This week in energy: CERAWeek is here, a Thai take on US LNG and a major Canadian project gets closer

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-focused. But we also look further afield, knowing that developments, trends and technology from around the world also have an impact across our region. 

A significant week looms in Houston
CERAWeek is always one of the biggest occasions on the energy industry calendar and with more than 7000 attendees expected this week in Houston, the 2024 event promises to be no different. 

The conference’s focus on “Multidimensional Energy Transition: Markets, climate, technology and geopolitics” is extremely apt given global events of the past few years and the recently-announced US LNG export approvals pause. 

ANGEA CEO Paul Everingham is attending CERAWeek to round out a two-week stint in the US and expects the LNG pause to a prominent part of many conversations  

“It is vital for US LNG export approvals to resume as soon as possible, so Asian policymakers can make critical decisions about their countries’ futures without uncertainty and sovereign political risk.”    

Read the Paul’s full blog: https://bit.ly/3P5JePd  

Telling Asia’s energy story in Washington DC
Paul’s travels so far in the US have concentrated on Washington DC and engaging with key stakeholders to communicate Asia’s concerns about the LNG pause. 

This has included Congressional representatives and staff, officials from the relevant government departments and members of the media. 

As Paul has explained in these meetings, Asia’s energy landscape is unique and diverse and US LNG has a critical role to play through coming decades in supporting both energy security and progress on decarbonisation in our region. 

A Thai take on the US LNG situation
ANGEA and its member companies are very grateful to Dr Kurujit Nakornthap, Executive Director of the Petroleum Institute Of Thailand, for providing his perspective in an opinion article on our website about the current US LNG situation and the impact it could have on Thailand’s future energy systems. 

As Dr Nakorthap explains, the uncertainty around future US LNG supply makes planning around energy sourcing for Thailand a more difficult process. 

“The recent US Government announcement of a halt to pending LNG export approvals is a cause of concern for Thailand, as well as traders and importers across the Far East. It is bound to hurt, not help, the spirit of free trade that the US is championing.” 

Read more: https://bit.ly/3T5yrpq  

The case for carbon capture and more in Indonesia
The Jakarta Post published a very interesting article last week looking at not only Indonesia’s potential to build a globally relevant carbon capture and storage (CCS) industry – but to expand into new opportunities putting captured C02 to further use.

This could include direct industrial use in the manufacture of chemicals, polymers, plastics, resins and fertilisers; the production of synthetic fuels; or the creation of construction materials, such as finished concrete.

Read more: https://bit.ly/3IwoH2U  

LNG Canada getting closer to first shipment
There was some very positive news via Malaysia out of Canada over the past few days, with Petronas Group CEO and President Tan Sri Tengku Muhammad Taufik Tengku Aziz telling media the LNG Canada project would ship its first gas by year’s end. 

Petronas has a 25 per cent share in LNG Canada, which will be the first LNG export facility on the country’s west coast to enter operation with annual production of up to 14 million tonnes. 

Western Canada is an attractive point-of-origin for Asian LNG buyers, in part because of the convenient and cost-effective shipping routes it can offer. 

Read more: https://bit.ly/49Vb9tP  

Bangladesh set to re-engage on gas exploration
It’s been eight years since Bangladesh last sought tenders for gas exploration, which makes last week’s opening of bidding on 24 offshore blocks a potentially momentous development for the country’s energy security. 

Bangladesh relies on gas to generate the majority of its electricity and to support textile manufacturing and other key industries, so recent high-profile challenges around gas supply have hit the country hard.

Bangladesh has recently signed several longer-term deals to import LNG and restarting exploration for domestic resources would open up other avenues to access gas. 

Read more: https://s.nikkei.com/49NSuzY

Gail targets LNG for transport sector
In another demonstration of LNG’s flexibility as a fuel that offers significant decarbonisation benefits, India’s largest gas utility GAIL plans to invest about $78 million to build LNG filling stations and boost its use in the transport sector. 

Heavy duty vehicles running on LNG can produce up to 25 per cent less CO2 than their diesel equivalents. 

Other corporations linked with GAIL are also seeking to develop LNG filling stations, so the cumulative impact on emission reductions could be significant. 

Read more: https://bit.ly/3IGzJTb  

 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.