China has a refining capacity of 13.1 mb/d, i.e. 2.5 times as high as in 2000 (5.4 mb/d).

The deals were signed at the Indo-Pacific Business Forum in Hanoi on Oct. 28 amid US Secretary of State Mike Pompeo's two-day visit to Vietnam Oct. 29-30 at the invitation of his Vietnamese counterpart,

In May 2020, South Korea unveiled a long-term energy plan (basic energy policy for the years 2020-2034) shifting from thermal and nuclear power generation to renewable energies

With coal delivering to India for less than $3/MMBtu, the price is still more competitive than LNG,

ExxonMobil predicts that, by 2030, China’s LNG imports will “probably exceed” 90mn t/yr—50pc growth even from 2019.

With India’s growing gas demand outstripping domestic production, LNG is playing an increasingly important role.

Crude oil is considered a key product to complete China's annual energy purchase commitments due to the commodity's typically higher value and volume compared with other energy products.

Gas accounts for little over 6pc of India’s primary energy consumption mix, which is far below the global average. New Delhi has set a target to raise this to 15pc by 2030,

Your Excellency, Prime Minister Modi, OPEC is a reliable partner of India and the great strategy you set out for your esteemed country. Long may this relationship continue to blossom.

The US was the fifth-largest supplier of LNG to India in 2019, according to the Department of Energy.

Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020,

Japan’s previous objective was to become carbon neutral after 2050.

CNOOC’s hydrocarbon output increased from 475 mboe in 2018 to 506.5 mboe in 2019 (+6.6%).

The average LNG price for December delivery into northeast Asia LNG-AS was estimated at about $6.90 per million British thermal units (mmBtu), jumping $1.10 from the previous week.

The Asia and Pacific region is also starting to recover tentatively, but at multiple speeds. Economic activity is expected to contract by −2.2 percent in 2020, due to a sharper-than-expected downturn in key emerging markets, and to grow by 6.9 percent in 2021—0.6 percentage point lower and 0.3 percentage point higher, respectively,