Asian Downstream Insights | Cutting-edge trends from the oil & gas sector

ENEOS, PETRONAS, PTTEP to withdraw from Myanmar

ENEOS subsidiary JX Nippon Oil & Gas Exploration Corporation has announced plans to exit Myanmar, withdrawing from the Yetagun gas project due to concerns about “the country’s current situation”. PETRONAS subsidiaries PETRONAS Carigali Myanmar Inc and PC Myanmar have similarly announced their intentions to withdraw from the Yetagun gas project. So has Thailand’s PTTEP, calling…

Shell claims “strong progress” towards net zero

Shell recently published its Energy Transition Progress Report 2021 detailing the company’s progress over the past year; This report will be put to shareholders for an advisory vote at the Annual General Meeting on 24 May 2022. “In a time of great uncertainty, it is vital that our long-term energy transition strategy remains on track,”…

Multinational partnership aims to establish first green e-methanol plant in Southeast Asia

Six leading companies have formed a partnership that aims to establish Asia’s first green e-methanol plant which converts captured biogenic carbon dioxide (CO2) into green e-methanol, a low carbon fuel, that could enable a significant reduction in greenhouse gas emissions. The pilot plant will be set up in Singapore pending successful conclusion of feasibility studies…

Energy Transition “Now or Never”, warns IPCC

The King of Rock and Roll Elvis Presley may have had romance on his mind when he released his hit single “It’s Now or Never” in 1960, but the Intergovernmental Panel on Climate Change (IPCC) is singing an entirely different tune. “It’s now or never, if we want to limit global warming to 1.5°C,” cautioned…

Advisory Committee Confirms Theme for ADS, ARTC 2022

The theme for this year’s Asian Downstream Summit (ADS) and Asian Refining Technology Conference (ARTC) will be “Reconfiguring the Industry for the Global Energy Transition”. This was announced by the conference and exhibition’s Advisory Committee, after they confirmed their decision on Tuesday, 3 March. Topics along the announced theme include explorations into ways that refiners…

Decarbonisation an issue beyond “moral responsibility”

Dr. Purandar Chakravarty, Head of Innovation and Alternate Energy, Nayara Energy, has some very strong opinions when it comes to the issue of decarbonisation, declaring that it’s much less of a moral issue, and much more a business decision instead. How, then, do refiners distinguish between the two? And what solutions are available?