AsianOil - Asia Oil & Gas

Tokyo, Seoul agree deal to guarantee gas supply

Japanese firm JERA and Korea Gas (KOGAS) have agreed to work together to help guarantee gas supplies to the two long-term rivals as much of Asia continues to struggle to secure cargoes.

China, India hungry for LNG cargoes as spot prices drop

As per data released by commodity analyst firm Kpler, LNG imports to the subcontinent will be in the region of 1.84mn tonnes in March, significantly higher that the 1.27mn imported in February, itself the lowest rate of import in over six years.

India’s Dhamra terminal receives first cargo as LNG imports continue to rise

The Dhamra LNG terminal in India’s eastern state of Odisha received its first cargo on April 17, ahead of startup. The facility co-owned by TotalEnergies and Adani Group will give the Asian country seven LNG terminals in operation.

India to continue buying Russian oil above price cap

India will continue to buy Russia oil above the G7 price cap of $60 per barrel in an effort to fight inflation and encourage economic growth at home, Finance Minister Nirmala Sitharaman said this week in an interview with Bloomberg.

Lessons from the Sino-Russia Power of Siberia 1 deal for the second gas pipeline deal

The key deal under discussion during Chinese President Xi Jinping's three-day trip to Moscow in March to meet with President Vladimir Putin was the construction of a second Power of Siberia gas pipeline to re-orientate Russia gas exports eastwards.

Australian super-funds rubbing conservationists the wrong way

The 15 largest so-called ‘super-funds’ in Australia have reportedly pumped over $25bn into coal, gas and oil developments. An ACF report revealed that Australian Super, a superannuation fund, had put $10bn into developing fossil fuel projects.

Hong Kong readies for launch of LNG terminal

Preparations are underway for the launch of the offshore Hong Kong LNG terminal following the floating storage and regasification unit’s (FSRU) completion of checks and clearance procedures.

AsianOil: Australian gas lobby welcomes hydrogen report

Russian oil production, exports above pre-war levels, revenues down

Russia's crude export volumes have exceeded those hit before the invasion of Ukraine, as China and India buy almost all of this oil, but Russia’s budget received 43% lower revenues in the first two months of 2023 against the same period in 2022.

Australian gas lobby welcomes hydrogen report

The Australian Petroleum Production & Exploration Association (APPEA) has welcomed the release of the 2022 State of Hydrogen report as an important step towards achieving net-zero emissions.

Beach suffers setbacks at Thylacine project off Australia

Beach Energy, an Australian independent, has encountered a setback at its Thylacine-Geographe gas project in the Otway Basin offshore Victoria, Australia, it said this week.

China greenlights CNOOC's offshore wind plans

China has endorsed Chinese offshore operator CNOOC Ltd’s plan to build a massive offshore wind farm in the South China Sea. This move is part of the government's plan to reduce carbon emissions, by powering offshore oil and gas fields with wind.

Indonesia offers up rights to three more oil, gas blocks

Indonesia has invited bids for three oil and gas exploration blocks in its first licensing round of the year, its energy ministry said this week, estimating the acreage to contain over 2.4bn barrels of oil and 9 tcf (255 bcm) of natural gas.