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Qatargas delivers LNG cargo to LMPT2 Map ta Phut Terminal in Thailand

Qatargas Operating Company Limited (Qatargas) has delivered a commissioning liquefied natural gas (LNG) cargo to Thailands newest LNG receiving terminal, LMPT2 Map Ta Phut LNG Terminal, located in Rayong Province of Thailand, West of Map ta Phut Port. The commissioning cargo was loaded in Ras Laffan on 04 June 2022 on the Q-Flex LNG vessel, Al Oraiq, with an overall cargo carrying capacity of 210,000 cubic meters. It arrived at LMPT2 Map ta Phut LNG terminal on 18 June 2022, Qatargas said in a press release. Qatargas has established a ...

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Stronger export margin, slow domestic demand support China’s Aug gasoil outflow jump

Stronger gasoil export margin, and slower than expected domestic demand recovery is likely support China to increase outflow of the barrel to over 1 million mt (240,000 b/d) in August, which can be a one-year high, refinery sources with knowledge about the matter and analysts said on Aug. 4. At the same time, Chinese refineries are likely to cut gasoline exports to as low as 400,000 mt this month from an average of about 930,000 mt in the first half of the year, while jet fuel outflows as the usual ...

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India backs down from coal import targets for utilities, notice shows

India has eased coal import targets for utilities, according to a notice from the power ministry reviewed by Reuters, setting aside a target for them to import 10% of their coal needs and marking yet another reversal in energy policy. State government-run utilities and private power producers should instead decide by themselves how much coal they need to import, according to the notice, which was sent to government officials and private utilities on Aug 1. “It has been decided that now onwards, states/independent power producers and Ministry of Coal may ...

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Taiwan buys 50,910 tonnes wheat of U.S.-origin in tender – traders

The Taiwan Flour Millers’ Association purchased an estimated 50,910 tonnes of milling wheat to be sourced from the United States in a tender which closed on Thursday, European traders said. The wheat was bought in one consignment comprising various wheat types for shipment from the U.S. Pacific Northwest coast between Sept. 21 and Oct. 5. Source: Reuters (Reporting by Michael Hogan)

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Bulgaria to open LNG tender to ward off gas shortages

Bulgaria’s energy ministry will launch a tender next week for liquefied natural gas (LNG) to prevent shortages during the peak demand winter season, caretaker Prime Minister Galab Donev said on Thursday. The European Union’s poorest member state met more than 90% of its gas needs from Russian gas imports until April 27, when Russia’s Gazprom GAZP.MM turned off supplies after Bulgaria refused to meet Moscow’s demand for payment in roubles. “Next week the energy ministry will announce a tender for short-term deliveries of liquefied natural gas so that consumption until ...

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India may lower wheat import duty, signals entry in tight global markets

India is potentially looking to introduce certain measures to contain soaring domestic wheat prices, an indication the country could enter global wheat markets as a buyer in a move that could further tighten supplies and boost FOB prices at key global exporters, sources told S&P Global Commodity Insights Aug. 4. While there was no official confirmation about the measures, trade bodies have been meeting with the government to find ways to tame prices, S&P Global has learned. Among the measures the government is mulling include a reduction in import duty ...

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Kazakh CPC crude loadings see ‘significant’ drop from 1.5 million b/d max: operator

Loadings of Kazakhstan’s flagship CPC Blend crude, which can amount to 1.5 million b/d, have been significantly reduced due to disruptions including a repair at the connection point between the CPC pipeline and the largest source of the crude, the Tengiz field, the pipeline operator said Aug. 3. The reduction, the latest in a series of disruptions to CPC supply in recent months, was not immediately confirmed by the upstream operators involved. In a statement, the CPC consortium said repairs were taking place at the entry point at the “head” ...

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German gas import costs surge 160% as imports drop 23%

German natural gas import costs rose by 160% in the first five months of 2022 from a year earlier, even though imports were down by 22.9%, official data showed on Wednesday. Europe’s biggest economy mainly imports gas from Russia, Norway, the Netherlands, Britain and Denmark, but has turned more to liquefied natural gas (LNG) since the Ukraine crisis. The May statistics from Germany’s foreign trade office are the third to reflect the impact of Russia’s invasion of Ukraine, which began on Feb. 24, and Western sanctions against what the Kremlin ...

