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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)
Chinese power projects under CPEC leave Pakistan struggling with debt
The China-Pakistan Economic Corridor (CPEC), once hailed as a transformative initiative for Pakistan’s economy, has left the nation grappling with substantial debt and soaring electricity costs.
Traders divert six US LNG cargoes from Asia to Europe
Higher European prices and poor demand in Asia for LNG have resulted in traders diverting at least six US LNG cargoes already this month.
Japan eyes long-term LNG supply from Alaska
Japan is actively seeking a long-term supply of LNG from Alaska, as a $44bn LNG project in the US state progresses after years of delays.
China raises imports of Russian LNG by 3.3% in 2024
China has increased its reliance on Russian LNG with imports rising 3.3% to reach 8.3mn tonnes in 2024.
Manila moves to become Asia-Pacific LNG hub
President Ferdinand R. Marcos Jr. of The Philippines has signed Republic Act (RA) No. 12120, officially known as the Philippine Natural Gas Industry Development Act, marking a significant milestone in the nation’s energy sector.
Russia's ESPO oil transport costs to China triple in wake of Biden sanctions
The cost of transporting Russian ESPO crude oil to China has more than tripled following the introduction of new US sanctions targeting Russia’s oil sector.
Vietnam, Denmark review energy partnership progress, set 2025-2026 goals
The fourth Steering Committee meeting for the Denmark-Vietnam Energy Partnership Program (DEPP3) was held to review 2024 achievements and outline plans for 2025-2026
Indonesia explores Russian oil imports after joining BRICS
Following Indonesia’s recent induction into BRICS, the Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has expressed openness to importing oil from Russia
Singapore's fuel oil inventories stay elevated despite weekly dip
Singapore’s onshore fuel oil storage volumes saw a slight decline last week but remained above average levels for the fifth consecutive week, according to Enterprise Singapore data released on January 15
Kuwait Petroleum and Saudi Aramco battle for dominance in Pakistan’s oil market
Pakistan’s oil market is witnessing a fierce competition between two Gulf oil giants, Kuwait Petroleum Corporation (KPC) and Saudi Aramco’s trading arm, Aramco Trading, as they battle for supremacy in the country’s domestic sector
India's LNG imports climb 18.2% in December
India’s liquefied natural gas (LNG) imports rose to 3.02bn cubic metres (bcm) in December, marking an 18.2% increase year-on-year (y/y), according to provisional data from the Ministry of Petroleum and Natural Gas
International Islamic Trade Finance Corporation to provide $2.75bn financing to Bangladesh
The International Islamic Trade Finance Corporation (ITFC), headquartered in Jeddah, will provide Bangladesh with $2.75bn in annual financing to support the energy and agriculture sectors
US Department of Energy predicts 8% slide in Brent price in 2025
The US Department of Energy expects Brent crude oil prices to decline to an average of $74 per barrel in 2025, an 8% drop from 2024 levels.
BRICS membership opens the door to Russian crude for Indonesia
Indonesia's recent inclusion in the BRICS economic bloc is poised to deliver potential benefits, particularly in addressing the country's trade deficit in the oil and gas sector.
Dhaka issues new tender for spot LNG cargo imports
State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a new tender and re-issued another to procure two spot LNG cargoes, scheduled for delivery during the windows of February 13-14 and February 6-7 respectively.
OGDCL to develop 10 unconventional gas wells in Pakistan
The Oil and Gas Development Company Limited (OGDCL) has launched an ambitious initiative to develop 10 unconventional wells targeting shale and tight gas in Pakistan
Oil refiners in India stop dealing with US-sanctioned vessels and entities
Indian refiners have ceased dealings with US-sanctioned vessels and entities but anticipate no immediate disruption to Russian crude supplies during the two-month wind-down period
Indonesia’s oil company Pertamina subsidiaries strengthen global reach with refinery product agreement
Two subsidiaries of Pertamina, PT Kilang Pertamina Internasional (KPI) and Pertamina International Marketing & Distribution (PIMD), have formalised a master sales & purchase agreement (MPSA) to enhance the global distribution of environment.
Centre of Energy and Resources Indonesia threatens legal action over oil and gas content violations
The Centre of Energy and Resources Indonesia (CERI), led by executive director Yusri Usman, is considering legal action against stakeholders in the oil and gas sector for alleged non-compliance with regulations mandating the use of local content.
Valeura ramps up drilling off Thailand in growth push
Canadian operator Valeura Energy announced plans on January 8 to increase drilling operations in the Gulf of Thailand, focusing on its Jasmine, Nong Yao, and Wassana oil fields as part of its 2025 strategy.
Abu Dhabi's NMDC bags $1.14bn contract to build gas pipes off Taiwan
Abu Dhabi-based NMDC Group has secured a $1.14bn contract from Taiwan Power Co. (Taipower) to design and install offshore gas pipelines along Taiwan’s western coast.
FPSO operator Yinson secures $1bn in pre-IPO capital
Singapore-based FPSO vessel operator Yinson Production has signed a definitive agreement with a consortium of global investment firms to secure $1bn in pre-IPO growth capital.
BP to boost recovery at top Indian oil and gas field
BP has committed to boosting oil production by 44% and gas output by 89% from India’s largest offshore field under a decade-long contract.
Tamboran achieves drilling milestone at Shenandoah South in Australia's Beetaloo basin
Sydney-listed Tamboran Resources has successfully drilled the Shenandoah South 3H well in its Beetaloo Basin exploration permit.
Vietnam’s PM calls for operational LNG power plants by June
In recent months Vietnam has faced a number of delays in the development of its LNG projects, prompting Prime Minister Pham Minh Chinh to call for accelerated efforts to bring these initiatives into commercial operation.
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