AsianOil - Asia Oil & Gas
Chinese oil and gas purchases continue to counter dollar influence
Beijing is now reported to be paying for almost all of its oil and gas imports, and a sizeable amount of its coal orders, in its own currency, the Chinese yuan.
India’s ONGC makes ‘remarkable’ discoveries offshore Mumbai
India’s state-run Oil and Natural Gas Corp. (ONGC) has announced the discovery of two oil and gas fields in the Arabian Sea offshore Mumbai, with a company official calling the discoveries “remarkable.”
Production at Shell’s Prelude suspended yet again
Shell has again suspended production at its massive floating LNG vessel Prelude anchored in the Browse Basin off the western coast of Australia. The Prelude, the world’s largest FLNG vessel, came into operation in 2019 with a capacity of 3.6mn tpy.
Papua New Guinea keeps the door ajar for Australian LNG investment
Kumul Petroleum Holdings (KPH) in Papua New Guinea (PNG), the nation’s state-owned oil and gas company, has extended to the end of August the period Santos can sign a deal to claim a 5% share of PNG LNG.
South Korea commissions ground-breaking LNG bunkering vessel
South Korea has commissioned a domestically designed LNG bunkering vessel employing a locally produced containment system, the results of an almost 20-year effort to this end.
Kazakhstan and Russia extend agreement to transport 10mn tonnes of Russian crude to China
Developer provides update on UAE-India pipeline
The plan involves the development of a subsea pipe, running around 1,300 km to connect gas resources in the UAE and Oman to Gujarat in western India. It would be laid at a water depth of around 3,400 metres.
EU takes aim at Indian fuel supplies produced from Russian oil
EU foreign policy chief Josep Borrell has urged the bloc to prevent India from reselling Russian oil to Europe as refined fuel, including diesel, in an interview with the Financial Times on May 16.
Russia, Mongolia declare progress on Soyuz Vostok feasibility study
Russia’s Gazprom announced last week that design and survey works for the Soyuz Vostok gas pipeline running through Mongolia to China was nearing completion, stressing the progress that the project has made.
Mystery fleet transports at least 83mn barrels of Russian crude to India
Two years ago, Gatik Ship Management (GSM) was an unknown shipping firm in India with just two small chemical tankers valued at $100,000 on its company manifest. Today, although the firm remains unknown, it now owns a fleet of 58 vessels.
Indian LPG import terminal to see major investment
Just weeks after the Dhamra LNG terminal on India’s eastern seaboard was commissioned, plans have been announced to boost capacity handling at another import gas gateway on the west coast.
China boosts 1Q offshore oil and gas output
Oil and gas production from China’s offshore assets rose during the first quarter of 2023, news agency Xinhua has reported. Offshore oil output increased by 3.8% and natural gas rose by 6.5%.
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