Entries from Asian Chemical Connections tagged with 'Qatar'
Multiple Energy Options In China
Source of table: The Economist By John Richardson WHEN you are an energy giant such as Shell you can afford to explore multiple avenues in an effort to profit from China's long-term energy needs. Thus Shell re-affirmed last...
June China Lending Disappoints
By John Richardson POLYETHYLENE (PE) and polypropylene (PP) offer prices were reportedly on the rise across Asia earlier this week on increasing geopolitical tensions over Iran that led to a hike in crude prices. "Butene-grade linear-low density (LLDPE) offers...
Asian Operating Cuts Not Enough
By John Richardson ASIAN naphtha cracker operators have cut production in response to the exceptionally weak China market, according to ICIS. Yeochun Naphtha Cracker Centre (YNCC) has, for instance, lowered operating rates to 90 percent from 100 percent at its...
Saudi Worries About China Netbacks
By John RichardsonHere is the first of a three blog posts on what is happening in China's polyolefins markets. Today, we look at the Middle East and tomorrow and Thursday we present the perspective of traders and Western-headquartered...
China's Shale Gas Potential
By John Richardson THE shale-gas revolution, which, of course, is already well underway in the US, could also have major implications for petrochemicals in China. China has 1,275 trillion cubic feet of recoverable shale-gas reserves, according to the Energy Information...
Saudi Gas Costs Head Higher
By John Richardson SAUDI Arabia's petrochemical producers could soon, or may already, be paying $1.50-2.00/mmBTU for their ethane supplies. "We are not sure whether the proposed increase from $0.75/mmBTU will take place from 1 January this year or from early 2013,...
Don't Underestimate The Middle East
Source of picture: Wikimedia Commons By John Richardson THE theme of last week's Gulf Petrochemicals and Chemicals Association (GPCA) conference in Dubai was "Moving Downstream, Creating Added Value and Sustainable Growth". There is a huge effort underway in...
Banking on gas
By Malini Hariharan Is the International Energy Agency (IEA) being extremely bullish in predicting a 'golden age' for natural gas over the next 25 years? In a recently released report (available here) the IEA forecasts a 55% growth in global...
Saudi Crackers Could Soon Be At 100%
By John Richardson SAUDI ARABIA'S crackers could soon be running at operating rates of 100% again following widespread reports quoting the al-Hayat newspaper that the country's crude production is set to rise to 10m barrels a day in July. Al-Hayat, a...
Saudi Petchem Output Increase
By John Richardson YESTERDAY'S fractious OPEC meeting - where members were unable to agree on a proposal by the four biggest members to raise output - may not necessarily be good news for petrochemicals. For a long time the...
APIC Delegates Focus On Capacity
By John Richardson THE article of faith publicly expressed at last week's Asia Petrochemical Industry Conference (APIC) in Fukuoka, Japan, was that the current problems with demand in China and India were only temporary. Discussions the blog held were packed...
Middle East Social Pressures & Gas Supply
By John Richardson THE blog held a fascinating discussion with a very well-placed industry observer last week, further underlining some of the key challenges facing the Middle East.. These include the well-documented feedstock shortages that will result in a dearth...
Qapco studies expansion and Echem looks to Sabic
By Malini Hariharan Investment activity is picking up in Qatar. After Total, Shell and ExxonMobil confirmed their interest in new projects, Qatar Petrochemical Co (QAPCO) is talking on expanding its cracker. The company is working on expanding its 720,000 tonne/year...
Will Three Still End Up As One in Qatar?
By John Richardson SHELL Chemicals announcement that it has signed a memorandum of understanding (MOU) for a cracker and derivatives project in Qatar seems to have upped the ante in what could be a struggle for only one parcel of...
Total waits for Qatar to decide
By Malini Hariharan Qatar Petroleum seems to be in no rush to sign up a foreign partner for its next cracker project. With doubts about ExxonMobil's participation, the field has narrowed to Total Petrochemicals and Shell. Total's proposal for a...
Oversupply In Petchems Still On The Way
Perhaps not just yet.... By John Richardson COULD it be that some chemicals industry players and observers, in the great galloping rush to join the supercycle stampede, have got ahead of themselves in predicting that we are already through the...
Diminishing Returns From Middle East Projects
Downtown Riyadh By John Richardson As my fellow blogger Malini Hariharan wrote last week "the projects environment in the Middle East has irrevocably changed" and with it the rather glib and outdated assumption still being frequently made...
ExxonMobil Says Qatar C2s Still On
By John Richardson EXXONMOBIL is insisting that its cracker and derivatives project with Qatar Petroleum is still on despite a media report to the contrary. It certainly seems as if there are several suitors for this particular bride - perhaps...
ExxonMobil Formally Out Of Qatar C2s - Report
Qatar Builds Its Future Source of picture: The New York Times By John Richardson EXXONMOBIL and Qatar Petroleum have formally ended their agreement to build a $6bn petrochemical complex in Qatar, says a report by the Middle East...
Qatar Petroleum, ExxonMobil Delay Qatar Cracker
By John Richardson Qatar Petroleum and ExxonMobil have delayed the start-up of their 1.6m tonne/year cracker and derivatives project in Qatar, my colleague Anna Jagger reported on ICIS news yesterday - quoting sources familiar with the project. This confirms an...
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