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Azerbajians SOCAR Trading has begun liquefied natural gas (LNG) trading in Singapore to capture growing demand in Asia, its chief executive said.

CPC Corporations subsidiary, OPIC Australia, has bought a 10% stake on Carnarvon Energy’s Bedout assets which includes the Dorado project.

Governments across Asia are formulating strategic natural gas reserve policies, building new terminals and storage tanks as buffers against supply disruptions following last years energy crisis that sent global prices soaring to a record.

SINGAPORE/TOKYO, July 20 (Reuters) - Governments across Asia are formulating strategic natural gas reserve policies, building new terminals and storage tanks as buffers against supply disruptions following last years energy crisis that sent global prices soaring to a record.

The Japanese firm has been awarded Feed and technical consulting service for the Phase-4 expansion project of Taichung LNG receiving terminal in Taiwan. [Image: Osaka Gas]

CPC had in 2019 announced the plan to develop an LNG import terminal near an algal reef off the coast of Datan.

CPC Corp, Taiwan (CPC, 中油) yesterday said it had signed an agreement with Genel Energy PLC to secure 49 percent working interest of the SL10B13 block in Somaliland. OPIC Somaliland Corp (OSC) would explore the oilfield and all of OPIC’s capital investment would come from CPC, the Taiwanese firm said. The state-run refiner declined to disclose financial terms, but CPC spokesman Chang Ray-chung (張瑞宗) said that this is the biggest oilfield exploration deal it has been part of in terms o...

CPC Corp, Formosa end six weeks of gasoline price hikes REBOUND HOPES: Oil prices rose after OPEC and its allies agreed to phase out production limits, and an economic recovery in China picked up speed By Chen Cheng-hui / Staff reporter CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) yesterday announced that they would keep gasoline prices unchanged this week, ending six consecutive weeks of hikes. However, the co...

CPC Corp and Formosa to raise fuel prices for the eighth week in a row By Chen Cheng-hui / Staff reporter CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) yesterday announced that they would increase gasoline and diesel prices for an eighth consecutive week, effective today. CPC said that it would raise gasoline prices by NT$0.3 per liter to NT$25, NT$26.5 and NT$28.5 for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel would increase...