This week in energy: big Japanese LNG investment, positive US supply news and significant carbon capture developments

Each week, the Asia Natural Gas and Energy Association (ANGEA) compiles stories from the energy world that have caught our eye.        

Given the region in which we operate – and our purpose – this collection of content is largely Asia-focussed. But we also look further afield, knowing that developments, trends and technology from around the world also have an impact across our region.        

Here’s what has resonated over the past seven days. 

LNG Japan invests big in Australian project
ANGEA member LNG Japan was in the news this week, with a sizeable investment in the Scarborough project being developed off the coast of Western Australia. 

Fellow member Woodside Energy is developing the gas field and will operate the project, with LNG Japan securing a 10 per cent stake this week, along with an agreement for the sale and purchase of 12 LNG cargoes per year for 10 years starting 2026. 

The low carbon intensity gas produced at Scarborough is poised to play a key role in Asian energy transition, helping countries reduce their use of coal-fired power. 


Two more major American projects near FID
On the subject of significant projects that will benefit Asia’s energy mix, it was very encouraging to read that recently-joined ANGEA member Sempra Infrastructure was targetting FID in 2024 for expansions of its export plants at Cameron and Port Arthur in Louisiana and Texas respectively. 

It’s vital that that additional supply – like what Cameron and Port Arthur would produce – continues to come online in gas-producing countries to meet rising demand in Asia and other parts of the world. 

Read more: 

Vietnam prioritising energy development
Back to Asia, and more positive news out of Vietnam, where the Ministry of Industry and Trade (MoIT) is prioritising development of its energy industry and associated sectors.  

Vietnam’s energy systems will be of global interest following the adoption of National Power Development Plan 8, which outlines a growing and critical role for gas (and particularly LNG imports) replacing coal in the energy mix. 

The MoIT will look to assign priority to the development of clean energy, renewable energy, and new energy sources like hydrogen, hydrogen fuel cells, and LNG.  

Red more: 

Jera launches Indonesia unit operations
Another Southeast Asian nation looking to decarbonise while continuing rapid growth is Indonesia, which is currently home to the world’s fourth biggest population and by 2050 is projected to be its fourth largest economy. 

ANGEA member JERA this week officially launched PT JERA Energi Indonesia, which will focus on supporting Indonesia in its energy transition, including LNG-to-power, renewable energy, and other projects. 

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New report champions unique energy transition journeys
A newly published report which caught our eye – and which ANGEA certainly concurs with the conclusions of – comes via a collaboration between the International Energy Forum and S&P Global on the state of global energy transition.

As the comprehensive report outlines, the concept of a “linear global transition” needs to be swapped for a “multidimensional” approach that takes into account the individual circumstances faced by countries around the world. 


US makes a major investment in direct air capture
The impact of the US Government’s Inflation Reduction act on the development of carbon capture and other energy transition measures was covered in this blog a couple of weeks back. 

But on the weekend arrived one of the strongest indications yet of US support for new technology that will assist decarbonisation – a US$1.2 billion investment from the Department of Energy in direct air capture (DAC). 

The funding is for two projects in Louisiana and Texas, which will effectively “vacuum” up CO2 that is already in the atmosphere. 

January’s State of Carbon Dioxide Removal report (led by the University of Oxford) identified direct air capture as a measure that would need to be significantly scaled up globally for the world to realise its net zero ambitions. 

Read more: 

Red our Carbon Capture and Storage Whitepaper: 

Significant CCS news from Asia
It turned out be quite a busy news week for carbon capture and storage in Asia, with Hanwha Corp. and Shell joining the consortium collaborating on the Shepherd Carbon Capture and Storage project off Malaysia, and Santos giving a positive progress update for its proposed CCS project off Timor-Leste. 

Santos is exploring partnership opportunities with national oil company Timor Hub in relation to what could be a very significant CCS hub servicing customers in Australia, Japan, South Korea and across Asia – as well as opening up new economic opportunities for Timor Leste. 

Read more: 

Germany continues to forecast gas squeeze
Finally, a piece of gas news from outside the region but one that is very relevant to the Asian energy landscape. 

While many European countries have pivoted to LNG since Russia’s invasion of the Ukraine, Germany has perhaps been the most active – which makes it telling that the country’s gas storage operators association, INES, believes action will be required on gas until 2026-27. 

INES says Germany must continue to invest in supply security and floating LNG import infrastructure, highlighting the competitive space in which LNG-buying Asian nations will be operating over the next few years. 


ANGEA is an industry association representing LNG and natural gas producers, energy buyers, suppliers and companies in APAC. Based in Singapore, it works in partnership with governments and societies across the region to deliver reliable and secure energy solutions that achieve national economic, energy security, social and environmental objectives and meet global climate goals.