Asia LNG news

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.

NYK has announced that the joint-venture companies that NYK is a part of have signed a long-term time-charter contract with QatarEnergy for five LNG carriers.

India is set to register the second highest LNG regasification capacity additions in Asia between 2022 and 2026, accounting for approximately 21% of the region’s total capacity additions by 2026.

Woodside Energy and the Japan Bank for International Cooperation have signed a memorandum of understanding aimed at securing a stable supply of energy for Japan and to assist in achieving its decarbonisation goals.