japan

Indonesia OKs New Plan for Inpex’s Long-Delayed Abadi LNG Project

Indonesia OKs New Plan for Inpex’s Long-Delayed Abadi LNG Project

Japan’s Inpex Corp. has received government approval for the long-delayed Abadi natural gas production and LNG project in eastern Indonesia, which includes plans for carbon capture and sequestration (CCS) facilities. With Indonesia’s rising domestic natural gas consumption and dwindling production, the country has been keen to develop its untapped resources to meet both international and…

December 26, 2023
Japanese Offtakers Ask FERC for ‘Timely’ Authorization Decision for CP2 LNG

Japanese Offtakers Ask FERC for ‘Timely’ Authorization Decision for CP2 LNG

Some of Japan’s largest LNG players are voicing concern about the timeline of FERC’s authorization decision on Venture Global Inc.’s Calcasieu Pass 2 (CP2) LNG project as they try to balance the country’s long-term natural gas supply outlook. The CEOs of Inpex Corp. and Jera. Co. Inc. have penned letters to the Federal Energy Regulatory…

December 11, 2023
Japan Secures LNG Cargoes for Country’s First Strategic Natural Gas Reserve 

Japan Secures LNG Cargoes for Country’s First Strategic Natural Gas Reserve 

Jera Co. Inc., Japan’s largest power producer, has secured three LNG cargoes to ensure winter demand is met through February 2024 in a purchase made as part of the government’s plan for a strategic reserve of the super-chilled fuel.  Previously, only commercial stocks of liquefied natural gas were held in Japan. Now, like the country’s…

December 7, 2023
Russian, Australian Supply Uncertainty Drives Japanese to Diversify LNG Suppliers

Russian, Australian Supply Uncertainty Drives Japanese to Diversify LNG Suppliers

Japan is looking to further diversify its LNG supply to shore up energy security as sanctions against Russian terminals, labor strikes in Australia and now a conflict in the Middle East, provide more threats for the global LNG market. “The Group of Seven (G7) Partners are committed to working jointly to deny Russia future energy…

October 17, 2023
More Australian Offshore Workers Approve Strike Action, Spiking Global Natural Gas Prices – LNG Recap

More Australian Offshore Workers Approve Strike Action, Spiking Global Natural Gas Prices – LNG Recap

Global LNG prices ratcheted up at the start of the week as the latest news on potential Australian labor action at one of the country’s largest export facilities increased the risk of European and Asian competition ahead of winter. The majority of union workers at Woodside Energy Group Ltd’s Northwest Shelf (NWS) offshore platforms, which…

August 21, 2023
Uptick in Chinese Natural Gas Imports Places Further Pressure on Global LNG Supply

Uptick in Chinese Natural Gas Imports Places Further Pressure on Global LNG Supply

Despite a slower than expected economic recovery from the Covid-19 pandemic, China gradually regained its position as the world’s largest LNG importer in July, raising the potential for a winter supply squeeze. China’s liquefied natural gas imports from the beginning of the year through July totaled 42.2 million tons (Mt), placing it around 2 Mt…

August 11, 2023
New Asian LNG Buyers Slowly Influencing Global Natural Gas Market – Column

New Asian LNG Buyers Slowly Influencing Global Natural Gas Market – Column

Asian natural gas consumption is the foundation upon which the LNG industry has been built.

August 3, 2023
Global Natural Gas Prices Remain Muted as Market Looks Ahead to Winter, 2024 Demand – LNG Recap

Global Natural Gas Prices Remain Muted as Market Looks Ahead to Winter, 2024 Demand – LNG Recap

Despite sweltering heat waves and a slight lift in European prices, LNG market activity is expected to remain light as buyers and U.S. producers hone in on the future supply and demand scenario. After a brief climb to almost $11/MMbtu last week, the Dutch Title Transfer Facility (TTF) dropped to $8.705/MMBtu at the end of…

July 31, 2023
Japan’s LNG Buyers Increasingly Frustrated with Australia’s Energy Policy

Japan’s LNG Buyers Increasingly Frustrated with Australia’s Energy Policy

Australia could lose long-term LNG supply contracts with Japan under recent government policy changes over the past several months that appear to undermine the country’s natural gas industry. Under the Australian Domestic Gas SafeGuard Mechanism (ADSGM) passed earlier this year, the government is allowed to divert liquified natural gas feedstock to meet domestic demand, and…

July 20, 2023

Sempra Requests Port Arthur LNG Construction Ramp-Up – The Offtake

A roundup of news and commentary from NGI’s LNG Insight Sempra Infrastructure is looking to ramp-up construction at the Port Arthur LNG site in Texas, according to a recently published filing with the Federal Energy Regulatory Commission. The firm requested authorization for up to 6,000 people on site 24 hours a day as it progresses…

June 28, 2023