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China Cancels Ethanol Imports as Tax Hike Threatens Trade
(Monday, January 16, 2017) Chinese buyers have cancelled up to seven cargoes of ethanol due to arrive by the end of March, sources said, the first sign that a likely hike in import duties is threatening to stall demand from the world's fastest-growing market.
COLUMN-China's Crude Oil Juggernaut to Roll On, But More Slowly
(Monday, January 16, 2017) There is little doubt China's crude oil imports enjoyed a robust 2016, hitting a record high. The question is how long the party can continue?
China's Oil Refining Capacity Will Rise 4.6 Pct in 2017- CNPC Research
(Thursday, January 12, 2017) China's total refining capacity will increase 4.6 percent to 790 million tonnes in 2017 and net crude oil imports will rise 5.3 percent to 396 million tonnes, state-owned China National Petroleum Corp. (CNPC) forecast on Thursday.
As OPEC Cuts, Traders Send European Oil Volumes to Asia
(Thursday, January 12, 2017) European and Chinese traders are shipping a record 22 million barrels of crude from the North Sea and Azerbaijan to Asia this month, seeking to plug any supply gap left by OPEC production cuts.
India's Petronet LNG Sees Kochi Terminal At 40% Capacity By 2019
(Wednesday, January 11, 2017) India's biggest gas importer Petronet LNG expects its 250 mile pipeline connecting the Kochi LNG terminal in the south to industries further north to be ready in 2 years.
CNOOC Diverted Two LNG Cargoes from Tianjin After Pipeline Fire -Traders
(Tuesday, January 10, 2017) China's state-owned energy company CNOOC diverted two cargoes of imported LNG after a pipeline fire in northern China's Tianjin, though imports were normal as of Monday, traders with knowledge of the matter said on Tuesday.
JERA Imports Japan's First Liquefied Shale Gas Cargo from U.S.
(Friday, January 06, 2017) Japan's JERA Co said on Friday it imported the country's first liquefied shale gas cargo from the United States as part of efforts to diversify its supply.
North Asia's Winter Blast to Raise January Coal, LNG Consumption
(Friday, January 06, 2017) Winter temperatures in North Asia will swing to unusually cold from relatively mild in the coming weeks, lifting the demand for LNG and thermal coal as regional power stations ramp up to meet the increased heating needs.
China to Plough $360 Bln into Renewable Fuel by 2020
(Thursday, January 05, 2017) China will plough 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels.
S.Korea's S-Oil to Sell $1 Bln Diesel, Naphtha, Jet Fuel to Saudi Aramco
(Thursday, January 05, 2017) South Korea's S-Oil, the country's third-largest refiner, has signed a deal to sell a combined 1.2 trillion won ($1 billion) of diesel, naphtha and jet fuel this year to Saudi Aramco , its biggest shareholder.
China's Iran Oil Imports to Hit Record on New Production - Sources
(Thursday, January 05, 2017) China's demand for foreign crude could touch new highs as state-run refiners start up new plants and as Beijing allows more independent refiners to import crude.
SK Innovation to Invest Up to $2.5 Bln in 2017 to Boost Growth
(Monday, January 02, 2017) SK Innovation Co Ltd, which owns South Korea's top refiner SK Energy, said on Sunday it will spend up to 3 trillion won ($2.49 billion) in chemicals, oil exploration and battery businesses to boost its global growth.
China Court Sentences 23 People to Jail for Smuggling Fuel
(Friday, December 30, 2016) A court in eastern China has sentenced 23 people to jail of up to 15 years for smuggling refined fuel, state news agency Xinhua reported on Friday.
Sinopec Starts Supplying Cleaner Fuel to Beijing in Anti-Smog Drive
(Friday, December 30, 2016) China's largest state refiner Sinopec on Friday began supplying the Chinese capital with a new, lower-emission grade of petrol and diesel in line with efforts to combat smog that has plagued the country just a month into the winter.
China's Sinopec Starts Construction of Zhanjiang Refinery
(Wednesday, December 21, 2016) China's Sinopec Group has begun construction of a long-planned refinery and petrochemical complex in the southern city of Zhanjiang, the company said on its website on Wednesday.
China's LNG Buying Spree to Set Import Record in December
(Wednesday, December 21, 2016) China's state oil and gas majors are set to import record levels of liquefied natural gas (LNG) this month, betting on robust demand during the cold winter months and helping lift Asian prices to their highest in nearly two years.
Asia Set for Biggest Refining Capacity Jump in Three Years
(Tuesday, December 20, 2016) New and expanded refineries from China to India will offset closures in Japan, adding a net 450,000 barrels per day (bpd) of crude processing capacity in 2017, the highest since 2014, energy consultancy Wood Mackenzie says.
Mongolia Pegs $1 Billion From India for Oil Refinery, Pipelines
(Monday, December 19, 2016) The refinery reportedly could boost Mongolia's GDP by 10 percent.
Idemitsu Buys Fewer Showa Shell Shares After Family Opposes Deal
(Monday, December 19, 2016) Idemitsu Kosan Co said on Monday it completed the purchase of just under a third of rival refiner Showa Shell Sekiyu KK, cutting the amount of shares it planned to buy after facing opposition from Idemitsu's founding family.
Nissan, Renault, Mitsubishi to Share Electric Car Platform -Nikkei
(Monday, December 19, 2016) Nissan Motor Co, Renault SA and Mitsubishi Motors Corp will combine their electric vehicle platforms in an effort to slash prices down to levels comparable to conventional gasoline cars, the Nikkei newspaper said.