AsianOil - Asia Oil & Gas

India confronts stricter US sanctions as Russian oil imports decline

India’s reliance on discounted Russian crude — a pillar of its energy strategy since 2022 — has come under renewed strain as Washington tightens sanctions and imposes fresh tariffs on Moscow’s energy sector.

India's LNG imports down 23% in October

India and Japan eye deeper energy partnership

Hardeep Singh Puri, Minister of Petroleum and Natural Gas, held a roundtable in Tokyo with senior representatives of Japanese industry to explore new pathways for Indo-Japanese cooperation across the full energy value chain

LONG READ: How oil price discounts became a barometer of the sanction’s effectiveness

When Russian troops crossed into Ukraine in February 2022, the country’s main crude export blend, Urals, was still trading in line with its traditional discount to Brent of $2. A month later Russia discounted it by $30 to find buyers.

Thai oil major cuts ties with EV joint venture

Thai state-owned energy group PTT is preparing to sell its entire shareholding in an electric vehicle (EV) joint venture with Hon Hai Precision Industry, as part of wider efforts to restructure its business and strengthen cash flow

China’s Yangchang Petroleum purchases crude from UAE and Kazakhstan after halting Russian oil imports

India clears merger in oil and gas drilling sector

India’s Competition Commission(CCI) has approved a restructuring that will fold Cayman-registered ADES International Cayman into Shelf Drilling Limited

Valeura Energy plans 2027 drilling campaign off Thailand

Canada-based Valeura Energy said it plans to begin drilling in early 2027 on two newly acquired offshore blocks in the Gulf of Thailand.

Australia's Vintage Energy acquires stakes in Cooper basin projects

The company said it had signed a heads of agreement to buy Metgasco’s 25% interests in ATP 2021 and PRL 211.

ConocoPhillips strikes gas in Australia's Otway basin

It is the first gas discovery to be made in the Otway basin since 2021.

Mongolia to create working group to develop Soyuz Vostok gas pipeline

Tsivilev said Russia remained committed to the successful and timely execution of the pipeline project.

Vietnam finalises 2026 E10 fuel transition

Vietnam will require all unleaded petrol sold across the country to be converted to E10 biofuel from June 1, 2026

Ksi Lisims LNG plant added to Canada’s major projects list

The $10bn plant in northern British Columbia would produce 12mn tonnes of LNG per year.

India signs first structured US LPG supply contract for 2026

India has finalised its first structured contract for liquefied petroleum gas (LPG) imports from the United States, marking a significant shift in the country’s fuel sourcing strategy

India’s Russian oil imports rise to $2.9bn in October

India’s crude oil imports from Russia rose to $2.9bn in October, even as new US sanctions targeted major Russian energy firms

Petronas Carigali targets new offshore exploration wells for 2026

Malaysia’s state-backed upstream player, Petronas Carigali, is preparing a fresh round of exploration activity that could begin as early as 2026, with multiple new prospects identified off Peninsular Malaysia

Lao State Fuel Company to become joint venture

The Lao government is preparing to transform the Lao State Fuel Company (LSFC) into a public–private joint venture as part of a wider overhaul of key state-owned enterprises

China’s LNG tanker shadow fleet – reality or fiction?

China appears to be constructing a discreet fleet of LNG tankers capable of moving sanctioned Russian fuel in what is an emerging tactic that would allow Moscow to preserve export revenue while tightening the energy relationship between the two.

Bangladesh on track to being South Asia’s second largest LNG importer in next decade

Bangladesh is on course to become South Asia’s second-largest importer of liquefied natural gas by 2035, overtaking Pakistan as the country’s own gas reserves dwindle and new regasification capacity comes online.

Japan’s Inpex raises full year profit prediction to $2.5bn

INPEX Corporation, Japan’s foremost oil and gas explorer, has raised its full-year net profit forecast for 2025 to JPY390bn ($2.5bn).

Indonesia reports 4.4bn barrels in oil and condensate reserves

Indonesia’s Ministry of Energy and Mineral Resources (ESDM) said the country holds an estimated 4.4bn barrels of oil and condensate reserves, distributed across multiple regions

Bangladesh clears plan to procure LNG from Aramco Trading Singapore

The Bangladesh government has given its approval to procure LNG from Aramco Trading Singapore Pte Ltd. under a short-term Government-to-Government arrangement to help meet rising energy demand

Bangladesh's Petrobangla ramps up drilling to boost domestic energy output

State-owned Petrobangla has stepped up nationwide oil and gas exploration to raise domestic production and ease the country’s energy shortage