AsianOil - Asia Oil & Gas

Eni finds more gas off Indonesia following FIDs

Italy’s Eni has announced a gas discovery offshore Indonesia, with estimated resources of around 5 trillion cubic feet of gas and 300mn barrels of condensate.

Jadestone strikes gas deal for fields offshore Vietnam

Japan promotes stockpiling model as Asia scrambles for fuel

Japan has assured Australia that regular fuel shipments to the country will continue, while also exploring future swap arrangements. However, Tokyo still remains cautious about drawing further on its existing reserves.

Australian regulator assesses plans for Woodside's GWF 4 project

Australia’s offshore regulator NOPSEMA is assessing construction plans submitted by Woodside Energy for its Greater Western Flank 4 development.

Geelong refinery to reach 90% capacity within weeks after fire

Viva Energy expects production at its Geelong refinery in Australia to recover to around 90% of capacity within weeks after a large fire struck the facility.

Japan’s JAPEX hints at profit cuts due to Middle East disruption

Japan Petroleum Exploration has issued a press release warning of the impact on its business from escalating tensions in the Middle East, indicating that higher LNG procurement costs and suspended oil production are expected to weigh on earnings.

Santos chairman to step down next year

The chairman of Santos, Keith Spence, has announced plans to step down from the board in 2027 after eight years in the role.

Majority of Australians back increased oil and gas exploration, poll says

A majority of Australians support expanding oil and gas exploration even if it conflicts with the government’s emissions targets.

COMMENT: Why China is hedging for now in the Middle East

As the US-Israel-Iran war enters its second month, one of the most consequential geopolitical actors has been conspicuous by its silence. China has not intervened, has not condemned, and has not chosen sides in any meaningful public way.

First Korean tanker uses Red Sea route as Hormuz disruption forces shipping shift

A South Korea-owned tanker has become the first Korean vessel to transport crude oil via the Red Sea as an alternative to the Strait of Hormuz, after the key waterway was effectively closed.

Tata Power advances bio-CNG-led rural energy model in India’s Uttar Pradesh

Tata Power (NSE: TATAPOWER) is scaling up its push into decentralised clean energy with a bio-CNG-integrated microgrid initiative in Uttar Pradesh, aimed at reducing diesel dependence and strengthening rural livelihoods.

India expands Russian marine insurer approvals to support oil imports

India has broadened the pool of Russian insurers permitted to provide marine insurance for vessels calling at its ports, taking the total number of approved firms to 11.

India, Sri Lanka plan oil pipeline

C. P. Radhakrishnan and Anura Kumara Dissanayake held extensive discussions on strengthening bilateral cooperation, including a proposed oil pipeline linking India and Sri Lanka, as New Delhi pushes deeper energy and infrastructure integration.

Taiwan airlines set to double export fuel levies

Taiwanese aviation majors are set to double their cargo fuel surcharges starting in May, as rising global oil prices drive up logistical costs for shipments to the US, Europe and Asia.

Japanese carriers to hike international fuel levies

Japan Airlines (JAL) and All Nippon Airways (ANA) announced on April 20 that they intend to twofold current fuel levies for overseas travel scheduled for May and June.

UAE warns it could sell oil in yuan if dollar liquidity crunch hits

The UAE has warned Washington it could switch to yuan or other currencies to settle oil sales in the event of a severe dollar shortage, with reserves at $270bn as Gulf state faces mounting Iran war pressure.

Oil price divergence in a time of crisis

Singapore gas buyer GasCo secures spot LNG cargoes

State gas buyer GasCo has procured additional liquefied natural gas (LNG) cargoes from Australia and Mozambique to mitigate supply disruptions caused by the conflict between Israel and Iran, the company confirmed on April 20

Bangladesh telecom networks risk shutdown amid worsening fuel crisis

Bangladesh is facing the prospect of widespread mobile network disruptions unless fuel supplies improve quickly, as shortages linked to the West Asia conflict continue to intensify.

Pakistan seeks additional LNG to ramp up power generation

Pakistan’s Power Division has moved to boost electricity generation as rising temperatures push up nationwide demand.

India’s LPG consumption drops 13% in March

India’s cooking gas (LPG) consumption declined sharply in March as supply disruptions linked to the West Asia conflict affected availability for both domestic and commercial users.

Vietnam urges stable fuel supplies from Chinese providers

Amid ongoing disruption to global energy chains linked to tensions in the Middle East, Vietnamese authorities have urged Chinese counterparts to help ensure a steady flow of jet fuel for domestic airlines

Russia to supply oil and energy support to Myanmar

Myanmar and Russia have moved to strengthen energy cooperation after the two parties signed an agreement.

Pakistan cuts fuel prices again as global oil decline eases costs

Pakistan has announced another round of reductions in petroleum product prices, as declining global oil rates continue to pass through to the domestic market.

PM Anwar signals Malaysia is open to Russian oil imports

Prime Minister Anwar Ibrahim suggested Malaysia is prepared to negotiate with Russia for crude oil imports to secure domestic energy supplies, despite ongoing Western sanctions against Russia

Indonesia to halt diesel imports by July

Indonesia will stop importing diesel on July 1 as the government rolls out a mandatory 50% palm oil-based biodiesel blend (B50) to achieve full fuel self-sufficiency, Agriculture Minister Andi Amran Sulaiman said on April 19.

