Page 1 - AsianOil Week 17 2022
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Issue 817 29•April•2022 Week 17
E&P exodus
Petronas and PTTEP have announced their withdrawal from Myanmar’s
Yetagun field, though PTTEP will continue to participate in other projects.
Imports up
India’s crude oil imports have soared between April 2021 and March 2022
compared with the same period of 2020-21.
FLNG partnership
Petronas and Sabah Oil & Gas Development Corp. have signed an MoU on
the development of a nearshore floating LNG facility in Malaysia.
Demand down
Demand for oil in China is forecast to drop at rates not seen since the first
waves of the COVID-19 pandemic swept over the country two years ago.