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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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Vietnam backs gas as the power source of the immediate future
Hanoi has signalled its intent to more than quadruple its existing gas interests by the end of the decade. To do so would guarantee cover for 15% of the nation’s existing energy demand.
Pakistan-Iran gas pipeline issue remains on the table amid looming fine
The testy issue of the long-delayed Pakistan-Iran gas pipeline remains on the table in Pakistan, where the country faces fines amounting to billions of dollars if it does not complete its side of the project and begin taking delivery of Iranian gas.
Russia makes progress on Far Eastern gas supply project to China
Russia appears to be finally headway on finalising plans for a third gas pipeline to China that would run from the Far East, providing a means of monetising unused gas at fields off the east coast of Sakhalin Island.
Kazakhstan’s KMG and Qazaqgaz sign memoranda of cooperation with major Chinese oil firms
Xi presents grand development plan for Central Asia
Some observers conclude, however, that the big event produced lots of rhetoric and little action.
Chinese oil and gas purchases continue to counter dollar influence
Beijing is now reported to be paying for almost all of its oil and gas imports, and a sizeable amount of its coal orders, in its own currency, the Chinese yuan.
India’s ONGC makes ‘remarkable’ discoveries offshore Mumbai
India’s state-run Oil and Natural Gas Corp. (ONGC) has announced the discovery of two oil and gas fields in the Arabian Sea offshore Mumbai, with a company official calling the discoveries “remarkable.”
Production at Shell’s Prelude suspended yet again
Shell has again suspended production at its massive floating LNG vessel Prelude anchored in the Browse Basin off the western coast of Australia. The Prelude, the world’s largest FLNG vessel, came into operation in 2019 with a capacity of 3.6mn tpy.
Papua New Guinea keeps the door ajar for Australian LNG investment
Kumul Petroleum Holdings (KPH) in Papua New Guinea (PNG), the nation’s state-owned oil and gas company, has extended to the end of August the period Santos can sign a deal to claim a 5% share of PNG LNG.
South Korea commissions ground-breaking LNG bunkering vessel
South Korea has commissioned a domestically designed LNG bunkering vessel employing a locally produced containment system, the results of an almost 20-year effort to this end.
Kazakhstan and Russia extend agreement to transport 10mn tonnes of Russian crude to China
Developer provides update on UAE-India pipeline
The plan involves the development of a subsea pipe, running around 1,300 km to connect gas resources in the UAE and Oman to Gujarat in western India. It would be laid at a water depth of around 3,400 metres.
EU takes aim at Indian fuel supplies produced from Russian oil
EU foreign policy chief Josep Borrell has urged the bloc to prevent India from reselling Russian oil to Europe as refined fuel, including diesel, in an interview with the Financial Times on May 16.
Russia, Mongolia declare progress on Soyuz Vostok feasibility study
Russia’s Gazprom announced last week that design and survey works for the Soyuz Vostok gas pipeline running through Mongolia to China was nearing completion, stressing the progress that the project has made.
Mystery fleet transports at least 83mn barrels of Russian crude to India
Two years ago, Gatik Ship Management (GSM) was an unknown shipping firm in India with just two small chemical tankers valued at $100,000 on its company manifest. Today, although the firm remains unknown, it now owns a fleet of 58 vessels.
Indian LPG import terminal to see major investment
Just weeks after the Dhamra LNG terminal on India’s eastern seaboard was commissioned, plans have been announced to boost capacity handling at another import gas gateway on the west coast.
China boosts 1Q offshore oil and gas output
Oil and gas production from China’s offshore assets rose during the first quarter of 2023, news agency Xinhua has reported. Offshore oil output increased by 3.8% and natural gas rose by 6.5%.
Uzma lands Valeura deal for Gulf of Thailand project
Malaysia-based energy industry services firm Uzma has landed a contract with oil firm Valeura Energy through its subsidiary MMSVS in Thailand. The contract, spanning three years, involves the provision of coil tubing equipment and services.
Hyundai bags LPG carrier order from UK-based shipping firm
Korean industrial heavyweight Hyundai have bagged an order placed by the UK-based shipping firm Purus Marine for four medium-sized LPG carriers. Reports indicate that all of the 45,000 cubic metre capacity carriers will be ammonia-ready at delivery.
Korea Maritime Industries seeks to block foreign sale of Hyundai LNG Shipping
The proposed sale of South Korea’s Hyundai LNG Shipping to a foreign company has sparked concerns among South Korea’s maritime industry over the nation’s energy security.
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