Chemical News
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Surging industrial gas demand, exports reverse downward trend at Henry Hub Apr 21,2021
Henry Hub forward gas prices are on the rise again in late April, thanks to a tightening supply balance along the US Gulf Coast where industrial and export activity appear to be ramping up. After bottoming out near $2.60 in early April, the Henry Hub balance-2021 forward curve has climbed 26 cents, or about 10%, most recently settl...>>>
Scrubber uptake may gain pace on shippers' move to decarbonize Apr 09,2021
Singapore—The use of exhaust gas cleaning systems, also known as scrubbers, on board vessels, is likely to get a leg-up as the global marine fuel sector works through potential solutions to decarbonize, industry sources said. Vessel owners have increasingly been considering potentially feasible options and an investment outlay that...>>>
US working natural gas volumes in underground storage declines 192 Bcf: EIA Feb 05,2021
Denver—A string of massive weekly US natural gas storage withdrawals, starting with the 192 Bcf pull reported Feb. 4, have the potential to unravel recent forecasts, and prompt stocks to enter next year's heating season more than 600 Bcf below the five-year average, marking a dramatic year over year reversal. Natural gas storage in...>>>
Biden climate order poses questions for gas project finance, LNG efforts Jan 29,2021
Washington—Efforts to curtail financing of international fossil fuel infrastructure development received a substantial boost from the Biden administration's broad climate executive order rolled out Jan. 28. A provision in the order directed US treasury and energy secretaries to work with two key financing entities—US Export-Import ...>>>
Abu Dhabi launches tender for waste-to-energy plant Jan 25,2021
Dubai—Emirates Water and Electricity Co. and Abu Dhabi Waste Management Center (Tadweer) have launched a competitive tender for the development of a greenfield waste-to-energy independent power project (IPP), the companies announced Jan. 24. The deadline to submit an expression of interest to EWEC is Feb. 11. The plant will be loca...>>>
REFINERY MARGIN TRACKER: Global refining margins fall but pick up by week's end Jan 12,2021
New York—Average global refining margins fell in the week ending Jan. 8, as rising crude prices were not matched by refined product gains, but began to pick up toward the end of the week as gasoline and diesel prices strengthened, an analysis from S&P Global Platts showed Jan. 11. The decision by Saudi Arabia to voluntarily cut 1 m...>>>
Wind energy powers more than half of UK electricity for first time Jan 11,2021
Wind power accounted for more than half of Britain's daily generated electricity on Saturday in the wake of Storm Bella, according to energy giant Drax. The percentage of wind power in the country's energy mix hit a record 50.67 percent on Saturday, the company said over the weekend, beating the previous record of 50 percent in Aug...>>>
US steel market sentiment remains bullish: Platts survey Jan 06,2021
Pittsburgh—Bullish sentiment was expected to persist in January in the US steel market, according to the monthly survey of the market by S&P Global Platts, with most participants expecting higher steel and raw material prices in coming weeks, as well as increased production, but unchanged inventory levels on average. In the survey ...>>>
Oil, gas production helping strengthen energy security Dec 31,2020
Significant results in exploration, coal bed extraction China has made progress in increasing domestic oil and gas production over the past five years, while the country vows to continuously step up construction of storage facilities and accelerate building trunk oil and gas pipelines to further ensure domestic energy security....>>>
Gazprom signed gas supply & gas infrastructure expansion programs with 67 Russian regions for 2021–2025 Dec 30,2020
St. Petersburg, Neftegaz.RU. Gazprom Board of Directors discussed on December 23 the ongoing implementation of the company's programs, aimed at expanding gas supplies and gas infrastructure in Russian constituent entities, synchronization with regional programs for converting housing and utilities, industries and other entities to gas, as well...>>>
International Chemical Exhibition
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