AsianOil - Asia Oil & Gas
EU claims of New Delhi acting as a Russian middleman shrugged off in India
EU officials say bloc needs to crack down on what is essentially the reprocessing and selling on of sanctioned Russian crude oil by New Delhi.
Russian crude hits a 7-month high for China, output cuts beckon
News that caused more than a few ripples across the Chinese language business papers last week is still sinking in in Beijing, as prices for Russian ESPO crude imports hit a 7-month high earlier in the month.
Myanmar military target national oil and gas firm MOGE
General Min Aung Hlaing's is looking to impose secretive operational restrictions on the state-owned MOGE (Myanmar Oil and Gas Enterprise) and a number of senior executives have been arrested and others reportedly sent for questioning.
Philippine Supreme Court nullifies South China Sea agreement
The Philippines Supreme Court this week reaffirmed a January 10 decision regarding a 2005 accord struck with China and Vietnam covering joint exploration within Philippine territorial waters. The court found the agreement void and unconstitutional.
Gas supply code hits some nerves in Australia
The Australian government of Anthony Albanese put the mandatory Gas Code of Conduct into Law last week in an effort to ensure gas supply at reasonable prices for domestic consumers.
Urals price hits $60 price cap level for first time
The value of Russia's key Urals crude export grade has hit $60/b for the first time since the US-led G7 coalition rolled out its price cap on Moscow's oil. This will pose a challenge for Europe’s shipping industry.
PetroVietnam receives first shipment of LNG
The Maran Gas Achilles transport vessel arrived in the terminal wharf on 10 July laden with 70,000 tonnes of LNG that will be used for a trial run of the new terminal. The LNG was loaded at Bontang, Indonesia.
Thailand in negotiations with Qatar for long-term LNG supplies
The possibility of Thailand securing a small-scale contract from the world’s leading exporter, QatarEnergy, is, however, being seen as a possible lead into future discussions on increased imports,
India’s largest fuel retailer to take lead in green hydrogen production
The director of Indian Oil Corporation’s research and development (R&D) division, SSV Ramakumar, has said that his firm aims to convert a full 50% of hydrogen used by the firm to green hydrogen by the end of the decade.
Confronted with rising debt, Bangladesh finances oil imports with ITFC loan
BPC finance director Kazi Mohammed Mozammel Haque said the financing agreement would be in effect from July this year to June 2024. “Under this financing agreement we will take a loan of $1.4bn, mainly to import crude oil,” he told Saudi media.
Japan looks to Qatar for LNG in effort to diversify supply
Facing growing energy security concerns, Japanese natural gas buyers are in talks on new LNG supply contracts with Qatar. With Qatar increasing output, a handful of Japanese companies are seeking to secure long-term supply contracts.
Turkmenistan will continue seeking to boost gas exports to China
Turkmenistan’s Minister of Foreign Affairs Rashid Meredov has said that his country will continue working to boost natural gas exports to China.
Follow us online