Fuels

The Indonesian Ministry of Commerce has threatened to impose higher tariffs on EU dairy products in response to the proposed measure by the bloc on palm oil biodiesel, the BTA quoted France as saying.

The warning could exacerbate the trade dispute between the EU and Indonesia, which is the world's largest producer of palm oil. The EU plans to reduce palm oil-based biofuels by 2030.

Private Greek industrial group Mytilineos has overtaken incumbent DEPA to become the country's biggest LNG importer this year, the first time in history that an independent company has knocked the state-owned company from the top spot, ICIS an information platform on petrochemicals and specifically on energy issues, fertilisers and other commodities said in a report.

Greece's coastal shipping fleet is old and environmentally unsound, and needs to be replaced with the assistance of local and European Union authorities, XRTC Business Consultants says in its latest report on the sector.

Customs Intelligence and Investigation Directorate General seized 7,690 liters of energy products with diesel fuel at three separate inspections in Burgas and Yambol.

During a warehouse inspection in Burgas, customs officers came across two plastic faucets and 114 plastic tubes containing a total of 2090 liters of yellowish liquid with diesel fuel characteristics.

Today, the European Commission (EC) has decided to file a lawsuit against Bulgaria for exceeding the sulfur dioxide standards in the Galabovo region. The problem with high levels of sulfur dioxide in Bulgaria has existed for a long time, mainly in connection with the use of coal with high sulfur content from some thermal power plants.

Three joint ventures have been selected by Cyprus in the first stage of a tender to provide a floating storage and regasification unit (FSRU) to import liquefied natural gas (LNG).
The first joint venture is led by China Petroleum Pipeline Engineering, Natural Gas Public Company of Cyprus (DEFA) said on its website.

Global orders for new oceangoing vessels dropped to record lows after the year's second quarter, but Greek shipowners remained the leaders in orders across the entire range of tankers and liquefied natural gas carriers, according to a survey by VesselsValue.

Israel-focused gas driller Energean said on Thursday it will buy Italian energy group Edison's oil and natural gas unit for an initial consideration of $750 million.
The acquisition would significantly expand Energean's operations in the growing eastern Mediterranean gas hub, with a significant presence in Egypt's offshore basin.

Less than a year after it was upgraded with a third tank, the gas terminal on the island of Revythousa is confirming its strategic role as a feeder of the broader Balkan market, as on August 31 it will receive the first liquefied natural gas load destined for Bulgaria that is procured directly by a Bulgarian company.

Liquefied natural gas (LNG) deliveries to Italy, Spain, Greece, Portugal and Turkey in May rose 16 percent from April, and were up 53 percent from the same month a year ago, Refinitiv data show.
June deliveries this year are set to be higher than in 2018.
[Reuters]