SINGAPORE: SGX to launch petrochemical swaps and futures derivatives contracts next month

(EnergyAsia, November 21 2014, Friday) — Singapore Exchange (SGX) said it will begin offering petrochemical swaps and futures contracts from December 2 in response growing demand from industry players to hedge their trading positions. The exchange said it will introduce a set of five petrochemical derivatives tools in two phases, starting with the SGX Platts […]

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SINGAPORE: Pavilion Energy calls for joint effort with Malaysia to develop Asian LNG trading and pricing hub

(EnergyAsia, November 20 2014, Thursday) — Singapore and Malaysia should cooperate to jointly create a location and pricing service to serve the fast-growing liquefied natural gas trade (LNG) in Asia, said the CEO of Singapore’s state-owned Pavilion Energy Pte Ltd. Seah Moon Ming said Asia urgently needs transparent LNG pricing and price discovery that are […]

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INDIA: Adani Group says Modi government and Australia’s Queensland state offer to help develop coal mining project

(EnergyAsia, November 18 2014, Tuesday) — India’s Adani Group said it has secured agreements from the Indian government and Australia’s Queensland state to support its proposed US$7 billion investment to develop the Carmichael coal mine and rail and port infrastructure.   This complete article is available to Members Only […]  

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MARKETS: Brent well below US$80, WTI under US$75 as oil crashes to lowest levels since Sept 2010

(EnergyAsia, November 14 2014, Friday) — The oil markets continued crashing late into Thursday in the New York with North Sea Brent settling well below support at US$80 a barrel while US WTI broke through US$75. Brent settled at US$77.83, down US$2.46 from the previous day, while WTI was hovering at around US$74.42 in late […]

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ASIA: Turkmenistan, Afghanistan, Pakistan and India establish gas pipeline consortium

(EnergyAsia, November 14 2014, Friday) — The state gas companies of Turkmenistan, Afghanistan, Pakistan, and India have established a company that will build, own and operate a planned 1,800-km pipeline linking the four countries, said Asian Development Bank (ADB) which was appointed project adviser last November. The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline will be equally owned […]

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MALAYSIA: Petronas to acquire remaining 47% stake in Melaka refinery for US$635 million

(EnergyAsia, November 13 2014, Thursday) — Malaysian state energy firm Petronas said it will fully own Malaysian Refining Company Sdn Bhd (MRC) when it completes the buy-out of its US partner’s 47% stake for US$635 million in cash. Petronas will take full control of MRC’s 170,000 b/d refinery in Melaka state on the west coast […]

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CHINA: IEA says will keep watch over state-owned firms now in control 7% of global oil production

(EnergyAsia, November 12 2014, Wednesday) — Having invested a total of US$73 billion in upstream assets over the last three years, Chinese state-owned firms now control around seven percent of global crude oil production of over 93 million b/d, said the International Energy Agency (IEA).   This complete article is available to Members Only […] […]

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