AsianOil - Asia Oil & Gas
So long priced out of LNG markets, developing Asia is starting to make its mark
Few energy watchers in Asia would have predicted that just over a year later Sri Lanka would be just one of an ever increasing number of developing economies turning to LNG to guarantee energy security in the years ahead.
Demand for oil in China continues to climb, records broken afresh
Just weeks after China’s oil demand broke the 15mn barrel per day mark in March, it has now smashed through the 16mn bpd mark – an all-time high for the country and according to reports, around 387,000 bpd up on the same quarter last year.
Woodside: Gas release at Pluto LNG ‘not a major incident’
A release of gas from the flare tower at the Pluto LNG project in Western Australia on May 26 was not a major incident, according to Woodside Petroleum, the operator of the Pluto project, Upstream reports.
Philippines faces power price hikes as companies switch to LNG
Filipino consumers are expected to face rising electricity costs as power companies begin to switch from natural gas drawn from the Malampaya gas field to imported LNG, which will subject the country to the vagaries of the international market.
QatarEnergy to sign 15-year LNG supply agreement with Bangladesh
State-owned petroleum company QatarEnergy will sign a long-term deal to supply LNG to Bangladesh’s Petrobangla, Nath Sarker Petrobangla’s Chairman told Reuters on May 30.
Gorgon CCS operating at one-third capacity, says Chevron Australia
One of the world’s largest carbon capture and storage facilities, Chevron’s Gorgon CCS project on Barrow Island off the north-western coast of Western Australia, is falling far below the performance that was promised.
Kazakhstan looks to China to diversify oil export routes
Kazakhstan is continuing its push to diversify its oil export routes, with its national oil company KazMunayGas (KMG) entering into talks with China’s CNPC on expanding two oil pipelines linking the two countries.
Oil output at Russia's Sakhalin-1 project restored close to pre-war level, says India's OVL
Crude oil production at the Sakhalin-1 project in the Russian Far East has been restored to its pre-war plateau level of 200,000 barrels per day, one of its shareholders, ONGC Videsh Ltd (OVL), has reported.
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