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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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Thailand's aviation sector faces persistently high jet fuel costs
Air travellers may face higher fares for longer as jet fuel prices are unlikely to fall quickly, according to the International Air Transport Association (IATA).
Thailand's Bangchak buys Hong Kong Caltex fuel network
Thailand’s Bangchak Corporation has entered Hong Kong’s fuel market with a $267mn acquisition of Chevron’s Caltex business.
Indonesia’s Aceh promotes Andaman gas downstream plans
Aceh in Indonesia is seeking to maximise the economic value of the large natural gas discovery in the offshore Andaman Block by pushing for the development of downstream industries within the province.
Vietnam advances $2bn Vung Ang LNG power plant
A consortium behind the Vung Ang III Liquefied Natural Gas (LNG) Power Plant is urging authorities in Ha Tinh Province to speed up land procedures to keep the $2bn project on track.
Russia turns to Indian gasoline imports as fuel shortages deepen after refinery attacks
Russia has begun importing gasoline by sea from India to ease fuel shortages caused by repeated Ukrainian drone strikes on its refining infrastructure.
Japan’s JERA creates LNG trading arm
Japan’s largest power producer JERA has established JERA Global Energy Solutions, which will manage the company’s LNG, upstream, lower-carbon fuels and shipping portfolio.
Zambia slashes fuel prices by 17% as Middle East crisis eases
Zambia has reduced the retail price of fuel by between 3% and 17%, citing an easing of oil costs on the global market and a strengthening local currency, the kwacha.
China remains sole buyer of Iranian crude, US Treasury says
US Treasury Secretary Scott Bessent said that China was the only buyer of Iranian crude oil, with other countries holding back because of concerns that Washington could reimpose sanctions.
India extends zero duty window on petrochemical imports
The brief extension is designed to allow downstream industries a structured adjustment period rather than an abrupt withdrawal of duty relief
Pakistan sets up petroleum price stabilisation fund to cushion fuel price shocks
Pakistan's federal government has established a Petroleum Price Stabilisation Fund to help manage volatility in fuel prices and reduce the impact of fluctuations in global oil markets on consumers.
Kabul fuel prices surge as petrol rises nearly 14%
Fuel prices have risen sharply in Kabul in recent days, with the price of petrol increasing from AFN66 ($1.03) to AFN75 per litre, a rise of nearly 14%.
Thai farmers fear LNG plant will worsen water shortages
Farmers in eastern Thailand fear a planned liquefied natural gas (LNG) power plant will deepen water shortages and threaten their livelihoods.
London-listed Sunda mulls options for gas-targeting well off Timor-Leste
Sunda Energy is evaluating options for the planned Chuditch-2 appraisal well offshore Timor-Leste after holding talks with the country’s upstream regulator and its state-owned joint venture partner.
TotalEnergies, Petronas kick off $100-200m oil and gas exploration campaign in Papua New Guinea
France’s TotalEnergies and Malaysia’s Petronas have started a $100-200mn offshore oil and gas exploration campaign in Papua New Guinea, marking the country’s first ultra-deepwater exploration well.
Energy statistics show we remain an overwhelmingly fossil fuel-based world
Renewables are growing fast, but oil and gas by far still dominate the global energy system.
Iranian crude option re-emerges for Pakistan
Industry executives say refineries in the country remain technically capable of processing Iranian crude. However, commercial and operational hurdles to this being a profitable undertaking continue to limit its attractiveness.
Iran could regain four key Asian oil markets if US sanctions lifted
Iran could once again rely on four major Asian markets, China, India, Japan and South Korea, for its crude oil exports if banking sanctions are lifted, a former senior official at the National Iranian Oil Co. (NIOC) said.
South Korea cuts oil alert as markets stabilise
South Korea will lower its resource security crisis warning for crude oil by one step to Level 2, Vice Industry Minister Moon Shin-hak announced on June 30.
India lifts temporary fuel sale restrictions as supply situation stabilises
India will withdraw temporary restrictions on the sale and distribution of petrol and diesel from July 1 after authorities determined that fuel supplies have normalised following disruptions linked to the West Asia crisis.
Petrovietnam co-op talks with US Nebula Energy on LNG, energy storage, AI and digitalisation
The discussions come as Petrovietnam continues its transition into Vietnam’s National Industry and Energy Group, with the company seeking to strengthen its role across the country’s energy system.
Indonesia launches mini-LNG plant in East Java
The Sumber Aneka Gas plant is designed to produce LNG, CNG, LPG and condensate.
Santos signs supply deal for South Australia's strategic gas reserve
Australian oil company Santos has signed a gas sale agreement with the South Australian government to supply 200 PJ of domestic gas for the state’s strategic gas reserve over 10 years from 2030.
Pakistan weighs cheaper Iranian oil, gas imports after US eases sanctions
Energy-hungry Pakistan is considering increasing imports of cheaper oil and gas from neighbouring Iran after the United States temporarily lifted sanctions on Tehran, reopening the possibility of Iranian crude purchases under a 60-day waiver.
Indonesian energy ministry revises certain natural gas price rules
The Indonesian government has launched an emergency energy realignment, moving to secure industrial supply lines and stop structural layoffs across the manufacturing sector
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