Tag Archives: East Asia

Resource-pour Japan relies heavily on imports of oil from the Middle East.

The moves by the two top buyers of Iranian crude indicate that Iran may not be fully cut off from global oil markets from November.

Tokyo has asked Washington to exempt Japan from the embargo.

Iran is also awaiting European guarantees on the sale of Iranian oil and banking relations.

LNG is playing an increasingly important role in China'.s energy security.

U.S. prices have been supported by a drop in crude inventories.

As the US sanctions on Iran'.s oil are booming. Washington sent two officials to satisfy China to cut off oil imports from Iran.

Chinese companies have invested in Iraq. the United Arab Emirates and Iran in recent years.

Production capacities of small-scale LNG plants vary from 2.000 to 500.000 tons a year.

Over the next seven year the government plans to build another 11 terminals which would raise India’s LNG import capacity.