CHINA: UK’s BG Group to supply Hong Kong’s CAPCO in 20-year LNG deal

subsidiary, BG LNG Trading, has agreed to supply Hong Kong-based Castle Peak Power Company (CAPCO) one million tonnes of liquefied natural gas (LNG) per year for up to 20 years. BG LNG Trading will begin delivering the LNG, sourced from various parts of the world, to Hong Kong’s planned import terminal on South Soko Island…

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JAPAN: Mitsubishi Heavy Industries receives orders for gas-turbine power plants from China and Korea

for blast-furnace-gas (BFG) fired gas turbine combined-cycle (GTCC) power generation plants from China and Korea. The two purchases will contribute to better air quality in the two countries. Qian’an Iron and Steel Works, part of Chinese steelmaker Shougang Group, has ordered a 150 megawatt (MW) plant while Korea’s largest independent power producer, POSCO Power Corp,…

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KAZAKHSTAN: World Bank to jointly finance $2.5 billion upgrade of trade route

road project with Kazakhstan to upgrade the trade route linking Asian countries with Russia and Europe. The project is expected to boost Kazakhstan’s competitiveness and to bring significant economic benefits to the country and the broader Central Asia region. The World Bank is expected to finance and rehabilitate a 1,025 km stretch of road between…

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MARKET: Biomass projects to be worth $1.5 billion by 2012, says US-based consultant

market by 2012, said US-based information provider for the global forest products industry. In its ‘International Woodfiber Report (IWR)’, RISI said the market’s explosive growth is not only due to multi-billion investments from private equity firms and Fortune 500 corporations but is also a result of numerous legislative initiatives including the new Farm Bill. The…

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NEW ZEALAND: National air carrier joins newly formed Algal Biomass Organisation (ABO)

which include Continental and Virgin Atlantic Airways LLC, in the newly formed Algal Biomass Organisation (ABO). They will be the first wave of aviation-related members to join the organisation along with biofuel technology developer UOP LLC. The airlines together with Boeing, which co-chairs the ABO, are advocating the development of new generations of fuel sources…

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PAPUA NEW GUINEA: Wartsila to supply two power plants with combined output 90 MWe

(EnergyAsia, July 1, Tuesday) — Finland-based Wärtsilä said it has been awarded contracts to supply two power plants of combined output of 90 MWe to Papua New Guinea.

The orders were made by China ENFI Engineering Corporation.

The power plants will be installed at the Ramu nickel mine and the nickel refinery in the port area in the Madang region.

The Ramu nickel mine is being developed by the Chinese state-owned mining and natural resources exploitation concern China Metallurgical Group (MCC) and its partners.

The power stations will supply electricity to the entire nickel mining and refining project facilities and will complement the existing 120 MWe of power supported by Wärtsilä in the region.

ENFI Ramu Nickel Project team spokesperson said:  “Wärtsilä is one of the world’s leading power plant equipment suppliers. Our commercial and technical evaluation team did exhaustive work to compare proposals made by Wärtsilä and other leading power plant equipment suppliers.

“Considering the project’s tight schedule, we selected Wärtsilä to supply these power plants since the equipment model and delivery time proposed by Wärtsilä met the project needs. Furthermore, we put considerable value on Wärtsilä’s after service capability in the PNG area which, considering the location of the power plants is a great advantage.”

Wärtsilä will supply the equipment together with an engineering and technical assistance package. The refinery installation will include a heat recovery system with the waste heat being utilised in the complex refinery process.

Both installations are scheduled to be completed before the end of 2009.
  
Raymond Vinton, Australian Wärtsilä business development manager for power plants, said:
“Wärtsilä’s portfolio of medium speed engines enabled us to find a configuration that suits the customer’s needs. Combined with the after sales support that we can offer from our new Papua New Guinea service centre, these have helped us to secure this valuable order.”

Wärtsilä said the power plants will be installed with some spare capacity due to the remote location of the installations.
  
Wärtsilä, listed on The Nordic Exchange in Helsinki, Finland, focuses on the marine and energy markets.

AUSTRALIA: Caltex completes million-litre ethanol upgrade at Sydney terminal

it has completed a major upgrade of its Banksmeadow fuel distribution terminal to handle 10% ethanol-blended fuel and serve the markets in Sydney and the New South Wales markets. Minister for Lands, Rural Affairs and Regional Development Tony Kelly launched the new ethanol facilities as fuel tankers lined up to load Bio E10 unleaded gasoline…

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CHINA: Vestas Wind Systems receives orders for 50 units of wind turbine

each consisting of 25 units of the V80-2.0 MW wind turbine for the Danianzi I and the Bolike II windfarm projects in China. Both projects are located 150 km northeast of Chifeng in Inner Mongolia in the northern part of China. The contracts include supply of the turbines including towers, the VestasOnline Business SCADA solution…

