Woodside Energy of Australia signs first ever LNG long-term cargo supply deal with CPC Corp of Taiwan
Woodside Energy, the operator of the North West Shelf and Pluto LNG plants in Western Australia, has signed a sale and purchase agreement with CPC Corp. of Taiwan for the long-term supply of cargoes.
Asian LNG prices edge higher as cargoes flow East and European gas values weaken on strong storage builds
The number of liquefied natural gas cargoes pointing at Asian import terminals and being delivered this week increased as prices also edged higher while European natural gas benchmark values declined as storage levels roseacross Europe.
QatarEnergy signs agreements with CPC Corp. of Taiwan to join North Field East expansion project
QatarEnergy signed definitive agreements with CPC Corp. of Taiwan covering the long-term supply of cargoes and a partnership in the North Field East LNG expansion project in the Arabian Gulf.
North Asia summit
May 27 (LNGJ) - Japan, South Korea and China held their first summit in more than four years as they seek progress on improving Asian energy and trade supply chains amid stalled talks on a free trade agreement between the three. The Japanese and South Korean sides also used the occasion to criticize North Korea over a planned satellite launch and increasing tensions around Taiwan.
South Korean President Yoon Suk Yeol hosted Chinese Premier Li Qiang and Japanese Prime Minister Fumio Kishida in Seoul. None of the three were in office for the last summit in December 2019 in Chengdu in China just before the Covid-19 pandemic. “Peace and stability in the Taiwan Strait are of the utmost importance to international society,” Japan’s PM Kishida told Chinese Premier Li in bilateral talks after China held large-scale military exercises last week offshore Taiwan.
South Korean LNG imports are steady as storage increases and deliveries set to match the levels of last year
The South Korean government said that liquefied natural gas imports have remained steady and measures were being taken to boost storage for the winter because of continued global geopolitical uncertainties.
Russian Vladivostok forum hears Asian export plans for Arctic LNG II and about re-start of Sakhalin LNG plant
Russian natural gas company Novatek has plans to start commercial shipments from the Arctic LNG II project in mid-January 2024 and would likely send three to five cargoes per month eastwards to the Asian market, including China, while Russia’s Sakhalin LNG plant in the Far East has re-started after scheduled maintenance.
Shell says production temporarily suspended at Australian Prelude LNG export plant after electrical trip issue
Shell has again suspended production at the “Prelude” floating LNG facility offshore northwest Australia because of an electric trip, an issue that had previously led to long shutdowns for safety investigations.
LNG plant builder JGC is first Japanese firm awarded British Standards Institution modeling certification
JGC Holdings Corp., which is involved in liquefied natural gas projects in nations such as Canada, Nigeria, Malaysia, Mozambique and Papua New Guinea, has become the first Japanese company using building information modeling (BIM) to receive the British Standards Institution (BSI) Kitemark certification.
Taiwan seeks some LNG cargoes as nuclear plant shuts but most replacement power to come from coal
Taiwan is expected to be seeking more LNG cargoes through 2023 as one of its nuclear power plants was retired this week, though the government said two new coal-fired power plants would help offset most of the power losses.
International Group of Liquefied Natural Gas Importers progresses on GHG-neutral LNG methodology
The France-based International Group of Liquefied Natural Gas Importers (GIIGNL) said the LNG industry was making progress in adopting a comprehensive framework developed by GIIGNL on certifying the offsetting of carbon content in LNG with a trial cargo sent from Australia to Taiwan.
