AsianOil - Asia Oil & Gas
Bangladesh okays private oil imports, marketing
The Bangladeshi government is taking steps towards allowing the private sector to import and refine crude oil and to market products through private networks. This will be a major policy shift, as the government currently operates a fuel monopoly.
Pakistan seeks unrealistic answer in TAPI to acute energy crisis
First proposed in the 1990s, TAPI would carry 33 bcm per year of gas for sale in primarily Pakistan and India. The section in Turkmenistan was reportedly completed some years ago, and the Afghan Taliban-led government approved construction in June.
UK's Harbour exits Vietnam in $84mn deal with local firm
UK energy group Harbour has agreed to sell its assets in Vietnam to a local buyer called Big Energy, for $84mn, in a deal that covers its 53.1% interest in the Chim Sao and Dua producing fields.
More South Korean firms join Malaysian CCS project
Shell Gas & Power, Hanwha, Korea National Oil Corp. (KNOC) and Air Liquide Korea have recently signed on to a project created a year ago with an MoU signed by six South Korea firms and Petronas agreeing to pursue conceptual and feasibility studies.
LNG Japan agrees 10% share in Western Australia’s Scarborough field
A Tokyo-based Sumitomo-Sojitz joint venture known as LNG Japan Corporation has agreed to purchase a 10% stake in the Scarborough gas field, 233 miles (375 km) off Western Australia.
China ramping up Iran oil imports to decade high of 1.5m bpd
ExxonMobil to build additional oil reserve potential of 42mn barrels in Indonesia
Indonesia's ExxonMobil Cepu Limited (EMCL), known as Exxon, is taking steps to access an additional oil reserve potential of 42mn barrels, the Indonesia Business Post reported August 14.
Russian Urals prices at west ports soar to $70-80 per barrel
The free-on-board price of Russia’s Urals oil, loaded at Baltic and Black sea ports, has risen to above $70 per barrel, the International Energy Agency reported on August 11
Turkmenistan hits back against Russia's "gas union" proposal
Russia’s suggestion that more countries join its so-called “gas union” with Kazakhstan and Uzbekistan has prompted a stern rebuke from Turkmenistan, warning Moscow against trying to expand its influence over the Central Asia-China gas pipeline.
Price hike alert for the Philippines as prices at the pump expected to rise from August 15
Imports of fuel to Vietnam up 15% in terms of volume but down 13.5% in terms of value in 7M23
Vietnam's domestic enterprises ramped up their imports of petroleum products, reaching a total of 6.26mn tonnes valued at $4.95bn, or 15%, in 7M23, but saw the value of those imports fall by 13.5% year on year.
Chevron, Woodside hold talks on avoiding LNG strike action
Chevron and Australia’s Woodside said on August 10 they are holding talks with unions to prevent strikes at gas facilities that together account for a tenth of global LNG supply.
EU gas prices soar 40% on August 9 amid Australian supply fears
European natural gas prices saw a remarkable surge of nearly 40% on August 9, driven by growing fears of disrupted LNG supply from Australia. This unforeseen development rattled traders, who were banking on further declines in gas prices.
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