AsianOil - Asia Oil & Gas
India’s heavy reliance on imported LNG for use in fertiliser production is exposing the country’s exposure to volatile gas prices, raising the government’s subsidy bill, and it could push up food prices.
China is reported to have resold a handful of US LNG cargoes to Europe as price trends and Russia’s war in Ukraine continue to reroute trade flows.
The South Korean government last week gave the green light to release more than 4mn barrels of oil from the country's Strategic Petroleum Reserve (SPR).
Carbon capture and storage initiatives are picking up pace in Australia, with the state government of Western Australia saying it would draft a bill covering use of the technology.
Malaysia’s OceanMight has been awarded a contract to provide equipment and services at the Jerun oilfield in the SK408 block offshore Sarawak by Malaysia Marine & Heavy Engineering (MMHE).
Sri Lanka’s Supreme Court on March 4 dismissed a legal challenge against a proposed LNG-to-power project that is being developed by New Fortress Energy.