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JAPAN: IBM and Tokyo Ohka Kogyo co-operate on thin film development for solar energy products

are collaborating to develop new, low-cost methods for bringing the next generation of solar energy products to market. The companies said the new products will be more affordable and easier to install than those available today. Specifically, TOK and IBM have agreed to jointly develop processes, materials, and equipment suitable for the production of copper-indium-gallium-selenide…

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QATAR: GE Energy lands multi-million-dollar agreement to service RasGas LNG and gas complex

agreement with Qatar’s RasGas Company Limited covering two liquefied natural gas (LNG) trains and Al-Khaleej Gas (AKG) Plant-2 at RasGas’ complex in Ras Laffan Industrial City in Qatar. The project supports Qatar’s strategy to become the world’s leading supplier of LNG.   An LNG train is a chain of equipment, including a gas turbine, which…

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PAKISTAN: Appeals to Saudi Arabia to help build up oil stockpile

stockpile and stockpiling infrastructure. Pakistan has been hard hit by the recent surge in oil prices, raising its crude import bill by 40% over the past 10 months. It imports some 250,000 b/d of crude oil from Saudi Arabia. According to Asif Ali Zardari, co-chairman of Pakistan’s ruling PPP party, Saudi Arabia has indicated it…

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QATAR: Diesel distributor blamed for causing shortages

have disrupted traffic, trade and goods distribution in its capital city of Doha. State-owned Woqod, the city’s only diesel distributor, is unable to meet demand, forcing truckers to idle their vehicles as they line up for hours to fill up at fuel stations. Truckers said Woqod has failed to deliver the supplies ordered by diesel…

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SAUDI ARABIA: Jizan oil refinery project in doubt

likely to be shelved due to spiralling construction costs. Authorities recently delayed a tender for bids on the project for a third time. Apart from rising engineering, steel and materials costs, analysts said the project’s location in the country’s far south away from the crude production sites puts it at a cost disadvantage.   The…

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THAILAND: Costly fuel subsidies will hit PTT profit

least 14 billion baht this year from subsidising domestic fuel prices on the order of the government. (US$1=33 baht). Crude oil prices have risen more than 40% since the start of 2008. In the first four month of this year, PTT said it incurred a loss of 0.32 baht on each litre of diesel it…

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THAILAND: Growing protests against soaring fuel prices

farmers, truck drivers and bus owners protesting against rising fuel costs. Bangkok has been the scene of frequent protests that have added to the city’s notorious traffic jams. The protests are taking place despite government promises to continue subsidising fuel against the advice of oil companies which are chalking up huge losses. The government has…

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CHINA: Titan Petrochemicals to focus on storage and shipyard business

to focus on its oil storage and shipyard business, and scale down its trading and supply activities. With crude oil at more than $140 a barrel and still rising, the company said the trading business is capital intensive and increasingly exposed to market risks and market volatility. The company said it “will consider suitable opportunities…

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ENERGY: CIBC predicts Americans will pull 10 million vehicles off roads by 2012

issued another gloomy prediction, with gasoline hitting US$7 per gallon as impoverished Americans withdraw 10 million vehicles off the roads by 2012. The report forecasts that continued growing global demand combined with ongoing supply challenges will see oil prices continue to rise and hit $200 per barrel in 2010. This will translate into further pain…

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PAKISTAN: Lahore city gripped by fuel supply shortage

supply shortage that has idled the bulk of its public and private vehicles the past few weeks. Officials said that as much as 80% of Lahore’s urban transportation system and half its inter-city connections have shut down due to the scarcity of gasoline and diesel supplies. They warn that the province’s transportation system will completely…

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MALAYSIA: Power company Tenaga hikes tariffs

for industrial and commercial customers by an average 26% effective 1 July. However, Tenaga said the increases were still not enough to fully recoup rising feedstock costs for fuel, gas and coal. In response to rising energy costs on the world markets, the government has sharply raised domestic gasoline, diesel, gas and power prices and…

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MARKETS: British Airways reducing capacity to fight rising fuel costs

year as the rising cost of jet fuel is making many routes commercially unviable. The company plans start to grounding its older, least fuel-efficient Boeing 747s, 767s and 737s aircraft. Jet fuel have soared well above US$170 a barrel and does not look like slowing down any time soon. With more analysts forecasting higher oil…

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MARKETS: US EIA predicts world energy use to grow 50% between 2005 and 2030

2005 and 2030, driven by robust economic growth and  expanding populations in the world’s developing countries, said the US Energy Information Administration (EIA). In its latest International Energy Outlook 2008 report, the EIA said it based its prediction on 2007 oil prices, which are nearly double the 2003 prices in real terms. The report does…

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FUNDS: FTSE Group launches ‘Environmental Opportunities All-Share Index’

Environmental Opportunities All-Share Index’, which is made up of over 450 constituents covering the alternative energy, water and waste management companies.  The constituents are taken from the ‘FTSE Global Equity Index Series’ and are included in the index if a minimum of 20% of their revenue comes from environmental markets or technologies, which are of…

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CHINA: Hydropower damage from Sichuan quake could lead to blackouts

due to the damage to its hydropower dams caused by the massive earthquake last month in Sichuan province. Officals said the 8 magnitude earthquake, which killed more than 80,000 people, damaged dozens of dams and cut coal production. The timing could not be worse as China is already struggling to cope with massive power supply…

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AUSTRALIA: SEAOOC 2008 in Darwin

(EnergyAsia, June 27, Friday) — Australia has entered its biggest ever era of petroleum exploration as energy prices and demands for liquid natural gas escalate.

