Asia Pacific downstream news
GPS and Equinor enter LPG storage agreement in Malaysia
GPS will build a new facility to execute the agreement with startup of operations planned for mid-2021.
Saudi Aramco inks five crude oil supply agreements with Chinese companies
Agreements take the total 2019 COSA volume to 1.67 million bpd, the largest in China’s history.
Dialog exploring petrochemical opportunities, provides update on terminal progress
Malaysian group to prepare to invest up to RM300 million to acquire a petrochemical plant for long-term investment.
BP enters JV with WorleyParsons in New Zealand
Terminal Services Agreement awarded to New Zealand Oil Services Ltd.
Total signs MoU with Papua New Guinea on Papua LNG Project
The agreement was accompanied by the launch of engineering studies on the project.
PaxOcean delivers largest FSRU to be built in China
Floating storage and regasification unit built for Indonesia-based Jaya Samudra Karunia.
Linde awarded contract for largest LNG plant in China
The plant will have a nameplate capacity of 750 000 tpy of LNG.
Asia to dominate global LNG regasification CAPEX and capacity additions to 2022, says GlobalData
Asia is expected to be the major contributor to the growth of global LNG regasification capacity between 2018 and 2022, according to a GlobalData report.
Jiangsu Honggang Petrochemical to use INVISTA technology for new PTA line
This is the first time that INVISTA and Honggang would be collaborating to build PTA assets.
GC purchases 49% of shares in chemical company RGL
The announcement comes as part of a comprehensive investment plan and value-added approach to GC’s products.