SINGAPORE: MPA awards first two licences for suppliers of LNG as shipping fuel

(EnergyAsia, January 28 2016, Thursday) — Singapore expects to start supplying liquefied natural gas (LNG) as shipping fuel from 2017 following the first awards of licences to two operators, said the Maritime and Port Authority of Singapore (MPA). The agency announced that it has selected Singapore’s Pavilion Gas Pte Ltd, and a soon-to-be-established joint venture (more…)

JAPAN: Fate of nuclear power industry will shape long-term LNG, fossil fuels demand

(EnergyAsia, January 25 2016, Monday) — The precarious fate of Japan’s nuclear power industry will cast an uncertain shadow over the country’s energy outlook for at least the next 15 years, suggests its state planning agency. The bulk of Japan’s nuclear power plants, which used to supply nearly 30% of its electricity, remains idled after (more…)

SAUDI ARABIA: King Salman, China’s President Xi jointly opened year-old Yanbu oil refinery

(EnergyAsia, January 21 2016, Thursday) — Saudi Arabia’s King Salman and China’s President Xi Jinping have officially launched a 400,000 b/d oil refinery in Yanbu city jointly owned by their countries’ state energy firms that will help deepen China’s involvement in the Middle East. Amid security concerns, the two leaders officiated the Wednesday launch from (more…)

CHINA: Coal imports and consumption down sharply, electricity demand growth slowed in 2015

  (EnergyAsia, January 20 2016, Wednesday) — China’s slowing economy has been decisively confirmed by a slew of negative industrial data for 2015. Coal production, imports, consumption were all down along with electricity, cement and steel production, according to the Australia-based Institute for Energy Economics and Financial Analysis (IEEFA). Citing official Chinese sources, the institute (more…)

JAPAN: JERA on course to reduce term LNG purchases in favour of spot purchases

(EnergyAsia, January 17 2016, Sunday) — Japan’s JERA Co Inc has set its sights on meeting at least half its 40 million tonnes/year of liquefied natural gas (LNG) purchases through spot trades to take advantage of expected low prices over the next few years. Established last April through the merger of two of the country’s (more…)

INDIA: Petronet receives first LNG cargo from Qatar’s RasGas under new agreement

(EnergyAsia, January 15 2016, Friday) — India’s Petronet LNG Limited has received the first cargo from RasGas Company Ltd under their new sales and purchase agreement (SPA) signed on December 31 2015, said the Qatar state-owned company. The LNG cargo was delivered by the Al Thumama (Q-Flex) vessel to Dahej LNG Terminal in India’s Gujarat (more…)

ASIA: Global LNG demand down on region’s reduced use, says Wood Mackenzie

(EnergyAsia, January 15 2016, Friday) — Weighed down by a first decline in Asian consumption after years of strong growth, global demand for liquefied natural gas (LNG) fell two percent to 245 million tonnes last year, said UK consulting firm Wood Mackenzie. A supply glut opened up as production rose by four million tonnes to (more…)