Tag Archives: East Asia

Besides the Koreans. the Chinese too are planning multibillion-dollar optimization and expansion of two major oil refineries in Iran.

The carrier that the company is to deliver by the first quarter of 2020 will be designed to hold 180.000 cubic meters of LNG.

The group will pursue approximately 6.86 billion yuan ($1.05 billion) of the total contract value.

China has always implemented UN Security Council resolutions pertaining to North Korea in their entirety.

China’s natural gas use could almost triple from last year to about 600bn cubic metres by 2040.

Chongqing already has a relatively well-developed gas grid. and distributors there are keen to participate on the exchange.

China is Pyongyang’s main oil supplier.

Asia’s biggest economy has also become the second-largest importer of LNG.

For 2018. analysts predict accelerating growth in major economies and increased infrastructure spending.

India’s average monthly imports in 2017 of about 1.7 million tonnes are well still behind China’s 2.2 million tonnes.