AsianOil - Asia Oil & Gas

Terminal upgrade at LNG-to-power project in central Vietnam to accommodate 90,000 tonne vessels

Quang Tri Province in central Vietnam has been granted approval to develop a terminal capable of handling vessels of up to 90,000 tonnes to serve the LNG Hai Lang Power Centre (HLPC).

Singapore turns to Japan, Korea to increase LNG import capacity

Japan’s shipping giant Mitsui OSK Lines (MOL) has signed a long-term charter contract for a floating storage and regasification unit (FSRU) with Singapore LNG Corporation, the city-state's state-owned LNG terminal operator.

Sabah leads Malaysia in palm oil production

Pakistan's overall petroleum imports rise 15.74% in Q1FY25

Pakistan's overall petroleum imports rose by 15.74% in the first quarter (July–September) of the 2024-25 fiscal year, reaching $4.05bn, up from $3.5bn in the same period last year.

Pakistan asks Qatar to reschedule LNG cargoes to 2026

Pakistan has formally requested QatarEnergy to reschedule delivery of five LNG cargoes from 2025 to 2026 as the Asian country is experiencing a dip in demand for regasified LNG.

AsianOil: Oil, gas production in Pakistan down in 1Q 2024

Operating profits for Indian oil marketing companies to decline in FY25: Crisil

Operating profits for Indian oil marketing companies (OMCs) are expected to decline to $12–14 per barrel in fiscal 2025 from $20 per barrel last year, due to softening diesel spreads, diminishing discounts on Russian crude and inventory losses.

Urgent need for swift talks with Cambodia on joint gas production

The Petroleum Institute of Thailand (PTIT) has urged the Thai government to expedite negotiations with Cambodia to establish a joint technical committee for exploring and producing natural gas in the overlapping claims area

Malaysia’s Dayang Enterprise poised to secure decommissioning contracts in Sarawak

Dayang Enterprise Holdings Bhd is well-positioned to win significant decommissioning contracts in Sarawak from Petroliam Nasional Bhd (Petronas) by next year, according to a recent report by Hong Leong Investment Bank Research.

Petronas seeks bank proposals for potential dollar bond sale

Petroliam Nasional Bhd (Petronas) is exploring the possibility of issuing a new dollar bond, marking its first return to the dollar debt market in over three years.

India may scrap windfall tax on domestic crude oil

The Indian government is considering scrapping the windfall tax on domestic crude oil production.