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India’s July soyoil imports jump to record on duty free buying-dealers

India’s soyoil imports in July more than doubled from a month ago to a record high as refiners ramped up purchases to take advantage of New Delhi’s move to allow duty free imports of the vegetable oil to calm all-time high prices, five dealers said. Higher soyoil purchases by the world’s biggest edible oil importer will support U.S. soyoil prices BOc1, but will dent rival palm oil’s FCPOc3 share in Indian buying and force Malaysian and Indonesian sellers to offer discounts to regain the market share, trading sources said. The ...

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Bangladesh to cut gasoil imports to avoid fallout of dwindling forex reserves

Bangladesh will reduce imports of 0.005% sulfur gasoil by at least 20% within the next one year, as part of the country’s austerity drive to trim fuel oil purchases and save foreign exchange reserves, said Khaled Ahmed, the director of operations and planning at Bangladesh Petroleum Corp., or BPC. The country’s energy and mineral resources division under the Ministry of Power, Energy and Mineral Resources has already instructed BPC to reduce gasoil imports by at least 20% by June 2023, Ahmed told S&P Global Commodity Insights on Aug. 3. Bangladesh ...

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Romania has wheat surplus to export, farm min says as harvest nears end

Romania’s wheat harvest is large enough to cover its domestic needs and ensure a surplus for exports, Agriculture Minister Petre Daea said on Wednesday, with 96% of the crop reaped so far. High temperatures and prolonged drought have affected crops, particularly maize and sunflower seeds, across the country and preliminary ministry data on Wednesday showed damage to 205,257 hectares out of roughly 7 million of grain and oil-producing crops. Romania is among the largest grain sellers to the European Union and an active exporter to the Middle East. It reaped ...

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Romania has wheat surplus to export, farm min says as harvest nears end

Romania’s wheat harvest is large enough to cover its domestic needs and ensure a surplus for exports, Agriculture Minister Petre Daea said on Wednesday, with 96% of the crop reaped so far. High temperatures and prolonged drought have affected crops, particularly maize and sunflower seeds, across the country and preliminary ministry data on Wednesday showed damage to 205,257 hectares out of roughly 7 million of grain and oil-producing crops. Romania is among the largest grain sellers to the European Union and an active exporter to the Middle East. It reaped ...

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Iraq exports over 102 mln barrels of crude oil in July

Iraq exported 102.38 million barrels of crude oil in July at revenues of 10.6 billion U.S. dollars, said the Iraqi Oil Ministry on Monday. The average price for crude oil in July was 103.6 dollars per barrel, according to a ministry statement, citing statistics from the State Organization for Marketing of Oil. A total of 99.96 million barrels were exported from oil fields in central and southern Iraq via the Port of Basra, while about 2.34 million barrels from the northern province of Kirkuk via the Turkish port of Ceyhan ...

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EU 2022/23 soft wheat exports at 1.77 mln tonnes by July 31

Soft wheat exports from the European Union in the 2022/23 season that started last month had reached 1.77 million tonnes by July 31, data published by the European Commission showed. That compared to 1.57 million tonnes by the same week in 2021/22, the data showed. Unlike in its previous weekly publication, the Commission did not indicate that its grain export and import figures were possibly incomplete. However, the soft wheat exports appeared smaller than market estimates, particularly for France, the EU’s biggest wheat producer that saw a very busy loading ...

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Indian state bets big on oil palm to cut $19 billion vegoil imports

Pullarao Daravathu and thousands of fellow farmers from Telangana in India’s south are busy planting oil palms as their home state aims to add more area under the controversial crop within four years than the entire country has in decades. Telangana is targeting 2 million additional acres under oil palm cultivation in the next four years, and is going to great lengths to achieve this goal – from building large dams and irrigation canals to importing millions of germinated sprouts. Generous government subsidies and bumper profit potential compared to other ...

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