Downstream news

Centrica plc has announced the completion of its Grain LNG acquisition in partnership with Energy Capital Partners from National Grid for an enterprise value of £1.5 billion.

Aster has announced an agreement with Hitachi to acquire advanced compressor solutions to double its ethylene export capacity at the Aster Bukom island facility, Singapore.

VTTI has announced the commissioning of its new bitumen facility at VTTI Malaysia (ATB) – marking another milestone in VTTI’s continued growth and investment in Asia.

Centrica Energy has announced the signing of a long-term sale and purchase agreement to supply LNG to Exodus for Honduras.

Petrobras has announced that its Board of Directors has approved the 2026 - 2030 Business Plan (PN 2026 - 30).

LBC and Duisport have announced the signing of an MoU for the intention to initiate a joint development of a new inland ammonia and CO2 terminal in Duisburg, Germany.

Eni, through its satellite company Azule Energy – a 50:50 joint venture with bp and the operator of the New Gas Consortium (NGC) – inaugurated the NGC Gas Treatment Plant in Soyo, Northern Angola.

HES Botlek Tank Terminal (HBTT) has agreed on a new long-term agreement with one of its key customers, resulting in 65% of its storage capacity being dedicated to biofuels as of 1 January 2026.

The Zambia Development Agency has handed over the investment licence to China Zambia Petrochemical Corp. for the development of a US$1.1 billion crude-oil refinery and integrated energy complex in Ndola, Zambia.

On the Monday before Thanksgiving, the US retail price for regular-grade gasoline averaged US$3.06/gal., just ¢2/gal. higher than the same time in 2024, the EIA has reported.