Indonesian petchem complex to expand PP production capacity

PT Chandra Asri Petrochemical Tbk, a subsidiary of PT Barito Pacific Tbk, has let a contract to W.R. Grace & Co. to provide process technology licensing for a planned expansion of an existing polypropylene unit at its petrochemical complex at Ciwandan, Cilegon, in Indonesia’s Banten province. Source: News

EU should use its existing tools to resist Nord Stream 2, forum told

The European Union should use tools it has already instead of calling for US sanctions to resist the Russian-backed 746-mile Nord Stream 2 natural gas pipeline, one speaker suggested at a June 25 Atlantic Council discussion about Central and Eastern Europe’s 21st Century energy needs. Source: News

WGC: DNV GL survey finds energy industry moving toward natural gas

Nearly two thirds (64%) of oil and gas sector leaders expect to increase or sustain spending on natural gas projects in 2018, as the sector prepares for gas to overtake oil as the world’s primary energy source in the mid-2030s. Source: News

MARKET WATCH: Crude oil prices fall on Syncrude problems, OPEC ambiguity

Crude oil prices fell modestly on both New York and London markets June 25 as traders and analysts contemplated a decision by the Organization of Petroleum Exporting Countries and other major producers, including Russia, to begin increasing crude output effective July 1. Source: News