Asia Pacific downstream news

Leading global law firm Herbert Smith Freehills has advised China energy major ENN on its first acquisition in the US LNG market.

Newly published report holds that, amid sustained supply growth, the market will tend toward oversupply.

Ng Weng Hoong, Contributing Editor, considers Asia’s economic outlook in the face of the rising oil cost, surging US dollar, and geopolitical upheavals.

Technology to provide prescriptive monitoring of propane-propylene conversion unit at Shandong Province plant.

The project aims to use FGD systems to reduce emissions of sulfur oxide and soot dust, helping to clear and reduce air pollutants in India.

According to Wood Mackenzie, the oil market faces a precarious few months. The imposition of US secondary sanctions on Iranian exports today is the critical factor behind Brent’s rally to over US$80/bbl in October. There is enough supply to meet demand this winter, but the margin for error is narrow.

CSC will support the companies with services such as booking new LPG connection, refills and supply and distribution.

Acquisitions include air separation units, pressure swing adsorbers, carbon monoxide cold box equipment and more.

Latest report says that reliance is primarily due to growing demand from the household appliances, electronics, automotive and industrial sector.

The joint venture marks the first partnership between the companies.