Far East Headlines
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China's Wison Tests Floating Liquefaction Unit
(Wednesday, September 28, 2016) Wison Offshore & Marine successfully completes a performance test of the world's first natural gas floating liquefaction unit for EXMAR at its Nantong yard in China.

Russia's Sakhalin-2 Partners Agree on LNG Mktg Strategy for 3rd Train-Shell
(Wednesday, September 28, 2016) Sakhalin-2 shareholders are Gazprom, Shell and Japan's Mitsui and Mitsubishi.

Rosneft Plans to Take Final Investment Decision on Far East LNG in 2017-18
(Wednesday, September 28, 2016) Russia's Rosneft plans to take a final investment decision on its Far East LNG project in 2017-2018, according to a presentation by Rosneft department head Alexander Zharov at a conference on Wednesday.

COLUMN-Oil Exporters Focus on Supply, but What of China Demand?
(Tuesday, September 27, 2016) Major oil exporters clearly would like higher crude prices and may even be getting closer to some sort of coordinated action, but they should be careful what they wish for as they may choke off demand growth in top importer China.

Praxair to Build VPSA Plants at Hyundai's Daesan Complex
(Monday, September 26, 2016) Praxair will build, own and operate four vacuum pressure swing adsorption (VPSA) plants that will supply a combined 750 tons per day of oxygen to Hyundai, which is located at Daesan petrochemical complex on the west coast of South Korea.

S.Korea's GS Caltex Buys U.S. Eagle Ford Crude for November Arrival
(Friday, September 23, 2016) South Korea's GS Caltex Corp has bought U.S. Eagle Ford crude for the first time, a spokesman said on Friday, highlighting the increasing global reach of U.S. crude supplies since the country lifted its export ban last year.

Apparently There Really Is a Great Future in Plastics: Gadfly
(Thursday, September 22, 2016) Chemicals have long been Big Oil's poor cousin.

Beijing Gas Group Awards LNG Tender to France's Engie
(Thursday, September 22, 2016) China's biggest city gas supplier, the Beijing Gas group awarded last month French gas utility firm Engie a tender for purchasing 10 cargoes of liquefied natural gas, the Chinese firm's chairwoman said on Thursday.

A $24 Billion China Refinery Sees a Great Future in Plastics
(Wednesday, September 21, 2016) A new $24 billion Chinese refinery that'll use as much crude oil as some of Asia's biggest plants is set to take on rivals by helping make plastic bottles rather than fuel for cars.

Japan Signals End for $10 Billion Nuclear Prototype
(Wednesday, September 21, 2016) Japan signalled on Wednesday it would scrap a costly prototype nuclear reactor that has operated for less than a year in more than two decades at a cost of 1 trillion yen ($9.84 billion).

Customs: China August LNG Imports Rise 60.1% On Year
(Wednesday, September 21, 2016) China's imports of liquefied natural gas grew 60.1 percent in August over the same month last year to 2.26 million tons, data from Chinese customs shows.

China Lowers Retail Gasoline, Diesel Prices - State Planner
(Monday, September 19, 2016) China's state planner will lower gasoline retail prices by 155 yuan ($23.24) per tonne and diesel fuel by 150 yuan per tonne from Monday, the National Development and Reform Commission (NDRC) said in a statement on its website on Sunday.

Andalas, Pertamina Team-Up Could See Huge Employment Spin-Off in Indonesia
(Friday, September 16, 2016) Andalas Energy and Power plc's recently announced partnership with Pertamina could result in a huge employment spin-off in Indonesia, suggests Andalas CEO David Whitby.

China to Build At Least 60 Nuclear Plants in Decade-Industry Official
(Friday, September 16, 2016) The official said that each of China's major nuclear companies -- SNPTC, CNNC and CGN -- would start building a minimum of two new reactors a year.

Japan's Hokkaido Gas to Start Operations at New LNG Tank
(Friday, September 16, 2016) Japanese city gas supplier Hokkaido Gas Co Ltd said on Friday its newly built No.2 LNG tank at its Ishikari LNG terminal would start operations by accepting the first delivery of gas from an LNG tanker on Saturday.

Three Firms Vie for BP's China Petrochemicals Plant - Sources
(Thursday, September 15, 2016) At least three leading chemical companies are set to vie for BP's stake in Chinese petrochemicals joint venture SECCO which could fetch more than $2 billion, sources close to the process said.

Sinochem to Add Ethylene Complex to Quanzhou Oil Refinery
(Wednesday, September 14, 2016) Sinochem will add an ethylene complex to its Quanzhou oil refinery, company vice president Zhang Wei told Reuters on the sideline of a chemical conference.

Tokyo Gas Imports First LNG from Australia's Gorgon
(Monday, September 12, 2016) Japan's biggest city gas supplier, Tokyo Gas Co, said it has received its first LNG cargo from Chevron Corp's $54 billion Gorgon export facility in Australia.

China Fuel Exports Cast Fourth-quarter Pall Over Global Oil Products
(Monday, September 12, 2016) China's state oil refiners are readying to export more diesel and gasoline in coming months as a bleak outlook for what is typically the nation's period of greatest consumption sends shivers through an already saturated global market.

SK Incheon Petrochem Plans Full Shutdown for Maintenance from Sept 19
(Friday, September 09, 2016) SK Incheon Petrochem, owned by SK Innovation Co Ltd, said on Friday it plans a full shutdown for maintenance from Sept. 19 and will resume operations on Oct. 28.




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