Natural gas Archives

05 Jan Indonesia Approves First Stage of Offshore Gas Field in South China Sea

Posted at 13:46 by Tracy Liu

Indonesia has authorized the initial development plan for the Tuna offshore gas field with a total anticipated investment of USD3.07bn, as reported by Reuters on January 2. The Tuna field, which is situated in the South China Sea between Indonesia and Vietnam, is anticipated to...

01 Sep Indian Gas Producer GAIL Vows Net-Zero Emissions by 2040

Posted at 12:04 by Jordy Leo

GAIL (India) Limited [GAIL:IN], India’s largest gas producer, has set a target to achieve net-zero emissions from its operations by 2040, as reported by Reuters on August 26. According to GAIL Chairman Manoj Jain, the company’s net-zero aim is in line with India’s vision to...

25 May Thai Coal Miner Banpu Buys Gas Business from ExxonMobil for Green Transition

Posted at 12:50 by Jordy Leo

Thai coal miner Banpu Public Company [BANPU:TB] has purchased the natural gas and midstream gas business from XTO Energy and Barnett Gathering, two subsidiaries of the US energy giant ExxonMobil [XOM:US], as reported by Nikkei Asia on May 21. The USD750m deal is expected to...

18 Jan Indian Oil to Invest USD944m for Gas Network Expansion

Posted at 15:21 by Jordy Leo

State-owned Indian Oil Corporation (IOC) [IOCL:IN] announced an INR70bn (USD944m) investment to construct city gas distribution (CGD) networks in cities including Jammu, Madurai, and Haldia, as reported by Indian Wire on January 17. The enterprise recently obtained nine licenses to retail compressed natural gas (CNG)...

13 Jan Chinese Energy Producers Secure Long-Term Natural Gas Supply from Novatek

Posted at 10:13 by Jordy Leo

Russia’s second-largest natural gas producer Novatek [NVTK:LI] has signed a long-term procurement agreement with two Chinese energy firms, Zhejiang Energy and ENN Natural Gas [600803:CH], as reported by Caixin on January 12. Under the contracts, the Russian company will supply up to 1m tons of...

28 Dec China Collaborates with Japan to Develop Renewable Alternatives for Natural Gas

Posted at 16:05 by Lexy Li

China’s NDRC and Japan’s Ministry of Economy, Trade and Industry (METI) will collaborate on producing synthetic methane, a renewable alternative to natural gas, from recycled hydrogen and carbon dioxide (CO2), as reported by Nikkei Asia on December 26. The facility will be built in China’s...

23 Dec Japan’s JERA Acquires a 12.5% Stake in Australia’s Barossa Gas Field

Posted at 11:17 by Jordy Leo

Japan’s largest power generation enterprise JERA has signed an agreement with a subsidiary of Australian energy developer Santos [STO:AU], to raise its share in the latter’s Barossa gas field project from 6.1% to 12.5%, as reported by NT Independent on December 19. The two parties...

20 Dec BP to Supply Pipeline Natural Gas to China’s SPIC from 2023

Posted at 11:22 by Jordy Leo

British Petroleum [BP:US] has signed a ten-year supply agreement with a subsidiary of China’s State Power Investment Corp (SPIC) to provide the latter with up to 200,000 tons of piped natural gas per year from 2023, as reported by S&P Global on December 16. BP...

15 Dec EU’s Antitrust Veto to Halt Merger between Hyundai Heavy and DSME

Posted at 11:22 by Jordy Leo

The restructuring plan between the world’s two largest shipbuilders, Hyundai Heavy Industries [HYYYF:US] and Daewoo Shipbuilding & Marine Engineering (DSME) [042660:KS], is set for an EU antitrust veto, as reported by Korean Economic Daily on December 12 citing people familiar with the matter. The EU...

13 Dec Beijing City to Phase out Coal Use, Limit Natural Gas Consumption

Posted at 14:49 by Jordy Leo

Beijing Municipality rolled out the city’s ecological and environmental protection plan for the 2021-2025 period, or the 14th Five-Year Plan (FYP) period, at a press conference on December 8, as reported by bjx.com on the next day. The plan focusing on carbon reduction outlined that...

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