AsianOil - Asia Oil & Gas
Traders divert six US LNG cargoes from Asia to Europe
Higher European prices and poor demand in Asia for LNG have resulted in traders diverting at least six US LNG cargoes already this month.
Japan eyes long-term LNG supply from Alaska
Japan is actively seeking a long-term supply of LNG from Alaska, as a $44bn LNG project in the US state progresses after years of delays.
China raises imports of Russian LNG by 3.3% in 2024
China has increased its reliance on Russian LNG with imports rising 3.3% to reach 8.3mn tonnes in 2024.
Manila moves to become Asia-Pacific LNG hub
President Ferdinand R. Marcos Jr. of The Philippines has signed Republic Act (RA) No. 12120, officially known as the Philippine Natural Gas Industry Development Act, marking a significant milestone in the nation’s energy sector.
Russia's ESPO oil transport costs to China triple in wake of Biden sanctions
The cost of transporting Russian ESPO crude oil to China has more than tripled following the introduction of new US sanctions targeting Russia’s oil sector.
Vietnam, Denmark review energy partnership progress, set 2025-2026 goals
The fourth Steering Committee meeting for the Denmark-Vietnam Energy Partnership Program (DEPP3) was held to review 2024 achievements and outline plans for 2025-2026
Indonesia explores Russian oil imports after joining BRICS
Following Indonesia’s recent induction into BRICS, the Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has expressed openness to importing oil from Russia
Singapore's fuel oil inventories stay elevated despite weekly dip
Singapore’s onshore fuel oil storage volumes saw a slight decline last week but remained above average levels for the fifth consecutive week, according to Enterprise Singapore data released on January 15
Kuwait Petroleum and Saudi Aramco battle for dominance in Pakistan’s oil market
Pakistan’s oil market is witnessing a fierce competition between two Gulf oil giants, Kuwait Petroleum Corporation (KPC) and Saudi Aramco’s trading arm, Aramco Trading, as they battle for supremacy in the country’s domestic sector
India's LNG imports climb 18.2% in December
India’s liquefied natural gas (LNG) imports rose to 3.02bn cubic metres (bcm) in December, marking an 18.2% increase year-on-year (y/y), according to provisional data from the Ministry of Petroleum and Natural Gas
International Islamic Trade Finance Corporation to provide $2.75bn financing to Bangladesh
The International Islamic Trade Finance Corporation (ITFC), headquartered in Jeddah, will provide Bangladesh with $2.75bn in annual financing to support the energy and agriculture sectors
US Department of Energy predicts 8% slide in Brent price in 2025
The US Department of Energy expects Brent crude oil prices to decline to an average of $74 per barrel in 2025, an 8% drop from 2024 levels.
BRICS membership opens the door to Russian crude for Indonesia
Indonesia's recent inclusion in the BRICS economic bloc is poised to deliver potential benefits, particularly in addressing the country's trade deficit in the oil and gas sector.
Dhaka issues new tender for spot LNG cargo imports
State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a new tender and re-issued another to procure two spot LNG cargoes, scheduled for delivery during the windows of February 13-14 and February 6-7 respectively.
OGDCL to develop 10 unconventional gas wells in Pakistan
The Oil and Gas Development Company Limited (OGDCL) has launched an ambitious initiative to develop 10 unconventional wells targeting shale and tight gas in Pakistan
Oil refiners in India stop dealing with US-sanctioned vessels and entities
Indian refiners have ceased dealings with US-sanctioned vessels and entities but anticipate no immediate disruption to Russian crude supplies during the two-month wind-down period
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