“We are in a unique position to reap enormous rewards from our resources,” says APPEA CEO Belinda Robinson, who will chair the first day of SEAAOC, northern Australia’s largest and longest established petroleum conference, in Darwin in July.

SEAAOC, to be held 16-18 July at the Holiday Inn Esplanade, will review exploration and production as well as a number of other issues including energy security and environmental sustainability.

The event will be held at a time of unprecedented interest from domestic and international companies in Australia’s prospecting activity, and the announcement by the Federal government of 35 new offshore petroleum exploration areas in Commonwealth waters.

“We now have more than A$100 billion worth of petroleum projects under development or in planning, and recognising the hurdles to achieving that potential, the new Rudd Government has signaled a strong willingness to partner with industry to get more gas projects off the ground,” Ms Robinson said. (US$1=A$1.05).

“The investment being considered is almost eight times the original investment in Australia’s biggest ever resource project, the North West Shelf gas project based at Karratha.”

She welcomed the announcement by Resources and Energy Minister Martin Ferguson that the UN had agreed to extend Australia’s territory by an area five times the size of France.

“Australia’s crude oil and condensate production has declined from nearly 100% of Australia’s needs in 2000 to just over 60 percent today and an anticipated 32% by 2017.

“With more area to explore for new oil and gas reserves comes more promise. The challenge will be to increase our knowledge of the petroleum prospectivity of these areas and encourage explorers into them.”

According to ExxonMobil, demand for liquefied natural gas in the US and Europe will surpass Asian consumption by as early as 2015, while global LNG demand is set to triple between now and 2030.

A key speaker at SEAAOC will be Luluk Sumiarso, Indonesia’s director general of oil and gas, who will give an overview of oil and gas developments in his country.

Indonesia’s state-owned Pertamina is aiming to increase its crude oil output 28% to 183,000 barrels a day this year from 143,000 barrels in 2007. It also plans to increase gas output to 1.485 billion cubic feet a day from 1.114 billion cubic feet a day in 2007.

Robin Antrobus, a vice president at ConocoPhillips Australia, will review achievements and future opportunities in northern Australia. Conoco Phillips operates the Bayu-Undan facility in the Timor sea, where a 502km subsea pipeline sends gas to the Darwin liquefied natural gas plant to be converted to LNG for export to Asia.

Another key speaker is Eros Agostinelli, managing director of Eni Australia. Eni operates oil fields and is an active explorer, with exploration areas over 12,000 sq km between the southern coast of Timor and the northern boundary of the Joint Petroleum Development Area (JPDA).

Chris Hart, managing director of MEO Australia, will review The Tassie Shoal LNG and methanol projects in the Timor Sea, as well as plans for exploration and production in the North West Shelf. MEO is undertaking extensive appraisal drilling to confirm gas reserves to underpin supply to the Tassie Shoal projects.

INDONESIA: Power conference in Jakarta from August 27 to 28

(EnergyAsia, June 27, Friday) — ‘Indonesia Power Conference 2008’ will be held at the Hotel Mulia Senayan in Jakarta, Indonesia from August 27 to 28.

The conference will feature a keynote address from Indonesia’s director general for electricity and energy utilisation in the Ministry of Energy and Mineral Resources.

Indonesia has a large base of primary energy resources including oil, natural gas, coal, and considerable hydroelectric and geothermal potentials. Despite this, the country is struggling to meet its power demands.

‘Indonesia Power’ will provide updates on the country’s power sector, investment opportunities, financing power projects, renewable energy, alternative power sources and clean energy development.

The conference’s other speakers include Chris de Lavigne (Frost and Sullivan), Fahmi Mochtar (Perusahaan Listrik Negara), Muhamad Lutfi (Investment Coordinating Board), Ernst G. Tehuteru (Ali Budiarjo, Nugroho, Reksodiputro), James Booker (Paiton Energy), Joseph A. Anderson (Morrison & Foerster LLP),

Laurent Margoloff (Fortis Merchant Banking), Dung Ho (Standard Chartered Bank), Anthony J. Anderson (Prima Wahana Caraka), Duncan Ritchie (Aequero), Anton Wahjosoedibjo (The Indonesian Electrical Power Society), Jochen Overberg (Siemens Indonesia), Yoga P. Suprapto (Badak LNG), Handry Santriago (GE Energy), Raswari (Indonesian Professional Engineer Association (PIPI)), Martin Daniel (Platts), Rehan Kausar (Asian Development Bank) and Agus Sari (EcoSecurities).

‘Indonesia Power Conference 2008’ is organised by the Asia Business Forum. For more information, please contact Admin@EnergyAsia.com.