GAIL India in talks with 8 suppliers for long-term LNG supplies
GAIL, India's state-owned gas energy remains in talks with eight prospective suppliers for long term tie-up of LNG, the company stated in its yearly record for financial year April 2010-March 2011 offered on its site.
It has actually also authorized agreements with 19 worldwide sellers to purchase place LNG, the record showed.
Throughout the last financial year, GAIL signed a short term contract with Japan's Marubeni for 0.48 million mt/year of LNG, receiving the initial freight in February 2011.
silicone additives imported 0.20 million mt of LNG on a place basis from various worldwide vendors to supplement shortages in residential gas production.
GAIL additionally sourced 80 million cu m of place regasified LNG last through its joint endeavor partner Petronet LNG.
In the April-June quarter, the first quarter of the company's current , GAIL imported 4 LNG spot freights. It got 2 LNG area freights in July and also said it anticipated to obtain two even more in August as well as was most likely to take one cargo a month for the rest of the fiscal year.
To support higher LNG imports, your business will check out the opportunity of establishing new LNG terminals and tie-up added regasification abilities in existing/upcoming terminals, GAIL stated.
Earlier GAIL had shown its passion in going after an LNG import and also regasification terminal on the country's eastern shore either on its own or with Petronet LNG in which it has a 12.5% risk.
The company also said it was targeting equity linked LNG worldwide in addition to sourcing gas from domestic blocks.
GAIL claimed it was going after an opportunity in for engagement in shale gas possessions in the United States so regarding prepare with the ability as well as technical expertise for participation in the Indian residential shale gas bidding process rounds as and also when they are announced.
GAIL currently has more than 8,000 km of gas pipe network and 170 million cu m/d (6 Bcf/d) of bandwidth.
By the end of this financial year GAIL aims to attain transmission capacity of 220 million cu m/d and 10,000 km of pipelines.
It has actually also authorized agreements with 19 worldwide sellers to purchase place LNG, the record showed.
Throughout the last financial year, GAIL signed a short term contract with Japan's Marubeni for 0.48 million mt/year of LNG, receiving the initial freight in February 2011.
silicone additives imported 0.20 million mt of LNG on a place basis from various worldwide vendors to supplement shortages in residential gas production.
GAIL additionally sourced 80 million cu m of place regasified LNG last through its joint endeavor partner Petronet LNG.
In the April-June quarter, the first quarter of the company's current , GAIL imported 4 LNG spot freights. It got 2 LNG area freights in July and also said it anticipated to obtain two even more in August as well as was most likely to take one cargo a month for the rest of the fiscal year.
To support higher LNG imports, your business will check out the opportunity of establishing new LNG terminals and tie-up added regasification abilities in existing/upcoming terminals, GAIL stated.
Earlier GAIL had shown its passion in going after an LNG import and also regasification terminal on the country's eastern shore either on its own or with Petronet LNG in which it has a 12.5% risk.
The company also said it was targeting equity linked LNG worldwide in addition to sourcing gas from domestic blocks.
GAIL claimed it was going after an opportunity in for engagement in shale gas possessions in the United States so regarding prepare with the ability as well as technical expertise for participation in the Indian residential shale gas bidding process rounds as and also when they are announced.
GAIL currently has more than 8,000 km of gas pipe network and 170 million cu m/d (6 Bcf/d) of bandwidth.
By the end of this financial year GAIL aims to attain transmission capacity of 220 million cu m/d and 10,000 km of pipelines.
Tight supply, firm Asian need, climbing feedstock prices push US EDC to 26-month high
United States ethylene dichloride costs were analyzed Thursday at $325-335/ mt FOB US Gulf, a spike of $30/mt week on week, in the middle of tight accessibility, strong need from Asia and also an increase in feedstock costs, said resources.
The rate goes to its greatest considering that October 20, 2011, when it was assessed at $325-335/ mt FOB USG, Platts information showed.
"Our ethylene part price for EDC manufacturing is around $330/mt and till a person turns up with a proposal near $360/mt FOB USG, we do not expect to make additional spot EDC," a source with a significant producer said. A lot of the United States EDC production complies with specific agreement quantities and rates, which leaves little leftover item for place trading, sources stated.
The spike popular complies with decreased production prices in Asia as well as Europe, which in turn has actually boosted exports need and also cost traders want to supply for any type of spot product." [The spot cost for EDC in] Southeast Asia is around $410/mt as well as [the cost of delivering the freight from the US to Southeast Asia is] around $70/mt. [While] US rates have shown up in the last few weeks, we are not seeing producer deals at $330/mt yet," one trading source said.
In coatings additives suppliers , United States area ethylene was evaluated Thursday at 58.25-58.75 cents/lb FD USG-- a near six-month high, as December quotes were heard at 55 cents/lb Mont Belvieu Williams pipe, deals were listened to at 61 cents/lb Mont Belvieu Williams pipe as well as traded at 57.75 cents/lb Mont Belvieu Williams pipe.
