AsianOil - Asia Oil & Gas

Russia and Pakistan explore oil-sector pact

Russia and Pakistan are in talks on a potential agreement in the oil sector, with discussions under way between the energy ministries of both countries on cooperation in exploration, production and refining

Thai officials reject claims of oil exports to Cambodia

Thailand blocks fuel supplies to Laos

Thailand has halted fuel shipments passing through a key border checkpoint with Laos after intelligence suggested the supplies were being diverted to Cambodia.

APPEC warns of growing gas market volatility

Industry leaders attending the Asia Pacific Petroleum Conference (APPEC) in Singapore this week emphasised the growing volatility of gas markets.

Asian LNG spot prices sink to two-year low

Power of Siberia 2 faces uphill struggles

Plans for a second major gas pipeline linking Russia and China remain subject to prolonged negotiations and technical challenges.

TotalEnergies sheds stake in offshore Malaysian gas block

France’s TotalEnergies has agreed to sell part of its interest in a Malaysian offshore gas block to Thailand’s PTTEP.

India’s Russian oil imports: a complex picture of contradictory claims

Indian refiners appear set to take in substantial volumes of Russian crude this December, confounding predictions that new Western sanctions would sharply curtail flows.

Myanmar fuel importers face $257mn repayment order

Myanmar’s military authorities have instructed fuel importers to repay more than MMK540bn (about $257mn) by the end of January, accusing them of manipulating US dollar transactions in a way that has reportedly cost the state billions

Thailand stops fuel passing to Laos over security fears

Thailand has suspended fuel shipments transiting a major border crossing with Laos after intelligence reports indicated that some supplies were being diverted to Cambodian military units, amid escalating clashes between Thailand and Cambodia.

Bangladesh imports 11 LNG cargoes in November

Bangladesh spent $360.99mn to import 11 cargoes of liquefied natural gas in November as part of efforts to secure energy supplies and meet rising domestic demand

Myanmar fuel prices edge down slightly

Fuel oil reference prices in Myanmar edged down slightly for the week ending December 18. Octane 92 was priced at $1.69, Octane 95 at $1.21, diesel at $1.07, and premium diesel at $1.28.

Indonesia ties tariff negotiations with Washington to long-term energy security

Indonesia has moved to underline the central role of energy cooperation in its trade negotiations with the United States, insisting that talks on reciprocal tariffs remain on course and that pledges to import American oil and fuel will be upheld.

Vietnam advances clean energy transition with LNG power

Vietnam on December 14 marked the inauguration and start of commercial operations of the Nhon Trach 3 and 4 thermal power plants in southern Dong Nai province, with Prime Minister Pham Minh Chinh attending the ceremony

India’s Russian oil inflows hold near 1.5mn bpd despite sanctions

India’s crude oil arrivals from Russia averaged about 1.5mn barrels per day in the first ten days of December, with projected flows indicating a possible rise to 1.6mn bpd

US seizure of tanker carrying Venezuelan crude escalates standoff with Maduro

The United States seized an oil tanker off Venezuela in international waters, President Donald Trump told media on December 10, describing the vessel as “a big tanker, a very big one—the biggest ever seized, in fact.”

McDermott wins major subsea EPCIC contract for Brunei gas development

McDermott(MCDIF) has been awarded a significant subsea contract for a natural gas development project offshore Brunei Darussalam, following its earlier completion of front-end engineering design (FEED), optimisation studies and readiness planning

Shell restores fuel supply across key Indonesian regions after import curbs

Shell has restarted petrol sales at its service stations in Indonesia after government-imposed import limits tightened supplies and temporarily emptied its pumps