AsianOil - Asia Oil & Gas
China's fuel oil imports reach record high amidst surge from Venezuela and Iran
China saw a significant uptick in fuel oil imports in April, marking a notable 10% increase from the previous year, according to data from the General Administration of Customs.
New plan for getting Turkmen gas to Europe – pipe it to Pakistan and ship it as LNG
Pakistani petroleum minister outlines proposal at energy symposium. Says TAPI pipeline could be completed solely with Islamabad and Ashgabat funding.
Pavilion Energy, bp Singapore agree long-term LNG supply deal to power city state
Pavilion Energy Trading & Supply and bp Singapore have finalised a decade-long agreement for the annual supply of approximately 0.8mn tonnes of LNG to Singapore
India likely to buy more Russian oil despite lowering discount
India’s reliance on crude oil imports is poised to increase further in 2024, after hitting a new high of 87.8%, driven by surging demand for petroleum products amid stagnant domestic production
Vietnam's oil giant PVS poised for profit surge despite cautious outlook
Vietnam Petroleum Technical Services Joint Stock Corporation, a dominant player in the country's oil and gas services sector, is presenting a contrasting picture to investors
Illicit Iranian oil smuggling into Pakistan losing millions for national treasury
An estimated 90,000 litres of Iranian oil are being smuggled daily into Pakistan
Asian spot LNG prices climb to highest levels since December
Hot weather across Asia has seen Asian spot LNG prices rise to their highest levels since December.
First tanker loads oil from Canada's expanded Trans Mountain pipeline
An Aframax chartered from Dubai’s Emarat Maritime has commenced loading the first oil from Canada’s Trans Mountain Expansion pipeline, which started commercial service on May 1.
Japan’s JERA to pump over $32bn into LNG, green projects in the next 10 years
JERA, Japan’s largest power generation company, has announced plans to invest approximately JPY5 trillion over the next decade into expanding its existing renewable energy portfolio, developing new fuels and bolstering its LNG capabilities.
Indian state owned ONGC reports record standalone profit in FY2024
India’s state owned Oil and Natural Gas Corporation (ONGC) has reported its highest standalone net profit to date, amounting to $5.5bn for FY2024
In April, India imports highest volume of Russian oil in nine months
India’s Russian oil imports surged to a nine-month peak in April 2024, driven by the resumption of shipments on non-sanctioned tankers operated by Russia's largest shipping company, Sovcomflot
China flirts with record LNG imports for 2024
China reported another strong month of LNG imports in April with the East Asian country importing 6.22mn tonnes of LNG during the month.
India's Russian oil imports hit record in April
India’s Russian oil imports rose to their highest level in nine months in April, following the resumption of shipments on board non-sanctioned tankers operated by Russia’s state-owned shipowner Sovcomflot.
Russia says Power of Siberia 2 deal with China will be signed "in near future"
Russia and China anticipate signing a contract “in the near future” on gas supplies via the planned Power of Siberia 2 pipeline, Russian Deputy Prime Minister Alexander Novak was quoted as saying.
Malaysian PM Anwar outlines huge potential for cooperation during official visit to Uzbekistan
New interest surges for Andaman III Block post Repsol and Petronas exit
Several companies have expressed interest in managing the Andaman III Block following the departure of previous operators, Repsol and Petronas
JERA announces $32bn investment in LNG, renewables, and new fuels
Tokyo-headquartered JERA is earmarking 5 trillion yen for investment in LNG, renewable energy, and new fuels over the next 10 years.
India’s Reliance Industries wants access to state companies owned jet fuel pipelines and storage
India’s Reliance Industries Ltd is pursuing access to the pipelines and storage facilities managed by India's public sector oil companies in a move to dominate the jet fuel market at some of Asia’s busiest airports
Pertamina and ExxonMobil to develop carbon capture storage hub in Southeast Sumatra
PT Pertamina Hulu Energi, a subsidiary of the state oil and gas company Pertamina, and ExxonMobil have announced the establishment of a technology hub for carbon capture storage and carbon capture utilisation storage.
Indonesia’s Chandra Asri Pacific secures acquisition of Shell Energy and Chemicals Park in Singapore
Iranian oil still being offloaded in China despite US sanctions
According to a report in London-based Iran International on May 11, the group United Against Nuclear Iran (UANI) revealed that two vessels were seen offloading Iranian oil at the port of Dongjiakou in China.
Oil and gas remain crucial for Indonesia's energy security amid net zero transition
According to Minister of Energy and Mineral Resources Arifin Tasrif, oil and gas will continue to be essential in securing Indonesia’s energy supply
Indonesia signs new oil and gas contracts to boost national energy supply
The Indonesian government is intensifying efforts to explore and exploit oil and gas resources to meet national energy demands and support economic growth across various sectors
China’s crude imports were up in April y/y but down on March figures
China's total crude oil imports in April increased by a reported 5.45% compared to the same period last year, as refiners geared up for a robust Labour Day holiday and travel season, official data revealed on May 9
Indian oil demand projected to climb to 5.80mn bpd in 2025
India's oil demand is projected to climb to 5.80mn barrels per day in 2025, a 4.1% increase from the expected 5.57mn bpd in 2024, according to the Organisation of Petroleum Exporting Countries
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