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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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So long priced out of LNG markets, developing Asia is starting to make its mark
Few energy watchers in Asia would have predicted that just over a year later Sri Lanka would be just one of an ever increasing number of developing economies turning to LNG to guarantee energy security in the years ahead.
Demand for oil in China continues to climb, records broken afresh
Just weeks after China’s oil demand broke the 15mn barrel per day mark in March, it has now smashed through the 16mn bpd mark – an all-time high for the country and according to reports, around 387,000 bpd up on the same quarter last year.
Woodside: Gas release at Pluto LNG ‘not a major incident’
A release of gas from the flare tower at the Pluto LNG project in Western Australia on May 26 was not a major incident, according to Woodside Petroleum, the operator of the Pluto project, Upstream reports.
Philippines faces power price hikes as companies switch to LNG
Filipino consumers are expected to face rising electricity costs as power companies begin to switch from natural gas drawn from the Malampaya gas field to imported LNG, which will subject the country to the vagaries of the international market.
QatarEnergy to sign 15-year LNG supply agreement with Bangladesh
State-owned petroleum company QatarEnergy will sign a long-term deal to supply LNG to Bangladesh’s Petrobangla, Nath Sarker Petrobangla’s Chairman told Reuters on May 30.
Gorgon CCS operating at one-third capacity, says Chevron Australia
One of the world’s largest carbon capture and storage facilities, Chevron’s Gorgon CCS project on Barrow Island off the north-western coast of Western Australia, is falling far below the performance that was promised.
Kazakhstan looks to China to diversify oil export routes
Kazakhstan is continuing its push to diversify its oil export routes, with its national oil company KazMunayGas (KMG) entering into talks with China’s CNPC on expanding two oil pipelines linking the two countries.
Oil output at Russia's Sakhalin-1 project restored close to pre-war level, says India's OVL
Crude oil production at the Sakhalin-1 project in the Russian Far East has been restored to its pre-war plateau level of 200,000 barrels per day, one of its shareholders, ONGC Videsh Ltd (OVL), has reported.
India, China among top destinations for dirty Russian oil products
The Asian market remains the main destination for Russian vacuum gasoil (VGO) and fuel oil, as Russian producers have diverted shipments away from Europe since the EU placed an embargo on Russian petroleum products.
APPEA hails Australia's opening up of areas for CCUS exploration
The Australian Petroleum Production & Exploration Association (APPEA) hailed last week the recent opening up of new areas of Australia for the exploration of potential carbon capture, utilisation and storage sites.
South China Sea tensions rise as Chinese vessels remain in Vietnam's EEZ
A Chinese research ship and five escort vessels remained in Vietnam’s exclusive economic zone on May 26 near fields operated by Russian companies in the South China Sea, despite the government in Hanoi urging them to leave on the previous day.
Hibiscus drills Malaysia's longest well
Malaysia’s Hibiscus Petroleum announced this week that it had drilled the country’s longest well at the Bunga Orkid field in the northern part of the PM3 CCA production-sharing contract area.
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.
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