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Japanese liquefied natural gas imports increased marginally in June even at higher prices, though the half-year figures showed a downward trend for 2024.
French major TotalEnergies updates LNG and production and downstream indicators for next earnings
French major TotalEnergies has provided revised key indicators for the forthcoming second-quarter earnings where oil and gas production and the LNG, power and downstream businesses would be affected.
Malaysia’s Petronas posts profits fall as over 440 LNG cargoes sold amid Canada and Indonesia project boosts
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TotalEnergies reports fall in profits on lower prices but LNG stays at high levels with 44 million tonnes of sales
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Japanese LNG players Inpex, Tokyo Gas and Osaka Gas join e-methane study with largest clean energy group in UAE
Inpex Corp., the Japanese liquefied natural gas producer and project developer, has joined with LNG importers Tokyo Gas and Osaka Gas to conduct a joint study on e-methane production with the largest clean energy company in Abu Dhabi in the United Arab Emirates.
Mubadala Energy of Abu Dhabi makes one of largest recent natural gas finds in Indonesia with LNG potential
Mubadala Energy, the international company headquartered in Abu Dhabi in the United Arab Emirates, has made one of the largest natural gas discoveries this year with LNG potential offshore Indonesia in the Andaman Sea.
Shell reports drop in earnings on lower prices and trading profits while LNG sales stay above 16 million tonnes
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Chinese natural gas imports by pipelines and as LNG increase in March though still lower for first quarter
Chinese natural gas imports by pipeline and as liquefied natural gas increased by more than 11 percent in March, though were still lower for the first quarter compared with 2022.
Japanese LNG imports drop 10 percent as coal preferred for power even at twice last year's price
Japanese liquefied natural gas deliveries declined by almost 10 percent last month even as close to record deliveries were made by Australia and thermal coal was the preferred fuel over LNG for power generation.
Asia-Pacific LNG player JX Nippon signs accord on developing five natural gas fields offshore Malaysia
JX Nippon Oil & Gas Exploration Corp., a participant in Asia-Pacific LNG projects in Malaysia, Indonesia and Papua New Guinea, has signed an accord to initiate discussions about acquiring interests in five natural gas fields offshore Peninsular Malaysia.
The move to set up talks comes in the form of a Heads of Agreement (HOA) between JX Nippon and Petronas Carigali, an exploration and production unit of Malaysian state energy company Petronas.
The five Petronas gas fields are called Bujang, Inas, Guling, Sepat and Tujoh and are located offshore Kerteh in eastern Malaysia.
JX Nippon said it conducted a joint study with Japanese state agency Japan Oil, Gas and Metals National Corp. (Jogmec) from April 2020 until September 2021 to commercialize the fields which have a particularly high carbon-dioxide level.
The Japanese plan involves bringing the gas fields into production and in an environmentally-friendly way by capturing CO2 from the produced gas and reinjecting it into nearby mature gas fields by using Carbon Capture and Storage (CCS) technology.
Feasible
“Since the study concluded that the development of such high CO2 gas field is feasible with low environmental impact by utilizing CCS technology, JX came to the decision to further evaluate these gas fields and work together towards submitting the business value proposal to Petronas,” explained JX Nippon.
The Japanese Jogmec agency has since the study with JX Nippon changed its name to the Japan Organization for Metals and Energy Security.
“JX Nippon said that it understood that this initiative contributes to not only stable supply of natural gas to Peninsular Malaysia but at the same time expands its business in Malaysia which is one of the core countries for JX,” said the Japanese company.
Adopting the CCS solution is in line with the strategy of JX Nippon, which is part of the Japanese ENEOS Group.
A signing ceremony on the JX Nippon-Petronas accord was held in the Malaysian capital Kuala Lumpur involving Chief Executive Hasliza Othman and JX Nippon’s Managing Director in Malaysia, Yasuto Ariga.
The five gas fields are known in Malaysia as the BIGST fields and are part of a hydrocarbon cluster.
“The gas supply from the BIGST fields is important for Peninsular Malaysia’s energy security given the significant potential that exists within the cluster,” explained Petronas.
“CCS technology will be a key solutions in monetising the fields since these fields contain high CO2 and their development will be the first CCS project in Peninsular Malaysia,” added Petronas.
