In the Middle East news is mostly focused on planned upgrades and new launches. In Iran, all refineries are set to undergo work in the current Iranian year ending March 2019. EXISTING ENTRIES — Yanbu Aramco Sinopec Refining Co. (Yasref) shut its 85,000 b/d continuous catalytic reformer mid-August,...
https://www.hellenicshippingnews.com/refinery-news-roundup-middle-east-news-revolve-around-upgrades/
Norway expects its gas export price to fall by more than a quarter by 2021 as increasing global liquefied natural gas (LNG) supplies outstrip growth in European demand. Norway’s 2019 fiscal budget on Monday showed it expects the average price for Norwegian gas to fall to 2.05 crowns/standard cubic...
Concerns over abundant supply arriving in Asia from the US and Middle East have flipped the front-month November/December Saudi Contract Price swap timespread to a contango structure, after being in backwardation since September 3, S&P Global Platts data show. The market last switched to a contango...
Japanese power companies consumed 3.85 million tonnes of liquefied natural gas (LNG) for power generation in June, up 3.5 percent from a year ago, preliminary electricity data from the Ministry of Economy, Trade and Industry showed. Following is a table outlining the main fuels used in power...
https://www.hellenicshippingnews.com/japan-power-firms-june-lng-consumption-rises-3-5-pct-y-y/
A 10% tariff on US liquefied natural gas is not steep enough to make shipping cargoes to China unprofitable, but it adds an obstacle for the second generation of American terminals, industry observers said. “With the 10% tariff implementation, we are probably not going to see a cessation of US LNG...
Singapore fuel oil inventories jumped 15% to a 10-week high in the week to Sept 26, boosted by thin export volumes, official data showed. – Singapore’s onshore fuel oil inventories surged 2.328 million barrels, or about 347,000 tonnes, to 17.616 million barrels, or 2.629 million tonnes, data from...
China says there is “huge potential” for Australia’s liquefied natural gas (LNG) industry from its trade war with the US after imposing tariffs on rival American imports of the important energy source being encouraged by Beijing to clean up pollution. China has imposed import tariffs on US LNG...
Russia can increase production of liquefied natural gas (LNG) to 83 mln tonnes by 2035 from the current 21 mln tonnes, Head of Department of Oil and Gas Production and Transportation at the Russian Energy Ministry Alexander Gladkov said at the Sakhalin Oil & Gas Conference & Exhibition. “From the...
China and India’s LPG demand has slowed compared to the past few years, according to ESAI Energy’s newly published Global NGL Outlook. The two markets have been the locomotives of global demand growth, accounting for a combined 190,000 b/d increase in demand last year. This year, however, demand...
https://www.hellenicshippingnews.com/global-lpg-demand-growth-falters/
European gas trading volumes in 2018 may beat the record 51,000 terawatt hours (TWh) recorded in 2016 unless unseasonally warm weather prevails for the rest of this year, Prospex said in a report on Friday. The British research company said slower trading in 2017 was followed by an upturn in the...
https://www.hellenicshippingnews.com/europe-gas-trade-volume-on-track-for-record-in-2018-so-far/