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Japan's Mega Utility Merger to Boost LNG 'Buyer Power'
(Thursday, March 05, 2015) The combination of two Japanese utilities to form the world's biggest liquefied natural gas importer will give Asian buyers greater muscle to press producers for more flexible contracts and potentially deepen a new era of weaker prices.
China Tries to Ditch Its Coal Addiction, Reduce Energy Intensity
(Thursday, March 05, 2015) China will boost efforts this year to rid itself of a strong addiction to coal in a bid to reduce damaging pollution as well as cut the energy intensity of its economy, which is expected to grow at its lowest rate in 25 years.
Indonesia Expects 60% Increase in Gas Demand Over Next 5 Years
(Wednesday, March 04, 2015) Indonesia will need an additional 1,300 million standard cubic feet per day of gas supplies within 5 years, to meet forecast demand, an energy ministry official says.
EWC Expects Sengkang LNG Project in Sulawesi to Start-up Later This Year
(Wednesday, March 04, 2015) Energy World Corp. expects the Sengkang liquefied natural gas project in South Sulawesi, Indonesia to commence operations before the end of 2015.
S.Korea's Commercial Oil Storage Facility Fully Leased -Energy Ministry
(Tuesday, March 03, 2015) South Korea's energy ministry said on Tuesday the country's 8.2 million barrels of commercial oil storage facility has been fully leased, although actual storage is below 40 percent as of last month.
Japan's Maruzen Says Shuts Naphtha Cracker for Maintenance
(Tuesday, March 03, 2015) Japan's Maruzen Petrochemical Co said on Tuesday it had shut its 525,000 tonnes per year naphtha cracker in Chiba for maintenance.
China Merges Two-Tier Gas Pricing, Introduces More Market Elements
(Monday, March 02, 2015) China will end two-tier gas pricing, cutting wholesale natural gas prices for non-residential to track an oil market slump, and will introduce more market-oriented elements in future pricing of the cleaner burning fuel.
Report: China, North America to Drive Chemicals M&A in 2015
(Monday, March 02, 2015) Global Chemicals M&A deal value grew by 13 percent in 2014 and is expected to experience an increase in 2015, according to the fourth edition of the Chemicals Executive M&A Report by A. T. Kearney, a leading global management consulting firm.
South Korea Renews License of 2nd-oldest Nuclear Plant
(Friday, February 27, 2015) The South Korean nuclear regulator said Friday it renewed the operating license of the country's second-oldest nuclear power plant until 2022, overriding the objections of residents and anti-nuclear groups.
COLUMN-PetroChina, Sinopec Merger Makes Little Sense
(Friday, February 27, 2015) The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny.
China to Raise Retail Price of Gasoline and Diesel
(Friday, February 27, 2015) China will raise retail prices for gasoline by 390 yuan ($62) per tonne and for diesel by 375 yuan ($60) per tonne from Saturday as oil prices moved off lows plumbed last month, the country's powerful economic planning agency said on Friday.
Asian Imports of Iranian Crude Fall Nearly 22 Pct
(Friday, February 27, 2015) Asian imports of Iranian crude fell nearly 22 percent from a year ago to below 1 million barrels per day (bpd) in January, led by cuts in India, where refiners had been asked to curtail orders ahead of a visit by U.S. President Barack Obama.
Destination Clauses on LNG Will Soon Fade Away -Gas Union President
(Wednesday, February 25, 2015) Destination clauses on contracts for liquefied natural gas (LNG)shipments will soon be a thing of the past because of the shale revolution in the United States, the head of the International Gas Union said in an interview.
Japan's Astomos Energy to Buy U.S. LPG from Targa Resources
(Tuesday, February 24, 2015) Japan's Astomos Energy Corp said on Tuesday it had signed a three-year contract to buy U.S. shale-derived liquefied petroleum gas (LPG) from Texas-based Targa Resources Corp.
Asahi Kasei Eyes Electric Car Growth with $2.2 Bln Polypore Battery Deal
(Monday, February 23, 2015) Japanese chemical manufacturer Asahi Kasei Corp has agreed to buy Polypore International Inc's energy storage business for $2.2 billion, betting on growth in demand for hybrid and electric cars.
China to Crank Up Oil Product Exports, Add to Supply Glut
(Wednesday, February 18, 2015) China added more than 600,000 barrels a day (bpd) in refining capacity last year, bringing the nation's total to near 14 million bpd.
China Considering Merging State Oil Firms to Better Compete-WSJ
(Tuesday, February 17, 2015) Companies being considered for mergers include China's largest oil producer, China National Petroleum Corp, and its main domestic rival and refiner, China Petrochemical Corp or Sinopec, the Journal said.
China to Allow More Refining Firms to Import Crude Oil - State Planner
(Monday, February 16, 2015) China will allow refining firms that meet new technical and environmental standards to import crude oil, the country's state planning agency said on Monday, part of its efforts to give the market a bigger say in the sector.
Japan Jan Petchem Naphtha Imports Rise 0.2 Pct y/y
(Monday, February 16, 2015) Japan's naphtha imports for the petrochemical sector rose 0.2 percent in January from the same month a year earlier, government figures showed on Monday.
Japan Jan Ethylene Output Falls 4.6 Pct yr/yr
(Friday, February 13, 2015) Japanese ethylene production in January fell 4.6 percent from the same month a year earlier to 614,100 tonnes, data from the Ministry of Economy, Trade and Industry showed on Friday.