AsianOil - Asia Oil & Gas
Myanmar gas revenues supposedly linked to support of military regime
Burma Campaign UK has urged Kurt Waldeland to withdraw his company from gas extraction projects in Myanmar, arguing that revenues from the sector continue to support the country’s military regime
Nicaragua and PetroVietnam hold energy investment talks
Nicaragua's embassy in Hanoi met with the chairman of Vietnam's state-owned PetroVietnam on May 18 to explore investment opportunities in the Central American country's energy sector.
Bangladesh, Angola open talks on energy partnership
Bangladesh and Angola have participated in their first high-level bilateral dialogue on energy cooperation, in the process marking an initial step towards a longer-term partnership.
World Bank doubles Bangladesh energy security financing to $700mn
The World Bank has approved an additional $350mn in financing for Bangladesh to strengthen the country’s energy security as global fuel markets face mounting volatility and supply disruptions linked to tensions in the Middle East.
UAE, Kuwait expand overseas storage to safeguard Asian supply chains
Kuwait is accelerating a strategy to hold crude reserves overseas to insulate international supply chains from mounting geopolitical risks in the Gulf.
Philippines pushed to accelerate domestic oil and gas exploration
PCCI president Perry Ferrer said the Philippines remained heavily dependent on imported fossil fuels and needed to accelerate its shift towards indigenous energy production.
Pakistan makes first US crude imports as energy ties expand
Pakistan has imported 6mn barrels of crude oil from the US for the first time in the current fiscal year, in a move that highlights a gradual widening of energy links between Islamabad and Washington.
Japan turns to Brazil oil
Japan is looking at Brazil as a possible supplier of crude oil as conflict involving the United States, Israel and Iran disrupts flows through the Strait of Hormuz, Economy Minister Ryosei Akazawa said.
Glenfarne’s Alaska LNG secures supply deal with ConocoPhillips
Alaska LNG has inked a 30-year natural gas supply deal with US energy giant ConocoPhillips.
Australian Union Group says it will Strike at Inpex’s Ichthys LNG plant
Workers in Australia at the Ichthys LNG export terminal in northern Australia will begin strike action on May 27.
India likely to maintain Russian oil purchases despite US waiver expiry
India is expected to continue importing Russian crude despite the expiry of a temporary US sanctions waiver on May 16, with the government indicating that refiners will keep making procurement decisions based on commercial considerations.
Pakistan’s April imports jump 32% as petroleum purchases surge
Pakistan’s import bill climbed sharply in April 2026, driven largely by a steep increase in petroleum-related purchases, with total imports rising more than 32% from the previous month to $6.76bn.
Vietnam launches nationwide distribution of E10 biofuel in June
Vietnam will begin nationwide distribution of E10 biofuel from June 1 as part of its transition towards cleaner and more sustainable energy use.
Petronas signs 20-year charter with MISC for five LNG carriers
Petronas LNG Ltd (PLL), a subsidiary of Malaysia's state energy giant Petronas, has signed a massive 20-year time charter agreement with maritime logistics leader MISC Berhad for five newbuild 174,000 cubic metre liquefied natural gas (LNG) carriers
Japanese giant Eneos acquires Chevron’s Southeast Asian assets for $2.2bn
Japanese energy giant Eneos Holdings(TYO: 5020) announces a $2.2bn acquisition of US major Chevron(CVX)’s downstream portfolio in Southeast Asia and Oceania
Bangladesh fuel import bill jumps by over $3.5bn due to West Asia tensions
Bangladesh’s fuel oil and gas import costs have surged by around BDT400bn ($3.6bn) due to the ongoing conflict in West Asia, placing severe pressure on the country’s finances.
Vietnam refinery receives over 950,000 barrels of crude from the Republic of Congo
Vietnam’s Nghi Son refinery has imported more than 950,000 barrels of crude oil from the Republic of Congo as it seeks to strengthen fuel supplies and reduce reliance on traditional sources.
Indonesia launches $24bn Tuban energy megaproject
Indonesia’s energy landscape reaches a pivotal juncture with the official launch of the prequalification tender for the Grass Root Refinery (GRR) Tuban project
Indonesian companies Astrindo, Humpuss sign $1.5bn MoU
PT Astrindo Nusantara Infrastruktur Tbk(BIPI) has entered into a strategic partnership with PT Humpuss Maritim International Tbk(HUMI.JK) to explore five major energy and industrial projects across Indonesia
Pakistan imports 6mn barrels of US crude
Pakistan imported 6mn barrels of crude oil from the United States for the first time during the current fiscal year as Islamabad moves to deepen energy cooperation with Washington.
Myanmar pushes to revive declining Yadana gas production
Myanmar and Thailand’s PTTEP have discussed plans to increase production from the Yadana gas project as output from the field continues to decline.
Bangladesh’s rising fuel import dependence sparks warning over ‘energy trap’
Bangladesh’s growing reliance on imported fuel has pushed the country into an “energy trap,” exposing the economy to mounting global market risks and threatening medium-term growth prospects.
China ramps up oil, LNG imports in April
Shell designates $51mn for Philippine fuel supply terminals
Shell Pilipinas Corp. will allocate between PHP2bn ($34mn) and PHP3bn ($51mn) for capital expenditure in 2026, the company announced on May 12. The investment aims to secure the domestic fuel supply and upgrade national distribution networks.
India rejects sanctioned Russian LNG
India has turned down Russia’s proposal to supply liquefied natural gas (LNG) covered by US sanctions, even as disruptions linked to tensions in the Middle East tighten fuel supplies.
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