AsianOil - Asia Oil & Gas
Bangladesh signs first short-term LNG deal with Oman’s OQ Trading
Bangladesh signed its first-ever short-term liquefied natural gas supply deal with Oman’s OQ Trading International on July 22 to shore up energy security and cut reliance on the volatile spot market.
EverEnviro's Indore compressed biogas plant sets new Indian benchmark
EverEnviro Resource Management, a Haryana-based renewable energy company, has announced that its compressed biogas (CBG) facility in Indore in Madhya Pradesh has emerged as the largest and most productive in India.
Zarubezhneft to lead $3bn Tuna Block development as harbour energy exits amid sanctions
Russia’s state-owned Zarubezhneft is set to assume full operational control of Indonesia’s Tuna Block in the North Natuna Sea, following the withdrawal of UK-based Harbour Energy due to intensifying geopolitical sanctions
Chevron, Shell eye return to Indonesia as reforms unlock upstream oil and gas potential
Global energy majors including Chevron and Shell are signalling renewed interest in Indonesia’s upstream oil and gas sector, as the government steps up fiscal reforms and improves access to exploration data
India’s LNG imports rise 26% in June
India’s liquefied natural gas (LNG) imports rose sharply in June 2025, reaching 3bn cubic metres (bcm), up 26.1% year-on-year, according to the latest provisional data from the Petroleum Planning and Analysis Cell (PPAC)
Rosneft slams EU sanctions on Indian oil refiner Nayara
Russia’s state-controlled oil company Rosneft has sharply criticised the EU’s latest sanctions package, which includes measures against Indian refiner Nayara Energy, describing the action as “unjustified and illegal.”
POSCO E&C clinches major LNG terminal deal in Thailand
South Korea’s POSCO Engineering & Construction, a subsidiary of steel giant POSCO has secured a $1bn contract to build an LNG terminal in Thailand
Indonesia to import $15bn in US energy as part of tariff reduction deal
Indonesia will move forward with importing a range of energy commodities from the United States under a wider trade agreement that also includes a significant reduction in US import tariffs on Indonesian goods
Rosneft calls EU sanctions on Nayara refinery unjustified, warns of threat to India’s energy security
Rosneft Oil Company has denounced the European Union’s latest sanctions targeting Nayara Energy’s 20mn tonne refinery in Vadinar in India's Gujarat
Asian spot LNG prices fall after rising multiple weeks
Asian spot LNG prices have fallen amid weaker demand and high inventories.
GAIL, Vitol formalise 10-year LNG supply agreement as India’s gas demand surges
Under the terms of the deal, Vitol will supply GAIL with approximately 1mn tonnes of LNG annually over a ten-year period, commencing in 2026.
India’s GAIL opens discussions with Alaska LNG
GAIL throws its hat in the ring with over 50 other companies that have expressed interest in buying LNG from Glenfarne’s proposed facility.
Iranian crude exports to China hit peak
Iranian crude exports to China have climbed to their highest level since March at more than 1.7mn barrels per day due to sellers increasing shipments to avoid the effects of the recent conflict between Israel and Iran.
Japan’s Marubeni plans further energy investments in Vietnam
Marubeni Corporation, one of Japan’s largest conglomerates with an 80-year presence in Vietnam, has announced its intention to expand operations in the country through new investments in gas and renewable energy.
Asian heatwaves stoke LNG demand, prompting shifts in global gas flows
An ongoing heatwave sweeping across East Asia is fuelling a sharp rise in spot LNG demand, prompting a reordering of global LNG trade patterns.
India boosts oil imports from US, Brazil as part of supply diversification
According to reports, imports of US crude surged by 51% year-on-year to 271,000 barrels per day between January and June, up from 180,000 bpd during the same period in 2024.
Saudi crude oil shipments to China approach a two-year high but Asian market diversification is being felt
Saudi crude shipments to China are expected to average 1.56nm barrels per day in the coming month, amounting to a total of 51mn barrels for August.
Indonesian prosecutors name business tycoon Riza Chalid as suspect in $178.6mn oil terminal corruption case
The Indonesian Attorney General’s Office (AGO) has named businessman Muhammad Riza Chalid, beneficial owner of PT Orbit Terminal Merak (OTM), as a suspect in a high-profile corruption probe tied to the mismanagement of crude oil and fuel storage
Gazprom, CNPC hold further talks on Russian gas export prospects
Neither side publicly indicated any progress had been made on reaching a contract for gas supplies via Moscow’s planned Power of Siberia 2 pipeline to China.
Heatwave drives up Asian spot LNG prices
Asian spot LNG prices have creeped higher amid a heatwave in South Korea and Japan.
Vietnam’s Nhon Trach LNG-fired power plants to begin commercial operations this year
Vietnam will bring online two LNG-fired power plants before the end of the year.
Nine named in high-stakes corruption probe into Pertamina oil trade scandal
Indonesia’s Attorney General’s Office (AGO) has named nine individuals as suspects in a major corruption investigation linked to crude oil and refined fuel trading at state energy giant PT Pertamina, its subsidiaries, and external oil contractors bet
Sapura Energy seeks shareholder backing for major revamp and rebrand to Vantris Energy
Embattled Malaysian offshore and marine contractor Sapura Energy is calling on shareholders to approve its proposed regularisation plan (PRP) and a corporate name change to Vantris Energy, as the company aims to reset its financial trajectory
India says it never bought any sanctioned oil cargo
India has never purchased any sanctioned cargoes, Minister of Petroleum and Natural Gas Hardeep Singh Puri stated on the sidelines of the 9th OPEC International Seminar in Vienna
Indonesian ReforMiner urges urgent overhaul of oil and gas law to attract investment and ensure energy security
The Executive Director of the ReforMiner Institute, Komaidi Notonegoro, has urged both the government and the House of Representatives (DPR) to immediately revise Law No. 22/2001 on Oil and Gas, warning that the outdated legal framework is hindering
India highlights renewed drive to accelerate hydrocarbon exploration at OPEC Vienna summit
India’s renewed drive to accelerate hydrocarbon exploration took centre stage as Hardeep Singh Puri, Minister of Petroleum and Natural Gas, addressed global leaders and industry experts at the 9th OPEC International Seminar in Vienna on July 9
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