As countries around the world look to ways to use emission-free vehicles as a mainstream form of transportation, hydrogen cars are increasingly making their way into the spotlight, even with the popularity of battery electric vehicles. H2-powered vehicles aren’t a new form of technology but are being taken more seriously …
Read More »Asian Refiners Pour Billions into Transition Petrochemicals
The idea that the energy transition to an energy system dominated by wind and solar power appears to be at odds with the idea of an oil and gas refining industry. Yet this is a superficial contradiction: wind and solar cannot exist without oil and gas refining. Now, Chinese refiners …
Read More »Asia Buys Near-Record Volumes of US Crude, Replaces MidEast Oil
Asian refiners have booked near-record volumes of U.S. crude to be shipped in August, replacing Middle Eastern oil, as competitive prices and ample supplies attracted heavy buying, according to trade sources. The jump in U.S. imports comes on the back of strong Chinese demand for Brazilian oil in the third …
Read More »Asia must Reach Net Zero before the World can do so, Says Petronas CEO
Asia needs to achieve net zero before the world can do so, according to the CEO of Malaysia’s state-owned oil and gas company Petronas. “The bulk of the emissions [that] are expected to emit will be produced in Asia going forward,” Tengku Muhammad Taufik told CNBC’s JP Ong Tuesday on …
Read More »Asia Surges Ahead in the Global EV Race
China has been leading the electric vehicles (EV) manufacturing race in recent years, and now the region can expect a big EV infrastructure boost to promote the uptake of environmentally friendly vehicles. Both China and India expect to see huge investments in their EV industries, with the construction of thousands …
Read More »Saudi Aramco to Supply Full Oil Volumes to some Asian Refiners in July
Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in July, several sources with knowledge of the matter said on Monday, after it pledged to cut production next month. Saudi Arabia, the world’s top oil exporter, vowed to reduce …
Read More »Asian Buyers Scramble for Alternative Oil Supplies after Saudi Price Hike
Several buyers in Asia are looking to buy spot oil cargoes from Russia, Africa, Brazil, or the United States after the world’s top crude exporter, Saudi Arabia, unexpectedly raised its official selling prices for its crude going to Asia in July. At least three refiners in Asia are looking to …
Read More »China Launches Asia’s Biggest Coal Carbon Capture Plant
China Energy Investment Corporation, a state-owned electricity generator, has started up a carbon capture project at one of its thermal coal power plants which will be the biggest such carbon capture facility in Asia. The carbon capture, utilization, and storage (CCUS) facility at the Taizhou thermal coal power plant will …
Read More »Asian Gas Premium Puts Europe in Competiton for LNG this Summer
Spot prices for liquefied natural gas in Asia are trading at a consistent premium over the European benchmark for the rest of this year, signaling that competition for the fuel could tighten if demand rebounds. Exports from the US are currently more profitable to Asia in July, August and September, …
Read More »China-Central Asia: Turkmenistan Gas Promotes Green Development
For Turkmenistan, energy cooperation with China has injected momentum for the natural gas-rich country’s export diversity strategy and secured a stable and huge market. It has also unlocked potential in areas including green energy, natural gas utilization, energy technologies and equipment to enhance cooperation across the industrial chain. Turkmenistan is …
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