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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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PetroVietnam and AES receive approval for Son My Terminal
US energy company AES and state-owned oil and gas firm PetroVietnam have been granted approval from Binh Thuan Province in the country’s southern region to proceed with construction of the Son My LNG Terminal.
Indian Oil signs long-term LNG import deals with ADNOC and TotalEnergies
India’s largest refiner Indian Oil Corp reached agreement on two long-term LNG import deals last week during Prime Minister Narendra Modi’s visits to France and the United Arab Emirates (UAE), Reuters reported on July 17.
Hong Kong offshore LNG terminal commences operation
Hong Kong’s new offshore LNG terminal has begun operations after receiving its first shipment of 139,000 cubic metres of the super-chilled fuel Offshore Energy reported on July 17.
EU claims of New Delhi acting as a Russian middleman shrugged off in India
EU officials say bloc needs to crack down on what is essentially the reprocessing and selling on of sanctioned Russian crude oil by New Delhi.
Russian crude hits a 7-month high for China, output cuts beckon
News that caused more than a few ripples across the Chinese language business papers last week is still sinking in in Beijing, as prices for Russian ESPO crude imports hit a 7-month high earlier in the month.
Myanmar military target national oil and gas firm MOGE
General Min Aung Hlaing's is looking to impose secretive operational restrictions on the state-owned MOGE (Myanmar Oil and Gas Enterprise) and a number of senior executives have been arrested and others reportedly sent for questioning.
Philippine Supreme Court nullifies South China Sea agreement
The Philippines Supreme Court this week reaffirmed a January 10 decision regarding a 2005 accord struck with China and Vietnam covering joint exploration within Philippine territorial waters. The court found the agreement void and unconstitutional.
Gas supply code hits some nerves in Australia
The Australian government of Anthony Albanese put the mandatory Gas Code of Conduct into Law last week in an effort to ensure gas supply at reasonable prices for domestic consumers.
Urals price hits $60 price cap level for first time
The value of Russia's key Urals crude export grade has hit $60/b for the first time since the US-led G7 coalition rolled out its price cap on Moscow's oil. This will pose a challenge for Europe’s shipping industry.
PetroVietnam receives first shipment of LNG
The Maran Gas Achilles transport vessel arrived in the terminal wharf on 10 July laden with 70,000 tonnes of LNG that will be used for a trial run of the new terminal. The LNG was loaded at Bontang, Indonesia.
Thailand in negotiations with Qatar for long-term LNG supplies
The possibility of Thailand securing a small-scale contract from the world’s leading exporter, QatarEnergy, is, however, being seen as a possible lead into future discussions on increased imports,
India’s largest fuel retailer to take lead in green hydrogen production
The director of Indian Oil Corporation’s research and development (R&D) division, SSV Ramakumar, has said that his firm aims to convert a full 50% of hydrogen used by the firm to green hydrogen by the end of the decade.
Confronted with rising debt, Bangladesh finances oil imports with ITFC loan
BPC finance director Kazi Mohammed Mozammel Haque said the financing agreement would be in effect from July this year to June 2024. “Under this financing agreement we will take a loan of $1.4bn, mainly to import crude oil,” he told Saudi media.
Japan looks to Qatar for LNG in effort to diversify supply
Facing growing energy security concerns, Japanese natural gas buyers are in talks on new LNG supply contracts with Qatar. With Qatar increasing output, a handful of Japanese companies are seeking to secure long-term supply contracts.
Turkmenistan will continue seeking to boost gas exports to China
Turkmenistan’s Minister of Foreign Affairs Rashid Meredov has said that his country will continue working to boost natural gas exports to China.
Japan issues thinly veiled threat to Australia on LNG exports
The Japanese government has made what is being seen as a thinly veiled threat to authorities in Canberra on Tokyo’s future involvement in large-scale LNG exports from Australia.
Senex, EnergyAustralia strike deal on gas supplies from Atlas project
Senex Energy, majority-owned by Posco International, revealed on July 3 a conditional agreement with EnergyAustralia, a utility company, for the supply of 24 PJ of natural gas from its proposed Atlas expansion project in Queensland's Surat basin.
Malaysia foresees decline in hydrocarbon production in 2024
Petronas has forecast that its hydrocarbon production will peak at around 2mn boepd next year. Malaysia’s state-owned oil and gas company said it would remain committed to production in country, but was also seeking foreign assets.
Wood lands $250mn contract with Shell JV in Brunei
UK-based Wood has landed a contract extension valued at $250mn from Brunei Shell Petroleum (BSP), the Southeast Asian country’s largest energy producer, the company announced this week.
Thailand boosts output from Erawen gas field
The director-general of the Department of Mineral Fuels, Sarawut Kaewtathip, told media that PTTEP’s Energy Development report had said gas output from the Erawan field had risen from 210mn cubic feet per day to 400 mmcf per day.
Australian East Coast to enjoy surplus of gas supply in 2024
The Australian Competition & Consumer Commission (ACCC) confirmed last week in a report that the east coast gas market will enjoy a surplus of supply through to 2024, despite past fears.
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