AsianOil - Asia Oil & Gas

Sakhalin Energy offers China a short-term annual deal of 12 LNG cargoes

Sakhalin Energy, the Russian energy company, has proposed a deal to supply Chinese buyers with 12 shipments of LNG annually for a period of three to five years.

Thai quest to increase LNG use sees groundbreaking shipment to Hin Kong Power Plant

Thailand's Gulf Energy Development has marked the arrival of its inaugural LNG shipment to supply the Hin Kong Power Plant west of Bangkok, as stated in the company's 2023 results report released on February 20.

PT Kilang Pertamina International reports increased crude oil processing in 2023

PT Kilang Pertamina International processed over 340mn barrels of crude oil throughout 2023, marking a slight uptick from the previous year's figure of 321mn barrel, marking a slight uptick from the previous year's figure of 321mn barrels.

Japan increases the size of its stake in the Scarborough LNG project

Japan has signalled its apparent confidence in Australian gas by doubling down on investments in Woodside Energy’s Scarborough project in Western Australia.

Philippines opens bidding round for energy exploration blocks

Lack of shipping capacity thwarts Russian LNG ambitions

Western sanctions are thwarting Russia’s planned expansion in the global LNG market.

Woodside CEO: LNG demand to soar 50% in next decade

Australia’s Woodside Energy Group forecasts LNG demand to skyrocket 50% over the next decade, the firm’s CEO Meg O’Neill told Bloomberg in an interview on February 27.

In Bangladesh, refiners want VDS waiver on burnt oil purchase

Local lubricant refiners are calling for the waiver of Value Added Tax deduction at the source of the purchase of burnt oil, an essential raw material for their operations, to ensure the viability of their re-refining units.

British Harbour Energy and UAE Mubadala Energy advance gas exploration in Andaman Sea

A joint endeavour between British and United Arab Emirates oil giants, Harbour Energy and Mubadala Energy, is making strides in the explorations of gas reservoirs in the Andaman Sea in Indonesia through advanced drilling operations

Concerns arise over alleged mismanagement in PT Medco E&P Indonesia's operations

The Centre of Energy and Resources Indonesia has raised concerns regarding PT Medco E&P Indonesia's handling of the Sales Mechanism of State Part Condensate, as observed at Medco Energi Bengkanai Limited Production Sharing Contract.

Gas company CGAS forges partnership to establish 1.5 MMSCFD LNG station

PT Citra Nusantara Gemilang is poised to collaborate with PT GT Ladang Teknik and Jianyang Greenfir New Energy Equipment Co Ltd to construct a 1.5mn standard cubic feet per day Liquefied Natural Gas Station.

Bangladesh facing daily gas shortfall of 1,000 mcf

AsianOil: Gas discovery unveiled in Kohlu District of Balochistan

Sri Lanka repays $20mn Iranian oil debt with tea

Vietnam's first LNG power plants race against time despite hurdles

Construction of Vietnam's first LNG-fueled power plants, Nhon Trach 3 and 4, is progressing despite facing challenges related to financing, land acquisition, and grid connection

Thailand backs innovation: oil from waste, solar power for homes

Thailand's Ministry of Energy is forging an innovative partnership with local inventor Thaweechai Kraiduang to explore solutions for reducing energy costs and promoting self-sufficiency.

Pakistan willing to revive long-overdue gas pipeline, Iranian minister says

Iran’s Oil Minister Javad Owji said Pakistan was “interested” in undertaking its commitments in a long-overdue pipeline project aimed at delivering Iranian natural gas to the energy-hungry neighbour.

Sri Lanka repays $20m Iranian oil debt with tea

Cash-strapped Sri Lanka says it has exported tea worth $20mn to Iran to partially repay its $251mn oil debts, with Colombo saying Tehran's visiting foreign minister has expressed "satisfaction" at the deal.

Sri Lanka nabs oil polluting tanker using satellite surveillance

Sri Lanka's Marine Environment Protection Authority is hailing a significant achievement in apprehending an unauthorised oil release, courtesy of a sophisticated satellite surveillance system it has been trying out with assistance from France

India’s refining margins slump as It struggles to secure Russian oil

Refining margins for India's largest state-owned refiners have witnessed a decline in recent months, attributed to challenges in accessing Russian crude and surging freight rates amid disruptions in the Red Sea affecting crude shipments.

Malaysia signs MOU with Nigeria for palm biomass development

The National Palm Produce Association of Nigeria has unveiled an initiative, revealing the Federal Government's signing of a Memorandum of Understanding with the Malaysian government to advance palm biomass development in Nigeria

Indonesia reveals gas infrastructure project in Batam

The Ministry of Energy and Mineral Resources is set to embark on an infrastructure development venture in Batam City, slated to kick off in July 2024.

Indonesia's Senior Minister Luhut announces China's petrochemical investment in North Kalimantan

Senior minister Luhut Binsar Pandjaitan recently disclosed China's significant petrochemical investment plans in North Kalimantan, emphasising Beijing's unwavering commitment to investment despite challenging economic conditions.