AG&P aims to commission the Philippines' first liquefied natural gas (LNG) import terminal this December as part of the company’s strategy to operate five LNG regasification facilities across Asia by 2025.
An unprecedented energy crisis that’s gripping some of the most densely-populated and impoverished parts of South Asia may soon worsen as more fuel suppliers avoid selling oil to these nations.
Pakistan is facing an escalation of its power crisis after it failed to agree a deal for natural gas supply next month.
Thailand is curbing imports of liquefied natural gas (LNG) due to surging prices, potentially putting the country at risk of fuel shortages.
The sad story that follows is based on the authors' personal experience as a director on the board of Pakistan Petroleum Limited between September 2014 and October 2018. He thought it important to document the events that transpired during that time so that perhaps the Government of Pakistan will take note and take corrective action. Though the damage done is severe, there may yet be time to salvage the situation.
Pakistan said it is considering to sign a liquefied natural gas (LNG) purchase agreement with various countries including Russia as it seeks to secure supply and ease a crippling shortage.
For price-sensitive liquefied natural gas (LNG) buyers in Asia, now is not the time to build new LNG import terminals, according to the latest study from the Institute for Energy Economics and Financial Analysis (IEEFA).
Saipem and BW Offshore are among a host of companies that have been shamed for sending their vessels to the “infamous shipbreaking beaches of South Asia”.
Pakistan’s natural gas shortage is hurting its most important export industry, putting even more stress on an economy already struggling with accelerating inflation and a weakening currency.
Qatar, the world’s top supplier of liquefied natural gas (LNG), will invest in Pakistan’s next import terminal in a bid to support one of the fastest growing buyers of the super-chilled fuel.
China’s announcement at the United Nations General Assembly that it will no longer build any new coal-fired power plants abroad accelerates the energy transition in Asia’s emerging markets but also raises challenges, according to a new analysis by the IHS Markit Global Power and Renewables service.
Pakistan only started importing liquefied natural gas (LNG) six years ago, but its growing dependence on the super-chilled fuel is starting to turn into a nightmare.
Asian power demand is switching away from LNG and into oil burning, Rystad Energy has said, driven by high prices.
Surging US Henry Hub gas prices, as well as higher and extremely volatile global gas prices, offers a lesson for emerging markets that investment in gas importing, distribution and power production assets will lead to stranded assets and lost wealth, according to analysis from IEEFA.
A Pakistani group of companies has won Offshore Block 5, offshore Abu Dhabi, under its second bid round.
State-owned Pakistan State Oil, Pak-Arab Refinery and Pakistan LNG will receive a $4.5 billion loan to fund imports of crude, petroleum products, urea and LNG over 2021-2023.
South Asia, which includes India, Pakistan, Sri Lanka, and Bangladesh, is slowly following the rest of the world in the transition towards cleaner energy systems. The subtle shift opens potentially large market opportunities for energy service suppliers.
PGNiG has acquired a 25% interest in the Musakhel Block in central Pakistan, which the Polish state oil and gas producer estimates holds 16 billion cubic metres of gas resources.
Italy’s Eni has sold its Pakistan business to Prime International Oil & Gas Company as part of a plan to streamline its upstream portfolio to focus on strategic assets.
Qatar Petroleum (QP) has signed a deal to supply up to 3 million tonnes per year of LNG to Pakistan.
Pakistan's ministry of petroleum has said authorities are ending offshore drilling off the Karachi coast in the Arabian Sea after no reservoirs of oil or gas were found.
UK-based Premier Oil has completed the sale of its Pakistan business. Premier has divested Premier Oil Pakistan Holdings to Al-Haj Energy for £50 million. It follows the receipt of necessary approvals and finalisation of working capital adjustments.
Saudi Arabia’s Crown Prince Mohammed bin Salman said his country signed so-called memorandums of understanding worth $20 billion of investment in Pakistan.
akistan said it saved more than $600 million over the first 10 years of a natural gas supply deal by pitting some of the world’s biggest sellers against each other.
The death toll from an oil tanker fire in Pakistan has risen to 153, with dozens more in a critical condition, and the fatalities are expected to increase.