Asia/Pacific
HP Impact: Global oil flows shift from West to East
By 2020, crude oil trade flows west of Suez will drop by 4.2 MM bpd, while crude flows east of Suez will rise by 4.7 MM bpd (Fig. 1), according to a recently published report from ESAI Energy. The pri..
US LNG exports to help Asian buyers, threaten Australian producers
Gas buyers in Japan and Korea are expected to benefit most from potential LNG exports, while Australian producers and European wholesalers could be under pressure.
Chinese drivers pushing up gasoline consumption as diesel use plateaus
Gasoline is gaining market share as more Chinese buy private vehicles, which mostly run on gasoline. Diesel-fueled cars are a rarity in China, as government policy has often discouraged diesel use for private transportation. Gasoline consumption growth has gradually eclipsed diesel's in recent years.
Woodside to study Shell floating LNG technology
In a statement, Woodside CEO Peter Coleman said he now agreed that floating LNG could be the quickest way to develop Browse, which contains an estimated 15.5 trillion cubic feet of natural gas. Shell says its floating LNG technology is the fastest and most economic way to develop Browse.
CB&I licenses process technology for new China acid alkylation project
The alkylation unit, the first of its kind in China, will use the AlkyClean process technology partnered by CB&I's technology operating group, Albemarle and Neste Oil. It is expected to be capable of producing 100,000 tpy of alkylate. The project is scheduled for startup in early 2014.
MAN to supply compressor technology for Chinese synthetic fuels project
The site of the project is Yinchuan in the Ningxia region, where air separation plants are being built under the management of Linde and Hangyang for one of the world’s largest coal liquefaction production plants. The turbomachinery ordered will be used in one of the air separation plants.
India's Petronet agrees to 20-year deal to buy LNG from US company United
India's natural gas importers are fast sealing deals to secure supplies as demand far exceeds domestic output. The nation currently produces about three-quarters of its natural-gas requirements, but will need to import nearly half of its requirements within a few years due to dwindling production.
Shell, ONGC discuss Indian oil, gas opportunities
Executives at ONGC said they were in the process of agreeing to a long-term alliance with Shell to jointly explore oil and gas production. In India, Shell currently has a small retail presence and is involved in developing a liquefied natural gas import and regasification terminal at Kakinada in Andhra Pradesh.
China successfully tests first flight using Sinopec's new aviation biofuel
A China Eastern Airlines Corp. passenger airplane took off from an airport in Shanghai and traveled for about 90 minutes using the fuel, which is made from palm oil and restaurant oil, Sinopec said in a news release. Sinopec added that the fuel was certified by the Civil Aviation Administration of China.
Woodside sees high demand for spot LNG cargoes
Woodside Petroleum CEO Peter Coleman doesn't see any major softening in LNG demand as buyers anticipate future supply increases from North America and East Africa. Demand for LNG is "very strong, particularly for spot cargoes and we expect that demand to maintain strength [in coming years]," he said.
- IHI, Vopak to launch ammonia terminal project in Japan 7/11
- India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August 7/11
- Soaring electric truck sales deal new blow to diesel use in China 7/11
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
