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China, the King of Coal, Is Getting Gassy

With factories and power plants across China burning half the world’s coal, the government’s latest targets for using more natural gas to ease the country’s worsening air pollution seemed too ambitious. Though gas remains a small and expensive component in China’s fuel mix, demand is rising faster than expected for domestic and imported supplies. In April, consumption was 22 percent higher than the same month in 2016, and the total for the first four months of the year is up more than 12 percent, data from the National Development and ...

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`Gas Apocalypse’ Looms Amid Power Plant Construction Boom

The glut of cheap natural gas from a single, gigantic, shale basin that straddles the Northeast, mid-Atlantic and Midwest has sparked a massive construction boom of power plants. Dozens have been built in the past two years alone. There’s just one problem: There isn’t nearly enough electricity demand to support all the new capacity. And as wholesale electricity prices plunge, industry experts are anticipating a fire sale of scores of plants in the region. Many, in fact, have already been sold along the PJM Interconnection LLC grid, the nation’s largest, ...

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China’s Sinopec starts building largest domestic gas storage centre

Sinopec said on Wednesday it has started building the nation’s largest natural gas storage and logistics centre with the capacity to store up to 10 billion cubic metres of gas in Henan province in central China. The work comes as the world’s second-largest economy seeks to invest in infrastructure from pipelines to storage tanks as Beijing prepares to switch coal-fired boilers and heating systems across 28 of its smoggiest cities to gas or electricity by October. Source: Reuters (Reporting by Meng Meng and Beijing Monitoring Desk; Writing by Josephine Mason; ...

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Saudi Aramco plans up to $30 bln investment in Motiva by 2023

Saudi Aramco plans an investment of up to $30 billion in its U.S. subsidiary Motiva Enterprsies LLC, the company said in an announcement at a business summit in Saudi Arabia. The company said that $12 billion would be the initial investment in a project to expand refining capacity at Motiva’s Port Arthur, Texas, refinery, already the largest in the United States, and to extend Motiva’s operations in the petrochemical value chain, according to a statement about the investment. A likely additional investment of $18 billion is expected in Motiva by ...

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Rosneft reveals plans for its Far East LNG project

Russian state-owned oil company Rosneft plans to carry out FEED work (front end engineering and design) of the Far Eastern LNG plant construction project in 2017, the company said in statement. “In 2016, field work of the engineering surveys at sea and land sites near the De-Kastri district in the Khabarovsk Territory was completed, as well as pre-design work. In 2017 the FEED stage work is planned,” the company said. Far Eastern LNG project Rosneft plans to carry out the Far Eastern LNG project in partnership with ExxonMobil using gas ...

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Fuel economy improvements are projected to reduce future gasoline use

Anticipated changes in energy consumption by light-duty vehicles in the United States are based on two factors: the amount of travel and the fuel economy of the vehicles used. The Annual Energy Outlook 2017 (AEO2017) Reference case projects a decline in light-duty vehicle energy use between 2018 and 2040 as improvements in fuel economy more than offset increases in light-duty vehicle miles. The number of vehicle-miles traveled in the United States by light-duty vehicles set a record at 2.84 trillion miles in 2016. As the number of miles driven per ...

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BHP hires Barclays to divest U.S. shale gas assets – sources

BHP has hired Barclays to divest its U.S. Fayetteville shale gas assets as the miner seeks to fend off an attack by activist funds, two sources close to the matter said on Tuesday. BHP said last month the gas-rich Fayetteville field in Arkansas was under review and that it was “considering all options, including divestment”. BHP declined to comment and Barclays was not immediately available for a comment. The miner had tried to sell the business more than two years ago, but the attempt was shelved in February 2015, when ...

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DAPL Takes Months to Ramp up Throughput

The 470,000 b/d Dakota Access Pipeline (DAPL) will start operating in June, but the ramping up of throughput will take time as Bakken production rises. The pipeline will finally reach 75 percent of capacity by year-end 2017 according to ESAI Energy’s North America Watch. Production growth from the Bakken is starting to take hold as rig activity increases and more wells are completed in the second half of the year. Production is forecast to reach 1.1 million b/d by year-end 2017, about 130,000 b/d higher than at the start of ...

