Repsol being forced to halt development of Ca Rong Do and Chinese NOCs gas project sanctions lead Asia-Pacific upstream in March. Surging gas demand on the back of Beijing's push for coal-to gas switching have led to Chinese NOCs prioritising gas projects. The Chinese NOCs are also increasing dividends. In Malaysia, Mubadala sanctioned the Pegaga gas development. In New Zealand, OMV took over Shell's assets, making the country a core area for OMV in the region.