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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)
Malaysian MP moots Petronas IPO
An MP from Subang has recently proposed the idea of a Petronas initial public offering, which could potentially raise a significant amount of capital to pay down government debt and invest in business expansion.
ONGC, TotalEnergies sign offshore deal
India’s state-owned Oil and Natural Gas Corp. (ONGC) has signed a memorandum of understanding with France’s TotalEnergies for the exploration of deepwater blocks off the Indian coast.
Korean shipping giant wins large-scale LNG carrier contract
It was revealed earlier in the month that South Korean shipping giant Korea Shipbuilding & Offshore Engineering (KSOE) had been awarded a large-scale shipbuilding contract by an as yet anonymous US ship owner-operator for a trio of LNG carriers.
Papua LNG project moves ahead to next stage
The Papua LNG project, Papua New Guinea’s second gas project moved ahead to its next stage with a fully integrated front-end engineering and design launched on March 7 by its joint venture partners Santos, TotalEnergies and ExxonMobil.
Australian LNG terminals export less in February as fears grow over short-term market intervention
2022 marked a banner year for LNG exports for Australia as the global leader shipped 10.7bn cubic feet per day of the super-chilled fuel, surpassing the US, which exported 10.6 bcf per day and Qatar, which sent 10.5 bcf per day abroad last year.
Aramco signs $6bn deal to support Korean firms in-Kingdom
Saudi Aramco has agreed a $6bn framework deal with the Export-Import Bank of Korea to assist South Korean companies in securing Saudi contracts. The three-year agreement was signed by Eximbank's head Yoon Hee-Sung and Aramco CFO Ziad Al-Murshed.
Gazprom unveils $3bn East Siberian LNG project
Gazprom plans to develop a $3bn mid-sized LNG export terminal in Eastern Siberia, as Russia scrambles to expand its liquefaction capacity following the loss of most of its European gas market share.
Japan pledges financial, tech support for ASEAN decarbonisation
Japan has pledged financial and technical support to other ASEAN nations as the region begins to shift away from fossil fuels and transition to cleaner energies.
Global energy sector emissions reach new high in 2022
Global energy-related CO2 emissions reached a new record in 2022 of 36.8bn tonnes, inching up 0.9% from the previous year’s level, the International Energy Agency reported last week.
China claims ship-to-ship bunkering record
China’s first domestically produced LNG bunkering vessel, the Hai Yang Shi You 301, has set a record as the largest ever vessel to achieve a successful ship-to-ship bunkering.
Australian methane emissions higher than reported, IEA data shows
Australian gas production and coal mines are emitting much greater amounts of methane that what has been reported by the government, according the latest data issued by the International Energy Agency (IEA) in its annual Global Methane Tracker.
ASEAN gas demand to double by 2050: GECF
The 10 Southeast Asian members of ASEAN are forecast to see a doubling in demand for natural gas by 2050, according a report delivered to a conference of the Gas Exporting Countries Forum (GECF) in Jakarta last week.
New Indian LNG terminal to start operations before summer
A long overdue LNG import terminal in India is now expected to begin operating by the summer. Tentative start dates for the plant coming properly online are currently mentioning mid-June.
Bangladesh to receive seven LNG cargoes in March
Bangladesh will import seven LNG cargoes valued at BDT40bn ($400mn), sources told The Financial Express. The increased deliveries of the super-chilled fuel come as the country has seen a rise in fuel demand from industries and power plants.
Essar unveils energy transition investment plans
India’s Essar Group has created a new division to focus on the energy transition, with projects in the UK set to play a leading role. The programme will entail a $2.4bn investment in the UK and a $1.2bn investment in India.
LONG READ: Russia abandons deceptively deep Baltic discounted prices for market prices in Asia
The discounts Russia is being forced to offer on its oil exports after twin sanctions were imposed look big, but thanks to huge changes in the market the real price Russia gets for its oil is much higher.
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