CHINA: Product exports fall on rising domestic oil demand, refining sector’s consolidation

(EnergyAsia, February 12, 2022, Saturday) — China’s oil products exports will likely decline in the medium term owing to an on-going consolidation of its refining sector and Beijing’s focus on meeting the needs of domestic consumers. There is also environmental pressure to curb the country’s carbon emissions….

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Rystad: Southeast Asia’s oil and gas output slumped to lowest since 1998

(EnergyAsia, December 27, 2021, Monday) Rystad Energy —- The Covid-19 pandemic has marked the end of an era for Southeast Asia’s combined oil and gas production, pushing the region’s output in 2021 to below 5 million barrels of oil equivalent per day (boepd) for the first time since 1998, a threshold that is not likely (more…)

NEW ZEALAND: Sole refinery could become import and storage terminal

(EnergyAsia, August 2, 2021, Monday) — New Zealand could become the first industrialised economy to be without an oil refinery when investors vote Friday August 6 to decide whether to convert the country’s only fuel-producing plant into an import and storage terminal….

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INDONESIA: Oil storage projects could spur economic development of eastern provinces

(EnergyAsia, June 19, 2021, Saturday) — Indonesia is hoping to jumpstart the economy of two of its poorest provinces with the construction of oil storage tanks and a jetty in the country’s remote easternmost major port city of Sorong….

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INDONESIA: COVID-19, lack of foreign interest threaten $60 billion plan for refining sector

(EnergyAsia, April 29, 2021, Thursday) — Indonesia’s proposed US$60 billion plan to expand and upgrade its ageing oil refining sector is at risk of being held back by the lack of interest from foreign investors and the economy’s continuing uncertain outlook….

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MARKETS: Suez blockage highlights Asia’s vulnerability to disruptions, says Wood Mackenzie

(EnergyAsia, April 10, 2021, Sunday) — The following is a series of comments written by analysts at consulting firm Wood Mackenzie. Introduction by Gavin Thompson, Asia Pacific vice chair of Wood Mackenzie. Asia’s economies are intimately linked to global maritime trade. Cargo vessels sailing from the ports of Northeast Asia’s export giants supply the consumers (more…)