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Asia Pacific demand to stay heart of LNG business 2010-15: Bentek

p>Demand for LNG in the Asia Pacific region is forecast to grow by 7.8 Bcf/d from 2010 to average 25.4 Bcf/d in 2015, with the region remaining the heart of the LNG business, US-based energy analyst Bentek said in a report released Thursday. Bentek added that demand growth would ...

Europe: Spanish coal miners claim partial success after two-day strike

p>Spanish miners returned to work Friday, amid claims that a two-day national strike over unpaid wages and potential subsidy cuts had ended in a partial success. Private mining companies Victorino Alonso and Lamelas Viloria paid off about a third of an estimated Eur367 million (...

Americas: Shale gas revolution could lead to higher global gas prices: study

p>Uncertainty over the future development of shale natural gas plays is limiting investment in both conventional and unconventional gas projects in Western Europe and the US and setting the stage for possible higher fuel costs in the future, according to a report released by ...

Europe: Italy's Edison would consider linking ITGI gas link with Nabucco

p>Italy's Edison, a 50% stakeholder in the planned Interconnector Turkey-Greece-Italy gas pipeline, would not rule out creating a link to the rival Nabucco project, an Edison spokesman said late Thursday. Germany's RWE, one of the Nabucco consortium partners, has proposed a ...

Asia: WRAP: South Korea wins takeover battle for Dana Petroleum

p>State-owned Korea National Oil Corp won its $2.9 billion hostile bid for Britain's Dana Petroleum Friday after the independent conceded defeat as the offer edged closer to a compulsory takeover. The move paves the way for resource-hungry South Korea to take control of Dana's ...

Americas: US heating oil reserve to follow strictest state sulfur rule: DOE

p>The US Northeast Home Heating Oil Reserve will follow the most stringent heating oil sulfur rules now being set by states to ensure the emergency stockpile can be used throughout the region, a spokeswoman for the Department of Energy said Thursday. "Yes, the changes in state ...

China: Oct Shengli crude settlement price drops 3.15% to Yuan 3,812/mt

p>With reference to the fluctuations in Duri crude prices in September, China's top oil refiner Sinopec cut its settlement price of domestic Shengli crude to be supplied to Shandong independent refineries in October, according to refinery sources. The oil major trimmed the price ...

Europe: Russia's Lukoil plans to launch new Caspian field every 2-3 years

p>Lukoil plans to commission new fields in the Russian sector of the Caspian Sea every two or three years if the Russian government provides tax incentives such as a lower export duty, a company spokesman said Friday. Thursday, the Russian government approved a reduced export ...

Asia: BASF to establish world-scale production of water treatment and paper chemicals in Nanjing, China

BASF has decided to establish a wholly-owned world-scale production base for water treatment and paper chemicals in Nanjing, China, with the construction of a 40,000 t/a quaternized cationic monomers plant and a 20,000 t/a cationic polyacrylamides plant. The two BASF plants, ...

China boosts 2011 oil product import quotas under non-state-operated category by 15%

p>China set oil product (fuel oil) import quotas under non-state-operated category at 16.2-mil mt for 2011, notably up 15% from 2010, according to an announcement by the Ministry of Commerce (MOFCOM) on Sep 17. MOFCOM has loosened conditions for applicants, said a source with ...

Americas: US propylene inventories gain for second straight week: EIA

p>US propylene inventories posted slight gains for the week ending September 17, gaining 101,000 barrels to close at 2.559 million barrels, according to data released by the Energy Information Administration. The increased marked the second consecutive week of gains, bringing the ...

European styrene plant shut downs fail to reduce oversupply

p>European styrene monomer supplies are so ample that the recent shutdowns at BASF and Polimeri have not eaten into the oversupply, market sources. BASF's 550,000 mt/year unit at Ludwigshafen and its 500,000 mt/year Antwerp unit were both down in September but they failed to ...

Asia: South Korea's Daewoo stops trade with Iran orthoxylene producers

p>South Korea's Daewoo International, which used to buy about 3,000 mt of orthoxylene from producers based in Iran every month, will now buy cargoes from producers in Taiwan and South Korea instead, a source close to the company said Friday. "As of now, Daewoo is not buying OX. ...

Japan opens third 'pluthermal' plant

Japan on Thursday started its third plutonium-uranium mixed oxide fuel power generation at Tokyo Electric Power Co.'s Fukushima No. 1 nuclear power plant. According to Japan s energy ministry, the No. 3 reactor at the plant in Okuma, Fukushima Prefecture, is the third in Japan ...

Americas: OTC coal prices move higher on gas, financial player action

p>Over-the-counter coal prices across all products pushed higher on Thursday as October NYMEX natural gas futures closed above the $4.00/MMBtu mark. NYMEX look-alike gains pulled the other types of coal higher again. October look-alike traded at $62/st, $1/st higher than ...

Camelina may become excellent biofuel

University of Nebraska-Lincoln scientists Ed Cahoon and Tom Clemente have received $500,000 as three-year grant from US Department of Agriculture to do research on Camelina crop s potential for development as industrial lubricants. There may never be huge expanses of camelina ...

Asia: Coking coal supply abundant, but spot prices stay firm

p>Spot coking coal prices have so far remained stable, close to quarterly contract prices, despite an abundance of cargoes on offer in the market. Most Platts spot assessments for hard coking coal were unchanged Friday, with the exception of the China import price for mid-vol ...

Oil pares overnight gains on economic worries

Global oil prices edged lower again to drop below $75 a barrel mark in Asian trade Friday after an overnight recovery owing to mixed US and Europeean economic data. Light sweet crude for November delivery was seen trading at $ 74.94 a barrel at 12.30 p.m Singapore time while ...

Australia to have largest solar power station

Victoria is set to have the largest solar power station in Australia with the Victorian Government committing $100 million to a new large-scale solar development in the State s north-west. In Mildura, Mr Brumby announced that the Victorian Government would back a bid by energy ...

Gold breaks $1300, oil climbs back in New York

Oil and gold prices closed higher again for the week Friday, mainly after equity markets surged while a weak dollar boosted safe haven appeal of these hot commodities. Lifght sweet crude for November delivery closed at $76.49 a barrel in Nymex while Brent Sea crude for November ...
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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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sports

Yao's gift of sport for all
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