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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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Russia to open first Far East LPG terminal by end of 2025
Russia is set to open its first LPG terminal on the shore of the Pacific Ocean by the end of next year, a project backed by Chinese investment.
India's LNG import terminals see surge as market stabilises
India's liquefied natural gas import terminals see increased activity in 2024 as global gas market conditions stabilise
Shell kicks off coalbed methane well campaign in Queensland
Shell’s Queensland-based QGC division in Australia has begun working on onshore wells targeting coalbed methane resources in the Western Downs region.
Gazprom uses African route to ship Portovaya LNG to China
Tankers carrying LNG from Gazprom's Portovaya terminal in northwest Russia began making their way to China around Africa this spring, avoiding the shorter route via the Red Sea because of the risk of attacks by Houthi rebels.
Russia's seaborne ESPO exports on track for May record
Russian seaborne exports of ESPO blend oil are on track to surge to a new record in May.
AsianOil: Pavilion Energy, bp Singapore agree long-term LNG supply deal to power city state
Indonesia to cut fuel subsidies in 2025, saving $4.17bn
The Indonesian government has announced plans to reduce fuel subsidies and compensation starting in 2025, a move expected to save the national budget IDR67.1 trillion
Fire erupts at Pertamina Balikpapan Refinery; no casualties reported
A significant fire broke out at the Kilang Pertamina Internasional oil refinery in Balikpapan, East Kalimantan, early May 25 morning
Malaysian sovereign fund sues PetroSaudi CEO for $1.83bn over fraudulent oil deal
Malaysia's sovereign wealth fund, 1MDB, has launched a lawsuit seeking $1.83bn from Patrick Mahony, CEO of PetroSaudi International, citing fraudulent activities in a joint venture for oil exploration
PANNIER: Russia is pushing Turkmenistan out of the natural gas market
Moscow’s moves to take over Central Asian pipeline capacity for deliveries to China might explain unusual urgency in the Turkmen search for new customers.
CNOOC signs E&P deal for five oil and gas blocks offshore Mozambique
State-run China National Offshore Oil Corporation (CNOOC) has signed concession contracts for oil exploration and production with Mozambique’s Ministry of Mineral Resources and Energy and the national energy company ENH.
Indonesia, ExxonMobil and KNOC plan CCS facility in offshore Asri basin
Indonesia, ExxonMobil and KNOC plan development of CCS facility in offshore Asri basin.
Pakistan’s PRL seeks expansion with Chinese investment
Chinese firms have expressed keen interest in partnering with Pakistan Refinery Ltd. (PRL) for its expansion and upgrade project (REUP), marking a significant development for Islamabad's energy sector
China's fuel oil imports reach record high amidst surge from Venezuela and Iran
China saw a significant uptick in fuel oil imports in April, marking a notable 10% increase from the previous year, according to data from the General Administration of Customs.
New plan for getting Turkmen gas to Europe – pipe it to Pakistan and ship it as LNG
Pakistani petroleum minister outlines proposal at energy symposium. Says TAPI pipeline could be completed solely with Islamabad and Ashgabat funding.
Pavilion Energy, bp Singapore agree long-term LNG supply deal to power city state
Pavilion Energy Trading & Supply and bp Singapore have finalised a decade-long agreement for the annual supply of approximately 0.8mn tonnes of LNG to Singapore
India likely to buy more Russian oil despite lowering discount
India’s reliance on crude oil imports is poised to increase further in 2024, after hitting a new high of 87.8%, driven by surging demand for petroleum products amid stagnant domestic production
Vietnam's oil giant PVS poised for profit surge despite cautious outlook
Vietnam Petroleum Technical Services Joint Stock Corporation, a dominant player in the country's oil and gas services sector, is presenting a contrasting picture to investors
Illicit Iranian oil smuggling into Pakistan losing millions for national treasury
An estimated 90,000 litres of Iranian oil are being smuggled daily into Pakistan
Asian spot LNG prices climb to highest levels since December
Hot weather across Asia has seen Asian spot LNG prices rise to their highest levels since December.
First tanker loads oil from Canada's expanded Trans Mountain pipeline
An Aframax chartered from Dubai’s Emarat Maritime has commenced loading the first oil from Canada’s Trans Mountain Expansion pipeline, which started commercial service on May 1.
Japan’s JERA to pump over $32bn into LNG, green projects in the next 10 years
JERA, Japan’s largest power generation company, has announced plans to invest approximately JPY5 trillion over the next decade into expanding its existing renewable energy portfolio, developing new fuels and bolstering its LNG capabilities.
Indian state owned ONGC reports record standalone profit in FY2024
India’s state owned Oil and Natural Gas Corporation (ONGC) has reported its highest standalone net profit to date, amounting to $5.5bn for FY2024
In April, India imports highest volume of Russian oil in nine months
India’s Russian oil imports surged to a nine-month peak in April 2024, driven by the resumption of shipments on non-sanctioned tankers operated by Russia's largest shipping company, Sovcomflot
China flirts with record LNG imports for 2024
China reported another strong month of LNG imports in April with the East Asian country importing 6.22mn tonnes of LNG during the month.
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