This week in energy: more long-term LNG for Bangladesh, all eyes on the US and a Thai ammonia collaboration

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. 

Bangladesh signs another long-term LNG deal
Some encouraging news this week from Bangladesh, where accessing enough affordable gas to meet the needs of businesses and communities has been a high-profile challenge in recent years. 

As part of a new long-term LNG supply deal – the country’s fourth – Bangladesh’s Summit Oil and Shipping will supply up to 1.5 million tonnes per year of LNG to state-owned Petrobangla for 15 years from 2026. 

Gas is not only the major source of power generation for Bangladesh but critical to the operation of its manufacturing industries, including textiles. 

Read more: https://bit.ly/4a7wu2I 

All eyes on the US at a pivotal time
ANGEA CEO Paul Everingham is headed to the US for an important visit that will include meetings with key energy stakeholders in Washington DC, participation in an energy conference in Colorado and then CERAWeek in Houston. 

As Paul reflects in an opinion article on the ANGEA website, the trip comes at a pivotal time given the recently announced pause on US LNG export approvals. 

“Our message will be quite simple. As an energy importing region, any reduction or restriction to future LNG supply from the US will put energy security and energy transition in Asia very much at risk.” 

Read more: https://bit.ly/3P5JePd 

Major energy firms in the Philippines collaborate on LNG facility
The LNG industry in the Philippines continues to gather momentum, with three Philippine energy firms – AboitizPower, MERALCO PowerGen Corporation and San Miguel Global Power – partnering for the first time on a large-scale integrated facility. 

Aboitiz and MERALCO will invest in two gas-fired power plants of a unit of San Miguel, with the three companies also looking to acquire the import terminal owned by Linseed Field Corp to store and process LNG fuel for the plants. 

Collaborations like this will be of significant benefit for the Philippines, as the country looks to move away on its current strong reliance on coal for electricity generation and increase gas-fired power.

With the Philippines’ own Malampaya gas field entering depletion, LNG imports will be essential to that transition. 

Read more: https://s.nikkei.com/3wGOy5t  

Focus on gas exploration in SEA
While LNG is a critical to energy systems around Asia, there are also clear benefits to be gained from continuing to explore the region and unlock domestic gas resources. 

As reported this week by Reuters, nations and companies around the region are actively searching for undiscovered sources of gas that can boost energy security and underpin energy transition. 

This has particularly been the case for Indonesia and Malaysia, where there have been significant upstream discoveries in recent times.  

Read more: https://reut.rs/3P4mkrv  

Mitsubishi partners up with PTT for Thai ammonia
ANGEA member company Mitsubishi Heavy Industries has announced a new collaboration with Thailand state-owned oil and gas company PTT Group on low-carbon energy solutions.

The pair will work together on a pre-feasibility study into using 100% ammonia in gas turbine power generation in Thailand and also the potential for establishing an ammonia supply chain.

Thailand has committed to carbon neutrality by 2050 and the development of new, low-carbon fuels can play an important part in achieving that goal. 

Read more: https://bit.ly/3V590XT 

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.