Regional News: East & SE Asia

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China's Sinopec Starts Building Nation's Largest Gas Storage Site
Wednesday, May 24, 2017 The storage facility will be connected to pipelines and supply gas to central China, Beijing and Tianjin.

ChemChina and Sinochem Press $120B Deal - Sources
Tuesday, May 23, 2017 A deal reportedly could be announced by the end of the year, four people with knowledge of the negotiations said.

China April LNG Imports Up 15.6 Pct on Year -Customs
Tuesday, May 23, 2017 China's imports of LNG posted the first year on year gain in four months, customs figures showed.

Russia Beats Saudi As Top China Oil Supplier for Second Month
Tuesday, May 23, 2017 Russia has kept its top spot as oil supplier to China.

Japan to Set Up Venture to Expand Hydrogen Station Network
Monday, May 22, 2017 Japan is betting heavily on becoming a "hydrogen society" despite the high costs and technical difficulties.


Malaysia's Sarawak State Govt Seeks 10% Stake In LNG Train
Monday, May 22, 2017 Malaysia's Sarawak state government says it is negotiating with Petroliam Nasional Berhad to acquire a 10% equity stake in an LNG production facility at Petronas' LNG complex in Bintulu, Sarawak.

China Love for US Gas Begins as Trump Rolls Out Red Carpet
Monday, May 22, 2017 Let the gushing begin.

China Says Will Eventually Allow Private Companies To Invest In Oil Storage
Monday, May 22, 2017 China will eventually allow private companies to invest in the country's oil and gas storage, the government said in a blueprint document for its energy sector.

Vietnam's Sole Refinery Plans to Sell 5-6 Pct Stake in IPO in Q4
Monday, May 22, 2017 Vietnam's Dung Quat oil refinery plans to sell a 5-6 percent stake in the company in the fourth quarter of 2017 via an initial public offering (IPO), it said in a statement.

Sinochem No Longer Pursuing Stake Buy In Noble Group
Monday, May 22, 2017 Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader, 3 sources familiar with the matter told Reuters.

South Korean Coal Plant Closures May Lift LNG Demand
Friday, May 19, 2017 South Korea has outlined plans to close 10 old coal-fired power plants next month.

Guangzhou Gas Plans LNG Import Terminal, Eyes Partnership With Woodfibre
Thursday, May 18, 2017 Guangzhou Gas Group plans to build a 2 million tonne per year import terminal for liquefied natural gas (LNG) on China's southern coast by 2020.

Taiwan's Formosa Plastics Group Says Owners to Reduce Management Role
Thursday, May 18, 2017 The move will allow the owners of one of Taiwan's biggest conglomerates to reduce their role in the management.

China's Unipec Will Keep Reselling Term LNG Cargoes -President
Wednesday, May 17, 2017 Sinopec's trading arm resold more than 2 million tonnes of term cargoes of LNG last year and expects to sell more this year, president Chen Bo said on Wednesday.

Saudi Aramco Tightens Grip in Top Oil Market With China Refinery
Wednesday, May 17, 2017 Saudi Arabian Oil Co. agreed to build a refinery and petrochemical plant in China, deepening ties between world's biggest oil seller and its largest importer.

Petronas Inks LNG MOU
Tuesday, May 16, 2017 Petronas inks a non-binding Memorandum of Understanding (MoU) with Gas4Sea partners to explore potential collaboration in promoting LNG as the preferred marine fuel.

Japan to Buy Up to 100,000 T LPG for National Stockpiles
Tuesday, May 16, 2017 Japan will likely conduct a tender in the autumn to buy up to 100,000 tonnes of LPG for national stockpiles, a trade ministry official said.

China to Complete Russia Pipeline Sections by End-2018 -Official
Tuesday, May 16, 2017 China is expected to complete the sections of the massive Russian oil and gas pipelines that lie in the northeastern province of Heilongjiang by the end of next year, a top provincial official said.

