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Released January 18, 2024 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
ExxonMobil Increases LNG Purchases from Mexico Pacific - Mexico Pacific (Houston, Texas) said on Tuesday it had reached a deal to supply Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas), with an additional 1.2 million tonnes per annum of liquefied natural gas (LNG), clearing the way for a final investment decision to expand its Saguaro Energia LNG plant. ExxonMobil LNG Asia Pacific tied up the agreement to buy the LNG from a proposed third train, or production unit, at the Saguaro Energia project on Mexico's west coast, Mexico Pacific said in a statement. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related project reports. (Reuters)
REFINING
China's Oil Refinery Output Recovers in 2023 - China's oil refinery throughput in 2023 rose 9.3% from a year earlier to a record, reversing a rare decline in 2022, as new plants bolstered production to meet a post-pandemic recovery in fuel demand. Refiners processed about 14.7 million barrels per day (BBL/d) of crude oil last year, data from the National Bureau of Statistics showed on Wednesday. That's up from 13.5 million BBL/d in 2022, when output slipped for the first time in two decades as Beijing's tough COVID-19 control measures took a toll on demand. (Reuters)
PRODUCTION
China Certifies More Natural Reserves in Sichuan Basin - China's Sinopec Corporation (Beijing) said on Wednesday that the Chinese government had recently certified 133 billion cubic meters of proven geological reserves of natural gas in its operation in the southwest Sichuan Basin. The new reserve, certified by the Ministry of Natural Resources, marks yet another sizeable tight gas field as the state oil and gas giant steps up drilling deep and hard-to-extract reservoirs, the company said in a statement. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
LNG
ExxonMobil Increases LNG Purchases from Mexico Pacific - Mexico Pacific (Houston, Texas) said on Tuesday it had reached a deal to supply Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas), with an additional 1.2 million tonnes per annum of liquefied natural gas (LNG), clearing the way for a final investment decision to expand its Saguaro Energia LNG plant. ExxonMobil LNG Asia Pacific tied up the agreement to buy the LNG from a proposed third train, or production unit, at the Saguaro Energia project on Mexico's west coast, Mexico Pacific said in a statement. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related project reports. (Reuters)
REFINING
China's Oil Refinery Output Recovers in 2023 - China's oil refinery throughput in 2023 rose 9.3% from a year earlier to a record, reversing a rare decline in 2022, as new plants bolstered production to meet a post-pandemic recovery in fuel demand. Refiners processed about 14.7 million barrels per day (BBL/d) of crude oil last year, data from the National Bureau of Statistics showed on Wednesday. That's up from 13.5 million BBL/d in 2022, when output slipped for the first time in two decades as Beijing's tough COVID-19 control measures took a toll on demand. (Reuters)
PRODUCTION
China Certifies More Natural Reserves in Sichuan Basin - China's Sinopec Corporation (Beijing) said on Wednesday that the Chinese government had recently certified 133 billion cubic meters of proven geological reserves of natural gas in its operation in the southwest Sichuan Basin. The new reserve, certified by the Ministry of Natural Resources, marks yet another sizeable tight gas field as the state oil and gas giant steps up drilling deep and hard-to-extract reservoirs, the company said in a statement. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
