Page 1 - AsianOil Week 21 2022
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Issue 821 27•May•2022 Week 21
All change
Australia’s federal election has resulted in a change of government following
a victory by the Australian Labor Party.
Exploration budget
India’s Oil and Natural Gas Corp. has allocated an exploration capital
expenditure budget of INR310bn ($4bn) for the 2022-25 fiscal years.
Performance issues
Chinese spending on Russian crude oil, natural gas and coal jumped by more
than 75% year on year to $6.42bn in April, new data show.
Offtake agreements
Two South Korean companies signed sale and purchase agreements this
week to buy LNG from international sellers.
