Early March Asian downstream update
China
China has agreed a deal with Turkmenistan regarding an increased supply of natural gas. Turkmenistan will supply an additional 20 billion m3/y, on top of existing arrangements of 40 billion m3/y. The 30 year deal will see Turkmenistan provide a total of 60 billion m3/y to the energy hungry nation.
India
The costs of Bharat Petroleum Corporation’s new refinery at Bina have escalated by 20% due to the rising price of raw materials. The refinery is projected to have a capacity of 6 million tpy.
Japan
BG Group has announced a sales deal with Tokyo Gas Co. to deliver LNG from a project in Queensland, Australia. The financial details of the deal have not been disclosed.
Singapore
ExxonMobil has announced that it will shut several refining units on March 9 at its integrated manufacturing site in Singapore for maintenance. The nine week shutdown will allow the company to inspect the equipment, carry out routine maintenance as well as install facility improvement projects.
Neste Oil has celebrated the opening of the world’s biggest biodiesel plant in Singapore. The 800 000 tpy plant has been operational since November 2010, using palm oil from Malaysia and Indonesia as well as waste animal fat from New Zealand and Australia.Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/10032011/early_march_asian_downstream_update/
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