GECF: more than a quarter of 2050 natural gas supply untapped

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Sentyurin also acknowledged the role of Turkmenistan as one of the founders of the Forum, the 20 member countries of which today represent 71% of proven gas reserves, 45% of its marketed production, 53% of pipeline, and 60% of LNG exports across the world. Market Background Natural Gas

Plug Power expands hydrogen supply chain partner network in Spain with CLH

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Through the agreement, CLH will develop hydrogen production assets and downstream markets in Spain, in the industrial, mobility and power production/storage sectors for distribution to Plug Power customers throughout Europe. The CLH Group is the leading company engaged in the transport and storage of oil products in the Spanish market and the second-largest logistics operator in Europe in terms of the extension of its pipeline network and storage capacity. Plug Power Inc.,

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Saudi Arabia And Iran Reignite The Oil Price War

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The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. Saudi Arabia, OPEC’s largest producer, has been boosting oil production to offset supply disruptions elsewhere, including the anticipated loss of Iranian oil supply after U.S. The Saudis are also cutting their prices to the prized Asian market to lure more customers as they increase supply. a barrel above the Dubai/Oman average , used for pricing oil to Asia.

Oxea launches new phthalate-free plasticizer as C8/C10 trimellitate replacement

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C8/C10 trimellitates are predominantly used in this application area, but the supply situation for the natural C8/C10 alcohols from which they are derived is very difficult. Oxsoft L9 is a direct replacement for C8/C10 trimellitates: Produced on purpose, Oxea not only offers the linear C9 alcohol (n-Nonanol), but also the linear C9 trimellitate in order to fulfill market demand and ensure supply reliability. Oxea is owned by Oman Oil Company S.A.O.C.

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Singapore Company Trialing Natural Gas Econic Waste Collection Vehicle

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Singapore’s largest waste management company, Sembcorp, is starting a one-year field trial to assess market acceptance, cost-effectiveness and customer satisfaction of the Mercedes-Benz Econic waste collection truck with Natural Gas Technology. This marks the entry of the natural gas truck into the Asia market. In Singapore the methane is supplied by GPlus, the natural gas sales division of Sembcorp.

US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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More than 85% of the crude oil exports flowing through the Strait went to Asian markets, with Japan, India, South Korea, and China representing the largest destinations, EIA said. The Strait is located between Oman and Iran, and connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. Malacca is the shortest sea route between Persian Gulf suppliers and the Asian markets.

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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In delivering this important project into production we will be securing vital long-term energy supply to Japan.Ichthys production volumes represent more than 10% of Japan’s LNG imports at current. Ichthys will provide a long-term stable supply of cleaner energy to. million tons per year of LNG from the project to supply directly its customers. The Group has also secured long-term access to LNG re-gasification capacity located in key LNG markets.

Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

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Pending completion of investment sourcing, we are poised to press ahead with further market expansion and development of our higher volume model, the Fisker Atlantic. Earlier this month, Fisker signed an exclusive agreement with the Al-Futtaim Group, one of the Middle East’s most experienced automotive distributors, to build Fisker’s sales presence in fast-growing markets for performance and luxury cars. The EVer (Electric Vehicle extended range) powertrain of the Fisker Karma.

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