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OilMARKET 02 / 2016
TOPIC OF THE ISSUE
IP Week 2016: The economics of decarbonizationIP Week 2016: The economics of decarbonization
On 9H11 February the conference participants raised issues on the decarbonization of the world energy sources and the CO2 emissions reduction plans outlined under the December 2015 Paris Agreement. The future key energy trends included rapid natural gas consumption and production growth as it is the most viable compromise and effecH tive alternative for coal use. Still some delegates referred to the moderate and huge coal consuming nations like Ukraine for the first case and the world's biggest coal consumer like India in the latter, they both currently do not have too many alternatives for the coal consumption.
EXPLORATION AND PRODUCTION
Believing in Ukraine
Arab Energy Alliance is one of the few
remaining foreign investors in UkraineBelieving in Ukraine Arab Energy Alliance is one of the few remaining foreign investors in Ukraine's natural gas production sector
Today, Ukraine is experiencing a number of challenges with the economy depressed by the long lasting political crisis, war in the East of the country and capital flight. However, some experienced international companies show patience and sustain their Ukrainian assets.
REFINING
Refining renaissance
Plans of the Latvian retail fuels operator
Dinaz to develop new refining facilities
in the Baltic regionRefining renaissance Plans of the Latvian retail fuels operator Dinaz to develop new refining facilities in the Baltic region
Well established state and private analytical agencies foresee no rapid decline of hydrocarbon fuels, despite all the excitement about the newest generation electric cars. The BP forecast as well as the U.S.A. Energy Information Agency (EIA) as well as International Energy Agency (IEA) agree that by the middle of the century up to 65-70% of energy consumed in the U.S.A. and EU will be of fossil origin (especially in case with motor fuels or gas equivalents for transport). Plans of the Latvian retail fuels operator Dinaz to develop new refining facilities in the Baltic region are in synergy the mainstream trends in the European and global downstream segment.
PETROCHEMICAL INDUSTRY
RussiaRussia's polyethylene: new trends and growth
Russia followed global market trends for many years and Russian polyethylene market cut loose and charts its own course. Rise in prices and partial refusal of import followed after rouble crash and as a result, local prices stopped to correlate with world prices. Domestic production growth and steppingHup of branded products assortment promote independent development.
PETROCHEMICAL INDUSTRY
RussiaRussia's polypropylene market: growth in crisis
During the crisis year of 2015 Russia's polypropylene (PP) production, intermediate processing in order to produce feedstock for the endHusers and the ultimate endHuse production of PP products demonstrated unprecedented growth. Growing domestic production, its assortment and volumes created strong enough competition for the PP imports. Cheaper price in many cases made Russian PP the feedstock of choice for the Russian buyers. Market operators express concerns that cheap feedstock and other success factors will not be enough for sustainable industry growth. They believe additional state support for the industry is needed.
COMPANIES
BURISMA: This year we plan to boost gas
production up to 2 bn m3BURISMA: This year we plan to boost gas production up to 2 bn m3
OILMARKET: In 2015, the subsidiaries of Burisma Group increased the volume of natu ral gas production. What are your plans in 2016, how Burisma plans to expand its busi ness?
LPG
UKRAINEUKRAINE'S LPG 2016: TURBULENT GROWTH
Ukrainian association of LPG (ULPGA) held on 19-20 May 2016 its 19th Assembly, exposing the problems and highlighting growth potential on the Ukraine's LPG market. Organized by the Ukrainian association of LPG, with the support of an industry leader, company Nadezhda, and Brussels based European Association of LPG (AEGPL), all the major national operators, trading companies, project and engineering organizations, representatives of ministries and government agencies, as well as the representatives of Verkhovna Rada, the parliament. On the 19th May the forum was organized in the format of discussion panels with the key speakers raising priority topics.
03 / 2018