AsianOil - Asia Oil & Gas
Bill introduced to ban LNG exports to four countries, China included
Democratic Senators Sherrod Brown of Ohio and Jeff Merkley of Oregon have introduced the Protecting American Households From Rising Energy Costs Act.
Korea’s KOGAS secures long-term LNG deal with Woodside Energy
Australian firm Woodside Energy Group Ltd has signed a sale and purchase agreement with Korea Gas Corporation to provide LNG on a long-term contract to Korea, as announced by the firm on February 28.
Leading investors compete for slice of Vietnam’s new $2.4bn Nghi Son LNG power plant
Thanh Hoa Province in Vietnam is preparing to select a lead investor for the LNG Nghi Son thermal power plant project. The facility will be located inside the Nghi Son Economic Zone south of Hanoi.
New US sanctions on Russia to hit Indian oil refineries
New US sanctions against Russia on the occasion of the second anniversary of the invasion of Ukraine and as a response to the death earlier this month of Russian opposition figure Alexei Navalny are expected to pose problems for India refineries.
Japan considers rules for GHG emissions
Japan’s Financial Services Agency is thinking to make top-listed companies on the Tokyo Stock Exchange disclose information on greenhouse gas emissions throughout their supply chains.
Thailand inflation seen turning positive on rising energy prices
Thailand's inflation is expected to return to positive territory by mid-2024, driven by rising energy prices
Logistics company PT Transcoal Pacific secures contract for floating barge services in East Kalimantan
PT Transcoal Pacific, a leading provider of transport and logistics services, has obtained a service contract to supply floating barges for the temporary storage of fuel oil at Bengalon LTT Port
OPEC+ members roll cuts up until mid-year
The oil-producing group will maintain its current output quotas for another three months at least despite geopolitical uncertainty continuing to prop up oil prices
China’s LNG imports hit record high for February
China’s LNG imports rose to a record high for the month of February amid struggling LNG prices in Asia.
India receives from 1 to 1.4mn barrels of oil per day from Russia — Indian Oil Ministry
According to Pankaj Jain, Secretary of the Indian Ministry of Petroleum and Natural Gas, India maintains a consistent import of 1 to 1.4mn barrels of oil per day from Russia, out of its total energy imports averaging 5mn barrels per day.
PGN and Conrad Energy Asia forge a collaboration for LNG development in Aceh
PT Perusahaan Gas Negara, the gas sub-holding of Pertamina, has embarked on a collaboration with Conrad Energy Asia Ltd, marking a milestone in the energy sector
ExxonMobil kicks off Banyu Urip field optimisation programme to boost oil production
ExxonMobil Cepu Ltd has commenced an optimisation programme for the Banyu Urip field development in the Cepu Block, Bojonegoro, East Java.
Shell announces construction of grease manufacturing plant in Indonesia
Multinational oil and lubricant company Shell has announced that they are currently building their first grease manufacturing plant in Indonesia.
Pertamina EP Zone 7 unveils drilling plans to boost oil and gas production
Pertamina EP Zone 7, operating as the contractor under the cooperation contract for upstream oil and gas activities in the western part of Java, has announced initiatives to ramp up drilling operations throughout 2024
Philippines' leading energy firms collaborate on $3.3bn LNG facility
Three prominent Philippine energy firms have joined forces for the creation of a significant integrated LNG power facility, marking the first-time collaboration among them, the companies announced on March 3
Santos signs up to emission-cutting initiatives
Australia’s Santos announced last week it had joined two climate change initiatives aimed at curbing methane emissions and eliminating routine flaring.
Malaysia dishes out two more production-sharing contracts
Malaysia has signed production-sharing contracts for two discovered resource opportunities off its coast.
Asian implications of Biden's LNG pause
While the majority of US LNG currently goes to gas-starved Europe – 67% last year versus only 26% to Asia – the pause has no bearing on existing supply but on export projects due to enter service in the late 2020s.
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