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Asia
UAE is the Official Host for COP28 in 2023
Confirmation followed unanimous endorsement by the Asia Pacific Group of nations during COP26, where nearly 200 countries have gathered to take concerted action…
Energy Transition
Japan Pledges $10bn to Support Energy Transition in Asia
Two days after scoring a surprisingly robust general election victory, Japanese Prime Minister Fumio Kishida promised up to $10 billion in additional climate fi…
Energy Investment
KKR Invests $2bn in South Korean Energy Company SK E&S
Global investment firm KKR has invested KRW2.4trn, on behalf of its Asia Pacific infrastructure fund in South Korean energy company SK E&S.
Asia to Drive Global Demand for Energy by 2023
Demand will plateau, growing at a rate of 2.2% beyond 2023
Oil Price
Mideast Gulf Gasoline Premium at More Than Decade High
The Mideast Gulf gasoline premium rallied to a more than ten-year high, on the back of strength in the Asian gasoline market and unplanned refinery outages east…
CCS
ExxonMobil Eyes Building CCS Hubs in Southeast Asia
ExxonMobil is looking to build carbon dioxide capture hubs in some of southeast Asia's heavy industrial areas such as Singapore and connecting them to storage s…
Hydrogen Project
GEV Unveils 2.8GW Australian Project to Supply Green Hydrogen to Japan, Korea and Singapore
Developer unveils phased scheme that would turn islands in Timor Sea off Australia into 100,000 tonnes a year H2 shipping hub for south-east Asian market
Oil & Gas Trade
Asian LNG Traders Snap up U.S. Shale Gas
Asian liquefied natural gas traders are rushing to secure shipments from the U.S., where the fuel is among the cheapest in the world despite what’s turning int…
Natural Gas
Refiners Suffer From Record High Natural Gas Prices
Record natural gas prices in Europe and Asia are eroding oil refiner margins
China
Vestas to Combine Its China and Asia-Pacific Business Regions
The turbine manufacturer aims to allocate its resources most efficiently by combining the two business regions.
LNG
Pakistan Struggles To Find LNG Amid Gas Crisis
Pakistan is looking to buy liquefied natural gas for the winter, but it couldn’t find any sellers in a recent tender, which highlights the fact that the natura…
Coal Trade
US, Canada Coking Coal Exports Shift Towards Asia
US and Canadian coking coal exports to China and India rose in August, while Atlantic buyers turned to Australian cargoes at lower prices.
Crude Oil
Saudi Arabia To Ship Extra Crude Oil To Asia In November
The world’s largest oil exporter, Saudi Arabia, will ship additional volumes of crude to at least three refiners in Asia in November
Hydrogen Project
SK E&S and Plug Power Form Joint Venture
SK E&S and Plug Power have signed a joint venture contract for joint business in the Asian hydrogen market. Their stakes in the joint venture are 51 percent and…
Coal Production
Asia-Pacific Coal Shortages Boost NE Asian Prices
The South Korean coal market extended gains this week on the back of spiralling global seaborne prices and tight availability exacerbated by heavy rainfall acro…
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