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China’s Unipec traded over 5m tonnes of LNG in 2016

Unipec, a trading subsidiary under China’s state-owned major Sinopec, traded around 5.5m tonnes of LNG in 2016, a sharp jump from the preceding two years. More than 2m tonnes of the 2016 volumes involved the resale of existing long-term contractual cargoes. The company traded 1.5m-1.6m tonnes in 2015 and 100,000 tonnes in 2014, Chen Bo, president of Unipec, said at the China LNG & Gas Summit on 17 May. Unipec delivered cargoes to countries including Singapore, South Korea, Japan, India and Mexico. Those cargoes were likely from Sinopec’s long-term 7.6mtpa ...

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Oman’s natural gas production, imports dropped marginally in Jan-April period

Oman’s natural gas production and imports edged down by 1 per cent to 13,532 million cubic metres (MNCM) for the first four months of 2017, compared with 13,670 MNCM in the same January to April period of last year. Natural gas production is expected to increase substantially once BP starts commercial production from its Khazaan tight gas project, which is expected in the fourth quarter of this year. Of this, non-associated gas and imports eased by 0.4 per cent to 11,261 MNCM, while associated gas production fell by 4 per ...

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Cheniere eyes LNG opportunities

Cheniere Energy is looking to channel some more energy into China. That energy comes in the form of liquefied natural gas, of which the Houston-based company is a major exporter. On May 11, the US and Chinese governments announced the first steps in their 100-Day action plan of the US-China Comprehensive Economic Dialogue. A month after US President Donald Trump and President Xi Jinping met in Florida, the two sides reached a consensus on issues in areas including agricultural trade, financial services, investment and energy. “The United States welcomes China, ...

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South Korean coal plant closures may lift LNG demand

Asian spot LNG prices held steady this week with little fresh activity, but fresh demand is expected after South Korea outlined plans to close ten old coal-fired power plants next month. Spot prices for July delivery were assessed at around $5.50 per million British thermal units (mmBtu), broadly in line with last week’s levels, according to trade sources. A month-long shutdown at Train 1 of Chevron’s giant Gorgon export plant in Australia, announced on Monday, had little impact amid weak shoulder-month demand in Asia. News of South Korean coal plant ...

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Cheap Gas Drilling Rouses Canada’s Permian of the North

Drilling rigs and roughnecks are hot commodities once again across the Montney shale formation in northern British Columbia and Alberta, and companies like Grimes Well Servicing Ltd. are having a hard time keeping up with demand. That’s because the Montney, unlike many parts of Canada’s oil and gas region, is seeing a surge of investment three years after the worst energy slump in decades. During the first four months of 2017, the number of wells drilled jumped 80 percent from a year earlier to 277, according to Calgary-based Grobes Media ...

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Black Sea diesel plant upgrade delayed by a year to 2019

Russia’s Rosneft has postponed plans to upgrade a plant on the Black Sea by around a year, delaying the supply of an additional 5.5 million tonnes of Russian diesel per year, industry sources told Reuters. Rosneft is building a new hydro-cracking unit at its refinery at the Black Sea port of Tuapse, to produce Euro 5 diesel fuel intended for export, primarily to the Mediterranean. The new plant, together with other upgrades underway at the refinery, will allow it to produce up to 5.5 million tonnes of Euro 5 fuel ...

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Traders Brace for First Winter Without U.K.’s Big Gas Store

For the first time in more than three decades, natural gas traders, utilities and producers are preparing for a winter without the U.K.’s biggest storage facility. With Centrica Plc’s North Sea Rough storage site almost empty after wells deteriorated, the U.K. is set to lose a quarter of its daily supply capacity during the winter as well as its ability to quickly respond to short-term swings in demand. Britain will import more fuel, which may be costly and create opportunities for traders and producers, as well as boost business for ...

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