AsianOil - Asia Oil & Gas
Sri Lanka delays Indian LNG imports due to lack of storage infrastructure
Sri Lanka has no immediate plans to begin importing liquefied natural gas (LNG) from India, as the necessary storage infrastructure has yet to be developed
India open to stepping up US energy imports as trade talks advance
India plans to increase purchases of oil and gas from the United States as part of its ongoing trade negotiations with Washington
Singapore proposes regulatory powers to implement SAF requirements
Singapore has tabled legislation that would give its aviation regulator new powers to implement a national sustainable aviation fuel programme from next year.
Australia sets its emissions targets
Australia has unveiled a 2035 greenhouse-gas reduction target of 62–70% below 2005 levels, tightening its climate ambition and laying out a detailed national plan to reach net zero by mid-century.
Japan, Netherlands deep hydrogen ties
Industry associations from the Netherlands and Japan have signed a memorandum of understanding to deepen cooperation on hydrogen, seeking to share technology and align policy frameworks as both nations step up their clean-energy ambitions.
Santos achieve first gas from Australia's Barossa field
Australian oil firm Santos has begun production from the BW Opal floating production, storage and offloading vessel (FPSO) at its Barossa gas project off Australia’s Northern Territory.
Amplitude targets Otway basin off Australia's Victoria region
Amplitude Energy, the renamed offshore arm of Cooper Energy, has lodged an environmental plan with Australia’s offshore regulator for a new gas development well in the Otway Basin off Victoria.
Iraq's Basra refinery nears completion with $4.8bn Japanese funding
The Japanese Ambassador to Iraq, Akira Endo, confirmed that the Basra Refinery development project has reached its final stages, marking an essential achievement in Japan’s ongoing support for Iraq’s infrastructure development
Malaysia cuts RON95 fuel price to $0.42 per litre for citizens
Malaysia has officially reduced the price of RON95 petrol to MYR1.99 per litre, equivalent to around $0.42
Petronas wins appeal in gas payment dispute with Shell MDS
Petronas has welcomed a court ruling that overturned a High Court decision allowing Shell MDS to suspend its monthly gas payments to the Malaysian state-owned energy company
CPPE picks up contract for Iraq water supply pipelines
Basra Oil Company (BOC) has finalised a contract with CPPE to build a 950km pipeline network to deliver seawater to multiple oilfields in southern Iraq in a scheme overseen by Austria’s ILF Consulting Engineers,
Ultra Gas & Energy to invest in 100 LNG outlets in India
Ultra Gas & Energy Ltd (UGEL), an Essar venture, has announced plans to scale its liquefied natural gas (LNG) retail network to 100 outlets across India with an investment of INR9bn ($108mn)
Indonesia’s antitrust watchdog criticises fuel import curbs as Pertamina dominance grows
Indonesia’s Business Competition Supervisory Commission (KPPU) has criticised the government’s move to limit fuel imports by private companies, warning that the policy undermines fair competition and reduces consumer choice,
World's leading producers continue output plans above Paris deal compatibility
Many of the world’s major fossil fuel producers plan oil, gas and coal extraction far beyond levels compatible with the Paris Agreement.
Russian seaborne oil product exports slump 18% in early September
Russia’s seaborne oil product exports fell 18% year on year in the first half of September as unplanned refinery and transport outages disrupted supplies and pressured freight rates.
China cuts Russian LNG imports by fifth in Jan-Aug
BP sparks hope for South Korea’s offshore gas
BP plc, the UK-based oil and gas giant, has submitted a bid to develop offshore gas reserves in South Korea’s East Sea, signalling renewed optimism for the nation’s long-delayed energy ambitions despite the collapse of its flagship prospect.
US presses India on Russian oil in trade talks
The United States has raised India’s oil purchases from Russia as part of ongoing trade negotiations, even as Indian refiners continue to increase such imports to meet domestic demand
Phuket’s energy use soars with daily fuel surge
Fuel consumption in Phuket has surpassed 1mn litres per day, and authorities warn that this rising demand could put pressure on supply and sustainability
Democratic Senators push Trump to ramp up targeted sanctions on Russian LNG
Calls are mounting by Democratic senators for US President Donald Trump to increase targeted sanctions on Russia’s LNG sector.
Japan, New Zealand lower cap on Russian oil in coordinated sanctions push
Japan and New Zealand have joined a widening coalition of nations reducing the maximum price at which Russian oil can be traded, intensifying pressure on Moscow’s wartime economy.
Sri Lanka connects Kerawalapitiya LNG power plant to national grid
The project was inaugurated by Prime Minister Harini Amarasuriya. Speaking at the event, Amarasuriya said her government was determined to ensure Sri Lanka achieved “the lowest electricity prices in the region."
Oil India says $20bn Mozambique LNG project to restart by December as Islamist rebellion eases
State-owned Oil India expects a $20bn Mozambican liquefied natural gas (LNG) project in which it holds 10% interest to resume development by December
Indian LNG imports down 5.5% in August
India’s liquefied natural gas (LNG) imports dropped in August 2025, reaching 2.89bn cubic metres (bcm), down 5.5% year-on-year, according to the latest provisional data from the Government of India
"Single-door" fuel policy hurts Indonesia's retail market
Indonesia’s government is standing firm on its policy requiring private fuel retailers to channel imports through Pertamina, despite recent shortages at non-state service stations.
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