AsianOil - Asia Oil & Gas

Bangladesh nears LNG supply deal with Summit Group

Bangladesh energy company Summit Group is in the final stages of negotiations with the government of Bangladesh to supply its state-run company Petrobangla with about 1.5mn tonnes per year of LNG.

Gandhar Oil IPO listing: Shares debut at 76% premium over IPO price

Gandhar Oil Refinery India Limited's shares made a robust market debut, commanding a 76% premium over the IPO issue price

Malaysian company Petronas expects lower profitability amidst volatile oil and gas prices

Malaysia's state energy firm, Petroliam Nasional Berhad, reported a decrease in third-quarter profit on November 29

Cambodia to build first gas-fired power plant, replace coal project with LNG facility

Cambodia has scrapped plans to build a 700-MW coal-fired power plant in Koh Kong and will instead build an 800-MW LNG plant

China dragging its heels on Power of Siberia 2 gas pipeline investment, price deal

China is dragging its heels on committing to investments into the Power of Siberia 2 gas pipeline as it pushes for deeper discounts for Russian gas.

Pakistan sees only top-drawer bids for January LNG delivery

Pakistan has received four international bids for the supply of an LNG cargo in early January, with the lowest bid at $18.46 per unit

Sri Lanka greenlights $4.5bn refinery project with China’s Sinopec

The government of Sri Lanka on November 27 approved a crucial $4.5bn refinery project proposed by Chinese state refiner Sinopec, according to the country's Energy Minister, Kanchana Wijesekera.

Indonesia-operated MedcoEnergi to acquire ownership stake in two blocks in Oman

Indonesia-operated oil exploration company PT Medco Energi Internasional has received approval from the Sultanate of Oman to acquire a 20% ownership stake in two blocks in the country.

India to blend biogas into natural gas for domestic use

India's government has decided to blend compressed biogas into natural gas for use throughout the country under a compulsory mandate. It expects the move to reduce national dependence on foreign gas imports and boost domestic demand.

Chinese independent refiners 'in disarray' as US eases sanctions on Venezuelan oil

The unexpected lifting of US sanctions on Venezuelan oil has unsettled China's independent refiners, prompting a pause in new purchases due to significant discrepancies in offer prices, according to trading sources.

China significantly increases stockpiles of oil, food and key raw materials as geopolitical tensions grow

China has significantly increased its oil reserves and stockpiles of food and key raw materials, in a move that has suggested to some that it is getting ready for war, but is seen by others as mere prudence.

AsianOil: Australia’s energy giant Santos stands up to anti-energy activist law firm

Indian Oil plans to double Ennore LNG terminal capacity amid push for more gas

Indian Oil Corp will double the capacity of the Ennore LNG import terminal in the country’s south-eastern state of Tamil Nadu, the firm’s executive director for gas business announced on November 24.

Malaysia's biojet fuels from palm oil byproducts offers biomass potential

The production of biojet fuels from empty fruit bunches biomass is emerging as a pivotal solution for palm oil-producing nations, particularly Malaysia

Maritime transportation company ELPI secures new contract for platform support vessel operation in Sarawak, Malaysia

During the National Capacity Forum III event in 2023 held at the Jakarta Convention Centre on November 24, the maritime transportation company PT Pelayaran Nasional Ekalya Purnamasari Tbk secured a new contract in Sarawak, Malaysia.