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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)
Mitsubishi makes strategic investment in MidOcean Energy
Japan’s Mitsubishi Corp has placed a strategic investment in global LNG firm MidOcean Energy.
Vietnam secures Mitsui investment in the Block B gas-to-power project
Japan’s Mitsui Oil Exploration Company Ltd (MOECO) has agreed to invest in the Block B Project in southern Vietnam that entails developing an offshore gas field and linking it by pipeline to a gas-fired power plant complex, costing around $740mn.
PLN EPI and Indokorea gas consortium forge alliance to revolutionise Indonesia's energy sector
PT PLN Energi Primer Indonesia has embarked on a journey to reshape Indonesia's energy landscape, focusing on the development of midstream liquefied natural gas infrastructure in the Nusa Tenggara region
JBIC funds to help bolster Japan’s LNG supply
Indian refiner IOC boosts investment in Chennai Refinery project amid cost escalation
Indian Oil Corporation, a state-controlled refiner, has announced a significant increase in the cost of constructing a refinery in Chennai, located in the southern state of Tamil Nadu.
Kazakh oil falls out of favour in South Korea
Kazakh CPC Blend crude has fallen out of favour in South Korea, Asia’s third-largest oil importer, with the country taking zero cargoes in February.
Gunvor and Pakistan reach settlement on contracted cargoes
Swiss-based commodities trader Gunvor has settled its dispute with state-run Pakistan LNG concerning contracted LNG cargo deliveries, the company revealed.
Kyrgyzstan seeks more Russian gas
US sanctions cast shadow over Pakistan-Iran gas pipeline project
The Pakistan-Iran gas pipeline, hailed by experts as a potential boon for Pakistan, faces a formidable challenge from US sanctions
Indonesian petrochemical megaproject faces stalling risk amid gas pricing concerns
The Indonesian Olefin, Aromatic, and Plastic Industry Association have issued a warning signalling the potential stall of a petrochemical megaproject, emphasising that the national GDP contribution of $2.8bn per year could be jeopardised
Russia sells Urals oil to India above Western price cap amid payment delays and logistics challenges
Despite facing payment delays and logistical hurdles, Russia continues to sell Urals oil to India at prices well above the Western-imposed price cap.
Thailand considers diesel price hike as oil fund debt soars
Thailand's Ministry of Energy is preparing to propose a reduction in diesel price subsidies to the Cabinet, citing mounting debt in the Oil Fund used to offset fuel costs
France plans return to Pakistan's LNG market
France is on the brink of re-entering Pakistan's LNG export market after more than a decade away following a legal dispute that caused a leading French company to exit the sector
Australia unveils watered-down draft fuel efficiency standards
Australia’s Albanese government has unveiled watered-down draft legislation on fuel efficiency standards for new passenger and light commercial vehicles.
Restart of Vietnam's only cracker delayed
The operator of Vietnam’s only petrochemical cracker Long Son Petrochemical has extended the closure of the facility and associated units in Ba Ria-Vung Tau until June, so that technical issues can be addressed.
Vietnam Prime Minister's bold move to tighten petroleum sector regulations
Amidst recent concerns over lax enforcement of regulations and the persistent threat of smuggling and trade fraud in the petroleum sector, Prime Minister Pham Minh Chinh has taken decisive action
Shell to enter Sri Lanka's fuel retail market in 2024
Shell Brands International AG and RM Parks Limited announced their partnership to introduce Shell into Sri Lanka's fuel retailing market this year.
Vietnam in talks with Russia's Novatek on LNG collaboration
Vietnam’s government is in talks with Russia’s Novatek on potential collaboration in the LNG sector, as the South Asian country seeks out more avenues of support for its LNG import industry.
Japan's Saibu Gas to expand storage capacity at Hibiki site
Japanese gas firm Saibu Gas revealed this week it planned to expand its LNG storage capacity to support increased gas demand during Japan’s decarbonisation.
Government inquiry explores revival of New Zealand’s sole oil refinery, Marsden Point
A study into the potential reopening of Marsden Point oil refinery in Northland, New Zealand, is underway. The study comes despite any significant cost projections and the necessity for a specialised workforce
Conflict on reports of illicit oil shipments to North Korea
In 2023 it is believed North Korea exceeded a UN-imposed cap on oil imports, sneaking in up to three times the permitted volume. In the process Pyongyang flouted global sanctions, according to a fresh evaluation by UN member states
Woodside sells stake in Scarborough project to LNG Japan
Australian energy giant Woodside has agreed to sell a 10% interest in the company’s Scarborough joint venture to LJ Scarborough, which is a jointly owned subsidiary of LNG Japan, the firm announced.
Woodside eyes major increase of North American LNG purchases
Australia’s Woodside Energy is shifting its focus to North America for procurement of LNG supplies amid a challenging environment for construction of new LNG projects in the domestic market, Japan’s Nikkei Asia reported.
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