Sinopec Gas Discovery, China Refinery Output: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

REFINING
China's September Refinery Output Sees Year-on-Year Rise - China's oil refinery output in September posted its first year-on-year increase since November, with daily processing rising to its highest in nine months, data showed, as several large state-run plants returned from maintenance. September refinery output rose by 1.9% from a year earlier to about 13.82 million barrels per day (BBL/d), according to the National Bureau of Statistics, versus 12.64 million BBL/d in August. (Reuters)

NATURAL GAS
U.S. Natural Gas Gains Nearly 5% - U.S. natural gas futures jumped about 5% after sliding to a fresh seven-month low earlier in the session on a technical rebound and expectations demand would rise as U.S. liquefied natural gas exports increase once liquefaction plants exit maintenance outages in the coming weeks. Front-month gas futures rose 24.0 cents, or 4.8%, to settle at $5.199 per million British thermal units. On Friday, the contract closed below the $5 mark for the first time since March. (Reuters)

PRODUCTION
Sinopec Makes New Offshore Gas Find - China's Sinopec (Beijing) has discovered new shale gas reserves in the Jinshi 103HF exploratory well deployed in the Sichuan Basin. With a daily natural gas production 258,600 cubic meters per day and an evaluated resource capacity of 387.8 billion cubic meters, it is the first discovery in the Cambrian Qiongzhusi Formation. The find will further promote shale gas exploration and production in the Sichuan Basin. (PR Newswire)

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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).