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Opec price war in Asia intensifies as oil falls below US$50

SINGAPORE: Even as Saudi Arabia and its Gulf OPEC allies appear united in their refusal to cut output to boost global oil prices, they are becoming locked in an increasingly fierce battle to secure market share in Asia.


Korea Gas swaps two LNG lots from Petronas with Taiwan CPC

Under this deal, which often occurs at off season, CPC receives those two cargoes initially destined to KOGAS from Malaysia's Petronas LNG this month, said a source.


Petronas bags two contracts to supply LNG

PETALING JAYA: Petroliam Nasional Bhd (Petronas) has signed two contracts to supply CPC Corp of Taiwan with up to 2.6 million tonnes of liquefied natural gas (LNG) per year for six years.


Petronas signs LNG contracts with Taiwan’s CPC Corp

KUALA LUMPUR: Petronas has signed two contracts through its subsidiaries Malaysia LNG Sdn Bhd (MLNG) and Petronas LNG Ltd (PLL) to supply up to 2.6 million tonnes per year of liquefied natural gas (LNG) to Taiwan’s CPC Corporation.


Asia Gasoline/Naphtha: Gasoline Holds Firm, M'sia-based Titan buys naphtha at discount

Bearish factors enabled Malaysia-based Titan to buy a first-half April naphtha of full-range grade at a discount.


Taiwanese refiner CPC Corp shelves Johor petrochemicals project

KUALA LUMPUR: Taiwan’s CPC Corp has shelved its plans for a multi-billion US dollar integrated refining and petrochemical complex in Pengerang, Johor, reports said on Thursday.


Asia-Pacific Crude-Malaysia, Vietnam grades firm

SINGAPORE: Malaysian and Vietnamese crude for August were sold at steady to slightly higher premiums than the previous month, supported by limited supply and improved refining margins.


Taiwan firm mulls US$12bil oil project in M’sia

KUALA LUMPUR: Kuokuang Petrochemical Technology Co, 43%-owned by Taiwanese state-run refiner CPC Corp, may invest as much as US$12bil in an oil and petrochemicals hub in Malaysia.


Taiwan leaves no room for rate cut

TAIPEI: Taiwan’s decision to allow petrol prices to rise to ease the burden on state-run oil firm CPC Corp is set to lift inflation, all but ruling out any rate cut by the central bank but possibly triggering a rise in the Taiwan dollar to mitigate the impact on consumers.


First floating LNG project

PERTH: Royal Dutch Shell yesterday gave the go-ahead to a US$10bil-plus liquefied natural gas (LNG) project in Australia, set to be the world's first floating LNG plant and targeted at soaring Asian demand.