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Chevron projects drove Australian LNG export surge in 2017-18: China lead buyer

July 18, 2018

ADELAIDE - Australian LNG exports surged by 9.3 million tonnes (18.5%) to 59.7 million tonnes in 2017-18, with the biggest drivers of increased shipments Chevron’s new projects. Shipments from Gorgon grew by 6.9 Mt to 12.7 Mt while the start-up of Wheatstone produced 2.1 Mt. EnergyQuest, the energy advisory group, says both projects have further room to grow this year, towards Gorgon’s nameplate capacity of 15.6 Mtpa and Wheatstone’s 8.9 Mtpa.

Sovereign Wealth Funds pull back from private markets, return to listed equities

July 17, 2018

LONDON - Sovereign wealth funds are increasing their exposure to listed assets as private market deal activity slows, according to research from the International Forum of Sovereign Wealth Funds (IFSWF). Dealing with Disruption, an inaugural IFSWF annual review, produced in association with the Sovereign Investment Lab at Bocconi University, Milan, found that sovereign wealth funds’ (SWFs) appetite for real estate and infrastructure deals slowed in 2017.

Seoul, Singapore to strengthen trade, technology ties

July 17, 2018

SEOUL – Meeting in Singapore, South Korean President Moon Jae-in and Singapore’s Prime Minister, Lee Hsien Loong, have agreed to expand co-operation on several areas, including trade and investment in human resources. They agreed to expand exchanges of high-level officials and students studying advanced technologies. They also plan to expand two-way trade, currently at around US$20 billion, and promote investment by concluding talks on revision of  the double taxation agreement. 

China may need to lift private consumption, says ANZ Bank

July 13, 2018

 BEIJING - China’s trade surplus reached a six-month high in June, thanks to a significant slowdown in import growth – to 14.1% y/y from 26.0% in May. Growth in imports of mechanical and electrical products, which account for more than 40% of China’s total imports, slowed to 5.0% y/y in June compared with 23.6% in May. This reduced its contribution to overall import growth to 2.2% in June from 10.7% the previous month.