This week in energy: US Senate looks at LNG, long-term deals in Asia and CCS rules for Indonesia

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.    

US LNG approval pause enters Senate Hearing
One of the strongest discussion points of the energy landscape to start 2024 has been the US Government’s decision to pause pending LNG export approvals and reconsider the criteria under which they would be assessed going forward. 

A number of companies and countries have voiced their concerns over the situation, with JERA highlighting a possible impact on Japan’s energy security and Japan’s Ministry of Economy, Trade and Industry expressing a similar view. 

The decision is now subject to a Senate Hearing, at which energy industry officials from around the world have flagged serious long-term ramifications that could stem from any change to the status of the US as a reliable and trusted source of low-carbon LNG. 

As the Center for LNG’s Charlie Riedl put it: 

At a time when energy security and climate change are critical global issues, the significance of US LNG cannot be overstated.

“LNG is a key component for accomplishing two of the US’ most important objectives: improving energy security and bolstering environmentally responsible and sustainable practices.” 

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Natural gas powering Asia’s energy transition
Many thanks to ANGEA member company Mitsubishi Heavy Industries for providing our CEO Paul Everingham with the opportunity to contribute to an article for the excellent Spectra series. 

Fittingly, the article for which Paul was interviewed focussed on the role of gas and LNG in underpinning the energy transition in Asia, in particular supporting countries to move away from a reliance on coal in electricity generation. 

As Paul told Spectra: “Many people think that coal consumption peaked in the 1970s. In reality, it still hasn’t peaked.” 

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 JERA enters new LNG pact in Indonesia
One of the countries which will benefit most from a gas-supported energy transition will be Indonesia. 

The world’s fourth most populous country is projected to have the world’s fourth largest economy by 2050 and faces the very challenging task of balancing progress on climate objectives with the need to meet growth-fuelling energy demand. 

Increased use of natural gas offers a pathway to achieving that and ANGEA member company JERA is partnering with state power company PLN on  the development and operation of LNG receiving terminals and research on the potential for a future hydrogen and ammonia value chain. 

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India continues to seal new LNG deals
A notable trend over the past few months has been India’s appetite for LNG – and the wide range of deals it has signed for new import deals. 

That trend continued over the past fortnight, with a new 10-year deal between GAIL and ADNOC being followed by a 20-year extension between Qatar-Energy and Petronet that will run through until 2048. 

India is aiming to grow the share of gas in its energy mix to more than 15 per cent by 2030, as it transitions away from the high-emitting coal that has historically provided the majority of electricity generation. 

Bangladesh looks long-term for its gas needs
Bangladesh is one of the countries that often feels the impact of scarcity and price spikes in the global LNG market – often struggling to access LNG on the spot market due to affordability issues. 

Given the critical role of gas in Bangladesh’s economy, supporting both power generation and the manufacturing industry, it’s essential that the country is able to access LNG reliably and affordably. 

With that in mind, it’s very encouraging to see Bangladesh seeking (and finding) more flexible long-term deals at it looks to meet a demand for gas that was expected to double between 2023 and 2027. 

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Sempra enters decarbonisation partnership with JBIC
ANGEA member company Sempra Infrastructure continues to expand on its partnerships with Japanese industry and financial institutions around decarbonisation and energy transition.

This latest MOU with Japan Bank for International Cooperation includes developments in LNG and hydrogen, with a view to supporting the objectives of the US Department of Energy-Japan Ministry of Economy, Trade and Industry Memorandum of Collaboration on carbon capture, storage, conversion and recycling, and carbon dioxide removal. 

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Indonesia issues CCS rules around cross-border CO2
A positive step in Indonesia with the issuing of Presidential Regulations that will pave the way for emissions captured elsewhere in Asia to be shipped there and stored permanently in depleted reservoirs and aquifers. 

Carbon capture and storage operators will be permitted to set aside 30 per cent of their storage capacity for imported carbon dioxide. 

The development of at-scale, transboundary CCS value chains will be essential to Asia’s net zero aspirations and Indonesia is making strong progress in the establishment of a new industry that will add to its growing economy.


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.