AsianOil - Asia Oil & Gas
Alaska LNG faces hurdle after Japan and South Korea reject proposed project
The US’s proposed Alaska LNG project has hit a major road bump with Japan and South Korea declaring they will neither invest in or sign contracts to purchase LNG from the project, The Wall Street Journal reported on July 25.
Oil price rises to hurt businesses across Cambodia
India’s Petronet seeks LNG extension deal with Qatar at lower prices
India’s state-owned LNG company Petronet LNG will attempt to extend with Qatar its long-term gas import deal at lower prices than the Gulf country offered China and Bangladesh in recent deals, Reuters reported on July 31.
$14bn Saudi-funded refinery deal on the cards for hard-up Pakistan
Reports from Pakistan indicate that an official announcement is expected very soon on the construction of a Saudi funded oil refinery capable of processing 350,000 to 450,000 barrels per day of crude oil.
Unknown intermediaries continue their takeover of Russian oil trade
Western embargoes, price caps and other sanctions have resulted in the emergence of numerous little-known trading companies handling significant quantities of Russia’s oil exports, despite having no prior record in the oil industry.
Eni snaps up Chevron stakes in three Indonesian blocks
Italy’s Eni announced this week it has purchased Chevron’s operating stakes in three production-sharing contracts off Indonesia, as the company looks to broaden its footprint in the country and fast-track key projects there.
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