This week in energy: positive Philippines news, Asian LNG appetite drives investment and innovative cooling

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. 

Gas-fired power ramping up in the Philippines
As a freshly-minted LNG importing nation, it’s very encouraging to see more gas-fired power entering the Philippines‘ energy mix. 

This week one of the country’s biggest power companies, San Miguel Global Power, said it was optimistic three new gas-fired plants would come online by the end of 2024. San Miguel took delivery of the first ever LNG shipment to the Philippines in late April. 

Read more: https://bit.ly/3qrDsyF 

LNG could help cool big data centres
A very interesting piece of LNG-related news that captured our attention this week came out of Thailand, where a new data centre set to open in Bangkok could tap into stored “cold energy” from the regasification of LNG to produce the electricity and chilled water it requires for cooling.

Data centres are essential to modern business operations and cloud computing but they are highly energy intensive, with the largest of them having power demand equivalent to tens of thousands of households. 

Read more: https://bit.ly/3KG08lt 

MHI in the carbon capture spotlight
ANGEA member company Mitsubishi Heavy Industries was in the news twice this week for its work in the carbon capture space. 

Firstly, its highly innovative and easy-to-install-and-operate Compact CO2 Capture System received a third award in two years – this time receiving the Machine Design Award IDEA from the Japan Electrical Manufacturers Association (read more: https://bit.ly/3KJjCps). 

It was also announced that MHI and Heidelberg Materials North America were taking significant strides towards a global first, in the shape of a full-scale carbon capture, utilisation and storage (CCS) system for a cement plant. 

Projected to be fully operational by late 2026, the pilot system at a Canadian plant is set to capture 1 million tonnes of CO2 annually. 

Read more: https://bit.ly/3QAShtf 

ANGEA in the news
A couple of pieces of news that we were delighted to be part of this week. 

One was an interview for Paul Everingham with Asian Power, focussing on the key role gas has to play in helping countries in Asia realise their energy security and energy transition ambitions (read the article here: https://bit.ly/3qzNDB4). 

Paul also appeared in an article in the Jakarta Post, outlining the potential for Indonesia to develop a carbon capture industry with international scope. 

The article built on a recent workshop ANGEA hosted in Jakarta involving a variety of key government and energy industry officials, and also the publication of our CCS Whitepaper. 

Read the Jakarta Post article: https://bit.ly/45bVnIz 

Access our Whitepaper: https://bit.ly/3DCR2BZ  

Positive trend in Asian LNG investment 
A data release from BMI Country Risk and Industry Research that caught our eye this week reveals a strong appetite for LNG in Asia is driving the growth of regasification capacity in the region. 

The article highlights increasing investment in LNG import infrastructure in Southeast Asia – primarily driven through energy transition plans in countries such as Vietnam, the Philippines, Thailand and Indonesia. 

Read more: https://bit.ly/3YJ61UJ 

Global coal shipments at record levels
On the flip side, an article published in Yahoo Business points towards a key challenge in energy transition for countries in Asia – namely that coal remains a strongly available and affordable commodity for use in power generation.

One of the major recommendations of our recent Rystad Energy Study into Energy Security in Southeast Asia was for gas-producing nations around the world to continue bringing on more supply to meet Asia’s needs over coming decades.

It’s critical that countries in Asia – particularly those with still-developing economies – are able to access LNG in sufficient quality and at an affordable price to meet their energy security needs, progress energy transition plans and reduce reliance on coal. 

Read more: https://yhoo.it/3skKPZf 

International collaboration on methane emissions
Good news during the week out of the Asia Pacific Economic Cooperation event in Seattle, with the governments of Australia, Canada, Chile, Indonesia, Japan, the Republic of Korea, New Zealand, Papua New Guinea, Peru, Chinese Taipei, and the United States making a joint statement on methane emissions.

Monitoring, mitigating and reducing methane emissions is an extremely important challenge in the LNG supply chain, and one that ANGEA and its member companies are strongly committed to tackling.

As the statement notes, public-private coordination will be needed to help achieve emissions reductions across the LNG chain, especially in relation to methane.

Read more: https://bit.ly/45rSJOy 

Canadian carbon capture start-up sells for more than $US1 billion
Carbon capture has enjoyed plenty of mainstream media attention over the past 12 months and that has continued with Occidental Petroleum’s $US1 billion-plus acquisition of Canadian carbon capture start-up Carbon Engineering. 

Carbon Engineering has a focus on direct air capture technology but the deal has likely featured in more headlines because of the identify of Occidental’s major shareholder – famed investor Warren Buffet’s Berkshire Hathaway. 

Read more: https://bit.ly/3E2bTif

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.