Asia Pacific
INEOS and SINOPEC Sign Three Significant Petrochemical Deals with an Aggregate Value of $7 Billion
INEOS and SINOPEC have today signed three back-to-back deals worth a combined value of $7bn. These landmark agreements are expected to generate a combined turnover of around $10bn from 7 million tonnes of capacity. The three agreements will significantly reshape INEOS’ petrochemicals production and technology in China.
NextDecade Announces 1.0 MTPA LNG Sale and Purchase Agreement with ExxonMobil
NextDecade Corporation announced today the execution of a 20-year sale and purchase agreement (“SPA”) with ExxonMobil LNG Asia Pacific, an ExxonMobil affiliate, for the supply of liquefied natural gas from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.
Cheniere and PTT Sign Long-Term LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its wholly-owned subsidiary, Corpus Christi Liquefaction, LLC has entered into a long-term liquefied natural gas sale and purchase agreement (“SPA”) with PTT Global LNG Company Limited, a wholly-owned subsidiary of PTT Public Company Limited, Thailand’s largest state-owned, multinational energy company.
Cheniere and PetroChina Sign Long-Term LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its wholly-owned subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas sale and purchase agreement (“SPA”) with a subsidiary of PetroChina Company Limited.
BASF Gives Final Approval for the Construction of the Zhanjiang Verbund Site
BASF SE today gave final approval for the construction of the planned Verbund site in Zhanjiang in the southern Chinese province of Guangdong. The project is on schedule. The focus will now be on building the core of the Verbund, which includes a steam cracker and several downstream plants for the production of petrochemicals and intermediates, among others. BASF will invest up to €10 billion by 2030 to build the new Verbund site.
TotalEnergies Announces New Milestone towards Papua LNG Development
TotalEnergies, as operator, has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities.
NRL Selects Lummus’ Novolen Technology
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced a recent contract award from Numaligarh Refinery Ltd. (NRL). The award is for a new 360 KTA polypropylene (PP) unit using Novolen® technology at NRL’s refinery in Golaghat, Assam, India. Lummus’ scope includes the technology license, basic design engineering, training, technical services and catalyst supply.
Bechtel Starts Construction on Taiwan’s Largest LNG Storage Tanks
Today, Bechtel, CPC Corporation, and MRY broke ground on the project to design and build LNG tanks for the CPC Taichung Phase III LNG import terminal in Taichung, Taiwan.
Samsung Engineering wins USD 680 mil EPCC contract from Shell for a gas plant in Malaysia
Samsung Engineering, one of the world’s leading Engineering, Procurement, Construction and Project Management (EPC&PM) companies announced today, that it has received yesterday an Engineering, Procurement, Construction and Commissioning (EPCC) USD 680 mil contract from Sarawak Shell Berhad (SSB), for its OGP (Onshore Gas Plant for Rosmari Marjoram) project in Bintulu, Sarawak, Malaysia. The project will be executed in two phases; a limited scope prior to SSB obtaining its FID for the Rosmari Marjoram project; with all of the remaining scope to be executed after SSB obtains FID.
HIF Global begins approval process for its first carbon neutral eFuels manufacturing facility in Australia
HIF Global, the world’s leading eFuels company, announced today that it has begun the development of Australia’s first large-scale, carbon-neutral eFuels production facility in Tasmania. HIF Asia Pacific, a wholly owned subsidiary of HIF Global, filed a Notice of Intent (NoI) with the Tasmanian Environment Protection Authority (EPA) seeking approval for the facility, which will be located in north-west Tasmania.
NTPC REL and GACL to collaborate in Renewable Energy and synthesizing Green Chemicals
n order to realize green energy and green hydrogen objectives and the GOI’s efforts towards carbon-neutrality economy, a Memorandum of Understanding (MoU) signed between NTPC RE Limited (NTPC REL) and Gujarat Alkalies and Chemicals Limited (GACL) on 6th July’2022 at New Delhi. The MoU was signed by Shri Harshad R Patel, IAS, Managing Director, GACL and Shri Mohit Bhargava, Chief Executive Officer, NTPC REL.
NextDecade Announces 1.0 MTPA LNG Sale and Purchase Agreement With Guangdong Energy Group
NextDecade Corporation announced today the execution of a 20-year sale and purchase agreement with Guangdong Energy Group for the supply of liquefied natural gas from NextDecade’s Rio Grande LNG export project in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously announced on March 24, 2022.
China Gas and NextDecade Sign 20-year Long-Term LNG Agreement
China Gas Holdings Limited, a leading natural gas operator in China, has announced that its wholly-owned subsidiary China Gas Hongda Energy Trading Co., LTD and Rio Grande LNG, LLC, a subsidiary of NextDecade Corporation, have signed a LNG sale and purchase agreement (SPA).
Ceres and Shell sign agreement for green hydrogen
Ceres, a global leader in fuel cell and electrochemical technology, is pleased to announce that it has signed an agreement with Shell to deliver a megawatt scale solid oxide electrolyser (SOEC) demonstrator in 2023. Shell and Ceres are building this partnership to utilise SOEC technology to deliver high-efficiency, low-cost green hydrogen; now widely viewed as a credible route to decarbonise hard-to-abate parts of the energy system that rely on fossil fuels today.
CQ-H2 project receives $15m funding for FEED Study
The Queensland Government has committed $15 million from the Queensland Renewable Energy and Hydrogen Jobs Fund to support Stanwell to progress the Front End Engineering and Design (FEED) study for the CQ-H2 renewable hydrogen project
Southland hydrogen moves ahead with final partner selection
Two Australian companies, Woodside Energy and Fortescue Future Industries (FFI) have entered final stage negotiations to become lead developer of the world’s largest green hydrogen production facility in Southland.
