Asia/Pacific
India's GAIL inks 20-year LNG pact with Gazprom
India's state-run GAIL (India) Ltd. has signed a 20-year deal to buy LNG from the Singapore unit of Russia's Gazprom OAO. The GAIL/Gazprom deal may also help revive development of the long-delayed Shtokman natural gas field in Arctic Russia, which Gazprom postponed indefinitely in August.
BP to sell Malaysia PTA plant to India's Reliance
Reliance has agreed to purchase BP’s interest in the plant for $230 million in cash. Both parties anticipate completing the transaction in 2012. “This is an efficient plant with a good market position in the region,” said James Yim, head of BP's aromatics business in Asia.
Sinopec halts China refineries, petrochemical plant amid pollution questions
China Petrochemical Corp., known as Sinopec Group., ordered the units - two refineries and a petrochemical plant in southern Guangdong province - to halt production while they rectified any problems.
Petronas to license Jacobs technology for Malaysia sulfur recovery project
For the project, Jacobs is licensing its SUPERCLAUS technology. Jacobs introduced the technology in 1985, and now has over 200 licensed units in operation. The technology offers performance features in areas such as reliability, sulfur recovery levels, sulfur emissions reduction and continuous operation.
PdVSA to supply crude for Reliance refinery in India
Reliance executive P.M.S. Prasad said the crude will feed India's Jamnagar refinery and will help the rapidly growing Asian economy meet its growing energy needs. He said the supply contract could run longer than 15 years. The contract will begin with shipments of 300,000 bbl and increase over time.
Petronas picks GE compressor technology for first Asia floating LNG project
GE was awarded the contract primarily on the basis of its technology as well as its experience in the LNG and offshore sectors, it said. The order is also based on GE’s global frame agreement with Petronas.
Jiutai licenses UOP methanol-to-olefins technology for China coal project
Jiutai will produce 600,000 tpy of ethylene and propylene at its facility in Ordos City, China. In addition to technology licensing, UOP is to provide basic engineering, catalysts, adsorbents, specialty equipment, technical services and training for the project, which is expected to start up in 2014.
IEA aims to halve road transport fuel use by 2050
In two reports published Wednesday, the IEA said there was massive potential for fuel efficiency improvements to reduce demand for transport fuels by 2050, even if the number of road vehicles doubles in the same period. The reports highlight technology available or about to enter the mainstream market.
Canada looks to Asian markets amid LNG glut in US
A decade-long boom in US production of natural gas drove prices to a record low of $1.91 per million British thermal units in April, and has created more energy independence for the US, which is virtually Canada's only energy export market. Thus, Canada has set its sights on energy-hungry Asian markets.
PolyOne expands polymer innovation centers in US, China, South Korea
PolyOne says its investment to upgrade the centers will further serve the needs of customers interested in collaborating to solve product and performance challenges, while accelerating their speed to market.
- Veolia and SBM Offshore partner to deploy near-shore, floating desalination units 1/15
- Formosa Petrochemical extends Taiwan cracker shutdown due to weak derivative margins 1/15
- Cargill advances maritime Decarbonization with delivery of first green methanol dual-fuel vessel 1/15
- Key U.S. energy, power trends at home and on world markets 1/15
- U.S. to finalize 2026 biofuel quotas by early March, drop import penalties 1/15
- India's Nayara Energy buys only Russian oil in Dec for 5th straight month 1/15
