AsianOil - Asia Oil & Gas
China becomes largest importer of Russian oil, surpassing Saudi Arabia in 2023
According to the latest data, China, the world's largest crude oil importer, has been increasingly turning to Russian oil, bypassing Western sanctions in the process and capitalising on discounted prices.
Indonesia pursues bilateral investment treaty with Tanzania to safeguard expanding Pertamina operations
Indonesia is seeking a bilateral investment treaty with Tanzania, marking a step in light of state-owned oil firm Pertamina's expanding presence in the East African nation
T&T, SK E&S team up to propose LNG power plant for Quang Tri
A joint venture led by Vietnamese conglomerate T&T Group and South Korean energy giant SK E&S has proposed a $2.5bn LNG power plant project in Vietnam's Quang Tri province
SABIC announces final investment plan for $6.4 billion Chinese petchem complex
Saudi Basic Industries Corp (SABIC) has announced its final investment plan for establishing a petrochemical complex in China’s Fujian Province with a local Chinese company.
State-owned oil & gas company Petronas awards production sharing contracts in Malaysia Bid Round 2023, stimulating over $274.9mn capital investment
Petroliam Nasional Bhd has granted production sharing contracts for six exploration blocks and one Discovered Resource Opportunities cluster under Malaysia Bid Round 2023
Pertamina Malaysia wins exploration block SK510 in Malaysia Bid Round 2023
Pertamina Malaysia Exploration Production, a subsidiary of Indonesia's state-owned oil and gas company Pertamina, has secured the exploration block SK510 through the Malaysia Bid Round 2023
Japan’s LNG imports drop by 8% in 2023
Japan has reported a dip in LNG imports in 2023, with the northeast Asian country bringing in 66.2mn tonnes of the super-chilled fuel, according to preliminary data from the Ministry of Finance.
India close to inking landmark deal with Qatar for affordable LNG
In what is being seen as a major development for the global LNG market, QatarEnergy is poised to finalise a landmark long-term LNG supply agreement with India
Bangladesh minister urges patience over gas shortages
Russia becomes China’s largest supplier of oil in 2023
China imported a record 107mn tonnes of crude from Russia in 2023, almost 25% more year on year.
India in talks with Iran to resume oil imports amid Houthi attacks
India is considering the reinstatement of crude oil shipments from Iran amid attacks by Yemen’s Houthis on maritime trade in the Red Sea and Gulf of Aden.
Pertamina faces $173mn loss in LNG procurement and Maurel & Prom acquisition
The Supreme Audit Agency has finalised its examination of state losses in the alleged corruption cases linked to the procurement of LNG) and Pertamina's acquisition of Maurel & Prom
AsianOil: China's broad plan for methane emissions
QatarEnergy pauses sending LNG vessels via the Red Sea amid Houthi attacks
QatarEnergy will pause sending LNG tankers through the Red Sea amid growing security concerns as Yemen’s Iran-back Houthi militia ramp up attacks in the busy shipping lane in support of the Palestinian Islamist group Hamas’ war with Israel.
China's broad plan for methane emissions
China announced a broad plan late last year to address its substantial methane emissions, which primarily come from its coal-mining industry, but also its agricultural, waste and oil and gas sectors.
Indonesian oil company Pertamina orders 15 new tankers from Hyundai Mipo Dockyard
State-owned oil company Pertamina has placed an order for 15 medium-range tanker ships from Hyundai Mipo Dockyard worth more than $700mn
Thailand to limit LNG imports in 2024 to cut power costs, boost domestic production
In a policy shift aimed at reducing power expenses and enhancing energy self-reliance, Thailand is set to curtail its growth in LNG imports in 2024
Arctic LNG 2 to ship first cargo before end of January
Russia’s Arctic LNG 2 project will ship its first tanker to Asia before the end of January, industry sources told Reuters on January 16.
QatarEnergy agrees the world's largest LNG carrier deal with China
In a move to expand its LNG fleet, QatarEnergy has reportedly reached an agreement with Hudong-Zhonhua Shipbuilding of China for the construction of the world's largest LNG carriers
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