AsianOil - Asia Oil & Gas
Pakistan could quit TAPI as India now “extremely lukewarm” on gas pipeline project, says report
Demise of investment would deal major blow to Turkmenistan, which badly needs to diversify its gas exports.
Toyo Engineering India to increase New Delhi’s LNG import capacity at Dahej, with completion scheduled for 2027
Toyo Engineering India, the Indian arm of Japan’s Toyo Engineering Corp., has secured an order from India’s Petronet LNG Ltd to build the topside facilities for a third jetty at the LNG receiving terminal in Dahej, Gujarat.
Bangladesh interim government takes steps to ease gas problems
The interim government in Bangladesh, led by Nobel Prize laureate Muhammad Yunus, is taking steps to address the numerous problems faced by the country’s energy industry.
BIMSTEC Energy Centre to come up at India's Bengaluru
India and the BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) Secretariat have formalised an agreement to establish the BIMSTEC Energy Centre (BEC) in Bengaluru, according to a November 11 announcement.
Six firms linked to financing of Vietnam’s $521.5mn LNG-to-power projects
Norton Rose Fulbright, VILAF, YKVN, Kim & Chang, Bär & Karrer, and Pinsent Masons have reportedly advised on the ongoing $521.5mn financing of a crucial LNG-to-power project in Vietnam.
Malaysian Oil, Gas and Energy Services Council applauds $6.8bn Petronas contracts
The Malaysian Oil, Gas and Energy Services Council (MOGSC) has lauded Petroliam Nasional Bhd (Petronas) for awarding major contracts aimed at bolstering the oil and gas services equipment (OGSE) sector,
Global South will need fossil fuels for at least two more decades, says Indian petroleum minister
The Global South will continue needing fossil fuels for at least two decades, even as the energy transition picks up pace, Indian Petroleum Minister Hardeep Singh Puri said at the ADIPEC forum in Abu Dhabi on November 4.
AI takes centre stage at ADIPEC
The conference, where almost 200,000 participants gathered, featured a series of sessions dedicated to the technology, as well as a special AI zone, where various AI-related energy solutions and initiatives were presented.
India projects petrochemical sector to reach $300bn by 2025
India’s petrochemical sector is set to expand significantly, with government projections indicating its market size could reach $300bn in 2025, rising from $220bn previously
Indian Gas Exchange reports 160% month-on-month jump in trade volume in October
The Indian Gas Exchange (IGX) reported trading 201mn standard cubic meters (mmscm) of gas in October, marking a 160% increase month-on-month, it announced on November 6.
Mitsubishi predicts its LNG capacity will reach 17mn tonnes by early 2030s
Japanese trading house Mitsubishi has forecast major growth in its LNG capacity, predicting that its capacity will more than triple from its current level of 5mn tonnes per year to more than 17mn tpy by the early 2030s.
Gas demand in India likely to reach 113 bcm by 2040, says Rystad Energy
Natural gas demand in India is forecast to reach 113.7 bcm by 2040, according to energy research company Rystad Energy. This is nearly double the 65 bcm the country used in 2023, a new report on India’s gas status says.
Iran oil prices to China at five-year high
The prices of Iran’s crude oil exported to China have hit a record high in recent years, trading sources said.
Indonesia’s energy security now classified as resilient, ministry reports
Indonesia’s energy security has been classified as resilient, according to the Ministry of Energy and Mineral Resources (ESDM).
Wood secures FEED contract in conjunction with Singapore’s second LNG terminal
British multinational Wood, the renowned global consulting and engineering firm has secured a front-end engineering design (FEED) contract from Singapore LNG Corporation (SLNG) to develop Singapore’s second LNG.
Latest Chinese offshore platform capable of tapping heavy-oil reserves
China has seen delivery of the world’s first fully functional mobile thermal-injection platform in Shandong province, south of the capital Beijing.
Over 80% of Japan's September oil imports come from just two countries
Japan imported 72.87mn barrels of crude oil in September, with the bulk of its supply coming from Gulf Cooperation Council (GCC) nations
India's GAIL reports 11% rise in September quarter profit
Indian gas company GAIL on November 5 reported an 11% year-on-year (y/y) increase in standalone net profit for the quarter ended September 2024 (Q2FY25), reaching INR26.72bn ($320mn).
Energy industry must drive sustainable socio-economic growth: ADIPEC
The global energy industry must drive the next phase of sustainable socio-economic growth, UAE Industry Minister and CEO of the country’s national oil company ADNOC, Sultan Ahmed Al Jaber, said at the ADIPEC conference in Abu Dhabi on November 4.
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