AsianOil - Asia Oil & Gas

Santos-backed GLNG seeks exemption for extended LNG contracts under Australian gas reservation scheme

The Santos-led Gladstone LNG project in Queensland is pressing the Australian government to protect existing LNG export contracts, including extension options, under its proposed domestic gas reservation scheme.

Tokyo Gas acquires AGP to expand LNG network in Indonesia

Japan's Tokyo Gas (TYO: 9531) has acquired all shares in PT AGP Indonesia Utama, a developer of liquefied natural gas (LNG) infrastructure, as it moves to set up an inter-island LNG supply chain in eastern Indonesia.

South Korea denies fuel exports to Russia cleared customs

South Korea said customs records show no exports of commercial petroleum products to Russia, rejecting reports that its ports had supplied diesel to the Russian Far East.

Bangladesh approves $3.3bn non-concessional loans for energy

Bangladesh has approved $3.3bn in non-concessional foreign borrowing to pay for fuel oil and liquefied natural gas (LNG) imports and to upgrade its electricity distribution network.

Malaysia inspects Kedah petrol stations over water in fuel

Malaysian authorities inspected 11 petrol stations in the northern state of Kedah after motorists complained that fuel sold there had been mixed with water.

Pakistan extends fuel subsidies to 9mn low-income motorists

Pakistan has given fuel subsidies to more than 9mn low-income people as the war between the US and Iran pushes up energy costs.

India’s BPCL plans $3bn bond for Brazil oil project

MISC names Th'ailib LNG carrier

Malaysia’s MISC Group has named its latest LNG carrier, Th'ailib, at a Samsung Heavy Industries shipyard in South Korea.

South Korean officials say no agreement yet on Alaska LNG investment despite Trump announcement

South Korean officials warned this week that their country had not yet committed to investing in the proposed Alaska LNG project.

China's Xinjiang desert oilfield hits 26mn tonnes output

China's largest desert oilfield has produced more than 26mn tonnes of oil and gas from reservoirs lying over 6,000 metres underground, state oil company China National Petroleum Corporation (CNPC) said.

IMF urges Sri Lanka to keep fuel prices market-linked

The International Monetary Fund has told Sri Lanka to let domestic fuel prices move with international prices and keep cost-recovery energy pricing as the war in the Middle East drags on.

Norwegian shipbuilder Vard opens new engineering centre in Vietnam

Norwegian shipbuilder Vard, part of Italy’s Fincantieri, has opened a new design and engineering centre in Ho Chi Minh City, Vietnam, as it expands its technical workforce in Asia.

UAE’s ADNOC deepens Thai LNG push with Gulf Group supply deal

The deal covers 2mn tonnes of LNG.

Singapore’s Seatrium wins ninth Karpowership FSRU conversion

Singapore’s Seatrium has secured a contract from Karpowership to convert the LNG carrier LNGT Akdeniz into a floating storage and regasification unit (FSRU), marking the ninth such project between the companies.

JERA creates dedicated oil storage arm as Japan strengthens reserves management

Japan’s JERA has established a dedicated subsidiary to manage its national oil stockpiling operations, months after Tokyo tapped emergency reserves in response to disruption to Middle Eastern crude supplies.

South Korea's Saudi crude oil import share falls below 30%

Saudi Arabia's share of South Korea's crude oil imports fell below 30% for the first time in five years.

Vietnam's Nghi Son refinery posts first profit since 2018

Vietnam's Nghi Son Refinery and Petrochemical (NSRP) earned after-tax profit of nearly VND14tn ($530mn) in the first eight months of 2026.

African fuel importers face tighter Asian supply as China halts October exports, Brent tops $100

African fuel importers face tighter supply after Chinese refiners suspended oil product exports for October and Brent crude rose back above $100 a barrel

Gas Malaysia eyes 2026 decision on Kedah LNG terminal

Gas Malaysia Bhd (KL:GASMSIA) plans to take a final investment decision on its first regasification terminal in the second half of next year, with start-up targeted for the end of 2030.

Indonesia's energy minister gains downstreaming coordinator role

President Prabowo Subianto has handed Energy and Mineral Resources Minister Bahlil Lahadalia a second post as coordinating minister for downstreaming and energy transition

Vietnam extends petroleum tax exemptions through December

Vietnam will keep several fuel-related taxes at zero through December as it moves to support energy security and contain domestic prices.

Amplitude Energy takes FID on Australian East Coast gas project

Australia’s Amplitude Energy has taken an FID on its East Coast Supply Project in Victoria’s offshore Otway Basin, targeting first gas in 2028 and gross production of up to 90 TJ per day.

Key Thailand-Malaysia gas pipeline shut after inspection identifies fault

Trans Thai-Malaysia Ltd., a 50:50 joint venture between Thailand’s PTT and Malaysia’s Petronas, has temporarily shut the Songkhla export pipeline after identifying an unspecified problem during a routine inspection.

Brazilian oil firm’s Petrobras P-80 FPSO leaves Singapore for Búzios field

Brazilian oil giant Petrobras said on September 30 its P-80 FPSO left Singapore that day for Brazil’s giant Búzios pre-salt oilfield, where it is scheduled to start production in 2027.

Japan’s INPEX takes 50% stakes in BP’s Agung exploration blocks off Indonesia

Japan’s INPEX has acquired 50% interests in the Agung I and Agung II exploration blocks offshore eastern Java from BP, expanding its exploration position in one of Indonesia’s prospective gas regions.