Daily Chemical News Recommendation (May 8, 2018)

ECHEMI will recommend you several daily chemical news. If you want to know more, please go to our News Section.

>> China Issues 19.33 Mil mt Oil Export Quotas under General Trade Route

China has allocated 19.33 million mt of oil product export quotas under the general trade route to the country's five state-owned oil companies -- CNPC, Sinopec, CNOOC, Sinochem and China National Aviation Fuel, market sources said late Sunday.

The new allocations bring the total oil product quotas allocated, comprising the processing trade route and the general trade route, to 39.33 million mt to date this year, equating to 96% of the actual products outflow volume in 2017 and 91.5% of the total quotas allocated last year. [More]

>> NDRC Warned a Steeper Peak in Next Winter Heating Season

NDRC, China’s top economy planning authority, and NEA, NDRC’s subordinate agency, jointly held a press conference to issue the Opinion to Promote Natural Gas Storage Construction and Improve Peak-Shaving Capacity (short for the Opinion) on April 27, 2018. The Opinion clearly mandates the gas storage capacity by every levels of gas operators, and it also mentions that non-compliance operators’ gas operating licenses will be terminated. Besides, NDRC also estimates that the peak-shaving demand for natural gas in the next winter heating season will be steeper than the previous one which already met a supply shortage. [More]