AsianOil - Asia Oil & Gas

Bangladesh struggles to pay $700mn energy debt

Bangladesh state-owned energy firms Petrobangla and Bangladesh Petroleum Corp. are under pressure to pay off some $700mn in debt owed to foreign energy suppliers in order to secure future primary fuel supplies for power companies and industries.

Pakistan looks to LNG spot market, reaches deal with Azerbaijan

Pakistan is turning to the LNG spot market, with the country issuing two tenders for cargoes, Reuters reported on June 13. It marks the first time in close to a year that the country has looked to the spot market for LNG supplies.

Australia’s Tamboran Resources secures site for proposed LNG plant

Sydney-headquartered Tamboran Resources announced on June 10 that it has obtained exclusivity rights from the Northern Territory Government for the development of a 170-hectare LNG project on the Middle Arm Sustainable Development Precinct.

Chevron looks to expand Thailand gas output

Chevron Thailand Exploration and Production was awarded on 30 May a new licence in the Gulf of Thailand to explore and produce petroleum in Block G2/65, the company said last week.

India's import of discounted Russian crude oil reached a record high in May

India's import of discounted crude oil from the Russian Federation reached a record high in May, according to trade and shipping data, with state-run refiner IOC emerging as the largest importer of Russian oil, surpassing rival Reliance Industries.

AsianOil: India’s LNG imports rise in May for third consecutive month

India’s Pachpadra / Barmer refinery a potential game-changer in the north

The chief minister of the Indian state of Rajasthan, Ashok Gehlot, last week said the “Pachpadra Refinery is an ambitious project not only for Rajasthan but for the whole country,” referring to the combined refinery and petrochemical complex.

APAC oil and gas producers at risk of losing financing

Oil and gas firms operating in the Asia-Pacific region are likely to encounter greater challenges in securing financing for their new projects, according to a recent study conducted by the Institute for Energy Economics and Financial Analysis (IEEFA)

Asia-Pacific-focused Jadestone seeks $85mn in financing

Asia-Pacific-focused Jadestone Energy has announced its plan to secure a minimum of $85mn in financing, consisting of a $50mn equity fundraise and a $35mn standby working capital facility.

Chinese links to Iran raise eyebrows on oil markets

Late May saw the authorities in China move to sign a number of new deals with Iran, seemingly ignoring US objections to Russia having done the same a week prior when Moscow signed 10 deals of its own related to Tehran’s oil and gas sectors.