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...Nord Stream pipeline....
...The super-chilled fuel has grown in importance for the Kremlin because of the loss of pipeline exports to Europe....
...“What they [the companies] keep telling us is that because we already have all the industry and the pipelines, that’s why . . . they’re building the LNG....
...“There is a number of [petrochemicals] investments in China in the pipeline that we are currently evaluating and which we will announce in due course.”...
...Highly polluting “grey” hydrogen, produced from fossil fuels, is already widely used in the chemical and petrochemicals industries....
...The three countries rely on the Druzhba pipeline bringing heavy crude from Russia. “I understand their position. If I were in their shoes I would say, ‘Look I have a problem.’...
...The Chancery decided that Loews had short-changed shareholders of an energy pipeline subsidiary, Boardwalk Pipeline Partners LP, when it acquired Boardwalk for $1.5bn in 2018....
...As well as operating the Forties network, Ineos has oil and gasfields in the North Sea and owns the Grangemouth refinery as well as a petrochemical site in Scotland....
...The group is pursuing deals simultaneously with Brazilian petrochemical maker Braskem, Austria’s OMV and German chemical company Covestro....
...Last year, the EU forbade seaborne oil imports from Russia, but it exempted oil transported overland through the Druzhba pipeline network, which links Russia to Poland and a handful of other EU countries...
...Warnig is the chair of the board of Transneft, the gas pipeline operator, and is a member of the supervisory board of VTB Bank....
...The district is home to hundreds of commuting BASF workers, who have watched in alarm as the company builds a new €10bn petrochemicals plant in China and downsizes in Europe....
...BASF, which produces a wide range of chemicals such as solvents, glues and basic petrochemicals, is among many European companies that have suffered a blow from the energy crisis that has engulfed the continent...
...Saudi Aramco recently said it was raising $12.4bn from a minority stake sale in a newly formed oil pipeline venture to a consortium of investors....
...“We are already overburdened and we already have communities that are living right next to petrochemical facilities that are already damaging the water and the air,” said James Hiatt of the Louisiana Bucket...
...Locals strolling along a picturesque boardwalk on the Baltic coastline say it was made possible by Nord Stream money. Other towns in the region had also hoped to benefit....
...It includes other large petrochemical plants and many smaller companies that are part of their supply chains....
...German officials are waiting to learn if Russian supplies via the crucial Nord Stream 1 pipeline under the Baltic Sea will resume after a 10-day maintenance period ends on Thursday....
...Ineos, owned by Jim Ratcliffe, has a sprawling business spanning petrochemicals, refineries and oil and gas production....
...Last month, Laster ruled that the conglomerate Loews Corporation had short-changed public shareholders in a 2018, $1.5bn buyout of its energy pipeline subsidiary, Boardwalk....
...“For every dollar of gross merchandise value that we drive, 30-40 per cent could come directly from Reliance Retail sourcing pipeline.”...
...The company meanwhile spent $69bn buying 70 per cent of Sabic, the kingdom’s petrochemical business. It plans to shell out a further $170bn in capital spending. Investors have qualms....
...Contracts for Russian pipeline gas exports to Europe are typically denominated in euros....
...Petrochemical producers such as BASF, LyondellBasell and Ineos are also at risk from a potential surge in prices and limited availability of naphtha, a feedstock in plastics production....
...(Amanda Chu) Power Points The world’s largest petrochemical and oil companies are receiving pushback over how they manage plastic waste....
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