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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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Asia likely to need more LNG for longer
Japan, South Korea and Taiwan are struggling to meet end-of-decade emissions targets as the pace of renewables development is not fast enough, argues Graeme Bethune, the chairman of Australian consultancy EnergyQuest.
GAIL planning to double the size of Dabhol LNG terminal near Mumbai
India’s state-owned natural gas company GAIL is reportedly intent on augmenting the capacity of its all-important LNG terminal at Dabhol, Maharashtra.
Iran, Pakistan collaborate for energy cooperation
During Iranian President Ebrahim Raeisi's visit to Islamabad, the Iranian Oil Minister affirmed Pakistan's eagerness to expedite the injection of gas into the Iran-Pakistan gas pipeline
TotalEnergies buys remaining stake in Malaysian gas producer
TotalEnergies has struck a deal with Sapura Upstream Assets to buy its 50% interest in Malaysian gas producer SapuraOMV for $530mn
Aramco in talks to acquire stake in another Chinese downstream player
Saudi Aramco is in talks on acquiring a 10% stake in Chinese refiner and petrochemicals producer Hengli Petrochemical, as it looks to expand its downstream operations in the Asian country.
Pakistan hoping Iran gas pipeline becomes operational ASAP
Pakistan is eager to bring onstream a long-stalled pipeline as soon as possible to receive Iranian natural gas, Iran’s Oil Minister Javad Owji said, after holding talks with his Pakistani counterpart in Islamabad.
Tamboran strikes Northern Territory gas deal
Australian independent producer Tamboran Resources has reached a long-term gas sales contract with the Northern Territory government for supplies from the Beetaloo joint venture’s planned Shenandoah South pilot development.
China eyes discounted Venezuelan crude as India retreats amid renewed US sanctions
China is poised to see a surge in Venezuelan crude imports as India reevaluates its purchases following the reinstatement of US sanctions on Venezuela's oil and gas sector, according to industry sources.
Vietnam's LNG power push stalls as price concerns hinder PPA talks
Vietnam's ambitious plans for LNG-fired power generation face a hurdle as negotiations between state-owned Vietnam Electricity and private investors hit a deadlock
COMMENT: Can China compensate for Russia’s losses on the European gas market?
“Building the Power of Siberia 2 gas pipeline from Russia to China is a rational decision that would have made sense even before the war, but the project will never be able to replace Russia’s decimated gas trade with Europe."
Kilang Balikpapan's refinery development plan to drive petrochemical expansion
The Refinery Development Master Plan project at Kilang Balikpapan is poised to enhance gasoline and gasoil series production while venturing into petrochemical products
Indonesian minister urges Pertamina to develop Buton oil prospect
Minister of Energy and Mineral Resources Arifin Tasrif has called upon state energy company PT Pertamina to expedite the development of the oil prospect in Buton, an offshore field located in Southeast Sulawesi
Indonesia’s Medco Energi Internasional completes divestment of Ophir Vietnam Block 12W
PT Medco Energi Internasional has finalised the divestment of its entire shareholding in Ophir Vietnam Block 12W BV to Bitexco Energy Company Limited
Thailand faces rising transport costs as diesel prices surge
Thailand's transport sector braces for a potential 6% hike in shipping costs after diesel prices breached the THB30 per litre mark.
Malaysian oil and gas sector flourishes amidst Middle East tensions
Economists assert that the recent surge in crude oil prices, propelled by escalating tensions in the Middle East, presents a lucrative opportunity for Malaysian oil and gas companies
Venezuela's Oil block encounters US sanctions barrier, Indonesia's dilemma unfolds
Tutuka Ariadji, the Director General of Oil and Gas at Indonesia's Ministry of Energy and Mineral Resources, has revealed that Venezuela has presented Indonesia with enticing prospects for oil blocks
Niger to supply diesel to Mali national energy company
OPEC sees Indian oil demand rising on back of need for diesel
OPEC has said it expects Indian oil demand to increase by around 250k bpd in the first half of the year, driven in large part by the demand for diesel as the population approaches 1.5bn
Japan imposes new export criteria on Russian oil and gas sectors
The Japanese government is reportedly targeting Russia’s oil and gas sectors as well as others by imposing new export controls on select items bound for Moscow
Chinese crude imports take surprise y/y dip in March
China's crude oil imports experienced a notable decline of 6% in March compared to the corresponding period last year.
Japanese refiner Idemitsu ups stake in Fuji Oil
Japan’s second-largest refiner Idemitsu has agreed to purchase an extra stake in counterpart Fuji Oil from domestic power producer Jera, building on their existing partnership
Republic of Congo expands oil partnerships, eyes closer ties with Azerbaijan
The Republic of the Congo’s President Denis Sassou-Nguesso is diversifying the West African country’s oil and gas partnerships in search of reliable allies to explore its substantial reserves.
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