Far East Headlines
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BP Awards FEED Contracts for Tangguh Expansion Project
(Wednesday, October 22, 2014) BP awards two consortia with contracts for onshore FEED work at its Tangguh Expansion Project in Indonesia.

Boeing and Chinese Partner to Make Jet Fuel from 'Gutter Oil'
(Wednesday, October 22, 2014) Gutter oil - a form of cooking waste - has long been a public health concern in China due to its widespread use in restaurants.

Weak Oil Threatens US Export of LNG, Leaving Asian Buyers Stranded
(Tuesday, October 21, 2014) Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have already invested billions of dollars in long-term contracts.

Colombia's Ecopetrol Makes First Sale of Crude to S. Korea
(Monday, October 20, 2014) Colombia's state-controlled oil producer Ecopetrol will ship 1 million barrels of crude oil to refiner Hyundai Oilbank Co, marking its first ever sale to South Korea and consolidating its presence in the Asian market, the company said on Monday.

China Utility Aims to Triple Gas Power Plants by 2020 - Industry Paper
(Monday, October 20, 2014) Power generation will be one of the key drivers for China's gas demand surge over the next two decades, experts have forecast, as the government tries to curb the country's heavy dependence on dirtier coal.

Asian Naphtha Imports to Stay High for 3rd Month, Adding to Glut
(Monday, October 20, 2014) Asia is set to import about 1.6 million tonnes of naphtha from the West in November, traders said on Monday, exacerbating a glut of the fuel that has already pummeled its prices in the region.

China's Baosteel to Supply Gas Pipes for Turkey-Azerbaijan Pipeline
(Monday, October 20, 2014) China's second biggest steelmaker Baoshan Iron & Steel Co Ltd (Baosteel) said it had won a contract to supply pipes for a natural gas pipeline running from Turkey to Azerbaijan.

As Japan Eyes Nuclear Restarts, Renewables Get Shut Out of Grid
(Friday, October 17, 2014) Japan's biggest utilities are blocking most new solar and other renewable energy from transmission grids, stirring concern among green power advocates that Japan favors restarting idled nuclear plants at the expense of other fossil-free supply.

Japan Sep Petchem Naphtha Imports Rise 5.3 Pct y/y
(Friday, October 17, 2014) Japan's naphtha imports for the petrochemical sector rose 5.3 percent in September from the same month a year earlier, government figures showed on Friday.

E.ON Sells LNG Cargo to PetroChina As Forward Prices Slip
(Thursday, October 16, 2014) E.ON Global Commodities has sold a cargo aboard the Kita LNG tanker to PetroChina for November delivery, signalling a wider loss of faith that spot prices for the fuel will stage a strong winter recovery, traders said.

Nikkei: Russia Proposes Building Natural Gas Pipeline to Japan
(Wednesday, October 15, 2014) Russia has proposed building a natural gas pipeline connecting fields in its far east with northern Japan, the Nikkei newspaper reports.

Japanese Governor Says Too Soon for Nuke Restarts
(Wednesday, October 15, 2014) A Japanese governor said Wednesday the country should not restart any nuclear plants until the cause of the Fukushima meltdown is fully understood and nearby communities have emergency plans that can effectively respond to another major accident.

S Korean S-Oil's New Naphtha Tank Ready by November
(Wednesday, October 15, 2014) The new tank will come online at the right time for South Korea's third largest refiner as naphtha prices have crashed to deep discount levels to benchmarks.

N.Asian Refiners Slash Oil Product Spot Prices Due to Weak Demand
(Tuesday, October 14, 2014) North Asian refineries are slashing spot prices of most oil products to multi-year lows to get rid of high inventory as they battle weak regional demand and competition from a booming U.S. shale market, industry sources said.

DNV Lanuches LNG & Gas Consulting Unit in Singapore
(Tuesday, October 14, 2014) DNV launches an LNG and gas consulting unit in Singapore to tap business opportunities in Southeast Asia.

CB&I to Design Gasification Unit for China Project
(Tuesday, October 14, 2014) CB&I Tuesday announced it has been awarded a contract by Shandong Sincier Petrochemical Co., Ltd. for the license and engineering design of a gasification unit to be built near Dongying, Shandong Province, China.

Russia Signs Deals with China to Help Weather Sanctions
(Monday, October 13, 2014) They are among the first clear successes of the eastward shift, ordered by President Vladimir Putin to avoid isolation over the sanctions, since the vast nations reached a $400 billion, 30-year natural gas supply agreement in May.

Russia's Rosneft, Chinese CNPC Agree to Deepen Cooperation in LNG
(Monday, October 13, 2014) Cooperation could include potential LNG supplies to China

Gazprom May Drop Vladivostok LNG Project in Favour of Pipeline Gas to China
(Monday, October 13, 2014) Russia's state-controlled gas company Gazprom may drop its Vladivostok LNG project in Russia's Far East in favour of pipeline gas supplies to China, the firm's Chief Executive Alexei Miller told reporters on Monday.

Asia Naphtha-S Korea's LG Chem Buys at Steep Discount; Lowest Since 2010
(Friday, October 10, 2014) South Korea's LG Chem buys naphtha for second-half November delivery with traders estimating the price to be about $10 below Japan quotes on a cost-and-freight (C&F) basis, the lowest seen since July 2010 in South Korea.




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