Energy Update
HONG KONG, March 30 (Reuters) - China Petroleum & Chemical Corporation (Sinopec) , plans to boost its domestic natural gas production capacity by about two-thirds by 2020, its chairman said on Wednesday, part of plans to develop clean energy.
LAUNCESTON, Australia, March 30 (Reuters) - Janet Yellen has emerged as another problem for commodity producers, particularly those in Australia, as her caution over interest rates has effectively weakened the U.S.
BEIJING, March 30 (Reuters) - Iran is expected to add half a million barrels of oil supply a day within a year from its existing oilfields after the lifting of sanctions against Tehran in January, but developing new fields would take time, the head of the International Energy Agency said on Wednesday.
LONDON, March 30 (Reuters) - Royal Dutch Shell said on Wednesday Dutch investigators recently visited its headquarters in the Hague in the Netherlands in relation to an investigation into a Nigerian offshore oil field.
BEIJING, March 30 (Reuters) - China's Shenhua Group is in talks with leading Chinese nuclear developers on taking stakes in domestic nuclear projects, as the country's biggest coal firm tries to diversify into cleaner forms of energy, Shenhua President Zhang Yuzhuo said on Wednesday.
PARIS, March 30 (Reuters) - State-controlled French utility EDF reaffirmed its plans to complete its Hinkley Point nuclear reactor project in southern England by 2025 after a newspaper report said a group of its own engineers had doubts about the timetable.
DHAKA, March 30 (Reuters) - Bangladesh-China Power Company Limited (BCPCL) will invest $1.56 billion in a coal-fired plant near a proposed sea port south of Dhaka to produce 1,320 megawatts (MW) of electricity by 2019, the head of the joint venture (JV) said on Wednesday.
Uncertainty around the US ethane market has grown as new projects for domestic and export use all come online simultaneous with declining production and low prices.
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