Saudi Arabia, Russia Push to Extend Oil Output Cut until March 2018
Monday, May 15, 2017 Saudi Arabia's energy minister and his Russian counterpart pledged to "do whatever it takes" to reduce the crude inventory overhang.

Japan Oil Firms Lift Annual Spending On Refineries, Cut Exploration
Monday, May 15, 2017 Some Japanese oil companies have raised their capital investment plans for the year, while others have focused on cutting spending on exploration and production.

Start-up of Vietnam's Nghi Son Oil Refinery Delayed to 2018
Monday, May 15, 2017 The delay of additional fuel supplies in Asia could be good news for refiners, a trader with a North Asian refinery said.

Eni Starts Production from Jangkrik Development Project
Monday, May 15, 2017 Eni starts gas production from the Jangkrik Development Project, located in deepwater offshore Indonesia, ahead of schedule.

Trump's China Deal Boosts US LNG Without Rule Change
Friday, May 12, 2017 America's shale gas could soon head to China under long-term contracts for the first time, bolstered by a new trade deal.

Airpac Bukom Gets New South East Asia General Manager
Friday, May 12, 2017 Airpac Bukom Oilfield Services announces the appointment of Jenny Ng as the new general manager for its South East Asia region.

Japan's Inpex Sees Minimal Cost Overrun On Ichthys LNG Project
Friday, May 12, 2017 Inpex Corp sees minimal cost overruns on its Ichthys liquefied natural gas (LNG) export plant in Australia because of a start-up delay, a senior executive says.

Noble Group Reports Big Loss, Founder Elman Steps Down As Exec Chairman
Thursday, May 11, 2017 Noble Group Ltd reports a quarterly loss that pummelled its shares by as much as 33%.

Japan's Tosoh Plans $88 Mln Naphtha Cracker Upgrade
Thursday, May 11, 2017 Japanese chemical maker Tosoh Corp said on Thursday it will invest about 10 billion yen ($88 million) to upgrade its 527,000 tonnes-per-year naphtha cracker in Yokkaichi, central Japan, by 2020.

S.Korea's Lotte Chemical to Expand Chemical Output Through 2019
Wednesday, May 10, 2017 South Korea's Lotte Chemical Corp said on Wednesday that it will more than double its meta-xylene and polycarbonate production by 2019 as part of a 370 billion won ($326.39 million) investment plan.

Japan Reports Successful Gas Output Test from Methane Hydrate
Monday, May 08, 2017 Japan is the world's top importer of LNG, and its need for domestic gas resources has become greater since the Fukushima nuclear crisis in 2011 shut down most of its nuclear power plants and sharply raised fossil fuel imports.

MPRC Exec: Asia Good Place for Downstream Workers
Friday, May 05, 2017 Asia is a good place to go for downstream oil and gas professionals, according to MPRC senior vice president.

Oil Traders Idled as China Refiners Fall Foul of Smog Fight
Wednesday, May 03, 2017 As China's government cracks down on pollution and a glut of fuel at home, some traders who the refiners lured with an ambition to establish a global footprint are finding they have nothing to do.

Chinese Shale Gas Target Met with Skepticism
Friday, April 28, 2017 China's target to produce around 3 billion cubic feet per day of shale gas by 2020 has been met with doubt by oil and gas analysts at Tudor, Pickering, Holt & Co.

World's Top Two Shipyards Signal More Orders as Earnings Improve
Thursday, April 27, 2017 The world's two biggest shipbuilders reported profit and issued an improved outlook.

BP Sells Stake in China Petrochemical Venture to Sinopec for $1.7 Bn
Thursday, April 27, 2017 The sale represents BP's first major divestment of a year in which it expects to sell assets worth between $4.5 billion and $5.5 billion this year.

China Sets Deadline for Refiners to Apply for Oil Import Permits
Thursday, April 27, 2017 China reportedly has allowed 22 independent refiners to import crude oil since 2015 with quotas totalling 81.93 million tonnes, or 1.64 million barrels per day, making up 12 percent of the country's total crude oil imports.