asia | Egypt Oil & Gas
Asia Needs $1 Tn in Annual Energy Investment for 15 Years, McKinsey Say
Asia is required to invest as much as $1 tn annually in energy over the next 15 years to strengthen energy security, as countries reassess their reliance on imported fuels following disruptions caused by the Iran war,...
Asian Refiners Shift to Smaller Tankers as Crude Shipping Costs Soar
Asian oil refiners are turning to smaller tankers, securing vessels through long-term charters, and buying Middle Eastern crude on a delivered basis to contain feedstock costs as oil shipping rates hover near record h...
Gulf Naphtha Flows to Asia Rise as UAE, Kuwait Use STS transfers
The UAE and Kuwait have sharply increased naphtha exports to Asia through ship-to-ship (STS) transfers outside the Strait of Hormuz, helping regional petrochemical producers restore operations, traders and analysts to...
Asian LNG Demand to Fall for Second Year Amid Gulf Supply Disruptions
Asian liquified natural gas (LNG) demand is estimated to fall by 3% to 10% from 2025 levels, with Northeast Asia accounting for most of the decline, before recovering in 2027, according to analysts reported by Reuters...
Global Supply Shocks Drive Record US Crude Exports
US crude oil exports surged to an all-time high of 5.6 million barrels per day (mmbbl/d) in May, as Asian and European refiners increased purchases to offset supply disruptions triggered by the war between the US and ...
SOMO Negotiates with Exxon for Storage Space in Singapore
The State Oil Marketing Organization (SOMO) revealed that it entered into negotiations with ExxonMobil seeking a deal for more storage space in Singapore, according to Iraq News Agency (INA). It added that the negotia...
Baker Hughes, Petronas Enter Agreement to Support Asia’s Energy Expansion, Transition
Baker Hughes and Petronas have signed a Memorandum of Understanding (MoU) to form a strategic partnership aimed at exploring business opportunities that could contribute to advancing Asia’s energy growth and transitio...
Canada Ships First LNG Cargo From LNG Canada Facility to South Korea
Canada has shipped its first liquefied natural gas (LNG) cargo from the LNG Canada facility in Kitimat, British Columbia, and en rout to South Korea. “LNG Canada grows our leading integrated gas portfolio, provi...
