Asia Pacific downstream news

Caspian Sunrise has announced that it expects all conditions for the merger and the associated capitalisation of the Vertom loan, will be concluded by 1 June 2017.

KBR has announced its return to Malaysia with its joint venture with BIV Builders.

Wison Engineering has announced it will collaborate with Honeywell UOP on international methanol-to-olefins projects.

Koch Supply & Trading, JOVO, MISC and Teekay Marine Solutions have announced the signing of a pioneering deal in LNG ship-to-ship transfer.

Southern Oil has announced the official opening of the Northern Oil advanced biofuels pilot plant, the first facility to convert waste products into renewable fuels in Australia.

Gazprom has announced that documents have been signed to advance Russian-Chinese cooperation in underground gas storage.

Following the announcement of the 100-day action plan between the US and China, the deal has the potential to alter the global LNG trade.

The price of crude has increased this morning as Saudi Arabia and Russia have spoken out in support of extending the supply cuts agreement until March 2018.

ExxonMobil has announced it will acquire the Jurong Aromatics Corporation plant in Singapore.

Qatargas has announced it has successfully delivered its commissioning cargo to a new Chinese LNG terminal.