AsianOil - Asia Oil & Gas

Indonesian state electricity firm PLN explores new financing model to boost gas power plant investments

Gas shortages challenge Bangladesh power sector growth amid new plant launches

Bangladesh confronts a pressing challenge in ensuring adequate gas supply for a slate of new gas-fired power plants, collectively boasting a generation capacity of approximately 3,510MW

India's reduced Russian crude imports signal shifting energy alliances

Amid escalating Western sanctions, India scaled back its procurement of Russian crude in February, exacerbating trade strains between the two nations.

Shell looks to switch from oil to LNG assets in Singapore

Glencore, the Swiss commodity trading major, is reportedly in talks to acquire Shell’s oil operations in Singapore, according to sources familiar with the matter speaking to Reuters earlier in the month.

Dalian Shipbuilding begins construction of LNG carriers for CMES

The two 175,000 cubic metre vessels bring the total number of LNG carriers DSIC has built for CMES to five. The ships have a length of 295 metres, a width of 46.4 metres, and a depth of 26.2 metres, and possess a service speed of 19.5 knots.

AG&P LNG purchases 49% interest in Vietnam’s Cai Mep terminal

Atlantic, Gulf and Pacific LNG, the Singapore-based unit of US asset management company Nebula Energy, announced that it has bought a 49% stake in the Cai Mep LNG terminal in southern Vietnam.

TotalEnergies strikes 16-year deal with Sembcorp Fuels of Singapore

TotalEnergies, a leading player in the Asian and global LNG market, has agreed a significant deal with Sembcorp Fuels, for the supply of up to 0.8mn tonnes of LNG annually for a period of sixteen years.

A first ever integrated LNG facility for the Philippines

Philippine power giants, Meralco PowerGen Corporation (MGen), Aboitiz Power Corporation (AP), and San Miguel Global Power Holdings Corp. (SMGP), are set to inaugurate the nation's first ever integrated LNG facility in Batangas Province.

US produced more oil in 2023 than any country for sixth consecutive year

The US produced more oil than any country at any time for the past six years in a row, according to the US Energy Information Administration.

India's petrol and diesel prices experience varied changes amid crude oil price fluctuations

Reports indicate that as of Thursday around 6 am, the WTI crude is being traded at $79.88 per barrel, marking a 0.21% increase, while Brent crude stands at $84.20 per barrel, also rising by 0.21%.

Saudi Aramco to reduce supply of oil to China, India

Saudi Aramco is set to reduce its supply of crude oil to customers in China and India due to upcoming oilfield maintenance, according to comments made by five sources on March 11.

Japanese LNG purchasers facing oversupply issue

Rapidly declining demand for LNG in Japan is expected to cause an oversupply by more than 11mn tonnes per year for the rest of the decade, a new report published on March 11 by the Institute for Energy Economics and Financial Analysis found.

South Korea makes big reduction in Russian fossil fuel imports

South Korea has made significant progress in reducing its energy dependence on Russia since the start of the Ukraine war, according to a report published recently in the Asia-Pacific journal The Diplomat.

FDI flow from China to Eurasia is ebbing

Lots of talks, but no new deals are being announced.

Iran crude sales won’t be harmed in case of Trump’s re-election, says oil minister

Iran’s crude oil exports will not be hurt if former US president Donald Trump wins the upcoming presidential election, Oil Minister Javad Owji said amid threats of further sanctions on the country’s petroleum industry.

AsianOil: Bill introduced to ban LNG exports to four countries, China included

The Indian Government extends INR300 LPG subsidy for Ujjwala beneficiaries till March 2025

In anticipation of the upcoming general elections, the government has unveiled plans to extend the subsidy on LPG cylinders under the Ujjwala Yojana, offering INR300 per cylinder to disadvantaged women for the next fiscal year.

PV Oil: a bumpy ride on the UPCoM

Vietnam Oil Corporation's stock exchange journey, which began with a bang six years ago on March 7, 2018, has been a rollercoaster ride.