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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.
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.
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.
Bearish factors enabled Malaysia-based Titan to buy a first-half April naphtha of full-range grade at a discount.
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.
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.
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.
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.
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.
TAIPEI (Reuters) - A wave of environmental protests in Taiwan, sometimes pitting demonstrators against police, has pushed the government to speed up new green rules to protect the environment without harming economic growth.