AsianOil - Asia Oil & Gas
Vietnam’s first LNG terminal sees Korean input
A branch of the Korean Samsung conglomerate, Samsung C&T has won the rights to close out Vietnam’s first ever LNG import terminal. The project, known as the Thi Vai LNG Terminal, is located 25 km to the south-east of Ho Chi Minh.
Samsung Heavy Industries continues to pull in LNG carrier orders
South Korea’s Samsung Heavy Industries (SHI) has won another order for a pair of state-of-the-art LNG carriers for an as yet unconfirmed Asia-Pacific region buyer.
Japan’s JFE wins large-scale terminal deal in Taiwan
A Japanese engineering firm has been awarded a $230mn contract to oversee the planning and construction of a large-scale LNG receiving terminal in the north-west of Taiwan.
Global gas flaring drops 3% in 2022
The global oil and gas industry managed to reduce gas flaring by 3% last year to 139 bcm, from 144 bcm in the previous year, the World Bank reported on March 29 in its new Global Gas Flaring Report (GGFR), despite oil output rising by 5% to 80mn bpd.
Philippines purchases first-ever LNG cargo
The Philippines has bought the first-ever LNG cargo in the country’s history. The delivery will be made in mid-April to the country’s first LNG terminal at Batangas Bay, which is located about 150 km south of Manila.
Japan's purchases of Russian oil exceed G7 price cap
Japan has been purchasing Russian crude oil at a price that exceeds the $60 per barrel price cap set by the G7 nations and Australia earlier this year, according to a recent report in the Wall Street Journal.
Malaysia willing to discuss South China Sea with Beijing
Malaysian Prime Minister Anwar Ibrahim said this week his country is willing to negotiate with China over disputed claims to territory in the South China Sea.
India, Russia adopt Dubai grade for pricing oil trade
Russia’s top oil producer Rosneft and India’s largest oil refiner Indian Oil Corp. have agreed to use the Asia-oriented Dubai oil price benchmark in their latest agreement to ship Russian crude to India.
OPEC+ announces surprise output cut
OPEC and several of its partners in the OPEC+ group made a surprise announcement over the weekend, declaring that they would make a voluntary oil production cut of 1.15mn barrels per day, which will run until the end of the year.
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