Ethylene by means of the Choctaw pipe in Louisiana was listened to bid at 61 cents/lb and also offered at 65 cents/lb for December distribution. For January shipments, trades were heard done at 58.50 cents/lb Mont Belvieu Williams pipeline and also 59 cents/lb Mont Belvieu Williams pipeline.
The ethylene spot price went to its highest possible given that the June 20 analysis of 59.50-60 cents/lb FD USG, Platts information showed. United States chlorine costs got $10/st week on week evaluated Tuesday at $220-230/ st FOB plant, as downstream PVC costs gained unanticipated grip at the end of the year, pushing demand for chlorine higher, sources stated.
The rate goes to its greatest considering that October 20, 2011, when it was assessed at $325-335/ mt FOB USG, Platts information showed.
"Our ethylene part price for EDC manufacturing is around $330/mt and till a person turns up with a proposal near $360/mt FOB USG, we do not expect to make additional spot EDC," a source with a significant producer said. A lot of the United States EDC production complies with specific agreement quantities and rates, which leaves little leftover item for place trading, sources stated.
The spike popular complies with decreased production prices in Asia as well as Europe, which in turn has actually boosted exports need and also cost traders want to supply for any type of spot product." [The spot cost for EDC in] Southeast Asia is around $410/mt as well as [the cost of delivering the freight from the US to Southeast Asia is] around $70/mt. [While] US rates have shown up in the last few weeks, we are not seeing producer deals at $330/mt yet," one trading source said.
In coatings additives suppliers , United States area ethylene was evaluated Thursday at 58.25-58.75 cents/lb FD USG-- a near six-month high, as December quotes were heard at 55 cents/lb Mont Belvieu Williams pipe, deals were listened to at 61 cents/lb Mont Belvieu Williams pipe as well as traded at 57.75 cents/lb Mont Belvieu Williams pipe.
Ethylene by means of the Choctaw pipe in Louisiana was listened to bid at 61 cents/lb and also offered at 65 cents/lb for December distribution. For January shipments, trades were heard done at 58.50 cents/lb Mont Belvieu Williams pipeline and also 59 cents/lb Mont Belvieu Williams pipeline.
The ethylene spot price went to its highest possible given that the June 20 analysis of 59.50-60 cents/lb FD USG, Platts information showed. United States chlorine costs got $10/st week on week evaluated Tuesday at $220-230/ st FOB plant, as downstream PVC costs gained unanticipated grip at the end of the year, pushing demand for chlorine higher, sources stated.
SPOILER ALERT!
Australian upstream market pounds new 'water set off' guideline
The Australian oil and gas sector has actually condemned as "anti-development" government regulation gone by the Senate Wednesday which introduces new policy of coal as well as coalseam gas jobs that affect water sources.
" This law will certainly add big expenses to company and federal government, yet provide no environmental gain," according to Australian Petroleum Manufacturing and Expedition Association Chief Executive Officer David Byers.
The so-called government "water trigger" guideline is in direct contravention of a 2012 arrangement by the Council of Australian Federal governments to lessen replication in environmental authorizations processes and "has more to do with politics than scientific research," APPEA said. Previously, environmental law of coalseam gas jobs was the obligation of state federal governments.
" The fact that a costs so widely recognized as anti-business-- and so extensively ridiculed as being politically-motivated-- can be waived through the Us senate sends a dreadful message," Byers stated. " silicone additives -development supports of this bill reflect inadequately on the charm of Australia as a location to do business," he added.
" The growth of a costs assisted by ecological-- instead of political-- objectives would certainly have consisted of examination with afflicted market, a governing influence statement as well as collaboration with state and territory federal governments. Yet as opposed to the basic purposes of the Act, the government has in this circumstances transferred to actively leave out state federal governments from future bilateral contracts on this issue," Byers stated.
" Green tape, regulative and monetary uncertainty, as well as dangers of market treatment each substance to undermine the confidence required to provide the following wave of Australia's sources boom," he included. "With the Bureau of Power and also Resource Economics just recently reporting that around A$ 150 billion [$ 142 billion] of high value power and also resource projects have been postponed or terminated because April 2012-- and the Grattan Institute only this week highlighting the immediate requirement to reduce green tape-- now is the time to eliminate regulatory hurdles; not develop new ones."
" This law will certainly add big expenses to company and federal government, yet provide no environmental gain," according to Australian Petroleum Manufacturing and Expedition Association Chief Executive Officer David Byers.
The so-called government "water trigger" guideline is in direct contravention of a 2012 arrangement by the Council of Australian Federal governments to lessen replication in environmental authorizations processes and "has more to do with politics than scientific research," APPEA said. Previously, environmental law of coalseam gas jobs was the obligation of state federal governments.
