AsianOil - Asia Oil & Gas
Japan’s JERA creates LNG trading arm
Japan’s largest power producer JERA has established JERA Global Energy Solutions, which will manage the company’s LNG, upstream, lower-carbon fuels and shipping portfolio.
Zambia slashes fuel prices by 17% as Middle East crisis eases
Zambia has reduced the retail price of fuel by between 3% and 17%, citing an easing of oil costs on the global market and a strengthening local currency, the kwacha.
China remains sole buyer of Iranian crude, US Treasury says
US Treasury Secretary Scott Bessent said that China was the only buyer of Iranian crude oil, with other countries holding back because of concerns that Washington could reimpose sanctions.
India extends zero duty window on petrochemical imports
The brief extension is designed to allow downstream industries a structured adjustment period rather than an abrupt withdrawal of duty relief
Pakistan sets up petroleum price stabilisation fund to cushion fuel price shocks
Pakistan's federal government has established a Petroleum Price Stabilisation Fund to help manage volatility in fuel prices and reduce the impact of fluctuations in global oil markets on consumers.
Kabul fuel prices surge as petrol rises nearly 14%
Fuel prices have risen sharply in Kabul in recent days, with the price of petrol increasing from AFN66 ($1.03) to AFN75 per litre, a rise of nearly 14%.
Thai farmers fear LNG plant will worsen water shortages
Farmers in eastern Thailand fear a planned liquefied natural gas (LNG) power plant will deepen water shortages and threaten their livelihoods.
London-listed Sunda mulls options for gas-targeting well off Timor-Leste
Sunda Energy is evaluating options for the planned Chuditch-2 appraisal well offshore Timor-Leste after holding talks with the country’s upstream regulator and its state-owned joint venture partner.
TotalEnergies, Petronas kick off $100-200m oil and gas exploration campaign in Papua New Guinea
France’s TotalEnergies and Malaysia’s Petronas have started a $100-200mn offshore oil and gas exploration campaign in Papua New Guinea, marking the country’s first ultra-deepwater exploration well.
Energy statistics show we remain an overwhelmingly fossil fuel-based world
Renewables are growing fast, but oil and gas by far still dominate the global energy system.
Iranian crude option re-emerges for Pakistan
Industry executives say refineries in the country remain technically capable of processing Iranian crude. However, commercial and operational hurdles to this being a profitable undertaking continue to limit its attractiveness.
Iran could regain four key Asian oil markets if US sanctions lifted
Iran could once again rely on four major Asian markets, China, India, Japan and South Korea, for its crude oil exports if banking sanctions are lifted, a former senior official at the National Iranian Oil Co. (NIOC) said.
South Korea cuts oil alert as markets stabilise
South Korea will lower its resource security crisis warning for crude oil by one step to Level 2, Vice Industry Minister Moon Shin-hak announced on June 30.
India lifts temporary fuel sale restrictions as supply situation stabilises
India will withdraw temporary restrictions on the sale and distribution of petrol and diesel from July 1 after authorities determined that fuel supplies have normalised following disruptions linked to the West Asia crisis.
Petrovietnam co-op talks with US Nebula Energy on LNG, energy storage, AI and digitalisation
The discussions come as Petrovietnam continues its transition into Vietnam’s National Industry and Energy Group, with the company seeking to strengthen its role across the country’s energy system.
Indonesia launches mini-LNG plant in East Java
The Sumber Aneka Gas plant is designed to produce LNG, CNG, LPG and condensate.
Santos signs supply deal for South Australia's strategic gas reserve
Australian oil company Santos has signed a gas sale agreement with the South Australian government to supply 200 PJ of domestic gas for the state’s strategic gas reserve over 10 years from 2030.
Pakistan weighs cheaper Iranian oil, gas imports after US eases sanctions
Energy-hungry Pakistan is considering increasing imports of cheaper oil and gas from neighbouring Iran after the United States temporarily lifted sanctions on Tehran, reopening the possibility of Iranian crude purchases under a 60-day waiver.
Indonesian energy ministry revises certain natural gas price rules
The Indonesian government has launched an emergency energy realignment, moving to secure industrial supply lines and stop structural layoffs across the manufacturing sector
US crude remains unlikely to replace Vietnam's main oil supplies
Despite plentiful American supplies and concerns over potential disruptions in the Middle East, experts say technical, commercial and contractual barriers continue to limit US crude imports for Vietnam's refineries
Russia's Gazprom targets further growth in Chinese gas sales this year
Gazprom is pushing ahead with eastern gas projects as it looks to raise supplies to China and support domestic demand.
Discount of Russia's Urals oil to Brent widens to highest level since March
The discount on Russian Urals crude delivered to India widened to its highest level since March, as expectations of higher Middle East supply and weaker Asian buying weighed on prices.
China readies second LNG import terminal for cargoes from Russia’s Arctic LNG 2 plant
New terminal will join Beihai terminal, which has imported 41 cargoes since August 2025.
