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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)
Gas shortages challenge Bangladesh power sector growth amid new plant launches
Bangladesh confronts a pressing challenge in ensuring adequate gas supply for a slate of new gas-fired power plants, collectively boasting a generation capacity of approximately 3,510MW
India's reduced Russian crude imports signal shifting energy alliances
Amid escalating Western sanctions, India scaled back its procurement of Russian crude in February, exacerbating trade strains between the two nations.
Shell looks to switch from oil to LNG assets in Singapore
Glencore, the Swiss commodity trading major, is reportedly in talks to acquire Shell’s oil operations in Singapore, according to sources familiar with the matter speaking to Reuters earlier in the month.
Dalian Shipbuilding begins construction of LNG carriers for CMES
The two 175,000 cubic metre vessels bring the total number of LNG carriers DSIC has built for CMES to five. The ships have a length of 295 metres, a width of 46.4 metres, and a depth of 26.2 metres, and possess a service speed of 19.5 knots.
AG&P LNG purchases 49% interest in Vietnam’s Cai Mep terminal
Atlantic, Gulf and Pacific LNG, the Singapore-based unit of US asset management company Nebula Energy, announced that it has bought a 49% stake in the Cai Mep LNG terminal in southern Vietnam.
TotalEnergies strikes 16-year deal with Sembcorp Fuels of Singapore
TotalEnergies, a leading player in the Asian and global LNG market, has agreed a significant deal with Sembcorp Fuels, for the supply of up to 0.8mn tonnes of LNG annually for a period of sixteen years.
A first ever integrated LNG facility for the Philippines
Philippine power giants, Meralco PowerGen Corporation (MGen), Aboitiz Power Corporation (AP), and San Miguel Global Power Holdings Corp. (SMGP), are set to inaugurate the nation's first ever integrated LNG facility in Batangas Province.
US produced more oil in 2023 than any country for sixth consecutive year
The US produced more oil than any country at any time for the past six years in a row, according to the US Energy Information Administration.
India's petrol and diesel prices experience varied changes amid crude oil price fluctuations
Reports indicate that as of Thursday around 6 am, the WTI crude is being traded at $79.88 per barrel, marking a 0.21% increase, while Brent crude stands at $84.20 per barrel, also rising by 0.21%.
Saudi Aramco to reduce supply of oil to China, India
Saudi Aramco is set to reduce its supply of crude oil to customers in China and India due to upcoming oilfield maintenance, according to comments made by five sources on March 11.
Japanese LNG purchasers facing oversupply issue
Rapidly declining demand for LNG in Japan is expected to cause an oversupply by more than 11mn tonnes per year for the rest of the decade, a new report published on March 11 by the Institute for Energy Economics and Financial Analysis found.
South Korea makes big reduction in Russian fossil fuel imports
South Korea has made significant progress in reducing its energy dependence on Russia since the start of the Ukraine war, according to a report published recently in the Asia-Pacific journal The Diplomat.
FDI flow from China to Eurasia is ebbing
Lots of talks, but no new deals are being announced.
Iran crude sales won’t be harmed in case of Trump’s re-election, says oil minister
Iran’s crude oil exports will not be hurt if former US president Donald Trump wins the upcoming presidential election, Oil Minister Javad Owji said amid threats of further sanctions on the country’s petroleum industry.
The Indian Government extends INR300 LPG subsidy for Ujjwala beneficiaries till March 2025
In anticipation of the upcoming general elections, the government has unveiled plans to extend the subsidy on LPG cylinders under the Ujjwala Yojana, offering INR300 per cylinder to disadvantaged women for the next fiscal year.
PV Oil: a bumpy ride on the UPCoM
Vietnam Oil Corporation's stock exchange journey, which began with a bang six years ago on March 7, 2018, has been a rollercoaster ride.
Bill introduced to ban LNG exports to four countries, China included
Democratic Senators Sherrod Brown of Ohio and Jeff Merkley of Oregon have introduced the Protecting American Households From Rising Energy Costs Act.
Korea’s KOGAS secures long-term LNG deal with Woodside Energy
Australian firm Woodside Energy Group Ltd has signed a sale and purchase agreement with Korea Gas Corporation to provide LNG on a long-term contract to Korea, as announced by the firm on February 28.
Leading investors compete for slice of Vietnam’s new $2.4bn Nghi Son LNG power plant
Thanh Hoa Province in Vietnam is preparing to select a lead investor for the LNG Nghi Son thermal power plant project. The facility will be located inside the Nghi Son Economic Zone south of Hanoi.
New US sanctions on Russia to hit Indian oil refineries
New US sanctions against Russia on the occasion of the second anniversary of the invasion of Ukraine and as a response to the death earlier this month of Russian opposition figure Alexei Navalny are expected to pose problems for India refineries.
Japan considers rules for GHG emissions
Japan’s Financial Services Agency is thinking to make top-listed companies on the Tokyo Stock Exchange disclose information on greenhouse gas emissions throughout their supply chains.
Thailand inflation seen turning positive on rising energy prices
Thailand's inflation is expected to return to positive territory by mid-2024, driven by rising energy prices
Logistics company PT Transcoal Pacific secures contract for floating barge services in East Kalimantan
PT Transcoal Pacific, a leading provider of transport and logistics services, has obtained a service contract to supply floating barges for the temporary storage of fuel oil at Bengalon LTT Port
OPEC+ members roll cuts up until mid-year
The oil-producing group will maintain its current output quotas for another three months at least despite geopolitical uncertainty continuing to prop up oil prices
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