LG Chem to Produce and Run NCC Plant on Hydrogen
LG Chem announced its plan to produce hydrogen as a key component of its long-term 2050 Net Zero corporate sustainability goal. Aligned with this goal, South Korea’s largest chemical company said it would establish a plant in Daesan, Korea, with the capacity to produce 50,000 tons of hydrogen annually by the second quarter in 2024. This plant will be the first LG Chem site to produce pure hydrogen, apart from those earned as off-gases.
bp to lead and operate one of the world's largest renewables and green hydrogen energy hubs based in western Australia
bp today agreed to acquire a 40.5 per cent equity stake in and to become operator of the Asian Renewable Energy Hub (AREH), which has the potential to be one of the largest renewables and green hydrogen hubs in the world.
Adani and TotalEnergies to create the world's largest green hydrogen ecosystem
Adani, India's fastest-growing diversified business portfolio, and energy supermajor TotalEnergies of France, have entered into a new partnership to jointly create the world's largest green hydrogen ecosystem. In this strategic alliance, TotalEnergies will acquire 25% minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL).
Airbus and Kansai Airports partner to study the use of hydrogen in the decarbonisation of the aviation sector in Japan
Airbus and Kansai Airports have signed a Memorandum of Understanding (MoU) to explore the use of hydrogen at three of the Group’s airports in Japan (Kansai International Airport, Osaka International Airport, and Kobe Airport).
Air Products Awarded Long-Term Hydrogen and Nitrogen Supply Agreement for Indian Oil Corporation
Air Products, a world leader in industrial gases and large-scale project development, execution and operation, today announced the signing of a long-term supply agreement with Indian Oil Corporation Limited (IOCL), India’s flagship national oil company. Air Products will build, own and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar, India.
Masdar agrees to develop 4 GW of clean energy projects in Azerbaijan
Masdar, one of the world’s leading renewable energy companies, has signed implementation agreements with the Ministry of Energy of the Republic of Azerbaijan to develop clean and renewable energy projects in the country with a combined confirmed capacity of 4,000 megawatts (MW) as an exclusive concession, with the right to develop an additional 6,000 MW as a second phase, bringing the total production capacity of these projects to 10,000 MW – the largest such signing in Azerbaijan’s history.
ACME Group and Govt of Karnataka sign MoU to invest USD 6.7 billion for Green Hydrogen project
BengaluruGurgaon-based leading renewable energy Company ACME Group and the Government of Karnataka signed today a Memorandum of Understanding (MOU) to invest about Rs 52,000 crore in the State to set up a Green Hydrogen & Green Ammonia project.
Cheniere and POSCO International Sign Long-Term LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its subsidiary, Cheniere Marketing, LLC, has entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with POSCO International Corporation, a subsidiary of POSCO Holdings, Inc., South Korea’s largest steelmaker and owner of South Korea’s first private LNG terminal.
Lummus and Clariant Awarded Contract for One of the World’s Largest PDH Units
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced it and its catalyst partner Clariant have been awarded a major contract by Fujian Meide to supply CATOFIN technology and catalysts for a new, world-scale propane dehydrogenation (PDH) unit in Fuzhou, China.
TotalEnergies Signs LNG Long-Term Sale Contract with Hanwha Corporation
Against the backdrop of World Gas Conference 2022, TotalEnergies announces the signing of a Sale and Purchase Agreement (SPA) with the Korea’s Hanwha Energy Corporation for the supply of 600,000 metric tons of liquefied natural gas (LNG) per year over 15 years, starting in 2024.
GAIL awards contract to set up one of India’s largest PEM based Green Hydrogen project
In line with the National Hydrogen Mission, GAIL (India) Limited has awarded a contract to set up one of the largest Proton Exchange Membrane (PEM) Electrolyser in India. The project would be installed at GAIL’s Vijaipur Complex, in Guna District of Madhya Pradesh, and would be based on renewable power.
Venture Global and Petronas Announce Sales and Purchase Agreement
Venture Global LNG and PETRONAS LNG Ltd., a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS, announced the execution of a new 20-year Sales and Purchase Agreement (SPA) for the purchase of 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s Plaquemines LNG facility. With this agreement, Venture Global has now announced 20-year sales for 16 MTPA of the 20 MPTA nameplate capacity at Plaquemines LNG.
LONGi Hydrogen wins in the world's largest Green Hydrogen Project
Only 1 year after its establishment, LONGi Hydrogen wins in the Sinopec Green Hydrogen Demonstration Project, to supply world leading large scale ALK electrolysis equipment. The project is China's first >10,000 ton green hydrogen project and the world's largest green hydrogen project so far.
Venture Global Announces LNG Sales and Purchase Agreements with ExxonMobil
Venture Global LNG announced the execution of two new long-term Sales and Purchase Agreements (SPAs) with ExxonMobil LNG Asia Pacific (EMLAP) for the sale of 2 million tonnes per annum (MTPA) of liquefied natural gas (LNG). Under the agreements, the ExxonMobil affiliate will purchase 1 MTPA from the Plaquemines LNG facility (Plaquemines) as well as 1 MTPA from the CP2 LNG facility (CP2). This is the second supply agreement for CP2, which is expected to commence construction in 2023. Both facilities will replicate the same successful innovative design seen in operation today at Calcasieu Pass, where speed of execution resulted in the production of first LNG only 29 months after FID.
