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Vietnam requests crude and gas supplies from Algeria
Vietnam is seeking additional crude oil and natural gas from Algeria as global energy markets face disruption linked to tensions in the Middle East.
South Korea secures 24mn barrels of UAE oil
A senior official from the South Korean presidency confirmed on March 18 that the United Arab Emirates has committed to viewing Seoul as its primary partner for petroleum exports.
Asia turns to Russian fuel in record volumes
China is also increasing its purchases from Russia, with imports estimated at 1.2mn to 1.5mn tonnes – primarily for use as a substitute feedstock in refineries.
Eni approves $5bn Indonesia gas projects
Italian energy group Eni has approved two major offshore gas developments in Indonesia that are expected to produce around 2bn standard cubic feet per day (cf/d) of natural gas, the company said on March 18.
Japan petrol prices hit record level
Japan’s average retail petrol price has reached a record JPY190.80 ($1.19) per litre, reflecting higher crude costs linked to the Iran conflict, according to data released on March 18 by the nation’s industry ministry.
Bangladesh turns to coal as LNG crunch deepens
Bangladesh has sharply increased coal-fired power generation this month as an acute LNG shortage disrupts gas-based electricity output, following supply constraints linked to the ongoing conflict in the Middle East.
Taiwan absorbs $100mn to blunt fuel prices
Taiwanese state-owned energy provider CPC Corp. has absorbed approximately TWD3.3bn ($100mn) in additional fuel expenses over the last fortnight to maintain domestic price stability.
Philippines suspends fare rise, Marcos expands subsidies
President Ferdinand Marcos Jr has frozen a planned rise in public transport fares, stating that the current global instability makes it "not the time" to increase costs for citizens.
Myanmar introduces power rationing amid rising electricity demand
Myanmar will introduce targeted electricity distribution measures as rising demand strains supply, the Ministry of Electric Power has announced.
Cambodia turns to Singapore, Malaysia for fuel supply
Cambodia is increasing fuel imports from Singapore and Malaysia to offset supply shortfalls caused by export restrictions from Vietnam and China, Energy Minister Keo Rottanak told Reuters.
Falling crude output raises Vietnam’s import dependency concerns
Vietnam is set to see domestic crude oil output decline this decade, heightening reliance on imports as ageing offshore fields and geopolitical tensions disrupt supply, according to a government report released this week.
Pakistan warns of post-April LNG gap as supplies start to dry up
Pakistan’s Senate Standing Committee on Petroleum has been warned that the country could face difficulties meeting gas demand in the power sector after April 14, as imported LNG supplies are set to lapse.
India denies media reports of Iran tanker swap deal
New Delhi is navigating a delicate balance between its energy dependence on Gulf suppliers.
Bangladesh steps up LNG purchases as Asia feels tightening of supplies
Bangladesh is moving to secure additional LNG supplies from the spot market as part of the intensifying strain on global energy markets linked to the war in Iran and knock-on effects with supplies.
Japan’s JERA proposes LNG plant for Oahu as Tokyo grapples with energy strains
Japan’s largest power generation company has set out plans to develop a liquefied natural gas-fired plant on Oahu, positioning the project as a lower-cost alternative to oil-based generation.
Japan eyes Alaska oil tie-up as supply risks mount
Japan is preparing to use a forthcoming summit in the US to advance co-operation on crude production in Alaska, as Tokyo seeks to shore up energy security against mounting disruption linked to the conflict in Iran.
Bangladesh approves emergency spot LNG purchases
Bangladesh has stepped up efforts to secure emergency energy supplies after a cabinet committee approved the purchase of two spot liquefied natural gas (LNG) cargoes from Aramco Trading Singapore.
India seeks Chinese urea supplies as Middle East conflict threatens fertiliser output
ndia has asked China to allow the sale of some urea cargoes as the conflict in the Middle East disrupts natural gas supplies and raises concerns over fertiliser production in the South Asian country.
Turkey emerges as revived route for Iraqi oil amid Hormuz crisis
Baghdad accelerates revamp of long-idle pipeline puy out of action more than a decade ago by bomb attacks.
Philippines down to its last three weeks of fuel reserves, turns to Russia for help
The Philippines is currently navigating a perilous and largely overlooked period of economic vulnerability: its national fuel supply could run out in around three to four weeks if international imports don't arrive soon.
Laos boosts electric vehicles to curb fuel demand
Laos has unveiled sweeping measures to reduce fuel use, including cheaper fees for electric vehicles and higher costs for petrol cars.
Cambodia plans refinery as fuel prices keep climbing
Cambodia plans to build its first oil refinery by 2029 as fuel costs continue to rise.Minister of Mines and Energy Keo Rottanak said the country is also aiming to establish a crude oil stockpile to strengthen energy security.
Indonesia explores oil imports from Brunei
The government of Indonesia is reportedly assessing the possibility of importing crude oil from Brunei as part of efforts to safeguard national energy security
Sri Lanka declares weekly fuel holiday
Sri Lanka has designated every Wednesday a public holiday to conserve fuel as the country confronts the risk of supply shortages.
Another Japanese petrochemical producer cuts ethylene output
The Japanese refiner has lowered the operating rates at its ethylene facilities in Ichihara in Chiba Prefecture, east of Tokyo, and in Shunan in Yamaguchi Prefecture, according to company officials.
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