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China’s gas goals face unconventional hurdles
Beijing’s strong emphasis on domestic production growth will require heavier investment from the country’s NOCs, as remaining reserves become harder to exploit
India’s growing gas appetite
Demand increasing at a clip as government plots infrastructure buildout
Letter from India: Prosperity and sustainability make uneasy bedfellows
Burgeoning middle class and long-term growth from a low base at odds with energy transition efforts
Oil India sets ambitious drilling target
The state-owned firm will drill 60 wells in the current financial year as India strives to reduce its import dependence
India’s diesel love affair continues
Demand for the fuel is poised for further growth, but government regulation and changing habits could eventually undermine its primacy
Petchems Report: US a petchems hotbed while Europe struggles
Low-cost ethane has made the US a premier destination for petchems investments, while in Europe the industry faces economic headwinds
Petchems Report: Asia ramps up petchems production
India and China are both looking to substantially boost their petchems capacities out to 2030
Muted winter LNG outlook for NE Asia
Seasonal temperatures will prove critical, but the LNG demand prospects for China, Japan and South Korea are currently soft
China stalls on Power of Siberia 2
Beijing appears willing to use Moscow’s isolation to its advantage
China gas policy focuses on energy security
The revised Gas Utilisation Policy refines Beijing’s policies for a market that has doubled in size since 2012
Saudi Aramco is focusing on strategic overseas downstream investments
Saudi Aramco China Chemicals Russia India
Clare Dunkley
2 March 2022
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Aramco pursues downstream agenda

The Saudi titan’s renewed plans to lock in demand through downstream developments coincide with consumers seeking to guarantee supply

As fears over energy security pushed oil prices towards $100/bl in early 2022, state oil giant Saudi Aramco doubled down on its strategic overseas downstream investment. It resurrected a refining and petrochemicals project in China, with its promise of a guaranteed outlet for exports to its largest crude buyer, while the part-acquisition of a Polish refiner spoke to ambitions to secure a larger slice of the European market. And a long-term sales and offtake agreement with an aspirant Egyptian downstream developer highlighted Aramco’s increasing emphasis in these and other recent deals on maximising petrochemical conversion rates. China is both the largest single importer of Saudi oil—averagi

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