LNG to the People's Republic of China.

According to GlobalData, India and China will drive the LNG regasification capacity additions in Asia between 2022 and 2026, as the two countries step up imports of natural gas to reduce carbon emissions.

Trelleborg has delivered high-performance marine fender systems, docking and mooring equipment, and ship-shore links for PetroVietnam Gas’ Thi Vai LNG terminal in Vietnam.

Gasum, Pavilion Energy, and CNOOC Gas and Power Group have signed an agreement for strategic collaboration to strengthen the global LNG bunker supply network for their customers in the world’s top three bunkering regions.

China is set to register the highest LNG regasification capacity additions in Asia between 2022 –2026, accounting for a share of roughly 34% of the region’s total capacity additions by 2026.