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AsianOil’s coverage ranges from established oil and gas producers such as Australia, Indonesia, Malaysia, Thailand and Vietnam to the region’s major refining hubs of India, Singapore, South Korea and Japan and countries in between.
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Read a recent issue cover to cover (click the image below)
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.
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.
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.
Malaysia's PSP Energy joins Shell's carbon compensation programme
Malaysia-based fuel supplier PSP Energy has joined Shell’s Carbon Compensation Programme for 2026.
West Australia obtains 4mn litres of gasoil for state fuel reserve
The government of Western Australia has purchased 4mn litres of gasoil as part of a plan to establish a state-controlled fuel reserve in the Kimberley region.
Australia faces mounting diesel shortages
Australia is facing mounting diesel shortages and sharply rising fuel costs as global supply disruptions linked to the Middle East conflict ripple through energy markets.
Tamboran reports strong gas flow test at Beetaloo basin well
Tamboran Resources announced last week that flow testing at its Shenandoah South 6H well in the Beetaloo Basin has delivered strong results
Australia's Viva seeks govt support to secure extra fuel amid crisis
The company said it would collaborate with Export Finance Australia to source and deliver additional fuel cargoes into the domestic market.
Australian juniors Cue, Echelon push on with Northern Territory drilling
Australian juniors Cue Energy Resources and Echelon Resources said last week they would move ahead with drilling two new wells in Australia’s Northern Territory.
Sunda eyes Asian acquisitions
Asia-focused independent Sunda Energy has outlined a series of strategic moves including a New Zealand acquisition, a collaboration in Timor-Leste and a structured financing package.
Russia markets discounted but sanctioned LNG to South Asia
Russia is again seeking to capitalise on the tightening global gas market by offering LNG from US-sanctioned facilities to energy-constrained buyers in South Asia at steep discounts.
Thailand holds steady oil buffer as Middle East tensions continue to unsettle markets
According to the Thai Energy Ministry’s latest assessment, diesel production in the country continues to exceed domestic demand with daily output reaching 83.37mn litres, compared with a nationwide demand of 68.69mn litres.
Middle Eastern producers eye South Korea oil storage amid disruption
Major oil-producing countries in the Middle East have expressed interest in using South Korea’s crude oil storage facilities as conflict in the region continues to disrupt shipments, according to a senior industry ministry official in Seoul.
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