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S.Korea Court Rejects Arrest Warrant Application Against KOGAS CEO
(Thursday, December 18, 2014) The executive is suspected of receiving bribes and committing breach of trust in connection with his work at an LNG tanker tugboat company that he headed before taking over in 2013 as CEO of the world's largest corporate buyer of LNG.
Tepco, Chubu to Hold Japan's First Joint LNG Tender
(Wednesday, December 17, 2014) Tokyo Electric Power Co and Chubu Electric Power Co,, two of the world's biggest buyers of liquefied natural gas (LNG), are holding an international tender for the fuel, one of the utilities said.
Japan to Shut Four Naphtha Crackers for 2015 Turnaround
(Monday, December 15, 2014) A total of four naphtha crackers in Japan are set to enter scheduled maintenance shutdowns in 2015, down from nine this year, industry sources said.
China Implied Oil Demand Up 3 Pct on Refinery Runs
(Friday, December 12, 2014) China's implied oil demand in November gained around 3 percent from October to the strongest in two months, as refinery runs in the world's top energy consumer hit the second-highest level of on record.
Asian LNG Prices Seen Falling by Up to 30 Pct in 2015
(Wednesday, December 10, 2014) Asian liquefied natural gas (LNG) prices are expected to fall by up to 30 percent in 2015, according to a survey of analysts and consultants, as the market enters a period of oversupply and the impact of lower oil prices kicks in.
LNG Boom Over As China Looks to Sell Out of Long-term Deals
(Tuesday, December 09, 2014) China's state-controlled energy giant Sinopec wants to sell some long-term LNG import deals as a slowing economy makes them unprofitable, sources say, signalling the end of a five-year boom fuelled by rising Chinese demand.
Japan LNG Spot Price Falls to $14.40/mmBtu in Nov
(Tuesday, December 09, 2014) LNG spot prices for Japanese buyers fell in November after two straight months of rises, the government said on Tuesday, as faltering demand in Asia combined with rising supply from countries including Australia and Russia.
Alfa Laval Wins S. Korea Heat Exchanger Order
(Tuesday, December 09, 2014) Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply Alfa Laval Packinox heat exchangers to a petrochemical plant in South Korea.
COLUMN-China Commodity Imports Show Only Stockpiling Boosts Demand
(Monday, December 08, 2014) It's getting harder to pull together a convincing, all-encompassing narrative for China's commodity imports, with the November trade data showing a fractured picture.
Cheap Commodities to Spur Global Growth, China a Bright Spot-Trafigura
(Monday, December 08, 2014) Lower commodities prices will spur the global economy and China remains a boon for raw materials despite the country's recent weak data, Swiss trading house Trafigura's founder Claude Dauphin said on Monday.
South Korea's S-Oil Cancels 2015 Gasoil Term, To Offer in Spot Market
(Friday, December 05, 2014) South Korea's S-Oil Corp has cancelled its tenders offering 2015 term gasoil contracts and is expected to offer cargoes in the spot market instead, in what is likely the first such move by the company, traders said on Friday.
Vitol-linked Cockett Marine to Hire Ex-OW Bunker China Team
(Friday, December 05, 2014) Cockett Marine's hiring will extend its reach in China, where total sales of bunker fuel amount to around 900,000 tonnes of bunker fuel a month.
GTC to Supply Toluene Alkylation Tech at New China Refinery
(Wednesday, December 03, 2014) GTC Technology has signed an agreement with Shandong Sincier Chemical Group (SSCG) to provide its GT-TolAlk licensed technology for a 280,000 TPY toluene alkylation unit at a new refinery in Dongying, Shandong Province, People's Republic of China.
Japan Holds Off on Boosting U.S. LPG Supplies-Sources
(Tuesday, December 02, 2014) Japanese buyers of liquefied petroleum gas (LPG) are holding off on increasing term supplies from the United States following a plunge in oil prices that has made U.S. LPG more expensive than Middle East imports, senior industry sources said.
Edeniq, Global Bio-chem Team Up for Commercial Demo Plant
(Tuesday, December 02, 2014) Following a letter of intent forged in July, the companies further cement their cooperation on developing the lowest cost process for converting corn stover to cellulosic sugars for use in the production of bio-based chemical products.
China's Fuel Tax Rise to Squeeze Blenders, Won't Hurt Motorists
(Monday, December 01, 2014) A surprise fuel tax increase in China will further squeeze independent blenders but the impact on fuel consumption should be mild as Beijing has taken advantage of low oil prices to push ahead with energy price reforms, industry analysts said.
Hanwha Chemical Drops Review of Buying Dow Chemical Chlorine Biz
(Monday, December 01, 2014) South Korea's Hanwha Chemical is no longer considering buying parts of Dow Chemical's chloro-alkali business, a spokesman for Hanwha Group said on Monday.
China Nears 'Peak Coal' As Carbon and Clean Growth Policies Bite
(Friday, November 28, 2014) Coal use in China, the world's biggest polluter, could peak earlier than previously forecast as slower economic growth cuts power demand and the government clamps down on energy-intensive industries to meet its emissions reduction goals.
Cosmo Oil Bought U.S. Condensate at About $4/bbl Discount
(Thursday, November 27, 2014) The first Japanese purchase of U.S. oil from shale fields was priced at a discount of around $4 a barrel to comparable grades from the Middle East, according to Reuters calculations based on customs data released on Thursday.
Japan's JX Plans to Cut Dec Crude Refining by 11 Pct y/y
(Thursday, November 27, 2014) JX Nippon Oil & Energy Corp , Japan's top oil refiner, said on Thursday it would refine 1.14 million barrels of crude oil per day in December for domestic consumption, down 11 percent from a year earlier.