Asia Pacific downstream news
Wison Group enter light hydrocarbon project in Tianjin
Wison (China) Holding Company and Tianjin Development Zone Administrative Committee officially entered into an 'Investment and Cooperation Agreement on Light Hydrocarbons Comprehensive Utilization Project'.
Major LNG buyers’ uncontracted demand to quadruple by 2030, says Wood Mackenzie
Demand from the world’s seven largest LNG buyers could reach 80 million tpy by 2030.
China’s oil demand to make significant rebound in 2019, says ESAI Energy
ESAI Energy predicts non-marketed naphtha and LPG demand to account for a 400 000 bpd rise in demand.
IES transitions to dedicated logistics and retail operations
Transition follows sale of select refinery assets to Par Pacific.
Clariant and Saudi Kayan to evaluate alkoxylates joint venture
Both parties have agreed to evaluate the formation of a joint venture with the aim of establishing a manufacturing facility for alkoxylates.
TechnipFMC awarded a significant contract for the expansion of Neste’s renewable products facility in Singapore
This expansion aims at meeting the market demand for renewable products.
Cheniere and Petronas sign LNG sale and purchase agreement
Petronas LNG will purchase 1.1 million tpy of LNG from Sabine Pass Liquefaction.
Vopak pilots drones and robots for tank inspection in Singapore
The initiatives tested include drone inspection, jetty inspection using an underwater ROV, digital vessel clearance tool and robots for in-service tank inspection.
Australia: in line with its discipline on capital allocation, Total reduces its stake in Ichthys LNG by 4%
Total has signed an agreement to divest a 4% interest in the Ichthys LNG project in Australia to operating partner INPEX for an overall consideration of US$1.6 billion.
Singapore LNG seeks EOIs for storage tank
The EOI should contain an indicative price offer and a proposal for how the tank could be used.