Samsung awarded USD 1.7bn EPC contract
Samsung E&A received a USD 1.7bn EPC contract for the TA’ZIZ Methanol Project in the Ruwais Industrial Complex, UAE. The project includes a methanol plant with a production capacity of 1.8 million tons per year, utilizing modularization and automation technologies.
POSCO International Expands LNG Infrastructure
POSCO International is investing USD 657M to expand the Gwangyang LNG Terminal with two additional 200,000-kiloliter tanks. The company aims to strengthen Korea’s LNG supply infrastructure as global demand rises.
ConocoPhillips takes on stewardship of offshore Malaysia gas PSC
Petronas has transferred operatorship of the Kebabangan Cluster Production Sharing Contract (PSC) offshore Malaysia to ConocoPhillips Sabah Gas. The facilities have an export capacity of up to 750 MMcf/d of gas, with commercial agreements in place for future field developments.
Hyundai Mipo Dockyard initiates steel cutting
Hyundai Mipo Dockyard has begun steel cutting for a 45,000 cbm medium gas carrier (MGC) designed for ammonia transport. The vessel is part of Purus' expansion, with a fleet of dual-fuel ammonia-ready MGCs.
CAPITAL expands fleet with two LNG-ready tankers
Capital Ship Management has expanded its fleet with two LNG-ready crude oil/product carriers built by New Times Shipbuilding in China. The vessels are IMO EEDI Phase III compliant and feature advanced energy efficiency systems.
SteelAsia awards EPCM contract to MCC Huatian
SteelAsia’s USD 512M facility in the Philippines will produce heavy structural steel, reducing imports and creating 7,000 jobs by 2027.
ADB to fund Indonesia USD 92.6M for geothermal expansion
ADB is providing USD 92.6M to expand Indonesia’s geothermal power with a new 83MW plant in West Sumatra, boosting energy security and reducing emissions.
A long-term view on Petronas Gas, Dialog Joint ASU Project
The LNG-based air separation unit in Johor will start in 2026, reducing carbon emissions and ensuring a stable 25-year revenue stream.
Eni-Petronas-Euglena JV taps Maire hydrogen technology
The JV awarded Maire SPA a USD 125M contract for a hydrogen production unit at its Johor biorefinery, supporting low-carbon fuel production.
Hubei Jinyu New Energy Shipbuilding signs a major contract
A new industrial park will focus on smart and new energy shipbuilding, creating 30,000 jobs and generating RMB 1bn in tax revenue.