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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)
Mongolia’s first oil refinery to be completed with Indian assistance by 2025 says envoy
2022 blip aside, China is Asia’s LNG force of the future
With the exception of last year’s dip in numbers, as LNG prices around the world reacted to Russian invasion of Ukraine, China has shown continued year-on-year LNG import increases since the mid-2000s.
New LNG deliveries for India’s GAIL from SEFE
German firm SEFE Marketing and Trading, formerly Gazprom Germania, delivered two cargoes of LNG to GAIL in March and in April. Another four are to be delivered in May.
Guyana turns down India’s request for discounted crude oil supplies
Guyana’s Vice President Bharrat Jagdeo says his country rejected India’s request for a discount on crude oil purchases during recent trade discussions.
LNG volumes at sea rise on annual basis
The amount of LNG stored at sea rose this month on an annual basis, Reuters reported on April 21, attributing the growth to low spot demand in Japan, China and South Korea.
Russian energy exports to China soar in Q1
Russian supplies of oil, pipeline gas and LNG to China soared in the first quarter of this year, customs authorities in Beijing reported on April 21, reflecting the diversion of the country’s energy exports from Western markets.
Korean firms eye gas projects and role in constructing new city of Arkadag in Turkmenistan
Tokyo, Seoul agree deal to guarantee gas supply
Japanese firm JERA and Korea Gas (KOGAS) have agreed to work together to help guarantee gas supplies to the two long-term rivals as much of Asia continues to struggle to secure cargoes.
China, India hungry for LNG cargoes as spot prices drop
As per data released by commodity analyst firm Kpler, LNG imports to the subcontinent will be in the region of 1.84mn tonnes in March, significantly higher that the 1.27mn imported in February, itself the lowest rate of import in over six years.
India’s Dhamra terminal receives first cargo as LNG imports continue to rise
The Dhamra LNG terminal in India’s eastern state of Odisha received its first cargo on April 17, ahead of startup. The facility co-owned by TotalEnergies and Adani Group will give the Asian country seven LNG terminals in operation.
India to continue buying Russian oil above price cap
India will continue to buy Russia oil above the G7 price cap of $60 per barrel in an effort to fight inflation and encourage economic growth at home, Finance Minister Nirmala Sitharaman said this week in an interview with Bloomberg.
Lessons from the Sino-Russia Power of Siberia 1 deal for the second gas pipeline deal
The key deal under discussion during Chinese President Xi Jinping's three-day trip to Moscow in March to meet with President Vladimir Putin was the construction of a second Power of Siberia gas pipeline to re-orientate Russia gas exports eastwards.
Australian super-funds rubbing conservationists the wrong way
The 15 largest so-called ‘super-funds’ in Australia have reportedly pumped over $25bn into coal, gas and oil developments. An ACF report revealed that Australian Super, a superannuation fund, had put $10bn into developing fossil fuel projects.
Hong Kong readies for launch of LNG terminal
Preparations are underway for the launch of the offshore Hong Kong LNG terminal following the floating storage and regasification unit’s (FSRU) completion of checks and clearance procedures.
AsianOil: Australian gas lobby welcomes hydrogen report
Russian oil production, exports above pre-war levels, revenues down
Russia's crude export volumes have exceeded those hit before the invasion of Ukraine, as China and India buy almost all of this oil, but Russia’s budget received 43% lower revenues in the first two months of 2023 against the same period in 2022.
Australian gas lobby welcomes hydrogen report
The Australian Petroleum Production & Exploration Association (APPEA) has welcomed the release of the 2022 State of Hydrogen report as an important step towards achieving net-zero emissions.
Beach suffers setbacks at Thylacine project off Australia
Beach Energy, an Australian independent, has encountered a setback at its Thylacine-Geographe gas project in the Otway Basin offshore Victoria, Australia, it said this week.
China greenlights CNOOC's offshore wind plans
China has endorsed Chinese offshore operator CNOOC Ltd’s plan to build a massive offshore wind farm in the South China Sea. This move is part of the government's plan to reduce carbon emissions, by powering offshore oil and gas fields with wind.
Indonesia offers up rights to three more oil, gas blocks
Indonesia has invited bids for three oil and gas exploration blocks in its first licensing round of the year, its energy ministry said this week, estimating the acreage to contain over 2.4bn barrels of oil and 9 tcf (255 bcm) of natural gas.
French firm Technip Energies wins major LNG deal in China
French firm Technip Energies has secured what is being termed a significant deal with the north-west China-based Shaanxi Yanchang Petroleum Group, and Shaanxi Gas Group.
Tellurian seeks Japanese and Indian investment for Driftwood LNG project
US LNG developer Tellurian is holding discussions with Japanese and Indian companies on potential investment in Tellurian’s planned Driftwood LNG terminal, the company’s CEO Octavio Simoes told Nikkei on April 11.
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