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Watershed year in Asia

Nuclear sabre-rattling shook Asia's security foundations, but 2017 heralded breakthroughs for EVs and LNG

Parts of Asia felt like a tinderbox ready to light for much of 2017. North Korea's Kim Jong-un grabbed the world's attention with a series of muscle-flexing nuclear and missile tests. The US, under its neophyte leader Donald Trump, was all too eager to engage in the tit-for-tat one-upmanship, culminating in a mission that saw American bombers buzz the DMZ for the first time since the 1950s. Most unsettling was the bombastic war of words between Kim and Trump, which seemed to push the peninsula perilously close to another war. Meanwhile, China continued pushing its spurious claims over the vast majority of the oil-and-gas-rich South China Sea, agitating relations with Japan, Vietnam, the Phil

Also in this section
China’s new oil position
26 February 2026
OPEC, upstream investors and refiners all face strategic shifts now the Asian behemoth is no longer the main engine of global oil demand growth
The AI industry’s coming dominance of oil and gas
25 February 2026
Tech giants rather than oil majors could soon upend hydrocarbon markets, starting with North America
HPI Market Data Book 2026: Global construction – Americas
25 February 2026
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
HPI Market Data Book 2026: Global construction – Asia-Pacific
25 February 2026
The surge in demand for fuel and petrochemical products in Asia has led to significant expansion in refining and petrochemicals capacities, with India and China leading the way

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