AsianOil - Asia Oil & Gas
Demand increase sees Bangladeshi government ready to purchase 24 LNG cargoes from Singapore
Seoul and Washington work together to enforce North Korean sanctions
The South Korean and US governments are looking to work together to stop illegal oil shipments getting through to North Korea, while at the same time Moscow has started sending supplies direct to Pyongyang starting March 7.
How Chinese oil imports are helping to support the regimes in Moscow and Tehran
A new report by the Atlantic Council has suggested that China – using a so-called dark fleet in conjunction with Russian and Iran – is effectively getting around existing sanctions on oil purchases from both countries.
SABIC set to license Lummus ethylene and co-monomer technologies
Houston-based Lummus Technology announced in late March that SABIC Fuijan Petrochemical Co. Ltd. will utilise its ethylene and co-monomer technologies at a planned complex due to be constructed in Fuijan Province, China.
Indian government increases windfall tax on crude petroleum amid rising global prices
In response to surging global crude oil prices, the Indian government has decided to raise the windfall tax on crude petroleum,
MidOcean completes purchase of Tokyo Gas’ Australian LNG assets
MidOcean Energy, an LNG company that is owned and managed by Washington-based EIG Global Energy Partners, has announced the completion of an agreement to acquire a portfolio of interests in Australian LNG projects held by Tokyo Gas.
Australia delays mandatory climate reporting by six months
Australia will delay introducing mandatory climate reporting by its biggest companies by six months until January 1, 2025, according to a bill that the federal government has introduced to Parliament.
Japanese companies line up to store carbon in Malaysia
More Japanese companies are preparing plans to export their CO2 emissions to Malaysia to deliver on their net-zero goals, reaching a raft of carbon capture and storage study agreements in the southeast Asian country.
Pakistan has right to buy Iran gas, says defence minister after US sanctions warning
Pakistan said it had the “right” to buy natural gas from Iran, a week after the United States warned of sanctions if Islamabad presses ahead with a long-overdue pipeline project.
Pertamina secures 20-year contract extension for Urdaneta West Field block in Venezuela
PT Pertamina Hulu Energi has achieved a breakthrough with the extension of a contract for the Urdaneta West Field Block in Venezuela
Chinese power firm GCL pivots to LNG
Private Chinese power company GCL Holdings is shifting its focus from solar power to LNG.
Mitsubishi makes strategic investment in MidOcean Energy
Japan’s Mitsubishi Corp has placed a strategic investment in global LNG firm MidOcean Energy.
Vietnam secures Mitsui investment in the Block B gas-to-power project
Japan’s Mitsui Oil Exploration Company Ltd (MOECO) has agreed to invest in the Block B Project in southern Vietnam that entails developing an offshore gas field and linking it by pipeline to a gas-fired power plant complex, costing around $740mn.
PLN EPI and Indokorea gas consortium forge alliance to revolutionise Indonesia's energy sector
PT PLN Energi Primer Indonesia has embarked on a journey to reshape Indonesia's energy landscape, focusing on the development of midstream liquefied natural gas infrastructure in the Nusa Tenggara region
JBIC funds to help bolster Japan’s LNG supply
Indian refiner IOC boosts investment in Chennai Refinery project amid cost escalation
Indian Oil Corporation, a state-controlled refiner, has announced a significant increase in the cost of constructing a refinery in Chennai, located in the southern state of Tamil Nadu.
Kazakh oil falls out of favour in South Korea
Kazakh CPC Blend crude has fallen out of favour in South Korea, Asia’s third-largest oil importer, with the country taking zero cargoes in February.
Gunvor and Pakistan reach settlement on contracted cargoes
Swiss-based commodities trader Gunvor has settled its dispute with state-run Pakistan LNG concerning contracted LNG cargo deliveries, the company revealed.
Kyrgyzstan seeks more Russian gas
US sanctions cast shadow over Pakistan-Iran gas pipeline project
The Pakistan-Iran gas pipeline, hailed by experts as a potential boon for Pakistan, faces a formidable challenge from US sanctions
Indonesian petrochemical megaproject faces stalling risk amid gas pricing concerns
The Indonesian Olefin, Aromatic, and Plastic Industry Association have issued a warning signalling the potential stall of a petrochemical megaproject, emphasising that the national GDP contribution of $2.8bn per year could be jeopardised
Russia sells Urals oil to India above Western price cap amid payment delays and logistics challenges
Despite facing payment delays and logistical hurdles, Russia continues to sell Urals oil to India at prices well above the Western-imposed price cap.
Thailand considers diesel price hike as oil fund debt soars
Thailand's Ministry of Energy is preparing to propose a reduction in diesel price subsidies to the Cabinet, citing mounting debt in the Oil Fund used to offset fuel costs
France plans return to Pakistan's LNG market
France is on the brink of re-entering Pakistan's LNG export market after more than a decade away following a legal dispute that caused a leading French company to exit the sector
Australia unveils watered-down draft fuel efficiency standards
Australia’s Albanese government has unveiled watered-down draft legislation on fuel efficiency standards for new passenger and light commercial vehicles.
Restart of Vietnam's only cracker delayed
The operator of Vietnam’s only petrochemical cracker Long Son Petrochemical has extended the closure of the facility and associated units in Ba Ria-Vung Tau until June, so that technical issues can be addressed.
Vietnam Prime Minister's bold move to tighten petroleum sector regulations
Amidst recent concerns over lax enforcement of regulations and the persistent threat of smuggling and trade fraud in the petroleum sector, Prime Minister Pham Minh Chinh has taken decisive action
Shell to enter Sri Lanka's fuel retail market in 2024
Shell Brands International AG and RM Parks Limited announced their partnership to introduce Shell into Sri Lanka's fuel retailing market this year.
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