(EnergyAsia, November 24 2016, Thursday) — Curtis Island on Australia’s Queensland state has become the country’s main liquefied natural gas (LNG) hub with the full operation of six trains on its three export-oriented projects from last month….
CANADA: LNG export plant to start up in 2020, says subsidiary of Singapore firm
(EnergyAsia, November 22 2016, Tuesday) — Canada will begin shipping liquefied natural gas (LNG) to Asia from its first dedicated export plant in 2020, according to Vancouver-based owner and operator Woodfibre LNG Limited….
AUSTRALIA: LNG export earnings to surge 41% in current fiscal year, forecasts Department of Industry and Science
(EnergyAsia, November 19 2016, Saturday) — Australia expects its earnings from liquefied natural gas (LNG) exports to surge by 41.1% to A$23.4 billion in the current fiscal year to June 30 2017, thanks to a combination of expanded plant capacity and higher prices….
ASIA: LNG imports to remain strong through 2030
(EnergyAsia, November 13 2016, Sunday) — Asia’s ‘Big Four’ economies of China, Japan, India and South Korea will continue to dominate the region’s liquefied natural markets (LNG) over the next 15 years, according to a recent study by the Oxford Institute for Energy Studies (OIES)….
ASIA: Growth in crude oil demand to slow down through 2018, said ESAI
(EnergyAsia, October 26 2016, Wednesday) — Asia’s crude oil demand and refinery throughput will grow at a slower rate through 2018 from 2015 and 2016, predicts US consultant ESAI Energy….
ASIA: Rising oil prices add to fears of further economic slowdown
(EnergyAsia, October 26 2016, Wednesday) — Asia’s mostly energy-deficit economies are watching nervously as crude oil prices continue to defy bearish forecasts in recently reaching their highest levels in nearly a year….
AUSTRALIA: Exploration and production headed for further decline, says Department of Industry
(EnergyAsia, October 23 2016, Sunday) — Oil and gas explorers are losing their appetite for Australia with investment expenditure now at their lowest in over a decade, said the Department of Industry, Innovation and Science.
AUSTRALIA: Crude and condensate exports to fall, product imports to rise in FY2016, says Department of Industry
(EnergyAsia, October 21 2016, Friday) — Australia’s petroleum trade will remain a tale of two opposing trends for the rest of the current fiscal year ending June 30 2017: falling crude and condensate exports, and rising product imports….
INDIA: Russia makes statement with Rosneft’s joint purchase of Essar Oil, sale of upstream stake to ONGC
(EnergyAsia, October 20 2016, Thursday) — The geopolitics of the international oil trade are about to be redrawn with a consortium led by Russia’s Rosneft PJSC making a proposed US$12.9 billion purchase of India’s privately-owned Essar Oil Ltd in the biggest corporate deal between the two countries….
INDIA: UAE and Saudi Arabia courted as Iran supplies first cargo to Mangalore oil storage
(EnergyAsia, October 18 2016, Tuesday) — India expects Saudi Arabia and the UAE to join Iran in storing crude oil at its newly launched strategic stockpile terminal in Mangalore in Karnataka state….
KAZAKHSTAN: Giant oilfield starts up, exports first cargo
(EnergyAsia, October 17 2016, Monday) — With a huge sigh of relief, the Kazakhstan government announced last week that the country’s much-delayed giant Kashagan oilfield has exported its first cargo after resuming production on October 12….
ASIA: LNG market breaking down and undergoing reforms
(EnergyAsia, October 12 2016, Wednesday) — Asia’s liquefied natural gas (LNG) market is undergoing massive restructuring brought on by surplus production capacity, pricing competition, the rise of spot trading, slowing demand growth and geopolitical manoeuvring….
CHINA: Buying for stockpile reserves could be supporting world oil prices
(EnergyAsia, October 7 2016, Friday) — China’s increased oil buying to stock up its strategic petroleum reserves may have kept crude prices from collapsing over the last eight months, said analysts….
MARKETS: Prices rebound on news of OPEC output cut, but for how long?
(EnergyAsia, October 4 2016, Tuesday) — Crude oil prices rebounded to their highest levels in nearly two months following the Organisation of Petroleum Exporting Countries (OPEC)’s surprise announcement on September 28 that its members would cut production….
MALAYSIA: Petronas, Canadian government play “conditional” approval game to further delay proposed LNG project
(EnergyAsia, October 2 2016, Sunday) — The Canadian government and Malaysian state energy firm Petronas are playing a game of giving each other “conditional” approvals that will further delay the construction of a proposed liquefied natural gas (LNG) export terminal on the north-western coast of British Columbia province….
INDIA: Planned giant refinery to boost nation’s total capacity by more than 25%
(EnergyAsia, August 28 2016, Sunday) — Confident that crude prices will remain low for some time, India is pushing ahead to build another giant oil refinery that will boost the nation’s total annual capacity by more than a quarter to 290 million tonnes….
INDIA: Natural gas demand outlook uncertain and weak despite lure of low prices
(EnergyAsia, August 21 2016, Sunday) — Having never really dawned on India, the “Golden Age” of natural gas as coined by the International Energy Agency (IEA), could yet bypass the world’s third largest energy consumer altogether….
INDIA: Energy sector faces array of infrastructure, policy, climate and economic challenges
(EnergyAsia, August 18 2016, Thursday) — India faces a long and arduous battle to drastically reform its under-performing, heavily-shackled energy sector needed to support the long-term growth of its economy, said analysts….
INDIA: Oil and gas sector now fully opened to foreign investment
(EnergyAsia, August 17 2016, Wednesday) — India has completely opened up its long-protected oil and gas sector to foreign investment, marking a major breakthrough in Prime Minister Narendra Modi’s campaign to reform the country’s under-performing economy….
INDIA: State firms keenly interested to buy into Russia’s Rosneft
(EnergyAsia, August 15 2016, Monday) — Indian state oil and gas firms are waiting for an opportunity to buy into Rosneft even as they are completing the purchase of a combined 38.9% stake in an East Siberian oil field from the Russian energy giant….
ANGOLA: IMF may return in October to resume talks over troubled economy
(EnergyAsia, July 20 2016, Wednesday) — The International Monetary Fund (IMF) said it may return to Angola in October to resume discussions after the financially-strapped government of President Jose Eduardo dos Santos rejected an offer of a loan bailout package….
IRAQ: IMF lends US$5.4 billion to help economy cope with oil and war shocks
(EnergyAsia, July 17 2016, Sunday) — The International Monetary Fund (IMF) said it is lending Iraq US$5.4-billion to help the war-torn country stave off economic collapse from the “double shocks” of the oil price collapse and on-going military conflicts….
NIGERIA: Oil sector looks to China for US$80 billion worth of energy investments
(EnergyAsia, July 10 2016, Sunday) — Nigeria is hoping to revive the fortunes of its battered oil industry following last week’s memorandum of understating (MOU) to secure US$80 billion worth of energy investments from China….
UPSTREAM: Rystad Energy and BP clash over which country has world’s largest crude oil reserves
(EnergyAsia, July 5 2016, Tuesday) — Thanks to its shale revolution, the US now has the world’s largest recoverable crude oil reserves of 264 billion barrels, said Norwegian consulting firm Rystad Energy….
SAUDI ARABIA: Aramco and Sabic to jointly study building US$30 billion oil-to-chemicals complex
(EnergyAsia, July 5 2016, Tuesday) — Two of Saudi Arabia’s largest state-owned companies said they have agreed to conduct a joint feasibility study to develop a fully integrated complex in the kingdom to convert crude oil into chemicals and high-end products….