Regional News: East & SE Asia

 
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S. Korea Easing Rules At Oil Terminals In Effort To Become Trade Hub
Friday, July 21, 2017 South Korea is in the process of easing blending restrictions at its oil storage terminals as the world's No. 5 crude importer bolsters an effort to become a North Asia trading hub.

Top Oil Buyer's Demand in Peril as OPEC Wrestles Over Output
Wednesday, July 19, 2017 Oil bulls grappling with OPEC's weakened resolve to curb output are also having to worry about waning demand.

China Drafts New Rules Easing State Oil Majors' Grip On Storage
Wednesday, July 19, 2017 Beijing issues a draft of new regulations for China's growing oil and fuel storage industry.

S.Korea's Hanwha Total Says Naphtha Cracker Shut After Lightning Strike
Monday, July 17, 2017 South Korea's Hanwha Total said on Monday its naphtha cracker in Daesan has been shut due to power outages caused by a lightning strike.

Asia's Naphtha Trapped in Downward Spiral as Supply Glut Hits
Monday, July 17, 2017 Asia is being hit with a naphtha supply glut that could push the market down further.

  


China June Oil Refinery Throughput Close to Record
Monday, July 17, 2017 "Refinery runs were impressive considering that refinery maintenance was still heavy," said Nevyn Nah, analyst at Energy Aspects.

Traders Shift Oil Products Out of Tanks as Short-Term Demand Soars
Friday, July 14, 2017 Some energy traders in Southeast Asia are cutting their use of storage tanks as short-term demand for oil products soars, hitting companies that rent out storage at a time when many of them have just expanded their capacity.

China Expects LNG Receiving Capacity To Reach 100MM Tonnes by 2025
Wednesday, July 12, 2017 China's LNG receiving capacity is expected to rise 8.6% a year to 100 million tonnes by 2025.

Asian Refiners Tweak Their Qatar Oil Loadings To Side-Step Gulf Spat
Wednesday, July 12, 2017 Asia's oil refiners are adjusting their shipping arrangements for loading Qatari crude to side-step the diplomatic spat between Doha and other Middle East nations.

Gas Pipeline Blast In Northeast China Kills 5, Injures 89
Wednesday, July 05, 2017 At least 5 were killed and 89 injured in a gas pipeline explosion in northeastern China, the official Xinhua news agency reported on Wednesday.

Malaysia's Lotte Chemical Prices IPO At Bottom Of Range, To Raise $878 MM
Tuesday, July 04, 2017 Lotte Chemical Titan Holding says its initial public offering (IPO) was priced at 6.50 ringgit ($1.51) per share, the bottom of an indicative price range.

Gazprom To Start Gas Supplies To China Via Power Of Siberia In Dec 2019
Tuesday, July 04, 2017 Gazprom will start supplying the fuel to China via the Power of Siberia pipeline on Dec. 20, 2019.

Sinopec Group Ex-General Manager To Be Prosecuted For Alleged Graft
Tuesday, July 04, 2017 The former general manager of Sinopec Group will be prosecuted for alleged graft, China's anti-graft watchdog says.

S.Korea Exports Post Double-Digit Growth In June For Sixth Month In A Row
Monday, July 03, 2017 South Korea's exports post double digit-growth for a sixth month in a row in June as normalizing global demand continued to boost sales of memory chips and petrochemical products.

CNPC Gas Pipeline Blast Kills 8, Injures 35
Monday, July 03, 2017 At least 8 people died and another 35 were injured in a natural gas pipeline explosion in southwest China's Guizhou Province on Sunday, Xinhua news agency reports.

Lotte Chemical Titan Cuts Malaysian IPO Size On Tepid Investor Response
Monday, July 03, 2017 Lotte Chemical Titan Holding cut the size of its initial public offering on Monday due to tepid demand for its shares.

Idemitsu To Issue New Shares, Diluting Founding Family Stake
Monday, July 03, 2017 Japan's Idemitsu Kosan Co plans to issue new shares to raise $1.2 billion.

China Energy Demand May Already Have Peaked
Friday, June 30, 2017 China's energy demand has reached peak levels and is set to fall in coming years, an influential government think tank says.

China Completed New Crude Pipe in Shandong in Boost to Teapot Refiners
Thursday, June 29, 2017 China has completed a new crude pipeline in eastern Shandong province as it improves infrastructure for independent refiners in the region.

Russell: China's Natural Gas Output, Imports Surge, Beating Target
Wednesday, June 28, 2017 China is ramping up both imports and domestic production of natural gas.

PTT Investigating JDA A-18 Gas Field Shutdown
Monday, June 26, 2017 Thai energy company PTT is investigating a shutdown at a natural gas field in the Malaysia-Thailand Joint Development Area (JDA) in the Gulf of Thailand.

Cheniere's LNG Market Share Expands as Korea Contract Starts
Monday, June 26, 2017 Cheniere Energy commences a 20-year supply agreement with Korea Gas Corp.