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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)
Petronet LNG initiates east coast expansion with Gopalpur Port terminal
In a somewhat surprising move aimed at bolstering its presence on India's east coast, Petronet LNG Limited, one of India's leading LNG importers, has inked pivotal agreements to establish its first LNG terminal in the region
Saudi Aramco intensifies expansion in China
In a significant move to strengthen its presence in China, Saudi energy behemoth Aramco, the world's largest integrated oil and gas company, is set to increase its investments in the Chinese market
Iran's demand for higher prices disrupts oil trade with China
The global oil market is facing heightened tension as Iran, a key supplier to China, the world's largest crude importer, halts its oil shipments while demanding higher prices
Indonesia’s Upstream Oil and Gas Regulatory Special Task Force collaborates with TIS Petroleum to commercialise gas with CO2 content
The Upstream Oil and Gas Regulatory Special Task Force has partnered with TIS Petroleum E&P Blora Pte. Ltd., a contract partner, to conclude the Early Production Facility project in the RBG Block-I within the Blora Working Area, East Java
Spot LNG prices fall amid high storage levels
Spot LNG prices have tumbled amid high gas inventory levels in Europe and Asia, which have weakened demand for cargoes of the super-chilled fuel.
India greenlights hydrocarbon partnership with Guyana
Indian refiners seek additional Saudi oil imports after sharp price cut
Indian state refiners, including Indian Oil Corporation and Bharat Petroleum Corporation, are actively exploring increased imports of Saudi crude oil
Pakistan as a beneficiary as LNG spot price index drops
LNG futures trade volumes rise in 2023, reach record level in fourth quarter
The volume of LNG futures trades on financial exchanges climbed by more than 12% in 2023 compared to 2022 according to data from exchanges and brokers.
India's GAIL and Vitol Asia sign 1mn tonnes per year LNG supply contract
India's state gas company GAIL and commodity trader Vitol Asia have inked a long-term LNG deal spanning approximately 1mn tonnes per year for a tenure of about 10 years
India eyes strategic gas storage reserve
The Indian government is considering the establishment of a strategic gas reserve to address the volatility in natural gas prices and reduce dependence on imports
Record LNG imports in Asia as prices drop, China leads surge
In an unprecedented development, Asia's imports of LNG soared to a historical peak in December
Iranian commerce chief dismisses crude sales disruption to China
The head of the Iran-China Joint Chamber of Commerce rejected as “fabrication” a media report that Tehran had withheld oil exports to Beijing, demanding higher prices for the discounted supply from its top client.
Russian November oil price for India hit 12-month high
In November 2023, India paid an average of $85.42 per barrel for Russian oil, marking the highest figure since the Group of Seven advanced economies enforced a price cap of $60 per barrel
Costly LNG, slow progress threaten Vietnam's gas power ambitions
Vietnam's ambitious plans to increase its dependence on LNG for power generation are facing significant challenges, raising concerns about achieving the set targets
China regains top LNG importer position in 2023
China has regained top position as the world’s largest importer of LNG in 2023. Shipments of the super-chilled fuel climbed 12% last year to reach close to 71mn tonnes.
India’s GAIL to purchase LNG from Vitol under 10-year deal
India’s state-run natural gas company GAIL signed a 10-year LNG purchase deal with Swiss-based commodities trader Vitol on January 5. The deal will see GAIL buy about 1mn tonnes per year of the super-cooled gas, beginning in 2026.
Iranian oil flow to China halted over price row
Iran’s oil trade with China has stalled as Tehran withholds shipments and demands higher prices from its top customer, refinery and trade sources said.
Indonesia seeks new partner to replace Russian firm Zarubezhneft for Tuna Block’s gas project
Indonesia aims to replace sanctioned Russian firm Zarubezhneft in the gas-rich Tuna Block this year
Indonesia’s Upstream Oil and Gas Regulatory Task Force and Premier Oil Andaman launch Gayo-1 well drilling
The Upstream Oil and Gas Regulatory Task Force in collaboration with Premier Oil Andaman Ltd, commenced drilling activities for the Gayo-1 well exploration in the Andaman II Working Area
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