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Read a recent issue cover to cover (click the image below)
Middle East covers almost all Japan oil imports during March
Despite some recent controversy about G7 member Japan buying crude oil from Russia’s Sahkalin project, almost all of Japan’s oil imports during March originated in the Middle East, with Saudi Arabia being the largest supplier.
Kumul Petroleum delays purchase of stake in PNG LNG from Santos
Papua New Guinea state-owned Kumul Petroleum has delayed an agreement to purchase a 5% stake in the PNG LNG project from Santos, the Australian firm and Papua New Guinea Prime Minister said on May 1.
World’s biggest buyer of LNG expects volatile year ahead
Japanese energy company JERA, the world’s biggest purchaser of LNG, says there is a risk of more market volatility throughout 2023.
AsianOil: Russia to overtake Middle East in April as India’s biggest supplier of crude imports
Mongolia starts construction of pipeline via which oil will reach country’s first refinery
Reports suggest Iran’s seizure of tanker is retaliation for US effort to arrest vessel carrying Iranian oil cargo
JERA agrees to purchase LNG from Venture Global in 20-year deal
Under the terms of the free on board deal, JERA will buy roughly 1mn tpy of LNG from the Venture Global-operated CP2 project to be located in Cameron Parish, Louisiana.
Pakistan thrown a crude lifeline by Moscow
The crude deal was agreed following a visit to Pakistan by a high-level Russian delegation earlier in the year headed by Russian Energy Minister Nikolay Shulginov.
India’s north-eastern states working to facilitate oil search
In the extreme and very remote north-east of India, the chief ministers of the states of Assam and Arunachal Pradesh have given a green light to oil exploration measures after agreeing to settle long-standing border disputes going back generations.
Russia to overtake Middle East in April as India’s biggest supplier of crude imports
Russia is set to overtake India’s tradition supplies of crude oil from the Middle East to become the biggest supplier as imports rise to record levels in April.
Australian government plans extension to cap on domestic gas prices
The government of Australian Prime Minister Anthony Albanese is proposing to extend a price cap set on gas prices last December to 1 July, 2025.
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.
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