AsianOil - Asia Oil & Gas
Russia's oil tankers stranded in South Korea amidst US sanctions and payment woes
In a significant blow to Moscow's oil exports, over a dozen Russian oil tankers carrying at least 10mn barrels of Sokol grade crude oil have found themselves stranded off the coast of South Korea's port of Yeosu.
China oil major CEO criticises US sanctions on Russia, citing impact on LNG project
In a notable deviation from typical corporate rhetoric, the CEO of China National Offshore Oil Corporation, Zhou Xinhuai, has voiced strong opposition against ongoing US-led sanctions on Russia.
China’s refiners slow Iranian oil imports for second month over price row
China's independent refiners are holding off from buying Iranian crude oil for February as a stand-off over pricing and terms enters a second month, trading sources said.
Japan’s Tokyo Gas to lead LNG-to-power project in Vietnam, SE of Hanoi
Tokyo Gas Co. Ltd, Kyuden International Corporation and Vietnam's Truong Tan Vietnam Group have teamed up to launch a joint venture: Thai Binh LNG Power
US LNG trade to Asia being slowed by Panama Canal congestion
LNG vessels using the Panama Canal have been suffering lengthy delays according to the International Energy Agency.
Inpex sheds stake in East Siberian oil project to Itochu
Japanese oil and gas producer Inpex is selling its minority stake in Russian oil project INK-Zapad in Eastern Siberia to Japanese trading firm Itochu
Thai Oil refinery back online, diesel supply secured after brief shutdown
Thailand's crucial third crude oil refinery at Thai Oil resumed normal operations on January 29, 2024
ADNOC Gas reaches 10-year LNG supply deal with India’s GAIL
United Arab Emirates firm ADNOC Gas has come to a 10-year agreement with India’s GAIL to supply the company with 0.5mn tonnes per year of LNG beginning in 2026, the companies revealed on January 30.
US Ex-Im Bank pressed to halt backing for Papua LNG
Oil climbs as tensions escalate in Middle East
Oil prices surged on January 29 following a drone attack on US forces in Jordan, intensifying concerns over supply disruptions in the Middle East as Houthi rebels escalated assaults on vessels in the Red Sea
QatarEnergy signs 15-year deal with Excelerate Energy to supply Bangladesh LNG
QatarEnergy and Excelerate Energy inked a 15-year LNG sale and purchase agreement on January 29 to supply LNG to Bangladesh.
AsianOil: China becomes largest importer of Russian oil, surpassing Saudi Arabia in 2023
KazTransOil says cost of transiting Russian oil to China to remain unchanged until 2034
Indonesia expands Carbon Capture and Storage initiatives, empowering SKK Migas as regulator
In a move to combat climate change, the Indonesian government is extending the scope of carbon capture and storage activities beyond the traditional oil and gas sector
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