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Senior Sinopec Executive Becomes Head of Sinochem Group
(Tuesday, August 26, 2014) A former senior vice president at top Asian oil refinery Sinopec Corp has officially taken office as the new head of state-run Sinochem Group, officials at the two companies said on Tuesday.

Kogas in Talks to Offload Up to 10 Autumn LNG Cargoes -Sources
(Tuesday, August 26, 2014) Korea Gas Corp. has approached long-term suppliers of liquefied natural gas (LNG) to defer up to 10 autumn cargoes to winter, showing it is lumbered with excess supply and pulling out of spot markets, industry sources said.

CB&I to Design China Grassroots Petchem Complex
(Tuesday, August 26, 2014) CB&I announced Tuesday it has been awarded a contract by Shenhua Ningxia Coal Industry Group Co. Ltd. for the license and engineering design of a grassroots petrochemicals complex to be built in Ningxia, People's Republic of China.

Sinopec Shortlists Bidders for $20 Bln Retail Stake
(Monday, August 25, 2014) State-run Chinese oil giant Sinopec Corp has shortlisted 37 bidding consortia for an up to 30 percent stake in its massive fuel retail unit and plans to choose a winning bidder by end-September, its chairman said on Monday.

Kuwait to Boost Oil Exports to China to 500,000 bpd in Three Years - KUNA
(Monday, August 25, 2014) Kuwait plans to increase the volume of crude oil exports to China to 500,000 barrels a day (bpd) in three years, an executive at the state-run Kuwait Petroleum Corporation (KPC) said Saturday.

Sinopec Starting Shijiazhuang Refinery After Expansion
(Thursday, August 21, 2014) Asia's largest refiner Sinopec Corp is starting its Shijiazhuang refinery in the northern Hebei province after expanding the refining capacity to 160,000 barrels per day (bpd) from 100,000 bpd, two industry sources said on Thursday.

China Walks Tightrope Over Natural Gas Prices, Supply
(Thursday, August 21, 2014) China's natural gas dilemma was neatly illustrated by two recent announcements, the first a price increase and the second the closing of two gas-processing plants.

Japan May Guarantee Price for Nuclear Power to Prop Up Industry
(Thursday, August 21, 2014) Japan will consider guaranteeing prices for electricity generated by nuclear plants to help the country's struggling utilities, which have lost about $35 billion in the three years since the Fukushima disaster saddled them with extra costs.

Japan Jul Petchem Naphtha Imports Rise 16 Pct y/y
(Wednesday, August 20, 2014) Japan's naphtha imports for the petrochemical sector rose 16 percent in July from the same month a year earlier, government figures showed on Wednesday.

China's Carbon Plans: Secrecy and Oversupply Darken Outlook
(Tuesday, August 19, 2014) As China lays down plans for a national carbon trading scheme, the world's biggest emitter of greenhouse gases risks repeating mistakes made in carbon trading in Europe by flooding its pilot markets with free permits.

Asia Naphtha-Japan's Tonen Chemical Shuts Cracker for Maintenance
(Tuesday, August 19, 2014) Japan's Tonen Chemical Corp, a subsidiary of oil refiner TonenGeneral Sekiyu, has shut a 540,000 tonnes per year (tpy) naphtha cracker at Kawasaki on Tuesday afternoon for scheduled maintenance, a TonenGeneral Sekiyu spokesman said.

China Rejects Sinopec Crude Storage Environmental Assessment
(Tuesday, August 19, 2014) The Chinese government has rejecting an environmental impact assessment for an $84 million commercial crude oil storage base planned by Sinopec Corp citing insufficient measures to cut potential pollution.

China's CNOOC Hizhou Petchem Plant Wants U.S. LPG As Feedstock
(Monday, August 18, 2014) The second phase of Chinese energy giant CNOOC Group's $8 billion petrochemical complex in the southern city of Huizhou intends to use U.S. LPG, a senior executive of the multi-billion dollar project's contractor said on Monday.

PetroChina Reviews Push to Produce LNG Used in Transport-Sources
(Monday, August 18, 2014) China's biggest energy firm PetroChina is reviewing its multi-billion-dollar push to produce liquefied natural gas (LNG) to fuel trucks and ships in place of diesel, shutting two major gas liquefaction plants, sources said.

China's First Major Industrial User of Shale Gas Swings to Red
(Monday, August 18, 2014) Chongqing Jianfeng Chemical Co Ltd, China's first major industrial user of shale gas, said on Monday it swung to a loss in the first half of the year from a profit a year earlier due to the rising cost of gas.

Qatargas Delivers First LNG Cargo to China's Hainan Terminal - Statement
(Monday, August 18, 2014) Qatargas delivered the first cargo of Liquefied Natural Gas (LNG) to China National Oil Corporation's (CNOOC) Hainan LNG terminal located in the Hainan province, a company statement said on Monday.

S.Korea's GS Caltex Eyes Talks with Tesla on Carbon Fiber Supply-Source
(Thursday, August 14, 2014) South Korea's GS Caltex plans to talk with U.S. electric carmaker Tesla Motors about supplying its carbon fiber for vehicles, an industry source familiar with the matter told Reuters.

South Korea Carbon Market to Go Ahead As Planned -MOE Spokeswoman
(Thursday, August 14, 2014) As proposed, the scheme will cap greenhouse gas emissions from over 400 of the country's largest energy generators and manufacturers, and force companies to buy extra permits if they emit more than they have free allowances for.

Sources: PetroChina-Backed Universal Terminal Plans $800M Trust IPO
(Wednesday, August 13, 2014) Singapore's Universal Terminal, backed by PetroChina, plans to raise as much as $800M in an initial public offering of units of a business trust, sources say.

Sinopec Refinery Cuts Crude Runs 200,000 Tonnes for August
(Tuesday, August 12, 2014) Chinese state energy giant Sinopec is temporarily cutting production at one of its refineries to reduce emissions in anticipation of the Youth Olympic Games this month in the eastern city of Nanjing, the company said on Tuesday.




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