Saudi Pipeline Attack, Japan Oil Release, Russian LNG Cargo: Your Daily Energy News

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April 10, 2020--News highlights gathered by Industrial Info dealing with the energy markets.

MIDDLE EAST
Attacks Cut Flows on Major Saudi Oil Pipeline - Attacks on Saudi energy facilities have cut the kingdom's oil production capacity by around 600,000 barrels per day (BBL/d) and an attack on a pumping station reduced the throughput on the major East-West pipeline by about 700,000 BBL/d, Saudi state news agency SPA reported on Thursday, citing an official source at the energy ministry.

The attacks, including previous strikes on some facilities, also disrupted operations at key oil, gas, refining, petrochemical and electricity sites in Riyadh, the Eastern Province and Yanbu Industrial City, SPA said. The ministry source ⁠did not specify who launched the missiles and described the pipeline as currently a main route for supplying global markets. (Reuters)

JAPAN
Japan Considers Further Oil Reserve Release - Japan is considering a new release of about 20 days' worth of oil reserves as early as May, news agency Kyodo reported on Thursday, amid uncertainty over the reopening of the Strait of Hormuz despite a U.S.-Iran ceasefire. Japan, dependent on the Middle East for some 95% of its oil supply, began releasing oil from its stockpiles on March 16 ⁠in coordination with other nations and on its own. The country now has enough oil for 230 days in its reserves. (Reuters)

LNG
Russia's Yamal LNG Sends Cargo to China for First Time Since November - Yamal LNG, controlled by Russia's largest liquefied natural gas (LNG) producer Novatek recenrtly sent its first cargo to China since last November, LSEG data showed on Tuesday, weeks before the gradual enforcement of Europe's ban on Russian LNG imports. The project, located on the Yamal peninsula in ⁠the Arctic, has previously mostly exported its LNG to Europe. Yamal ⁠LNG last sent an LNG cargo to China at the end of November, which ⁠arrived at the end of January. Subscribers to Industrial Info Reesources' Global Market Intelligence (GMI) Plant Database can click here for the plant profile. (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 Resources
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 250,000 current and future projects worth $30.2 trillion (USD).