Montney eyed as strategic assets for Canada’s LNG ambitions
Designating the Western Canadian Sedimentary Basin and the Montney formation as “strategic national assets” would help reduce feedgas risk and uncertainty facing Canada’s LNG sector today, Ottawa-based Public Policy Forum said in a report on unlocking LNG export potential.
JERA enhances supply balance prior to heavy-load winter season
JERA is taking action to stabilise electricity supply during the heavy-load winter season between December and March. One LNG cargo per month will be imported as 'strategic buffer' and Taketoyo plant will be powered by coal, not biomass, as a “provisional measure.”
Collapse of China’s LNG offtakes puts markets in disarray
China’s LNG demand collapse – along with strategic stockpiling of oil – have put trade flows and price dynamics in disarray. Imports plunged 20% in the first half of 2025, making Asian spot LNG prices fall from a peak of $16.50 per MMBtu in February to currently around $11.34 per MMBtu.
Bosowa and BK LNG accelerate Indonesia’s coal-to-gas switch
Privately-held Bosowa Energy Group, an East Indonesian conglomerate, has teamed up with BK LNG Solutions to accelerate Indonesia’s clean energy transition. The two partners agreed to develop floating storage units (FSRUs) for importing LNG to fuel gas-fired power plants and distribute small-scale LNG via ISO tanks to remote and underserved regions.
The cooperation allows Bosowa Energy to combine its domestic operational capabilities with BK LNG’s international LNG expertise. A key element of the partnership will be the re-powering of diesel-fuelled plants on remote island to run on natural gas. The initiative will not only help cut emissions but also improve electricity access and grid stability in remote and often underserved regions.
Pilot projects underway in East Indonesia
To that end, Bosowa and BK LNG want to deploy modular LNG regas units and develop a localized system of micro grids. Pilot projects are scheduled to launch in Eastern Indonesia towards the end of 2025, with plans to expand operations nationwide in the coming years.
By joining forces, Bosowa and BKLS aim to accelerate project execution. Muhammad Akram, Chief Operating Officer (COO) of Bosowa Energy Group said the partnership “not only enables us to diversify our energy portfolio with scalable LNG solutions, but also directly supports our mission to reduce emission to enhance energy reliability in underserved regions.”
Henry Kim, President of Singapore-based BK LNG Solutions, highlighted the company’s commitment to support Indonesia’s clean energy transition: "As a specialist in flexible LNG solutions (…) we are confident in our ability to deliver reliable and efficient natural gas solutions tailored to Indonesia's unique needs, which we believe are essential for a resilient energy transition,” he said.
Rival FSRU onstream in West Java
The Japanese shipping major Mitsui O.S.K Lines (MOL) has already put an FSRU into commercial operation in early April. The floating LNG import units helps provide fuel to a power plant in West Java. The project is one of Asia’s first integrated gas-to-power project that involves an FSRU.
Development of the Jawa 1 gas-fired plant and project development was handled by PT Jawa Satu Regas (JSR), a jointly established company with PT Pertamina, Marubeni, and Sojitz Corp. Debt financing was arranged via the Japan Bank for International Cooperation, Asia Development Bank (ADB), Mizuho Bank, MUFG Bank, Oversea Chinese Banking Corpn, Crédit Agricole and Investment Bank, and Société Générale Bank & Trust.
Horizon finalises EPC concept for Western LNG
ASX-listed Horizon Oil has just finalised the engineering concept on its Western LNG development in Papua New Guinea. The 1.5 mpta project will generate US$20-30 billion in revenues over its lifetime, according to Horizon’s new CEO Michael Sheridan.
