Japan’s JERA signs accord with unit of Indonesia’s state power company PT PLN to help open up LNG value chain
JERA Co. Inc, Japan’s biggest liquefied natural gas importer and utility company, has signed an accord with a unit of Indonesia’s state-owned power supplier PT PLN (Persero) to cooperate on LNG supplies for Indonesian domestic use.
BP reports solid results after quarter marked by CEO’s exit and notes risk factors in LNG and markets outlook
UK major BP posted solid results in the third quarter that saw the Chief Executive resign while in company activities a very strong oil trading result along with higher oil and natural gas production were partly offset by weaker natural gas marketing and trading results.
UK major BP ships first cargo from third liquefaction Train at Tangguh LNG expansion project in Indonesia
UK major BP shipped the first cargo on behalf of the Tangguh LNG production-sharing contract partners in Indonesia as the third liquefaction Train entered commercial operations.
Indonesia tells Bali energy event that nation has scope for more oil and gas and LNG investment on better terms
Indonesia’s Minister of Energy and Mineral Resources Arifin Tasrif said 68 of the country's 128 oil and gas basins remained entirely unexplored and that international energy companies would receive better terms for exploration and production in the country where the Abadi LNG project is advancing along with the Tangguh LNG expansion.
BP doubles profits and forecasts flat 2023 but with focus on first gas for LNG in West Africa and Indonesia
UK major BP more than doubled annual profits, though was hit by slowing natural gas prices during the fourth quarter and expected a flat 2023 with among the main highlights being the start-up of two LNG projects in West Africa and Indonesia.
BP reports third-quarter loss of $2.5Bln and explained as accounting effects of liquefied natural gas risk
UK major BP reported a loss for the third quarter of $2.5 billion, explained as the accounting effects of liquefied natural gas risk management, compared with a $3.1Bln profit for the previous 2021 quarter and $450M of losses posted in the same three months of 2020.
Indonesia plans onshore LNG terminal adjacent to largest oil refinery amid nation’s regas pioneering efforts
Indonesian national oil company and liquefied natural gas exporter Pertamina is renewing efforts to develop the small-scale LNG market by building an onshore regasification terminal linked to the island nation’s largest oil refinery in southern Central Java province.
Indonesia seeks solutions on domestic gas and upstream investments amid LNG and pipeline challenges
Indonesian energy executives held a recent online conference with the national oil and gas regulator on ways of increasing domestic natural gas demand such as constructing more pipeline infrastructure to support the home market as a less expensive alternative to increasing LNG exports.
Malaysia and Indonesia set to meet growing domestic LNG demand and help to balance global market
The nations of Malaysia and Indonesia, the largest Asian liquefied natural gas exporters, are also increasing their own domestic LNG deliveries on growing demand requirements and will indirectly help to balance the over-supplied global market.
Japanese LNG engineer Chiyoda strives to recover with overhaul after $1Bln project losses
Chiyoda Corp., the Japanese LNG engineering company, said it was still working on its recovery plan from the more than $1 billion of losses incurred from significantly increased project construction costs, particularly at the Cameron project in Louisiana being built by Sempra Energy.
