Downstream news

Höegh Evi has entered into an agreement with Petroleum Sarawak Berhad to jointly develop the proposed Kuching LNG terminal in Malaysia.

Dondel has officially launched its green hydrogen-coupled, CO2 to-sustainable aviation fuel (SAF) project in Xinjiang, China.

KKR has announced the signing of definitive agreements under which funds managed by KKR will make a majority investment in Cisternina Logistics Private Ltd, a bulk liquid and gas storage and logistics business in India.

Westlake Corp. has announced that, in light of challenging market conditions, the company is taking action to improve profitability by closing its polyvinyl chloride (PVC) plant in Cologne, Germany.

PIF Energy has announced a planned US$2 billion investment to acquire up to 15 crude oil tankers, adding seaborne transport capacity at a time when disruption around the Strait of Hormuz and tight refined-product markets are intensifying the global fuel crisis.

NorSAF has agreed to collaborate with Nova Pangaea Technologies to develop an advanced ethanol production plant in Latvia to supply NorSAF’s SAF facility.

Société Africaine de Raffinage (SAR) has signed an agreement with Yamata for the construction of a second refinery of 4 million tpy and the modernisation of the Mbao refinery, Senegal.

The construction of the fourth LNG storage tank at the Gate terminal in Rotterdam, the Netherlands, has been completed as scheduled.

US propane exports increased to 2 million bpd in 1H26, 11% more than during the same period in 2025, the US EIA has reported.

The range of plausible outcomes has widened substantially for the global energy system, according to McKinsey & Company’s Global Energy Perspective 2026.