Archive | October, 2006

INDIA: New Delhi sees role for IMF to curb oil price volatility

(EnergyAsia, October 31) — India wants the International Monetary Fund (IMF) to take on a more active role in helping address oil price volatility on international markets.             At a recent forum, Finance Minister Palaniappan Chidambaram said that high and volatile oil prices remain a threat to developing countries. High oil prices are pushing up […]

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CHINA: CNOOC-Petronas deal seen as setting LNG benchmark price for Asia

(EnergyAsia, October 16) — China’s recent deal to import liquefied natural gas (LNG) from Malaysia may set a new pricing benchmark for the Asian market.             CNOOC chairman Fu Chengyu told local media that the deal with Malaysia’s Petronas to supply an upcoming terminal in Shanghai could become a standard for regional LNG pricing.             […]

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CHINA: Russia’s Gazprom to build natural gas pipelines

(EnergyAsia, October 31) — Russia’s gas giant Gazprom is in talks with Chinese authorities to build two pipelines to deliver natural gas to China.             The first project aims to deliver natural gas from Siberia to China’s western regions by 2011. The line is expected to cost up to US$5 billion.             The second pipeline […]

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CHINA: SUEZ Global LNG signs agreement for potential LNG supply with CNOOC

(EnergyAsia, October 31) — France’s SUEZ Global LNG recently signed an agreement with CNOOC, China’s third largest oil company, for a potential short-term deal to supply LNG to China.   The agreement defines the structure and terms under which future short-term deliveries will take place and will enable SUEZ to transact quickly when market conditions […]

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CHINA: Foster Wheeler awarded another CFB boiler design and supply contract by Sinopec

(EnergyAsia, October 31) — Foster Wheeler Ltd said that two of its Chinese subsidiaries have been awarded contracts by a unit of the China Petrochemical Corporation or Sinopec to design and supply three 100 Mwe circulating fluidised-bed (CFB) boilers for their ethylene complex in Tianjin city. The state-of-the-art, petroleum coke-fired boilers will be designed by […]

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CLIMATE CHANGE: ADB says suburban living in Asian cities increasingly unsustainable

(EnergyAsia, October 31) — We have to make smart choices for the infrastructure investments today that have climate change consequences that future generations will have to live with, a senior ADB official told a meeting on Asia and Pacific’s carbon market potential last week.         “The world is coming to grasp the effects of greenhouse gas […]

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