Angolan crude discounts deepen as global oil oversupply pressures market
Angolan crude oil is reportedly facing some of its steepest price discounts in more than a decade as a growing glut of global supply and weakening demand from China weigh heavily on the market.
From Sapura to Vantris, Malaysia's biggest corporate rescue
Because of the firm's scale, an uncontrolled insolvency was never an option for Malaysian regulators, as the company was too embedded in the domestic O&G ecosystem, supporting over 59,000 jobs in the nation's energy sector.
Malaysia slashes non-subsidised fuel rates in 27th weekly review
The Malaysian government has executed a downward adjustment across its commercial fuel networks in its 27th weekly pricing review of the year
Hormuz evacuation halted after drone strike on Singaporean container ship
UN International Maritime Organisation (IMO) has suspended its high-stakes rescue programme following a targeted missile or drone strike on a commercial container ship
India eyes diesel biofuel blending with isobutanol pilot
India is preparing to expand its biofuel strategy beyond petrol by introducing isobutanol blending in diesel, a move that could reshape the country's commercial vehicle sector and further reduce dependence on imported crude oil.
India restores LPG supplies to industries as disruptions ease
India has lifted restrictions on the supply of non-domestic packed liquefied petroleum gas (LPG) to industrial and commercial users, restoring allocations to levels that existed before the West Asia crisis.
Vietnamese Coast Guard seizes smuggled diesel
Officers boarded the fishing vessel and discovered approximately 55,000 litres of diesel of unknown origin.
Mongolia's risky fuel strategy gamble
Country’s dependence on Russian gasoline gives it short-term supply stability but leaves it structurally exposed.
Mozambique's Coral North FLNG advances, awards Japanese group MODEC mooring system contract
MODEC said it will work with the Technip Energies-JGC joint venture to support the integration and delivery of the project, which is being developed by Eni.
Vietnam seeks three month extension of fuel tax relief
The proposal would keep existing tax incentives on gasoline and fuel-related raw materials in place from July 1 to September 30.
Malaysia secures 20-year Russian energy deal
The deal was secured through direct, closed-door bilateral negotiations with Russian President Vladimir Putin on the sidelines of the 35th Anniversary ASEAN–Russia Commemorative Summit.
Indonesian upstream oil, gas company leads construction on $6.5bn energy grid
The state energy apparatus PT Elnusa Tbk (IDX: ELSA) has initiated construction on a midstream asset, moving to secure the logistical foundations of Indonesia's new administrative capital Nusantara (IKN)
Former boss at China's CNOOC sentenced to death
The Xuzhou Intermediate People’s Court also deprived Yuan of his political rights for life and ordered the confiscation of all his personal assets.
Jadestone brings onstream first oil well during Malaysian campaign for the year
Asia-Pacific focused Jadestone Energy has brought the first well in its 2026 Malaysia infill drilling campaign online at around 3,000 barrels of oil per day.
Naming ceremony takes place for floating storage unit due to work at Murphy Oil's Lac Da Vang oilfield off Vietnam
Yinson Production has held a naming ceremony for the FSO PTSC Lac Da Vang, ahead of the vessel’s planned deployment at the Lac Da Vang oilfield offshore Vietnam.
The debate over EU methane regulation and energy security
The EU’s methane regulation has split analysts, with Rystad saying it will not harm supply and Wood Mackenzie warning it could make large volumes of imports non-compliant.
Hanwha Ocean signs MoU for proposed Canadian FLNG project
South Korea’s Hanwha Ocean has signed a memorandum of understanding with Canada’s Kanata Clean Power & Climate Technologies to explore cooperation on Kanata LNG.
India’s Petronet LNG receives Middle East cargo after Hormuz reopening
The time-chartered vessel DISHA of India’s Petronet has berthed at the Dahej LNG terminal, delivering 62,000 tonnes of LNG from the Middle East.
Australia's Woodside to supply gas to Alcoa alumina producer
Australian oil firm Woodside has agreed to supply 31.1 PJ of domestic gas to alumina producer Alcoa under a new sale and purchase deal covering 2027-2030.
Stranded Taiwanese crude tanker clears Hormuz chokepoint
A Taiwanese crude tanker carrying 2mn barrels of oil cleared the blockaded Strait of Hormuz and is heading to Kaohsiung, state-run energy supplier CPC Corp.
Malaysian ministry of plantation reviews feasibility of B50 biodiesel shift
The Malaysian government is re-engineering its green fuel mandates, accelerating its transition toward a low-carbon transport network while protecting its status as an export powerhouse
India’s Russian crude imports hit record level
Regardless of efforts by the US or even the EU to pressure New Delhi to abide by wider sanctions on Moscow, Russian crude is set to remain a defining feature of India's energy mix in at least the near term.
Pakistan approves 435-km fuel pipeline to strengthen energy supply network
Pakistan has approved the construction of a 435-kilometre pipeline for transporting refined petroleum products from Punjab to Khyber Pakhtunkhwa.
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