Asia/Pacific
ExxonMobil launches new Singapore cracker
The Singapore complex is now producing ethylene from its second world-scale steam cracker. The expansion is integrated with the existing petrochemical plant.
Japan's Inpex, Shell to buy out Indonesian partner on Abadi LNG project
Indonesia's PT Energi Mega Persada will sell its 10% of the offshore Indonesia Abadi LNG project to Japan's Inpex and Shell, the companies said in stock exchange filings. The price was not revealed.
Woodside hopes to expand Australian LNG exports
Woodside wants to expand Pluto because existing infrastructure makes it cheaper to bolt on extra l LNG processing units than starting new developments from scratch. The high cost of new LNG projects was cited by Woodside and partners for the decision to abandon plans to develop Browse.
Hindustan revives plan for new South India refining complex
Hindustan Petroleum has revived a plan to build a large refinery and petrochemical complex at Visakhapattanam. The proposed project will have a capacity of 300,000 bpd.
EU slaps anti-dumping duties on biodiesel imported from Argentina, Indonesia
EU biodiesel makers have long complained that subsidies and incentives for biodiesel makers in Argentina and Indonesia give them an unfair advantage. Argentina's Foreign Ministry denounced the duties as an attempt to shield EU companies from more competitive Argentine producers.
H-Energy to study Nova Scotia LNG export proposal
H-Energy would target markets in Asia, Europe and Latin America. The project would be constructed in three phases, with the first liquefaction train of 4.5 MMtpa at an estimated cost of $3.18 billion coming online in 2020. The company is in the process of setting up a base in Nova Scotia to manage operations.
India's Essar Oil to supply fuels to PetroChina after receiving Chinese loan
The likely deal with China Development Bank will be supported by an agreement to supply fuel products from Essar's refinery to PetroChina. Essar group said it has been in discussions with several international banks, including Chinese banks, to replace its local debt.
PetroChina withdraws bid for Australian coal-bed methane gas producer
PetroChina withdrew a bid for an Australian coal bed methane gas producer, but will continue to invest in other Australia projects because of their commercial value and importance for energy security.
GTC Technology launches India engineering office
The new office will offer process licensing for India's refining and petrochemical sectors, and be GTC's center for engineering/procurement/construction management and a regional site for the company's energy services and process equipment business units. Investment terms were not disclosed.
Indonesia to seek higher price from China for LNG
Under the existing contract, Indonesia can renegotiate the price when oil prices shoot up. The price of oil strongly correlates with the price of natural gas and LNG. The current contract, signed in 2006, uses a formula which assumes an oil price cap of $38/bbl, resulting in a selling price of $3.45/MMBtu.
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