Japan LNG

How major LNG deal with Japan signals Malaysia as rising Asean ‘middle power’

Advertisement How major LNG deal with Japan signals Malaysia as rising Asean ‘middle power’ Petronas’ 20-year agreement to supply JERA with LNG shows how Malaysia is using its natural resources to strengthen ties, analysts say 3-MIN READ3-MIN Listen Japan’s signing of a 20-year LNG supply deal with Malaysia’s Petronas has cast the Southeast Asian country as a valuable energy and security partner, as Tokyo looks to protect itself from global supply shocks and deepen ties with trusted allies....

Japan Officials Met Metals, LNG Firms in Unusual Moscow Talks

Inpex to seek orders from Australia's workplace tribunal to stop labour action at Ichthys LNG

Inpex to seek orders from Australia's workplace tribunal to stop labour action at Ichthys LNG June 9 : Japan's Inpex said on Tuesday it would seek urgent orders from Australia's Fair Work Commission to halt protected industrial action at its Ichthys liquefied natural gas facilities. The Offshore Alliance, made up of the Maritime Union of Australia and the Australian Workers' Union, said on Monday it would escalate the strike at Inpex's Ichthys sites in Australia after the Fair Work...

Woodside exercises pre-emptive right to buy PetroChina's stake in Browse JV

Woodside exercises pre-emptive right to buy PetroChina's stake in Browse JV June 12 : Woodside Energy said on Friday it had exercised its pre-emptive right to acquire PetroChina's 10.67 per cent stake in the Browse gas fields off the coast of Western Australia, blocking a deal agreed with Japan's Inpex. Under the terms of the transaction, Woodside will pay $225 million to PetroChina, along with reimbursement of cash call contributions made since June 30, 2025. The agreement also includes a...

Woodside exercises pre-emptive right to buy 10.67% stake in Browse JV from PetroChina

Woodside exercises pre-emptive right to buy 10.67% stake in Browse JV from PetroChina June 12 : Woodside Energy said on Friday it had exercised its pre-emptive right to acquire PetroChina's 10.67 per cent stake in the Browse gas fields off the coast of Western Australia, blocking a deal agreed with Japan's INPEX. Under the terms of the transaction, Woodside will pay $225 million to PetroChina, along with reimbursement of cash call contributions made since June 30, 2025. The agreement also...

Workers to escalate strike at Inpex's Ichthys LNG sites after talks fail

Workers to escalate strike at Inpex's Ichthys LNG sites after talks fail June 8 : Workers will escalate the strike at Inpex's Ichthys LNG facilities in Australia that started last week over a wage dispute, after talks failed to progress with the Japanese operator, the Offshore Alliance union said on Monday. Ichthys accounts for about 10 per cent of LNG supply from Australia, which is now the world's second-largest LNG exporter following damage to facilities in Qatar due to the Iran war. The...

Keeping India's growth story intact: 5 lessons from Middle East conflict that should not be ignored

Led by a growing domestic demand and a favourable demographic dividend, the Indian economy and its growth story have been called fundamentally strong by economists. But short-term global economic shocks, like the ongoing Middle East conflict, have the potential to temporarily slow the growth story - a fact that cannot be ignored if India hopes to be among the top three world economies in the coming years. In its latest Economy Watch report, EY has pointed out the need for India to ‘recast...

How have countries around the world responded to the US-Israel war on Iran?

How have countries around the world responded to the US-Israel war on Iran? The war, which has entered its 100th day, has upended global financial and energy markets, drawing concerns from world leaders. Sunday marks 100 days since the United States and Israel launched war on Iran – a conflict that has triggered a global energy crisis and darkened the global economic outlook.

Dollar steadies as markets await signals on Iran war, central banks

Dollar steadies as markets await signals on Iran war, central banks TOKYO, June 1 : The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait of Hormuz shipping lane for oil. Oil jumped in early trade after Israel ordered troops to move further into Lebanon in the...

30 million barrels of oil storage: India, UAE work to expand strategic reserves

India and the UAE are looking to expedite work on building 30 million barrels of strategic oil reserves. The move comes within weeks of PM Narendra Modi’s visit to UAE where MOUs for this were signed. India, the world's third-largest consumer of energy, relies on imports for nearly 88% of its crude oil requirements.