AsianOil - Asia Oil & Gas
Australian lower house passes emissions reduction plan
Australia’s lower house of Parliament on 27 March passed an emissions reduction plan that would limit the country’s greenhouse gas emissions and thus affect the operations of existing high-carbon producing facilities.
PTTEP yet to receive request to stop sending funds to Myanmar's junta government
The Myanmar government (NUG) had demanded PTTEP suspend payments from gas produced at its Yadana and Zawtika fields offshore Myanmar to state-controlled Myanmar Oil & Gas Enterprise (MOGE) and deposit future revenues into an account held by the NUG.
Brookfield, EIG to acquire Origin for $12.4bn
Brookfield and EIG's MidOcean Energy consortium have agreed to purchase Origin Energy, which operates in the power and LNG markets in Australia. The acquisition is worth AUD18.7bn ($12.4bn) and will pay AUD8.91 ($5.9) per share.
Southeast Asia set for $5bn of M&A action in next two years
Southeast Asia is expected to see significant mergers and acquisitions (M&A) activity in the upstream sector over the next two years, according to research by Rystad Energy, with over $5bn worth of assets available for purchase.
Aramco expands downstream presence in China
Aramco this week announced the investment of billions of dollars as part of its push for downstream growth in China, highlighting the company’s goals to expand in Asia.
Carrier sale in Korea sends ripples through local, foreign LNG industry
South Korea’s premier LNG shipping firm, Hyundai LNG Shipping (HLS), has seen its leading investor put 100% of its stake in the regional carrier powerhouse up for sale.
Gazprom LNG supplies to GAIL India to resume
A one-time subsidiary of Russian energy giant Gazprom is set to resume a long-standing LNG supply contract to GAIL India.
India considers building strategic LNG reserve
India is giving thought to creating a strategic reserve for LNG following serious supply storages and price fluctuations during the Covid pandemic and the war in Ukraine, according to the finance director at Petronet, Vinod Kumar Mishra.
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