India's March LNG imports rise over 20% despite marginal yearly dip

India’s liquefied natural gas (LNG) imports climbed to 2.9bn cubic metres (bcm) in March 2026, registering a 20.5% increase compared with the same month last year, according to provisional data from the Government of India.

India looks to spot market after LNG prices dip

India has dipped into the LNG spot market with three cargoes purchased as the Asian powerhouse shores up on LNG after the recent fall in price.

Bangladesh ramps up diesel imports from India

Bangladesh has received a fresh shipment of 5,000 tonnes of diesel from India via the cross-border pipeline, taking total inflows to around 30,000 tonnes since March.

Iraq suspends Gharraf oil field production after force majeure declaration

Japan Petroleum Exploration (JAPEX) announced that production and export operations at Iraq’s Garraf oil field have been suspended following the government's declaration of force majeure.

LNG carrier bound for India from Russia's Portovaya project

The Kunpeng LNG carrier is heading to India with a cargo of Russian LNG, in what could mark a rare delivery from a US-sanctioned project to the country.

Thailand reduces reliance on Middle East oil imports

Thailand’s state energy firm is racing to secure supplies as tensions in the Middle East rattle global markets.

SMEs in Thai tourism face debt and weak demand

Thai tourism operators are calling for clearer government action as rising energy costs deepen financial strain.

India to benefit from US extension of Russian oil waiver

The United States has opted to extend a waiver permitting limited transactions involving Russian oil, despite sustained political opposition from within Washington.

Istanbul-listed Aygaz to acquire two more LPG vessels from Korea’s Hyundai Samho for $234mn

Turkey’s Aygaz (AYGAZ) has signed a shipbuilding contract with South Korea’s HD Hyundai Samho for the construction of two liquefied petroleum gas (LPG) transportation vessels, Aygaz said on April 15.

Indonesia denies flagging issues as Pertamina tankers remain trapped in Hormuz

The Indonesian government has dismissed reports that flagging issues are complicating the exit of two Pertamina-owned tankers currently stranded in the blocked Strait of Hormuz

PNG defends $10bn Papua LNG deal against $2bn loss claims

The government of Papua New Guinea (PNG) has dismissed allegations that it is forfeiting rights or risking significant revenue loss in the Papua LNG project, clarifying that current marketing arrangements are binding contractual obligations

Bangladesh plans power tariff hike as subsidy burden surges

Bangladesh is moving towards raising both bulk and retail electricity tariffs as mounting subsidy requirements strain public finances during an ongoing fuel crisis.

Bangladesh to import 11 LNG cargoes in May

Bangladesh is set to import 11 liquefied natural gas (LNG) cargoes in May to meet peak summer demand, with the majority sourced from the volatile spot market, according to a senior official at Petrobangla.

Turkmengaz, China’s CNPC seal deal on fourth phase of giant Galkynysh gas field development

Turkmenistan's state gas company Turkmengaz and China's CNPC on April 16 signed a deal to construct the fourth development phase of the Central Asian country’s giant Galkynysh gas field.

Cambodia cuts fuel prices as government eases tax burden

Retail fuel prices in Cambodia have declined, with both petrol and diesel becoming cheaper following the latest adjustment announced by authorities.

China backs US-Iran ceasefire and talks

China's Wang Yi has told Iran's foreign minister Araghchi that Beijing supports the ceasefire and ongoing US-Iran talks, saying a window for peace is opening amid the war.

Taiwan flights drop 1.7% as fuel costs surge

Taiwan will see international flights fall by 52.6 per week in May, a 1.7% contraction of the original schedule, as global fuel prices surge. Data from the Civil Aviation Administration (CAA) showed the reduction during a legislative hearing.

South Korea secures 273mn barrels of Middle East oil

South Korea has guaranteed the delivery of 273mn barrels of crude oil from four Middle Eastern nations by the end of the year, presidential chief of staff Kang Hoon-sik announced on April 15.

India’s Russian crude imports triple to over $6bn in March

India’s crude oil imports from Russia more than tripled to €5.3bn ($6.2bn) in March, driven by a sharp rise in volumes and higher global prices.

Japan pledges $10bn Asian oil support package amid supply shock fears

Japanese PM Sanae Takaichi has announced a $10bn financial support package aimed at helping Asian countries secure crude oil supplies as prices surge amid escalating tensions in the Middle East.

Thailand trims diesel subsidies as fuel fund recalibrates support

Thailand has reduced diesel subsidies under its Oil Fuel Fund system while maintaining contribution requirements on petrol and gasohol products.

Australia, Singapore increase energy ties

Australia and Singapore have agreed to reinforce energy co-operation, pledging to maintain flows of refined fuel and LNG as both nations work to navigate international and regional energy issues on the back of the conflict in the Middle East.

Malaysia to hike biodiesel mandate to B15, starting with B12 rollout

Malaysia will increase its biodiesel blend mandate from B10 to B15, beginning with an initial move to B12, as a strategic measure to stretch domestic fuel supplies during the global energy crisis

Australian PM arrives in Malaysia for energy and security summit

Australian Prime Minister Anthony Albanese begins a three-day state visit to Malaysia on April 15 to coordinate a regional response to the Middle East energy crisis and the ongoing maritime blockade in the Gulf

Rising diesel costs push Manila to Russian energy

The Philippine government is lobbying Washington for permission to acquire additional Russian crude, as the import-dependent nation scrambles to shore up fuel supplies following the blockade of the Strait of Hormuz.