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Tag Archives: asia

Governor launches Asia trip to talk promote Alaska gas

Gov. Bill Walker’s office provided a dispatch from Tokyo on Monday, saying he has launched a weeklong series of meetings in Japan to highlight Alaska’s efforts to produce its natural gas and sell it in a liquefied form in Asia. Walker and two members of his administration — Natural Resources Deputy Commissioner Marty Rutherford and Alaska Gas Team member Audie ...

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Oil prices to stay low amid glut, say analysts

SINGAPORE – Oil prices are likely to stay low for a long time as Iran is poised to rejoin the global economy, according to analysts. Talks between Iran and six major powers concluded earlier this month in a deal that gives the long-isolated Middle East economy the green light to export crude oil, in exchange for restrictions on its nuclear ...

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New S.African crude blending terminal to supply Asia from 2017

CAPE TOWN – Using the world’s first dedicated crude oil blending terminal, South Africa will by 2017 mix different grades of crude oil for export to refineries across Asia, enabling them to produce cleaner fuels more cheaply, an official said on Thursday. Construction of the 2 billion rand ($161 million) fuel blending farm, which consists of 12 massive concrete bunkers, ...

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China natgas output drops for 2nd month, price cut eyed

BEIJING – China’s natural gas output fell 2 percent in May from a year earlier, official data showed on Thursday, its second straight month of decline as the market expects Beijing to announce another price cut in the coming months to lift slowing demand. Output recorded a 2.9-percent year-on-year drop in April, to 9.4 billion cubic meters (bcm), the lowest ...

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