" The fact that a costs so widely recognized as anti-business-- and so extensively ridiculed as being politically-motivated-- can be waived through the Us senate sends a dreadful message," Byers stated. " silicone additives -development supports of this bill reflect inadequately on the charm of Australia as a location to do business," he added.
" The growth of a costs assisted by ecological-- instead of political-- objectives would certainly have consisted of examination with afflicted market, a governing influence statement as well as collaboration with state and territory federal governments. Yet as opposed to the basic purposes of the Act, the government has in this circumstances transferred to actively leave out state federal governments from future bilateral contracts on this issue," Byers stated.
" Green tape, regulative and monetary uncertainty, as well as dangers of market treatment each substance to undermine the confidence required to provide the following wave of Australia's sources boom," he included. "With the Bureau of Power and also Resource Economics just recently reporting that around A$ 150 billion [$ 142 billion] of high value power and also resource projects have been postponed or terminated because April 2012-- and the Grattan Institute only this week highlighting the immediate requirement to reduce green tape-- now is the time to eliminate regulatory hurdles; not develop new ones."
SPOILER ALERT!
Amidst soaring costs, US ethanol plants come close to spring turnarounds
Despite ethanol costs at their highest degree in virtually 8 years, several ethanol production centers in the United States Midwest will certainly undergo springtime upkeep turnarounds in the coming weeks, resources claimed Tuesday.
Flint Hills Resources will decline corn at its 90 million gal/year center in Iowa Falls, Iowa, from March 31 to April 11 for a springtime turnaround, the company stated on its internet site.
In addition, Plymouth Energy will not accept corn at its 50 million gal/year center in Merrill, Iowa, for at the very least 2 days and perhaps much more, starting April 1, according to the firm's web site.
With the substantial need dip anticipated, corn futures were down 3.75 cents Tuesday to $3.8625/ bushel, cooling down from Monday's clear up of $3.90/ bushel, the highest possible go for a front-month contract since September 6, when it worked out at $3.9150/ bushel.
One ethanol investor stated he anticipates the turn-around period-- normally, throughout April-- to be historically light, given present margins.
"Manufacturers are well aware of the capital now, so they'll be quick with it," the investor said, pertaining to maintenance as well as annual assessments.
website projected manufacturing margin for a regular United States Midwest dry-mill ethanol plant for the week finished March 21 skyrocketed 52.41 cents, or 49.81%, to a Platts document of $1.5763/ girl, a testimonial of information from the US Department of Agriculture and Platts revealed.
Since striking a six-month reduced 5 weeks earlier, skyrocketing ethanol and by-product prices have actually improved margins considerably. The margin was computed at its highest degree since Platts began tracking the data in September 2010.
The Platts Chicago Argo ethanol evaluation Monday rose to its highest level in nearly 8 years amid ongoing serious stress on supply.
Argo ethanol was analyzed 19.85 cents higher at $3.4385/ gal, the highest degree given that July 5, 2006, when it was at $3.9050/ gal. Back then, similar supply worries shook prices as ethanol battled out of the gate in the opening months of taking over for MTBE as the nationwide fuel additive.
Flint Hills Resources will decline corn at its 90 million gal/year center in Iowa Falls, Iowa, from March 31 to April 11 for a springtime turnaround, the company stated on its internet site.
In addition, Plymouth Energy will not accept corn at its 50 million gal/year center in Merrill, Iowa, for at the very least 2 days and perhaps much more, starting April 1, according to the firm's web site.
With the substantial need dip anticipated, corn futures were down 3.75 cents Tuesday to $3.8625/ bushel, cooling down from Monday's clear up of $3.90/ bushel, the highest possible go for a front-month contract since September 6, when it worked out at $3.9150/ bushel.
One ethanol investor stated he anticipates the turn-around period-- normally, throughout April-- to be historically light, given present margins.
"Manufacturers are well aware of the capital now, so they'll be quick with it," the investor said, pertaining to maintenance as well as annual assessments.
website projected manufacturing margin for a regular United States Midwest dry-mill ethanol plant for the week finished March 21 skyrocketed 52.41 cents, or 49.81%, to a Platts document of $1.5763/ girl, a testimonial of information from the US Department of Agriculture and Platts revealed.
Since striking a six-month reduced 5 weeks earlier, skyrocketing ethanol and by-product prices have actually improved margins considerably. The margin was computed at its highest degree since Platts began tracking the data in September 2010.
The Platts Chicago Argo ethanol evaluation Monday rose to its highest level in nearly 8 years amid ongoing serious stress on supply.
Argo ethanol was analyzed 19.85 cents higher at $3.4385/ gal, the highest degree given that July 5, 2006, when it was at $3.9050/ gal. Back then, similar supply worries shook prices as ethanol battled out of the gate in the opening months of taking over for MTBE as the nationwide fuel additive.
