This week in energy: reflecting on CERAWeek, Asian decarbonisation developments and Australia’s urgent gas needs

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. 

Reflecting on CERAWeek 2024
CERAWeek is always one of the biggest and most interesting events on the global energy calendar and the 2024 edition was no exception. 

Any event at which you have the likes of Daniel Yergin and Bill Gates in conversation, you know the reflections on energy are going to be highly relevant and very valuable. 

One common theme that emerged from CERAWeek 2024 was the need for the global energy transition to be undertaken pragmatically with a range of fuels and technology. 

Not surprisingly, there was a strong focus on the current US LNG export approvals pause and the concerns it is causing for trade partners around the world. 

As Freeport LNG CEO Michael Smith pointed out, it’s extremely difficult for countries elsewhere in the world to make significant decisions on their energy futures when one of the most important fuels – US LNG – is the source of such uncertainty. 

“There’s a gap in time where there are customers who want to make decisions and to source LNG for 20 years.” 


Growing our connections in the US
CERAWeek rounded out a two-week stint in the US for ANGEA CEO Paul Everingham – one that offered extremely valuable opportunities to grow awareness of Asia’s opportunities and challenges in energy transition. 

The visit included meetings with senior US government officials and members of Congress in Washington DC, where a key topic of conversation was Asia’s needs for LNG over coming decades and the difficulties posed by the export approval pause. 

Both DC and Houston offered great chances to catch up with a range of journalists covering energy and politics beats and brief them on the Asian energy landscape. 

ANGEA is very grateful to everyone who found time to meet and talk with us and also the member companies who supported us on these engagements. 

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Chevron and JX team up on CCS chains
It was great to see our member company Chevron and JX Nippon entering into a collaboration on carbon capture and storage (CCS) to coincide with CERAWeek.

The MOU will examine the feasibility of a CCS value chain that includes CO2 being captured in Japan and transported by ship to Chevron’s greenhouse gas storage portfolio in Australia.

Development of these kinds of value chains will be critical to unlocking the full potential of CCS to underpin energy transition and net zero ambitions in Asia.


JERA’s ammonia co-firing set for new milestone
A significant milestone lays ahead for our member company JERA in the work being undertaken to develop co-firing technology for thermal power plants in Asia.

Hekinan Thermal Power Station – Japan’s largest – will this month commence a trial burning a 20 per cent ammonia mix, with a view to raising this to 50 per cent in commercial operations later in the decade.

Ammonia co-firing has the potential to significantly reduce emissions from thermal power generation and may be particularly beneficial technology for emerging Asia, where many coal-fired power facilities remain some time away from being retired. 

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Urgent need for gas highlighted in Australia
The Australian Energy Market Operator has released its latest 2024 Gas Statement of Opportunities report and it’s fair to say it contains some troublesome reading for the country’s energy security. 

Despite being ‘gas-rich’, a lack of necessary investment in Australian production means there are real concerns about the ability to meet east coast demand in coming years. 

There is a possibility that diesel may be called into service to provide power generation that would otherwise be supplied by gas. 

As Kevin Gallagher from ANGEA member company Santos told The Australian, additional investment in gas production will enable Australia to meet its own gas needs and also support those of Asia, reducing the risk of nations in the region turning to Russia for LNG. 

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New Indian LNG terminal seeks first cargo
India’s progress towards a bigger role for gas in its economy is set to take another positive step, with the Chhara terminal in Gujarat state seeking its maiden shipment. 

 Chhara marks Hindustan Petroleum Corporation’s first foray into LNG and will have the capacity to import 5 million tonnes per year. 

India is aiming to have gas make up 15 per cent of its energy by 2030 as it looks to reduce a long-standing reliance on high-emitting coal for electricity generation. 


Japanese trio work on larger ammonia carriers
Ammonia has great potential as a decarbonised fuel source of the future and increased capacity of ships that carry it could be a key to unlocking that potential. 

To paraphrase a cinematic classic, “we’re going to need bigger boats!” 

In exciting news, ANGEA member MOL is working with Asahi Tanker and IKOUS on a concept study for a large coastal ammonia carrier in the 10,000 cbm class. 

Ammonia is currently transported in coastal vessels with a capacity of about 1000 cbm.

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German’s first land-based LNG terminal reaches FID
The Stade LNG Hub – Germany’s first land-based LNG import terminal – has reached final investment decision, in another indication of the long-term global need for gas and also the versatility of its infrastructure.

The Stade facility is expected to start processing LNG from 2027 and will be equipped to handle a variety of low-carbon fuels of the future, including ammonia.

With Europe’s investment in LNG extending through the 2030s and beyond and Asia’s requirement for LNG to grow significantly over the next few decades, the onus is on gas-producing countries around the world to continue to bring on major projects to meet demand. 


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.