AsianOil - Asia Oil & Gas
Just 111 of the world’s biggest companies are causing $28 trillion worth of climate damage, says study
Just 111 of the world’s largest fossil fuel companies are collectively responsible for an estimated $28 trillion in climate-related economic damage, and just ten of those companies are responsible for half of that total.
Indian Gas Exchange gas trade volume falls 8% in June
Indian Gas Exchange (IGX) traded 101 mmscm of gas in June 2025, marking an 8% decline year-on-year, according to a press release dated July 7.
India's ONGC signs deal with Japan's MOL on building and operating VLECs
India’s state-owned ONGC has signed an agreement with Japan’s Mitsui O.S.K. Lines to build and operate two very large ethane carriers to support its growing petrochemicals business.
Indonesia to reactivate thousands of idle wells in push to reverse output decline
Indonesia is launching a major push to revive its flagging oil output by reactivating thousands of idle wells and incentivising the use of modern extraction technologies.
Santos strikes two-year LNG deal with QatarEnergy
Santos has signed a two-year mid-term LNG supply agreement with QatarEnergy Trading, the trading arm of Qatar’s QatarEnergy.
Australia awards "special project status" to Bonaparte CCS project
Australia is looking to position CCS as a cornerstone of its net-zero strategy.
Thailand moves forward with new LNG terminal
Thailand first began importing LNG in 2011 and has since expanded its infrastructure to meet rising domestic demand.
Eni, Petronas cement LNG leadership role in Southeast Asia
The energy sector in Southeast Asia is undergoing rapid transformation as LNG demand accelerates, fuelled by industrial growth, urbanisation and increasing environmental regulations.
Ca Na LNG power project in Vietnam sees bidding deadline extended
The deadline for bids on the Ca Na LNG power project in central Vietnam has been extended to 2 p.m. on July 19. This marks a shift from the previous deadline of June 30, as stated in the original notice issued on May 12.
Petronas Gas fully restores supply following Putra Heights explosion
Petronas Gas Bhd (PetGas), Malaysia’s leading gas infrastructure operator, has announced the complete restoration of gas supply to critical areas in Batu Tiga, Shah Alam, and Connaught Bridge
Iraqi crude oil supplies to India fall 4% in first half of 2025
Iraqi crude oil supplies to India dropped by 4% in the first half of 2025 compared to the same period last year
LNG in Asia: A transitional step on the way to a greener future
As the global push for decarbonisation intensifies, liquefied natural gas - LNG - is emerging as a pivotal player in Asia’s energy transformation.
Global LNG liquefaction capacity to grow 37% by 2028: GIIGNL
Global LNG liquefaction capacity is expected to grow by 37% to over 672.1mn tonnes per year by 2028 as producers commission around 180mn tpy of new capacity.
Venture Global signs 20-year LNG supply deal with Petronas
US LNG producer Venture Global has agreed to sell 1mn tonnes of LNG over a 20-year contact to Malaysia’s state-owned oil and gas company Petronas.
South Korea increases Canadian oil imports amid trade risks and Middle East tensions
Faced with rising geopolitical tensions and shifting global trade dynamics, South Korea is increasing its crude oil imports from Canada as part of a broader strategy to reduce dependence on politically unstable regions.
China continues to buy Iranian crude despite US sanctions
China has been able to purchase 1.4mn barrels per day of Iranian crude oil despite extensive US sanctions, according to Kpler data presented by Bloomberg.
Singapore refutes social media rumours on halting oil sales to Cambodia
Claims that Singapore has suspended oil shipments to Cambodia are false, despite viral posts circulating on Thai-language social media amid rising regional tensions
Venezuelan oil exports rise as PDVSA redirects crude to Asia
Venezuela ramped up oil exports in June to an average of 844,000 barrels per day, marking an 8% month-on-month increase as state-owned PDVSA intensified shipments to China in response to the loss of access to US and European markets
TotalEnergies aims Mozambique LNG construction restart by December 2025, first gas in 2029
French energy super major TotalEnergies plans to resume construction of its $20bn liquefied natural gas (LNG) project in northern Mozambique by December 2025 after a four-year stoppage triggered by security concerns
Indonesia’s upstream oil and gas regulator maintains oil lifting optimism despite missing midyear target
Indonesia’s upstream oil and gas regulator, SKK Migas, reported that national crude oil lifting averaged 567,900 barrels per day (bpd) as of May 31, representing 94% of the state budget (APBN) target of 605,000 bpd
Pakistan seeks options to offload excess LNG amid gas supply glut
Pakistan is examining ways to sell surplus liquefied natural gas (LNG) cargoes as it faces a domestic gas oversupply that could result in losses of up to $378mn for local producers
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