AsianOil - Asia Oil & Gas

Asian countries see LNG purchases from US as means to address Trump’s tariffs

America’s trading partners in Asia are seeking to find a means to avoid US tariffs. For some, agreeing to purchase more LNG from the US or join the Alaska LNG project is the way to do it.

Petronas develops AI tools to drive down costs, improve operational efficiency

Malaysia’s state energy firm Petronas is building in-house artificial intelligence capabilities to drive further improvements in its upstream operations.

Crude prices climb by 5% amid Trump tariffs & OPEC+ output cuts

Crude oil prices have increased by 5%, pushed by US sanctions on Iran that were aimed at damaging ‘teapot’ refineries in China, and additional output cuts from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+).

Pakistan’s refineries under strain as jet fuel shortage threatens defence ops

The refining industry, which has long suffered from underinvestment, obsolete technology and limited economies of scale, is now facing fresh headwinds in the form of declining crude supplies, regulatory imbalances and market distortions.

Vietnam LNG strategy speeds up as Ca Na Power Plant is given approval

Vietnam has taken a major step forward in its gas-powered infrastructure expansion with the formal approval of the Ca Na LNG thermal power plant project.

Singapore’s 14 proposals to expand LNG as a marine fuel supply

Singapore’s ambitions to become a leading global hub for cleaner marine fuels have taken a major step forward, as the country’s port authority confirms it has received 14 proposals aimed at scaling up the supply of LNG as a marine fuel.

Indonesia awards five oil and gas blocks in drive to bolster energy security

The newly allocated blocks are situated in both onshore and offshore areas that, while rich in resources, remain largely under-explored.

BLOG: LNG gets politicised

We are currently witnessing a collapse in LNG trade between the US, the world’s largest exporter of the super-chilled fuel and its biggest importer, China – an event with profound and far-reaching consequences for the global LNG market.

Indonesia’s gas distributor PGN and Bukit Asam launch coal-to-gas project to boost energy security

Indonesia’s state-owned gas distributor PT Perusahaan Gas Negara (PGN) has joined forces with mining firm PT Bukit Asam (PTBA) to develop a Synthetic Natural Gas (SNG) facility using low-rank coal

Indonesia launches $130mn gas facility to boost energy security and regional growth

Indonesia inaugurated a $130mn gas processing project in Jambi Province on April 16, signalling a major step toward enhancing domestic energy supply and regional economic development,

China’s CNOOC bypasses US and signs LNG deal with ADNOC amid escalating tariff war

State-run China National Offshore Oil Corporation has come to agreement with Abu Dhabi National Oil Corp to purchase LNG from the Gulf company.

Russian Arctic oil exports to China set to surge this month

Arctic oil is now offered at significant discounts compared to Brent crude, reversing the premiums that were previously associated with these grades.

Woodside, Uniper strike LNG supply deals

Australia’s Woodside Petroleum has entered into LNG sale and purchase agreements with Germany’s Uniper for the supply of up to 1mn tpy from Louisiana LNG, as well as up to 1mn tpy from its global portfolio.

South Korea ramps up LNG shipments by near fifth in March

South Korea, the world's third-largest LNG importer after Japan and China, increased imports of the super-chilled fuel by 18% year-on-year to 4.27mn tonnes in March.

Hibiscus Petroleum secures $100mn Islamic financing to bolster Brunei expansion

Hibiscus Petroleum Bhd has secured a $100mn syndicated Islamic financing facility through its Brunei-based unit, Simpor Hibiscus Sdn Bhd, marking a strategic push to deepen its presence in the Sultanate’s energy sector

Indonesia plans $10bn boost in US energy imports amid tariff talks

Indonesia is preparing to ramp up imports of crude oil and liquefied petroleum gas (LPG) from the United States by approximately $10bn as part of efforts to ease trade tensions and counter proposed US tariffs

India considers scrapping import duties on US ethane and LPG to ease trade tensions

India is planning to scrap import duties on ethane and liquefied petroleum gas (LPG) from the United States as part of broader trade discussions with Washington

Modi lays foundation stone for BPCL's compressed biogas plant in Haryana

Indian Prime Minister Narendra Modi on April 14 laid the foundation stone for a compressed biogas plant being developed by Bharat Petroleum Corporation Limited in Yamunanagar, Haryana, the state-owned energy company said

US imposes sanctions on Chinese refinery in blow to Iranian oil sales

The United States slapped sanctions on a second Chinese teapot refinery and a handful of foreign firms and oil tankers, in a series of efforts to disrupt Iranian oil exports and choke off Tehran’s vital revenue.

Yasref, Aramco, Sinopec sign agreement for petchem expansion

Saudi Aramco, Yasref and Sinopec have signed a Venture Framework Agreement (VFA) to prepare for the expansion of a petrochemical facility at the Yasref refinery in Yanbu, Saudi Arabia.

British Columbia adjusts net-zero requirements for Canadian LNG projects

The British Columbian provincial government on Canada’s west coast has downgraded its net-zero requirements for planned LNG projects in the wake of mounting uncertainty surrounding hydroelectricity supplies.

Australia’s east coast gas shortage pushed back, LNG investment climate uncertain

East coast gas supply shortfalls have been delayed as coal extends its grip on electricity generation, but LNG exports remain strong and margins firm.

Pakistan weighs first-ever US crude imports to ease trade imbalance

Pakistan is considering sourcing crude oil from the United States for the first time, as part of efforts to reduce its trade imbalance with Washington

Indonesia to divert LNG cargoes for domestic use, optimise Natuna exports to Singapore

China to boost Russian LNG imports in 2025, ambassador confirms

China is poised to expand its intake of Russian liquefied natural gas in the coming year, according to its ambassador to Moscow, Zhang Hanhui.

Malaysian oil & gas company Keyfield buys cable-laying barge for $20.6mn

Malaysian oil and gas services provider Keyfield International Bhd is acquiring a 98-metre-long cable-laying barge for $20.55mn (MYR90.8mn) in cash, with plans to immediately lease it out under a one-plus-one year charter deal

ConocoPhillips cancels Salam-Patawali project amid strategic pivot to deepwater Malaysia

ConocoPhillips has officially scrapped its Salam-Patawali oil project offshore Malaysia, signalling a strategic reassessment that could shift the US energy giant’s focus toward deeper water ventures in the region

Vietnamese ministry warns of LNG delays, rejects new large-scale green projects as a result

Many LNG projects are significantly delayed and are now unlikely to become operational before 2030. Some long-approved schemes still lack selected investors and have yet to begin development the report added.

China starts to offload US LNG as trade rift deepens

Starting April 10, China has raised tariffs on American LNG even further—by an additional 34%—mirroring the latest escalation in US duties on Chinese goods.